View Single Post
  #527  
Old Posted Feb 13, 2019, 4:38 AM
Matthew's Avatar
Matthew Matthew is offline
Be Happy!
 
Join Date: Feb 2002
Location: Johns Creek, GA (Atlanta)
Posts: 2,819
Prepare yourself for this: BB&T only has 2,134 jobs in all of Forsyth County! A number that includes branch employees in the suburbs. Wells Fargo has more employees in Winston-Salem. BB&T has around four office buildings in Winston-Salem and only two of those buildings are downtown. They just purchased Republic Mutual Insurance's downtown HQ a year or two ago and won't renew any of the existing tenants' leases. They have never built anything in Winston-Salem and actually have fewer employees than they had just a few years ago. The merger is expected to increase the number of jobs to a number as low as 3,000 and maybe high as 13,000, depending on who you talk to. The part of the bank with the highest employment will be based in downtown Winston-Salem. If the merger adds thousands more jobs to downtown Winston-Salem, it's a win for both N.C., cities and could further add to the projects posted in this thread. There is already talk of a housing boom from Atlanta residents moving to Winston-Salem next year.

It doesn't seem like it was that long ago, when downtown Winston-Salem had the nation's 11th and 12th largest banks, side-by-side, on Second Street.

This was once one of the nation's wealthiest and fastest growing cities. The fastest growing in the south (by %) at one point. In 1920, when Winston-Salem was side-by-side with Detroit on the Census' top ten list of fastest growing cities (by %), there was a flood of wealthy businessmen from across the country wanting to buy and invest in the city. Though the city was gaining national attention for population growth, factories were creating more jobs than the number of people moving here. It led to companies poaching employees, unions, and wage wars. Business leaders invested in the best hospitals, parks, schools, etc., in the southeast, in both white and black neighborhoods, to make the city more attractive for workers and there was a desire to be world class, as a showplace. Businesses would take trains into neighboring states, promising jobs to anyone who boarded the train. Around 1927, some of the city's prominent businessmen had a plan to reduce the number of companies moving to the city and try to retake control. Later, the company that became mega-conglomerate RJR Nabisco (once #14 on the Fortune 500) would threaten to move their headquarters, if city leaders attempted to bring other large employers to the area. In the 1920s, city leaders thought Winston-Salem could become "THE" major city in the southeast and had little reason to doubt it could happen, but those are just two of the many actions that prevented it from happening.


Saved file - Unknown?

Notice that Winston-Salem's population density in the early 1920s was close to 7,000 ppsm. Two-to-three times higher than the other sizable cities in the state at that time. I think it peaked at around 7,500 ppsm. I think value of factory products peaked at #22 a few years later? The port was a massive International Rail Port, created through an act of Congress, with heavy trade between Winston-Salem and Europe and the Middle East. The rail port was located where the second phase of downtown's IQ District is planned, today. It had bridges and tunnels over and under it. It also had staging areas (where trains wait to enter and leave the port), which acted as mini-ports, near WSSU and Smith Reynolds Airport. The airport was multi-modal before that became a thing.

Quote:
Originally Posted by UNC Library (1923)
WINSTON-SALEM--"The State's Largest City"
Winston-Salem, embracing 11 square miles with 7,040 acres of land, is the first in the State in population and third in area. In all lines of civic development the city is equipped for a city of 100,000 population. OUTSTANDING FACTS-- Winston-Salem, with an altitude of 1,000 feet, is the highest of the larger Piedmont cities. The annual mean temperature is 57.8 degrees. The property valuation is $110,170,505 with a tax rate of 95c. The 1923 facts follow: Municipal improvements, $2,224,400; total city revenue, $2,221,420; Post Office receipts, $310,405; banking capital, $2,920,399; resources, $41,970,333; deposits, $35,829,907. There are 7 building and loan associations. Winston-Salem has two large impounding lakes with a storage capacity of 1,000,000,000 gallons, while the daily consumption is only 7,000,000 gallons. There are 179 miles of water mains, 179 miles of sewer main, 90 miles each of paved streets and side-walks. CIVIC FACTS--Winston-Salem has an excellent Country Club and golf course. The best polo field in the State is here, as well as the largest baseball grounds and buildings. RESORTS--Hanging Rock includes 9,000 acres of fine mountain scenery. The Methodist Protestant Church is erecting a modern summer assembly plant here, capable of entertaining 400 guests. Roaring Gap has an altitude of 3,000 feet and embraces 3,000 acres. A modern summer resort with all amusements and a large lake is being developed here. Moore's and Piedmont Springs are noted resorts nearby. INDUSTRY-- Winston-Salem is pre-eminently an industrial city, ranking in the forefront of the large cities of the country in value of factory products. From an industrial standpoint Winston-Salem leads all the Southern cities except Baltimore, in the value of factory products. Winston-Salem ranks 37th in the United States in the value of factory products. She produces $41,000,000 more than Los Angeles, Cal.; $87,000,000 more than Atlanta, Ga.; $65,000,000 more than Fall River, Mass.; $75,000,000 more than the combined production of Richmond and Roanoke, Va. The Southern Railway handles more freight at Winston-Salem than is handled from any other point on its entire system. Winston-Salem pays the Federal Government over $100,000,000 Internal Revenue Tax annually and is the seventh largest Port of Entry in the United States, notwithstanding it is 200 miles inland. OPPORTUNITY-- Winston-Salem's past and present accomplishments are great, but there are still unlimited possibilities here. The Winston-Salem Real Estate Board will be glad to show them to you. Winston-Salem is the largest industrial city south of Baltimore. Here are located the largest blanket factory in the South, the largest factory in the United States for manufacturing men's knit underwear, and the largest bedroom furniture factory in the State. Winston-Salem has the largest tobacco factory in the world and is the second largest market for leaf tobacco in the State.
__________________
My Diagram.
Reply With Quote