Category: Business
Stats & Facts – Week of May 15
May 17, 2017
Read time: 1 minute Home sales on the rise Huntsville home sales in Q1 rose 11% over 2016’s first-quarter sales, representing 1,410 homes sold. This was 32 units shy of the 2007 first-quarter peak of 1,442 homes and 60% higher than the 2011 low of 879 units. Property values increasing The median sales price in Huntsville rose to $179,154, a 5% increase from 2016. And our homes are selling FAST Homes sold in Huntsville during Q1 spent [ more ]
Read MoreApril 2017: Monthly Development Review
May 14, 2017
A new family entertainment center was among the top non-residential permits issued last month. Residential permits decreased, while CO’s doubled year-over-year. Residential Permits (new construction) in Huntsville city limits: In April, 101 housing units were permitted, all single-family. The top tract for building permits last month was 109.01 (Hampton Cove), where 23 units were permitted. This is a 60.4% decrease over April 2016, when 255 housing units (83 single- and 172 multi-family) were permitted. Residential Certificates of Occupancy [ more ]
Read MoreStats & Facts – Week of May 8
May 12, 2017
Read time: 1 minute Bring on the ‘Q Birmingham-based BBQ restaurant Jim & Nick’s announced it is expanding to Huntsville. Avenue Announcements Raleigh-based Scout & Molly’s Boutique will open a location at The Avenue in Downtown Huntsville. It will be joined by Soda Jerk!, a modern spin on the soda fountain concept. DoD news The U.S. Department of Defense is funding diversification assistance to small businesses that support DoD operations in Huntsville. Visit almsf.org for more information. Good [ more ]
Read MoreStats & Facts – Week of April 24, 2017
April 27, 2017
Read time: 1 minute Congratulations are in order Huntsville-based Line-X was awarded medium-sized manufacturer of the year by the Business Council of Alabama. #ThisPlaceMattersHsv Huntsville West was the first recipient of the City of Huntsville’s Historical Preservation awards program called #ThisPlaceMattersHsv. 10,000+ The City of Huntsville’s Huntsville Connect service request program crossed a major milestone with more than 10,000 cases closed. Ready, set, game on The 2018 Alabama State Games will be in Huntsville for the next two years. [ more ]
Read MoreStats & Facts – Week of April 17, 2017
April 20, 2017
Read time: 1 minute Aw, it’s so cute. And tiny. Washington Street Park – the City’s first micro park – is open. The park is located at the end of the alley behind UG White and Pints & Pixels. Welcome, PCI Aviation! The Poarch Band of Creek Indians has established PCI Aviation, a government contracting firm supporting Army Aviation. More hotel rooms Town Place Suites at Redstone Gateway is open. The $12 million hotel is owned by [ more ]
Read MoreMarch 2017: Monthly Development Review
April 12, 2017
Topgolf and a new restaurant at Bridge Street Town Centre were among the non-residential permits issued last month. Residential permits decreased, while CO’s increased year-over-year. Residential Permits (new construction) in Huntsville city limits: In March, 135 housing units were permitted, 99 single- and 36 multi-family. The top tracts for building permits last month was 212 (Greenbrier), where 40 units were permitted, 4 single- and 36 multi-family. This is a 22.4% decrease over March 2016, when 174 [ more ]
Read MoreStats & Facts – Week of April 10, 2017
April 12, 2017
Read time: 1 minute We’re focused on jobs. Aerojet Rocketdyne is adding 700 jobs in Huntsville to develop, manufacture, and manage next-generation rocket engines. Publix expansion Publix is continuing to expand in Huntsville. It will anchor the recently announced Shoppes at Redstone Square with plans to open in August 2018. A space-themed brewery? YES PLEASE. A new microbrewery is planning to open in the area near Campus No. 805. InnerSpace will be space-themed and open next to [ more ]
Read MoreStats & Facts – Week of April 3, 2017
April 6, 2017
Read time: 1 minute Huntsville area’s growth Alabama’s population could increase by 500,000 by 2040, says The University of Alabama. In the Huntsville Metro, Madison County could grow to 451,043 from 334,811 and Limestone County could grow to 126,617 from 82,782. The Huntsville Metro grew by 15 people a day from 2015-2016, according to new Census data. Big congrats The Ed Mitchell International Intermodal Center at Huntsville International Airport celebrated 30 years of cargo transport. Chocolate bakery? [ more ]
Read MoreStats & Facts – Week of March 27, 2017
March 31, 2017
Read time: 1 minute Cali to Hsv Arete, a CA-based tech company, is establishing a Huntsville presence. More beer Yellowhammer Brewing is planning a $1.2 million expansion to include added production space, a distillery, event, and a Biergarten. We’ve got space The global space industry is estimated to be approximately $324 billion, with the U.S. space industry approximately $125 billion. Investment in space ventures has attracted over $13.3 billion since 2000. And Bikes Downtown BlueBikes, a bike-share program operated [ more ]
Read MoreMayor Battle Proclaims March 30 Women Owned Business Day
March 30, 2017
Huntsville Mayor Tommy Battle joined the Women’s Business Council in proclaiming March 30 as Women Owned Business Day. The proclamation reading took place at PALCO, a company in South Huntsville owned by Janice Migliore, and included a host of women business leaders from across the city. “We are seeing remarkable growth in the number of women taking the helm, starting businesses, and running their own companies,” said Mayor Battle. “These women have [ more ]
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