CNBC names Charlotte second-best city for economic recovery

December 2, 2012 by  

Charlotte recently received the honor of being recognized by the financial news station CNBC as the second-best city in the country for companies and businesses in the process of making a recovery from the nation’s economic slide. The Street Signs program at CNBC took a look at stocks in the Charlotte area in the past year (November 2011 until November 2012). Findings revealed that stocks of companies in the Charlotte area had gone up over the past year by nearly 22%.

Harry Bowman, a business professor at Queens University, said the free advertising provided by the recent recognition by CNBC might aid in drawing new businesses and individuals to the area. Bowman stated:

“We want that property tax base, we want more people, we want more diversity. All of these things help the city improve itself in terms of its infrastructure and many of those things we’d like to have.”

CNBC’s recognition of Charlotte as a city making a good job of rising out of the ashes of the economic downturn may very well attract new businesses to the area. If this is the case, these businesses are likely to call upon local printing companies for a number of printing services, including catalog printing, postcard printing, and a variety of other services.

The Street Signs program, which was hosted from the NASCAR hall of Fame, spotlighted a number of local companies, including Family Dollar, Lowe’s, Bank of America, SPX, and Carlisle Companies.