Category: Business
Huntsville 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]
Read MoreNovember 2017 – Monthly Development Review
December 10, 2017
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 last month was 212 (Greenbrier), where 40 units were permitted, 4 single- and 36 multi-family. This is a 45.5% increase over November 2016, when 90 [more]
Read MoreStats & Facts – Week of December 4, 2017
December 8, 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 seeking proposal for the Johnson High campus to create a distinctive and sustainable mixed-use development on the site. Circle the Wagons Chuck Wagon BBQ is opening a location in South [more]
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