Category: Business
Stats & Facts – Week of February 27, 2017
March 3, 2017
Read time: 1 minute Jobs, Jobs, and well, you know GE Aviation’s plants in Huntsville are on track. Plant 1 will be complete in the summer of 2018 and Plant 2 will open spring of 2019. GE has hired 24 people in Huntsville right now and plans to employ 300 at full production. The International Franchise Association reports the franchising industry could expand by 1.6% in 2017…resulting in a potential increase of some 11,500 [more]
Read MoreStats & Facts – Week of February 20, 2017
February 24, 2017
Read time: 1 minute Gig, gig and more gig Mediacom announced it will launch of 1 Gig speeds in Huntsville, joining Google Fiber, AT&T, and Comcast that have all announced new services. Huntsville’s got the look…and skill Gallup reports Alabama workers are the most engaged workforce in the nation. Gallup classifies employees as engaged when they are “highly involved in and enthusiastic about their work and workplace.” Work Hard, Play Hard Stars and Strikes, an Atlanta-based bowling [more]
Read MoreJanuary 2017: Monthly Development Review
February 13, 2017
A new downtown hotel topped the list of non-residential permits issued last month. Residential permits and CO’s decreased year-over-year. Residential Permits (new construction) in Huntsville city limits: In January, 89 housing units were permitted, all single-family. The top tract for building permits last month was 109.01 (Hampton Cove), where 22 units were permitted. This is a 31.5% decrease over January 2016, when 130 housing units (70 single- and 60 multi-family) were permitted. Residential Certificates of Occupancy (new construction) in [more]
Read MoreStats & Facts – Week of February 6, 2017
February 13, 2017
Read time: 1 minute Housing findings from the 2016 Development Review 1,792 residential dwellings were issued building permits in Huntsville in 2016, up 2.3% over 2015. Single family lots approved increased 42.6% and multi-family increased 124%. Nearly $93 milion in new housing construction was permitted in 2016, up 18.8% from 2015. 3,030 homes were sold in 2016, a new high since records were first tracked in 1983. The average sales price of a home in 2016 was [more]
Read MoreNorth Huntsville Industrial Park Site Earns AdvantageSite Designation
February 10, 2017
Huntsville’s “advantage” in the intense competition for jobs has been its infrastructure, pro-business environment and talented workforce, but now local officials have another tool in the economic development toolbox. Mayor Tommy Battle joined Council Member Devyn Keith, the Chamber of Commerce of Huntsville/Madison County and State economic development officials on Feb. 10 to announce a 67-acre tract in North Huntsville Industrial Park–Phase III has achieved “AdvantageSite Designation” from the Economic Development [more]
Read MoreStats & 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 More