Commercial construction in the Charlotte region sputtered in 2010, but CM Black officials are optimistic for a turnaround in the industry in 2011.
Nationwide, commercial construction in September fell 21 percent from the year before. Construction employment in North Carolina in September totaled 170,400, a decrease of 6.6% from September 2009 and a decrease of 34% from the state’s peak in June 2007. In the Charlotte metropolitan area, that number has dropped 17 percent.
Those numbers may paint a difficult picture, but there may be room for optimism soon. The Wall Street Journal recently reported that construction is expected to increase nationally in 2011, and that growth is expected to be even bigger locally.
A recent article in the Charlotte Business Journal stated that Business Facilities magazine ranks Charlotte No. 5 among large metropolitan areas for economic growth potential and No. 5 among most-wired cities nationwide. North Carolina ranks No. 4 for economic growth potential, fifth in work-force training and sixth in business climate. That could mean the Charlotte area is ripe for a rebound, and CM Black officials are ready to get started.
CM Black has weathered the turbulent economy well, and remains strong. CM Black President Emmitt Black credits his company’s long-standing history and relationships with others as primary reasons for CM Black’s resiliency.
“We’ve seen a lot of ups and downs in the economy since we have been around for 60 years,” he said. “But we know what needs to be done in difficult times. And, we know how to react quickly when things rebound quickly. Our customers have found our experience to be quite valuable in times like these.”
CM Black has many relationships that have lasted more than a decade, and does not need to take drastic measures just for the sake of getting work. Emmitt Black said his company will continue to maintain its reputation as a fair, well-respected corporation.
“You can’t undercut people, that’s just bad for business,” he said. “We know what it takes to get a job done right, and we won’t stray from that. We want to make sure everyone is satisfied with the final product, and that it meets our high standards.”