Category: Business
City of Huntsville heads to market
February 21, 2018
In a special session Wednesday afternoon, Huntsville City Council approved the sale of a series of general obligation warrants valued at approximately $131 million. The monies will be used to fund a series of public improvement projects in Huntsville’s capital plans and to help finance incentives for the Toyota-Mazda project. “Every borrow is carefully budgeted and planned,” said Peggy Sargent, Finance Director. “We are always looking at the budget, to look at [more]
Read MoreJanuary 2018 – Monthly Development Review
February 18, 2018
New office spaces in Research Park were the top non-residential building permits issued last month. Residential permits and CO’s grew year-over-year. Residential Permits (new construction) in Huntsville city limits: In January, 94 housing units were permitted, all single-family. The top tract for building permits last month was 109.01 (Hampton Cove), where 17 units were permitted. This is an 11.9% increase over January 2017, when 84 housing units (all single-family) were permitted. Residential Certificates of Occupancy [more]
Read MoreHuntsville Earns “Straight A” Financial Report Card
January 26, 2018
For the 10th straight year, two of the nation’s top credit rating agencies assigned the City of Huntsville their highest scores. Standard & Poor’s Rating Services awarded Huntsville a rating of “AAA” and Moody’s Investors Service awarded a rating of “Aaa,” each company reaffirming their prior ratings for the 10 years since Mayor Tommy Battle has been in office. Triple-A is the highest mark a city can achieve and are awarded to [more]
Read MoreStats & Facts – Week of January 22, 2018
January 26, 2018
Read time: 1 minute Home Sales Ending on a High Note 569 homes sold during December 2017. That is a 34% increase over December 2016. We’ve got a tool for that Northern Tool + Equipment will open its newest Alabama location in Huntsville on Governors West. A Hub for HUBZone Companies The Catalyst announced the creation of a new accelerator for HUBZone. More Unicorns than at ComiCon In 2017, 57 startups around the world reached unicorn status with a [more]
Read MoreDecember 2017 – Monthly Development Review
January 23, 2018
New retail buildings at Redstone Gateway were the top non-residential building permits issued last month. Residential permits and certificates of occupancy (CO’s) decreased year-over-year. Residential Permits (new construction) in Huntsville city limits: In December, 70 housing units were permitted, all single-family. The top tract for building permits last month was 112 (Martin-Zierdt), where 15 units were permitted. This is a 38.6% decrease over December 2016, when 114 housing units (78 single- and 36 multi-family) were [more]
Read MoreStats & Facts – Week of January 15, 2018
January 19, 2018
Read time: 1 minute That’s a lot of engines Toyota Motor Manufacturing Alabama built nearly 700,000 engines in 2017, which is six times the number it produced when the plant opened in 2003. #FlyHsv United Airlines is increasing flights between Huntsville and Denver, Chicago and Washington/Dulles. Additional service begins in June. Go farther on less The fuel economy of new U.S. cars and trucks hit a record 24.7 mpg in the 2016 model year, according to the [more]
Read MoreHuntsville Signs Toyota-Mazda Development Agreement
January 17, 2018
With the stroke of a pen, Mayor Tommy Battle and members of Huntsville’s economic development team gathered in City Hall today to sign a development agreement that contractually “seals the deal” for Toyota-Mazda’s $1.6 billion manufacturing plant to be built on the City’s megasite. Execution of the agreement with the global automotive giants requires approval by City Council, which occurred last Thursday night, and final signatures from Mayor Battle, Limestone County [more]
Read MoreToyota and Mazda Select Huntsville for $1.6 Billion Auto Plant
January 10, 2018
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, and likely the biggest of the decade,” said Mayor Tommy Battle. “It’s a $1.6 billion investment, 4,000 new jobs, $200 million in annual payroll. This [more]
Read MoreHuntsville lands $1.6 billion Toyota-Mazda manufacturing plant
January 10, 2018
The TVA-certified megasite in Huntsville-Limestone County will be the future home for a new automotive manufacturing plant as part of a coveted $1.6 billion investment between Toyota Motor Corporation and Mazda Motor Corporation. Toyota and Madza ended a five-month national competition over their site selection for the joint venture at a news conference today in Montgomery. Toyota President Akio Toyoda and Madza President and CEO Masamichi Kogai joined Governor Kay Ivey, [more]
Read MoreStats & Facts – Week of December 11, 2017
December 14, 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 John Hunt Park. It will have 12 courts and an event pavilion and locker room. For the Kids Huntsville/Madison County voters approved the renewal property taxes devoted to [more]
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