News & Updates
Category: Business

Toyota and Mazda Select Huntsville for $1.6 Billion Auto Plant

Intense speculation over a major industrial project for Huntsville’s TVA-certified megasite ended today when Toyota and Mazda executives announced they will jointly build their new $1.6 billion assembly plant in the Rocket City. “This is one of the most sought-after economic development projects in the nation, [more]

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Stats & Facts – Week of December 11, 2017

Read time: 1 minute   November Residential Permits are Up In November, 131 housing units were permitted, a 45.5% increase year over year, when 90 housing units were permitted during the same time period.   This Addition is an “Ace” The City Council approved construction of a new sand volleyball complex at [more]

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November 2017 – Monthly Development Review

Industrial projects and a new shopping center were among the top non-residential building permits issued last month. Residential permits increased year-over-year. Residential Permits (new construction) in Huntsville city limits: In November, 131 housing units were permitted, 90 single- and 41 multi-family. The top tract for building permits [more]

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Stats & Facts – Week of December 4, 2017

Read time: 1 minute   For the kids! It’s not a new tax December 12 is Election Day. On the ballot are renewals of existing school property taxes for Madison County, Huntsville City and Madison City Schools. This represents $58M in funding for local schools.   A new look The City of Huntsville is [more]

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Stats & Facts – Week of November 27, 2017

Read time: 1 minute   Are your skills ready for the future? 375 million workers around the globe might need to switch jobs or update skills by 2030 due to automation, according to McKinsey Global Institute.  The biggest job loss projections are in processing and collecting data and predictable [more]

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October 2017: Monthly Development Review

Office renovations were among the top non-residential building permits issued last month. Residential permits increased year-over-year. Non-Residential Permits Over $100,000 in Huntsville city limits Orange: Contract amount greater than $1 Million Green: Contract amount between $500,000-$999,999 Blue: Contract amount between $100,000-$499,999 Contract amounts are approximated. Data source: City of Huntsville Inspections Department View larger map   Having [more]

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Stats & Facts – Week of November 20, 2017

Read time: 1 minute   Thankful for New Jobs….Welcome to Huntsville, BOCAR! BOCAR, a leading tier-one automotive supplier selected Huntsville for a 230,000 square foot facility. The company will employ up to 400 and invest $115 million. Thankful for Farmers…Let’s talk Turkey The American Farm Bureau Federation reports the average cost [more]

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BOCAR to Add 300+ jobs in North Alabama

BOCAR, a leading Tier 1 automotive supplier, plans to invest $115 million in a new plant to be built in Huntsville in Limestone County. The company will hire more than 300 people, adding to the state’s booming automotive manufacturing sector. BOCAR company leaders made the announcement [more]

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Stats & Facts – Week of November 13, 2017

Read time: 1 minute Downtown Rising @127 Holmes mixed-use project has begun construction in downtown Hunsville. Tenants include Moe’s BBQ, The Standard, Retaggio, and office space. The Wheels on the Bus… Greyhound is now offering service from the Huntsville Transit Facility at 500 Church Street. New Retail The Garage at Clinton Row [more]

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Stats & Facts – Week of November 6, 2017

Read time: 1 minute   Hiya there, Hyatt A 131-room Hyatt Place hotel is coming to Bridge Street, located next to the 244-unit Watermark apartments under construction at the northwest corner of the property. Home is where the permits are In September, 332 housing units were permitted (84 single – and [more]

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