The Greensboro economy and the surrounding Piedmont Triad area traditionally have been centered around textiles, tobacco, and furniture. Greensboro‘s central proximity in the state has made it a popular place for families and businesses, as well as becoming more of a logistics hub, with FedEx having regional operations based in the city.
Notable companies headquartered in Greensboro include the Honda Aircraft Company, HAECO Americas, ITG Brands, Kayser-Roth, VF, Mack Trucks, Volvo Trucks of North America, Qorvo, the International Textile Group, NewBridge Bank, The Fresh Market, Cook Out, Ham’s, Biscuitville, Fusion3, TIMCO, Tripps, Wrangler, and Columbia Forest Products. Greensboro is a “center of operations” for the insurance company Lincoln Financial Group. Greensboro is also headquarters to the Atlantic Coast Conference.
Greensboro City leaders have been working to attract new businesses in the nanotech, high-tech, aviation and transportation/logistics sectors. The University of North Carolina at Greensboroand North Carolina A&T State University opened a joint research park, Gateway University Research Park.
Greensboro is located in the central region of the state and was awarded with the title “All-American City” four times since 1962. The city of High Point, which is nearby, shares a regional airport with Greensboro. Major highways including interstates 40 and 85 pass through the center of Greensboro connecting it with many other cities in North Carolina as well as neighboring states South Carolina and Virginia. In fact, there are no less than seven major roads that cross right through the heart of Greensboro providing easy access all across this great city. Furthermore, within a couple of miles from downtown you’ll find 14 colleges and universities a variety of options to students who are looking for university life.
The city can boast of having a low unemployment rate, high median income and very affordable housing costs. Greensboro is home to three colleges and universities with Guilford College, University of North Carolina Greensboro and Bennett College all offering quality educational opportunities. The Greensboro-High Point area has seen significant growth in the past decade adding an additional $200 million to the economy each year through spending on new homes new businesses and other projects. The relationship between planning groups, local leaders and citizens has helped guide this area into becoming one of the most desirable locations to live in North Carolina. According to reports from the US Census Bureau the city is growing at an accelerated pace making it increasingly important that people understand why living Greensboro could be a great choice.
According to the US Census Bureau Greensboro ranks in the top 10th percentile of all cities in the United States for its ability to attract business and industry, proving once again that residents can count on strong leadership when it comes improving the economy. After losing jobs during the economic crises of 2008 Greensboro has made aggressive efforts at diversifying its industries while promoting growth resulting in an estimated $200 million increase each year. The city also boasts over 600 retail outlets that produce more than $4 billion dollars every year. To top it off Greensboro is home to Piedmont Triad International Airport which sees many visitors arrive each year making this city for people looking for new employment opportunities especially in the field of aviation.