We are experiencing low unemployment in the Charlotte area. Corporations continue to move operations to the Charlotte area to take advantage of the low cost of living, favorable climate, and friendly environment-all of which make it easier to relocate their key employees here. Bank of America's headquarters are here, Wachovia is here, TIAA-CREF is here, Billy Graham Ministries is here, Philip Morris is here, Microsoft has a large campus, Google is building a server farm, on and on. We're currently the second largest financial center in the country, so the banks and affiliated businesses are a large part of our employment district.
The medical field is also growing by leaps and bounds, due in large part to the growing population of empty nesters and retirees in the area.