The Pittsburgh Post-Gazette today has an article about how Charlotte became a banking giant and Pittsburgh fell to number 10.Â On Wednesday, the series will be about why Pittsburghers are moving to Charlotte.Â Iâ€™m already dreading the fourth article in the series (if there is one).Â Iâ€™m guessing it will be: â€œWhere did we go wrong? Charlotte has better weather than Pittsburgh.â€Â Iâ€™m expecting a series next week: â€œProperty price appreciation: Why didnâ€™t it come to Pittsburgh?â€
So Iâ€™m feeling the need to counter it with some positive thoughts about Pittsburgh:
I first found Wetfeet which says:Â
Pittsburgh has 80 percent of the worldâ€™s robotics specialists.
All of the first major organ transplants took place in the Pittsburgh metro area.
Pittsburgh has the worldâ€™s most powerful computer.
Pittsburgh is â€œa successful manufacturing center.â€
Average commute time in Pittsburgh is just over 20 minutes, with nearly half carpooling, taking mass transit, or biking/walking to work.
â€œDonâ€™t be surprised if youâ€™re blown away by the vistas in Pittsburgh.â€
Then I read that â€œthe city hasnâ€™t lost hope in its economic viability.â€ Hmmmâ€¦ maybe they need to do some editing after the Pittsburgh Post-Gazette article.
Then I went to Charlotte:
Commercial banking accounts for more than 20 percent of the growth of Charlotte.Â Itâ€™s manufacturing companies face a â€œsupply gapâ€ and are at a â€œdisadvantage.â€Â Itâ€™s information-related services are â€œlower than the national average.â€Â Itâ€™s software industry has faced â€œdifficult market conditions.â€Â Itâ€™s second to Atlanta in tourism in the area.Â
I have no doubt that Charlotteâ€™s growing.Â My only question is whether it is a one hit wonder.Â With money being more mobile than steel or auto manufacturing, Charlotte may be just one corporate headquarters change away from obscurity.