Articles about the Economy

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Seeking a new path: Announcing the third Gambrell Faculty Fellows cohort
   October 20, 2021
Lori Thomas, Ph.D.

Our Charlotte region continues to wrestle with a vexing challenge: How can we improve economic mobility so that all of our community members can share the benefits of growth? 

It’s a big question, one...

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Employee ownership as a tool for reducing the racial wealth gap
   October 20, 2021
Ely Portillo
Dr. Matthew
Metzgar
Dr. Mark
DeHaven...
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Data that show why Charlotte houses are so expensive - and scarce
   July 28, 2021
Ely Portillo

Buying a house in the Charlotte region has, in many ways, never been more challenging. Buyers face a dizzying array of obstacles: A historic supply crunch, skyrocketing prices and homes that sell faster and faster each month. 

The reasons are numerous. Housing supply never fully recovered after the 2008 economic crash and Great Recession drove homebuilders out of business; pandemic-...

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Building Charlotte's future (literally) with the construction industry
   July 26, 2021
Ely Portillo

Charlotte's growth rests, in the end, on the people who actually build our city: The construction industry. 

In this episode of the "Future Charlotte" podcast, general contractor Myers & Chapman CEO Marcus Rabun talks about the near-term challenges facing the industry such as covid-19, material and labor shortages. Rabun also discusses what might be an even bigger challenge to the...

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Three-day work weeks, vacant offices, shuttered storefronts. Is the upcoming Center City 2040 Vision Plan ready for that?
   July 15, 2021
Martin Zimmerman

The key to its success will be for residents and leaders to dare to dream big ,” Chris Beynon, Center City Vision Plan team leader, MIG consultants, Charlotte Business Journal, August 9,...

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Supporting Charlotte’s minority-owned small businesses
   June 29, 2021
Angelique Gaines

A study released this week by the UNC Charlotte Urban Institute sheds light on the unique challenges minority-owned small businesses face and how the Charlotte-Mecklenburg community can better support these enterprises, which are key to community well-being and wealth-building.

Defined as businesses with fewer than 500...

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Poverty suburbanization and job access: A new study tests ‘spatial mismatch’
   June 16, 2021
Ely Portillo

Does where you live — and what jobs you have access to — influence whether you work, and how much you earn?

The long-held “spatial mismatch” theory posits that inner city unemployment and poverty has been driven in large part by the increasing physical separation of inner city residents from job opportunities, as suburbs boomed and employers dispersed away from urban cores. As Black...

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Wall Street-backed landlords now own more than 11,000 single-family homes in Charlotte
   June 9, 2021
Ely Portillo, Justin Lane

For decades, the single-family home rental market was a small-scale industry, made up almost entirely of local landlords who rented out a few houses they bought as investment properties, or perhaps inherited, or held on to after relocating.

But the years since the Great Recession have witnessed a dramatic shift, as Wall Street-backed rental companies moved in to...

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Watch our virtual transportation and economic mobility panel
   June 1, 2021
Ely Portillo

How does the ability to move around our city influence one’s ability to move up the economic ladder?

That was the topic of our second Schul Conversation, a virtual discussion series bringing together experts to discuss different aspects of economic mobility in our region. The panel featured Charlotte’s Assistant City Manager Taiwo Jaiyeoba, UNC Charlotte professor Dr...

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Charlotte’s nowhere near the finish line for its development rules rewrite
   May 12, 2021
Ely Portillo

With straw votes on the controversial elements and the final adoption of Charlotte’s new vision plan looming in the next month, there’s a sense that the city’s reaching a finale in the years-long process of rewriting its development rules.

But adopting the vision plan might end up – surprisingly – being one of the easier parts of the whole process. That’s because after Charlotte City...

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