Charlotte-Gastonia Area No.1 in Terms of Economic Strength

POLICOM, an economic research firm specializing in analyzing local and state economies, ranked the Charlotte-Gastonia-Concord area No.1 in terms of economic strength out of 363 metropolitan areas.

POLICOM, which studies the dynamics of local economies, has ranked the Charlotte metropolitan area first in economic strength.  The POLICOM study calculates growth rates, consistency trends, industry averages and other factors for metropolitan and micropolitan areas.

To create its studies, POLICOM annually examines and measures all Metropolitan and Micropolitan areas in the United States when new data is released. It calculates growth rates, consistency trends, industry averages, and other factors for each area. More than one hundred economic elements are measured for multiple time periods. For most of the economic issues, POLICOM ranks the areas to determine relative improvement or decline. When the “smoke clears,” each area is ranked for more than 1,000 issues.