The second biggest banking center in the country behind New York, Charlotte is home to Bank of America (, and hosts offices for )Citi (, )Ally Financial (, )JPMorgan Chase ( and )Wells Fargo (. )
And new jobs are being created, many through spin-offs of these financial behemoths, said John Connaughton, Babson Capital Professor of Economics at University of North Carolina Charlotte.
He said many former employees of the big banks have founded financial consulting firms and other small financial services businesses.
But don't think that the area is solely about suits and money. NASCAR has multiple offices in the area as well.