I’m pretty sure that he is right on that one too.

So after you read through the article remember that NuCor is headquartered here.

“It is important to note that our economy remains diverse. While banking is the leading sector, ours is not a one-industry town. Manufacturing, transportation, health care, motorsports, tourism and many thriving small businesses drive our economy. And with Bank of America’s recent purchase of Merrill Lynch, we remain the second-largest banking center in the United States, behind New York City and ahead of San Francisco.”

Original article at Charlotte Business Journal.

very cool post. taking all your points, banking is still so very important in Charlotte in present day. I think we are getting closer to where we need to be in regard to economic diversity, but even if we only looked at Bank of America, their revenue (117 mil) is more than all the rest of the Fortune 1000 companies (13 total) in greater Charlotte combined. The banks are the main reason Uptown Charlotte has changed so dramatically over the past 15 years. They have driven much of the growth and infrastructure that we see today.

That being said, there is also Nascar, the new research campus, J&W, growth in tourism and as a convention city, and many emerging industries (that you detailed very well) that are helping diversify our economy. I hope this trend speeds up however. The state, city, and region need to invest more in emerging industries as they are with the research campus. We should become leaders in green energy for one. But I see little in that direction currently.