Charlotte Ranks as the First Most Up and Coming City

Charlotte Ranks as the First Most Up and Coming City

According to a new study by Time Magazine and Yelp, Charlotte ranks as the top city in America for economic opportunity! Are you an aspiring entrepreneur with amazing vision? Choosing Charlotte as the location for your small business makes it more likely to succeed! It’s a compelling reason to go for it and purchase your dream Ballantyne home for sale. Read this article for details on why Charlotte ranks as the first most up and coming city.

The Method

This particular study uses data from Yelp to analyze the 50 biggest cities in the country by economic opportunity. The idea of economic opportunity carries several meanings. However, for the purposes of this report, it is “the chance businesses have to stay open, and for new businesses to thrive.”

In order to figure this out, many data points were considered such as individual business ratings, page visits, search frequency and much more. The results are stunning. Your small business near houses for sale in Ballantyne could be the next biggest hot spot!

The Results

Time Magazine reports that Charlotte is the highest growth area. This is largely driven by success in restaurants, grocery stores, bakeries and other food industry areas. Home services is also a huge boost for the Queen City.

Furthermore, the report lists out rankings according to subcategories to give you more of a detailed snapshot. Some of these subcategories include shopping, food, automotive, health and medical, active life and more. As a highlight, Charlotte ranks no.1 in food, no. 3 in shopping, no. 3 in automotive, no. 4 in health and medical and no. 6 in active life.

The Take-Away

It’s clear that Charlotte is the perfect storm for creative and entrepreneurial minds to thrive. If you are considering relocation and purchasing a home for sale in Ballantyne, call Homes By Cross today. We are Queen City real estate specialists and we would love to help you find home!