Category: Business
February 2018 – Monthly Development Review
March 5, 2018
Industrial and office projects topped non-residential building permits issued last month. Residential permits grew significantly year-over-year. Residential Permits (new construction) in Huntsville city limits: In February, 182 housing units were permitted, 102 single- and 80 multi-family. The top tract for building permits last month was 106.12 (72 West), where 80 units were permitted, all multi-family. This is a 78.4% increase over February 2017, when 102 housing units (90 single- and 12 multi-family) were permitted. Residential [more]
Read MoreStats & Facts – Week of February 26, 2018
March 2, 2018
Read time: 1 minute Time to Visit Mickey Mouse Silver Airways announced it will start daily nonstop service between Orlando International Airport (MCO) and Huntsville International Airport on May 23, 2018. Gather your brunch bunch Metro Diner will open a location in Huntsville on Airport Road. The Florida-based chain will open in March. Building prosperity Alabama’s commercial construction industry is a $12 billion business, employing almost 156,000 people full-time and generating a payroll of more than $6 billion a [more]
Read MoreCity 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 More