Category: Business
Toyota 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]
Read MoreStats & Facts – Week of November 27, 2017
December 1, 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 physical activities. “We Gather Here to Honor” A memorial park will be created on the Dr. W.H. Councill School site on St. Clair Avenue, providing green space [more]
Read MoreOctober 2017: Monthly Development Review
November 30, 2017
Office renovations 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 October, 106 housing units were permitted, 100 single- and 6 multi-family. The top tract for building permits last month was 109.01 (Hampton Cove), where 33 units were permitted, all single-family. This is an 8.2% increase over October 2016, when 98 housing units (62 single- and 36 multi-family) were permitted. Residential Certificates [more]
Read MoreStats & Facts – Week of November 20, 2017
November 21, 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 of a Thanksgiving feast for 10 is $49.12, down $0.75 from 2016. The cost of the dinner is the lowest since 2013. A 16lb. turkey [more]
Read MoreBOCAR to Add 300+ jobs in North Alabama
November 16, 2017
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 at the Huntsville/Madison County Chamber along with representatives of the City of Huntsville and Limestone County. “We are glad to invest in Huntsville, Alabama, where good [more]
Read MoreStats & Facts – Week of November 13, 2017
November 15, 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 announced a new tenant with the addition of J. Kennedy Clothing. Honest Coffee Roasters has also expanded its footprint in the development. Home Ownership Grows U.S. homeownership [more]
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