The business center is located in Ayrsley, in a beautiful new building in one of Charlotte's newest and fastest growing areas. Charlotte has become a major America finance center and is the country's second largest banking center after New York City. It is home to the largest financial institution in the US, Bank of America, and is in the process of becoming the HQ for the East Coast Operation of Wells Fargo. This city is going through a tremendous period of growth and construction. The region has around 250 energy companies employing more than 26,000 people, and has become known as the New Energy Capital. The University of North Carolina at Charlotte is becoming renowned for its energy, education and research. Charlotte is also a major motorsports center and home to NASCAR and its Hall of Fame. A number of Fortune 500 companies and other major companies are also based here.