The Auto Channel
The Largest Independent Automotive Research Resource
The Largest Independent Automotive Research Resource
Official Website of the New Car Buyer

Wachovia Championship, Coca-Cola 600 Bookends for Truly 'A-May-zing' Month in Charlotte USA

16-County Region Bursting With Activity, Initiatives Pointing To Vibrant Future

CHARLOTTE, N.C., May 2 -- Beginning with the Wachovia Championship May 2-8 and wrapping up with the Coca-Cola 600 May 29, there's only one way to describe the next four weeks in Charlotte USA:

A-May-zing!

The PGA TOUR stop at Quail Hollow Country Club and NASCAR racing at Lowe's Motor Speedway will showcase the region to millions of television viewers around the globe. But even without those marquee events, there are plenty of reasons to be excited about being in Charlotte USA, the 16-county region of North Carolina and South Carolina with Charlotte, N.C., as its hub.

"As a region, Charlotte USA is proud to serve as host to these great events and welcomes the opportunity to show golf and racing fans what true Southern hospitality is all about," said Kenny McDonald, senior vice president of the Charlotte Regional Partnership, the premier regional economic development organization that markets Charlotte USA on behalf of its 16 member counties. "But we're just as excited about all of the ongoing activity that will enhance our region's quality of life on a long-term basis and make Charlotte USA even more attractive as a location for both new and expanding businesses."

May will be a busy month for the Partnership, which will be using events such as the Wachovia Championship and the NASCAR Nextel All-Star Challenge to host key business location consultants and relocation prospects and to educate them about the Charlotte USA region's unique balance of business strength, accessibility and quality of life. Key partners, including Duke Power, BellSouth, Time Warner Cable, Bank of America, and Speedway Motorsports make it possible for the Partnership to use these events to host clients.

McDonald points to a baker's dozen of exciting things both large and small that help make this an a-May-zing month in Charlotte USA:

   - A local group spearheading efforts to bring the NASCAR Hall of Fame to
     Charlotte is putting the finishing touches on its bid, due to NASCAR by
     May 31. The group has selected a site and hired the world renowned
     architectural firm of I.M. Pei to design the project, which could yield
     an estimated $100 million economic impact and bring 400,000 visitors a
     year.
   - Charlotte is hopping with film industry activity in May, with "Walker,"
     a major motion picture, currently shooting episodes in several
     Charlotte USA counties, according to the Partnership's film recruiting
     office. And the Charlotte USA logo will make a cameo appearance in an
     episode of the WB Network drama, "One Tree Hill," which features scenes
     shot on location at Lowe's Motor Speedway. The episode is scheduled to
     air at 9 p.m. EDT, Tuesday, May 3.
   - The Partnership is preparing to host three or four German companies
     over the next two months, the direct result of a European business
     recruiting mission April 11-21. The Partnership's efforts to spur
     foreign firms to bring new jobs and investment to Charlotte USA are one
     reason the region leads the U.S. in foreign-firm growth and now is home
     to manufacturing, U.S. headquarters offices, and other facilities of
     165 German companies. Additionally, a group of nine smaller German
     companies seeking partners in the U.S. market are slated to visit this
     week.
   - Alerting all "foodies": On May 19, the inaugural class of freshmen at
     Johnson & Wales University completes its first academic year at the
     culinary school's location in the sparkling Gateway Village complex,
     putting the budding chefs one year closer to graduating and going forth
     to create great new restaurants in Charlotte.
   - The NBA Charlotte Bobcats, coming off a modest 18-64 inaugural season,
     are looking forward to the May 24 NBA draft lottery with unbridled
     glee, since the team is guaranteed two of the top 14 picks and could
     wind up with two of the top three in the June 28 draft. Rookies will
     join the old hands in the Bobcat's stunning new $265 million uptown
     arena in October 2005.
   - On May 7-8, USA Canoe/Kayak's directors meeting in Charlotte get a
     progress report on the new U.S. National Whitewater Center being built
     by a private group on a 307-acre site near the Catawba River. The
     artificial river with re-circulating rapids will be the official home
     of the U.S. Whitewater Slalom Team and will host Olympic trials, World
     Cup competitions, and other events in addition to being open to the
     public most days. Opening is set for spring 2006.
   - It's unofficial and unscientific, but our Charlotte USA Crane Index
     might just hit a new high point in May. Construction cranes are
     shooting skyward everywhere, from the NBA Charlotte Bobcats' new uptown
     arena to the mixed-use high-rise on the site of Charlotte's old
     convention center to the continuing expansion of SouthPark Mall.
   - By the end of the month, Crate & Barrel should be close to opening its
     210,000-s.f. distribution center in the Lincoln County (N.C.)
     Industrial Park. Charlotte USA is the clear choice for distribution
     facilities like Crate & Barrel's: Within a day's drive of more than
     half of the U.S. population and convenient to three major East Coast
     ports, the region is the distribution hub for the nation's fifth-
     largest urban center.
   - In its May issue, Site Selection magazine singles out Charlotte USA
     community Mooresville, N.C., and its Mooresville-South Iredell Chamber
     of Commerce as one of the Top 10 local development groups in North
     America. Just two months ago, the Mooresville-Statesville area was
     named the No. 1 "Micropolitan area" in the U.S. The Partnership works
     closely with Mooresville and other local economic development
     organizations in the 16-county region to promote quality jobs and new
     investment.
   - Following through on its March announcement, Curtiss-Wright Controls
     continues to migrate highly skilled engineering talent from its former
     headquarters in New Jersey to Gastonia, where the aerospace firm is
     creating a new technical center of excellence. The Curtiss-Wright Corp.
     subsidiary is one of nearly 300 of the Fortune 500 with facilities in
     Charlotte. Nine of the Fortune 500 have their corporate headquarters in
     the Charlotte USA region, including Charlotte-based Bank of America,
     the No. 2 bank in the country and anchor of the nation's second-largest
     financial center.
   - The Wachovia Championship is quickly establishing itself as one of the
     great stops on the PGA TOUR and a fan favorite (sold out three years
     running). In addition to the TV coverage that will beam images of
     Charlotte's springtime beauty to more than 140 countries worldwide, the
     tournament is expected to generate an estimated $40 million to $45
     million in economic activity and related spending for the region from
     the 200,000 fans expected to attend.
   - Race Weeks:  The NASCAR Nextel All-Star Challenge race will take place
     May 21, followed by the Coca-Cola 600 May 29, both at Lowe's Motor
     Speedway in Concord.  The Charlotte USA region is home not only to one
     of NASCAR's premier venues, but serves as home base to more than 90
     percent of NASCAR racing teams and claims more than $3.9 billion of the
     estimated $5 billion in motorsports spending in North Carolina.
   - Last but not least, the May forecast calls for Charlotte weather!
     (Average highs for early May in the mid-70s; average number of sunny
     days per year, 214.)

  About the Charlotte Regional Partnership

The Charlotte Regional Partnership is a nonprofit, public/private economic development organization created in 1991 to market and promote the Charlotte region as a highly competitive location for new and expanding businesses. The Charlotte region encompasses 16 counties in North and South Carolina, surrounding the City of Charlotte.