Category: Business
Stats & Facts – Week of January 30, 2017
January 30, 2017
Development Projects IBM will build a $62 million cloud data center at Redstone Arsenal. Arora Properties is investing $22 million for a mixed-use project featuring 40,000 SF of retail including three new-to-Huntsville restaurants. Possibilities Envision Genomics of Huntsville made the first cutoff Alabama Launchpad. Consumer Confidence The National Federation of Independent Business NFIB Confidence Index jumped to 105.8, the highest since 2004, due to more upbeat views about the outlook for sales and the economy. Pet Lovers Americans [ more ]
Read MoreAerojet Rocketdyne Announces AR1 Engine Production and 100 New Jobs
January 30, 2017
Aerojet Rocketdyne announced late Monday it will move forward with plans to produce the AR1 rocket engine in Huntsville, resulting in the creation of 100 new jobs. “With our rich history in the space program, Marshall Space Flight Center’s role as NASA’s propulsion hub, our smart workforce and active industry base in the R&D sector, Huntsville is ideally suited to manufacture this advanced rocket engine,” said Mayor Tommy Battle. “We look [ more ]
Read MoreUrban Revitalization Brings New Development to Memorial Parkway
January 27, 2017
The Huntsville City Council approved a development and annexation agreement at its regular meeting on Jan. 26 with Arora Properties, LLC, in support of a new $22 million dollar commercial retail development at 2615 Memorial Parkway. The complex will be built across the street from Whole Foods in Merchant’s Square. The development will include 41,500 square feet of commercial space and will offer three restaurants, new to the market. The City [ more ]
Read MoreStats & Facts – Week of January 11
January 11, 2017
Stats & Facts is a weekly series covering City of Huntsville economic development announcements, relevant national and regional statistics that could impact the Rocket City region and informational nuggets that span industries. It is compiled by Business Relations Officer Harrison Diamond. Read time: 1 minute Celebrity Burgers CityCentre held a groundbreaking in downtown Huntsville. It was also announced that Wahlburgers (Think: Celebrities Mark & Donnie Wahlberg), is the first tenant. On the Up & [ more ]
Read MoreCouncil Approves Amendments to Mid City Development Agreement
December 30, 2016
The Huntsville City Council voted 5-0 at a special called meeting Dec. 29 to approve changes to a development agreement with RCP Company for the new Mid City development near University Drive and Research Park Boulevard. The $350 million project, a multi-use redevelopment of Madison Square Mall by RCP Company, LLC, is moving faster than expected, according to the City’s Urban Development Director Shane Davis. The amendments set the stage for [ more ]
Read MoreInnovate Huntsville 2017 set for Feb. 27-March 3
December 13, 2016
Mayor Tommy Battle announced the second annual Innovate Huntsville 2017 will take place on February 27 – March 3. The week is dedicated to bringing entrepreneurs, local resources and innovators together to build momentum and opportunity around Huntsville’s unique entrepreneurial identity. Innovate Huntsville 2017 provides collaboration and celebration of all things entrepreneurial and serves as a culmination and outreach of the entrepreneurial ecosystem. It will feature events, panels and social activities, including the [ more ]
Read MoreDevelopment Review: November 2016
December 2, 2016
Office and industrial projects topped the list of non-commercial building permits in November. Residential permits were down year-over-year, while Certificates of Occupancy (COs) increased. Residential Permits (new construction) in Huntsville city limits In November, 82 housing units were permitted, 77 single- and 5 multi-family. The top tracts for building permits last month were 106.12 (72 West) and 109.01 (Hampton Cove), where 16 units were permitted each, all single-family. This is a 43.4% decrease over November 2015, when 145 [ more ]
Read MoreSears Store at Madison Square Mall to Relocate
November 18, 2016
The City of Huntsville and Sears are pleased to announce they have reached an agreement to relocate the company’s Madison Square Mall store to a new location within the Huntsville market, paving the way for the redevelopment of the former Madison Square Mall property. Sears willingness to relocate its Huntsville operations fully supports the City’s Research Park East Urban Renewal and Redevelopment Plan, which was adopted by the City Council this [ more ]
Read MoreHousing Expo Offers One Stop Shop for Entry Level Homeowners and New Renters
October 19, 2016
The City of Huntsville’s Community Development Department is hosting a Housing Expo on Saturday, November 12, from 9 a.m. to 1 p.m., in the Stone Event Center at Campus No. 805, 2620 Clinton Avenue West. This half-day event, free to the public, will provide valuable information and guidance for current and potential renters and homeowners in the Huntsville area. More than 100 exhibitors will be on hand to answer questions and offer [ more ]
Read MoreAUSA Annual Meeting Offers Window into Huntsville’s Future
October 5, 2016
Huntsville’s business and elected leaders traveled to Washington, DC, Oct.3-5, to participate in the annual meeting of the Association of the U.S. Army (AUSA). This event is the country’s largest gathering of Army officials, defense companies, and congressional staffers. It covers two of Huntsville’s primary economic development target markets – aerospace and defense – providing a rare opportunity to meet with key decision makers in industry and government all in [ more ]
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