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Drop in per capita income doesn’t surprise some Charlotte officials (access required)

By Sam Boykin When news came out last week that the Charlotte metro region’s personal income per capita dropped from $39,621 to $37,372, Tom Flynn wasn’t surprised. “We lost a lot of high-paying jobs in the financial sector,” said Flynn, the city’s economic development director. “And the manufacturing base has been hit really hard in this area. That’s a lot of income to take out of the local economy.” Workers in the Charlotte metro region made on average $2,248 less last year compared with 2008, according to a new report by the Washington, D.C.-based U.S. Bureau of Economic Analysis. The 5.7 percent drop means the Charlotte metro area saw the second-biggest decline in per capita income in the country, behind only Las Vegas, which saw a 6.2 percent decline.

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