Category: Business
Stats & Facts – Week of July 24, 2017
July 27, 2017
Read time: 1 minute #1 Business Facilities, a leading economic development publication, ranked Huntsville No. 6 for Economic Growth Potential and No. 1 for Aerospace. Beating the national standard Huntsville Police Department cut the ribbon on its new Criminal Investigations Division. HPD has a clear rate on homicides of 93%…the national, average is 65%. Splash down The newly expanded Huntsville Aquatics Center is now open. The $22M renovation includes three pools and seating for more than 1,400. New [ more ]
Read MoreStats & Facts – Week of July 18, 2017
July 21, 2017
Read time: 1 minute Lyft off at Huntsville International Airport Flying out of Huntsville International Airport? You can now use Lyft for pickups and drop-offs. HudsonAlpha’s impact HudsonAlpha has a $1.85 billion impact to Alabama’s economy in the past decade, according to economists at UAH. Good news for real estate The Huntsville real estate market experienced a record Q2 in 2017, with 2,006 homes sold, according to the Alabama Center for Real Estate. Home sales rose 13% [ more ]
Read MoreStats & Facts – Week of July 10, 2017
July 12, 2017
Read time: 1 minute Talk about impact Spending by nonprofit arts and cultural organizations in Huntsville/Madison County and their audiences totaled $89.9 million. Arts & culture events The dollar amount for total attendance for events held by local arts and culture nonprofits totaled 1.5 million. Average spending per person was $24.01 All about those jobs Local arts and cultural nonprofits supported 3,073 jobs. Helping our communities Arts generated more than $6 million in local and state government revenue. Kudos to [ more ]
Read MoreJune 2017: Monthly Development Review
July 12, 2017
Two new shopping centers topped the list of non-residential permits issued last month. Residential construction remained roughly the same year-over-year. Residential Permits (new construction) in Huntsville city limits: In June, 150 housing units were permitted, 110 single- and 40 multi-family. The top tract for building permits last month was 212 (Greenbrier), where 36 units were permitted, all multi-family. This is a 1.35% increase over June 2016, when 148 housing units (107 single- and 41 multi-family) [ more ]
Read MoreBlue Origin Selects Huntsville for New BE-4 Production
June 26, 2017
New 200,000 square feet facility to locate in Cummings Research Park — Blue Origin announced plans to manufacture its BE-4 engine in a state-of-the-art production facility to be built in Huntsville, Alabama — the Rocket City. The new facility will be in Cummings Research Park, the nation’s second-largest research park, and construction can begin once an engine production contract with United Launch Alliance is awarded. The BE-4 is America’s next rocket engine [ more ]
Read MoreStats & Facts – Week of June 19, 2017
June 22, 2017
Read time: 1 minute Welcome to the Rocket City Cavender’s, a Tex.-based western wear store, is opening its first Alabama location in Huntsville. Totally solid Area Development awarded Alabama a Silver Shovel for solid business recruitment and support in 2016. American jobs America has 5.7 million job openings. That’s close to the record number of openings reported by the Labor Department since it started tracking in 2000. The U.S. had an all-time high of 5.9 million openings [ more ]
Read MoreStats & Facts – Week of June 12, 2017
June 15, 2017
Read time: 1 minute A banner year for tourism 2016 tourism had the highest economic impact for Huntsville/Madison County at $1.19 billion…a 4.9% increase over 2015’s level. Visitors like us…they really like us There were 3.1 million visitors to Huntsville/Madison County in 2016, up from 2.9 million in 2015. Moving on up Madison County ranked third for most visitors. Tourism’s significant local impact Tourism supported 15,413 jobs, accounting for 8.58% of total employment in Huntsville/Madison County. Top attractions 657,000 people visited [ more ]
Read MoreMay 2017: Monthly Development Review
June 12, 2017
Construction projects at Fern Bell Park and in Jones Valley were among the top non-residential permits issued last month. Residential construction increased year-over-year. Residential Permits (new construction) in Huntsville city limits: In May, 115 housing units were permitted, 109 single- and 6 multi-family. The top tract for building permits last month was 109.01 (Hampton Cove), where 29 units were permitted. This is a 13.9% increase over May 2016, when 101 housing units (all single-family) were permitted. Residential Certificates [ more ]
Read MoreStats & Facts – Week of June 5, 2017
June 8, 2017
Read time: 1 minute GATR Expands GATR Technologies broke ground on a facility in Cummings Research Park. The 63k sq. ft. facility will double its footprint. This represents a $7.5M investment. More Growth Huntsville is now the third-largest city in Alabama, reports the U.S. Census. Its population stands at 193,079. Since 2010, the City has added 12,974 residents for a 7.2% population growth. Apple App Development Initiative The Alabama community college system is one of six selected [ more ]
Read MoreStats & Facts – Week of May 29, 2017
June 2, 2017
Read time: 1 minute Source: Data below is from the Alabama Department of Commerce’s recently released New and Expanding Industry Report for 2016 Jobs, jobs, jobs Alabama announced 14,707 new jobs and $4.2 billion in capital expenditures (CAPEX) in 2016. Local jobs and capital expenditures In Huntsville, there were 1,970 jobs and $248 million in capital expenditures announced. Largest new employer In 2016, Woodbridge was the largest new employer in Huntsville with 164 jobs. Much love for Boeing Overall, Boeing [ more ]
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