Category: Business
Stats & Facts – Week of June 12, 2017
June 15, 2017
Read time: 1 minute A banner year for tourism 2016 tourism had the highest economic impact for Huntsville/Madison County at $1.19 billion…a 4.9% increase over 2015’s level. Visitors like us…they really like us There were 3.1 million visitors to Huntsville/Madison County in 2016, up from 2.9 million in 2015. Moving on up Madison County ranked third for most visitors. Tourism’s significant local impact Tourism supported 15,413 jobs, accounting for 8.58% of total employment in Huntsville/Madison County. Top attractions 657,000 people visited [more]
Read MoreMay 2017: Monthly Development Review
June 12, 2017
Construction projects at Fern Bell Park and in Jones Valley were among the top non-residential permits issued last month. Residential construction increased year-over-year. Residential Permits (new construction) in Huntsville city limits: In May, 115 housing units were permitted, 109 single- and 6 multi-family. The top tract for building permits last month was 109.01 (Hampton Cove), where 29 units were permitted. This is a 13.9% increase over May 2016, when 101 housing units (all single-family) were permitted. Residential Certificates [more]
Read MoreStats & Facts – Week of June 5, 2017
June 8, 2017
Read time: 1 minute GATR Expands GATR Technologies broke ground on a facility in Cummings Research Park. The 63k sq. ft. facility will double its footprint. This represents a $7.5M investment. More Growth Huntsville is now the third-largest city in Alabama, reports the U.S. Census. Its population stands at 193,079. Since 2010, the City has added 12,974 residents for a 7.2% population growth. Apple App Development Initiative The Alabama community college system is one of six selected [more]
Read MoreStats & Facts – Week of May 29, 2017
June 2, 2017
Read time: 1 minute Source: Data below is from the Alabama Department of Commerce’s recently released New and Expanding Industry Report for 2016 Jobs, jobs, jobs Alabama announced 14,707 new jobs and $4.2 billion in capital expenditures (CAPEX) in 2016. Local jobs and capital expenditures In Huntsville, there were 1,970 jobs and $248 million in capital expenditures announced. Largest new employer In 2016, Woodbridge was the largest new employer in Huntsville with 164 jobs. Much love for Boeing Overall, Boeing [more]
Read MoreStats & Facts – Week of May 15
May 17, 2017
Read time: 1 minute Home sales on the rise Huntsville home sales in Q1 rose 11% over 2016’s first-quarter sales, representing 1,410 homes sold. This was 32 units shy of the 2007 first-quarter peak of 1,442 homes and 60% higher than the 2011 low of 879 units. Property values increasing The median sales price in Huntsville rose to $179,154, a 5% increase from 2016. And our homes are selling FAST Homes sold in Huntsville during Q1 spent [more]
Read MoreApril 2017: Monthly Development Review
May 14, 2017
A new family entertainment center was among the top non-residential permits issued last month. Residential permits decreased, while CO’s doubled year-over-year. Residential Permits (new construction) in Huntsville city limits: In April, 101 housing units were permitted, all single-family. The top tract for building permits last month was 109.01 (Hampton Cove), where 23 units were permitted. This is a 60.4% decrease over April 2016, when 255 housing units (83 single- and 172 multi-family) were permitted. Residential Certificates of Occupancy [more]
Read MoreStats & Facts – Week of May 8
May 12, 2017
Read time: 1 minute Bring on the ‘Q Birmingham-based BBQ restaurant Jim & Nick’s announced it is expanding to Huntsville. Avenue Announcements Raleigh-based Scout & Molly’s Boutique will open a location at The Avenue in Downtown Huntsville. It will be joined by Soda Jerk!, a modern spin on the soda fountain concept. DoD news The U.S. Department of Defense is funding diversification assistance to small businesses that support DoD operations in Huntsville. Visit almsf.org for more information. Good [more]
Read MoreStats & Facts – Week of April 24, 2017
April 27, 2017
Read time: 1 minute Congratulations are in order Huntsville-based Line-X was awarded medium-sized manufacturer of the year by the Business Council of Alabama. #ThisPlaceMattersHsv Huntsville West was the first recipient of the City of Huntsville’s Historical Preservation awards program called #ThisPlaceMattersHsv. 10,000+ The City of Huntsville’s Huntsville Connect service request program crossed a major milestone with more than 10,000 cases closed. Ready, set, game on The 2018 Alabama State Games will be in Huntsville for the next two years. [more]
Read MoreStats & Facts – Week of April 17, 2017
April 20, 2017
Read time: 1 minute Aw, it’s so cute. And tiny. Washington Street Park – the City’s first micro park – is open. The park is located at the end of the alley behind UG White and Pints & Pixels. Welcome, PCI Aviation! The Poarch Band of Creek Indians has established PCI Aviation, a government contracting firm supporting Army Aviation. More hotel rooms Town Place Suites at Redstone Gateway is open. The $12 million hotel is owned by [more]
Read MoreMarch 2017: Monthly Development Review
April 12, 2017
Topgolf and a new restaurant at Bridge Street Town Centre were among the non-residential permits issued last month. Residential permits decreased, while CO’s increased year-over-year. Residential Permits (new construction) in Huntsville city limits: In March, 135 housing units were permitted, 99 single- and 36 multi-family. The top tracts for building permits last month was 212 (Greenbrier), where 40 units were permitted, 4 single- and 36 multi-family. This is a 22.4% decrease over March 2016, when 174 [more]
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