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Huntsville area leads the nation in new construction job growth The Associated General Contractors of America, February 2016


Population Density

2015 Total Population (Esri) by Census Tracts

More than 9,000 new jobs over the past 3 years 5-year projection: 7% growth, 32,000 new residents Expected to grow beyond 500,000 people by 2025

Redstone Arsenal

10,173– 14,511

7,487– 10,172

5,147– 7,486

3,250– 5,146

592– 3,249


Economic Growth Index COMBINED EMPLOYMENT, GDP AND WAGES 40% 35%

Huntsville 33%

30% 25% 20% 15%

U.S. 14%

10% 5%

Alabama 10%

0% 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

-5%


Economic Growth Since 2007

14.7%

Population

6.6%

4.7%

Employment

Huntsville United States

2.8%

13.0%

GDP 6.6% 0

5

10

15

20

Huntsville has the skilled workforce to support an additional 10,000 manufacturing jobs through 2024.


Legacy of Innovation & Exploration METRO POPULATION

101,959

108,669

153,861

228,239

242,971

293,047

417,593

BRAC BIOTECH

SPACE DEFENSE ELECTRONICS

VON BRAUN ARMY MISSILES

342,378

SPACE SCIENCE

NASA APOLLO

DIVERSIFIED MANUFACTURING

AGRICULTURE ADVANCED MANUFACTURING


Primary Industries

ADVANCED MANUFACTURING

AEROSPACE

INFORMATION TECHNOLOGY

BIOSCIENCE DEFENSE


Economic Development Highlights ANNOUNCED NEW JOBS, 2001-2015

BRAC 4,714

450

1,300

840

1,015

1,063

600

2,000

2,000

400

300


Redstone Arsenal Materiel Management Acquisition, Contracting & Sustainment

Space Operations & Missile Defense Exploration & Defensive Capabilities

38,000 Acres 41,866 Jobs

Research, Development, Test & Engineering Innovative Application of Sciences & Technologies

Total budgets managed: More than $50 Billion 14 General Officers & 123 SES Positions

Intelligence & Homeland Defense Threat Analysis & Explosives Training


Top Military Spending Locations Fairfax County, Virginia

Santa Clara County, California Los Angeles County, California

Honolulu County, Hawaii

FY2014

Tarrant County, Texas

San Diego County, California

Fairfax County, Virginia San Diego County, California Tarrant County, Texas Los Angeles County, California Santa Clara County, California

Madison County, Alabama

District of Columbia

Newport News City, Virginia

Bexar County, Texas

$19.1 B $15.1 B $13.8 B $ 8.0 B $ 7.4 B

Madison County, Alabama Honolulu County, Hawaii Bexar County, Texas District of Columbia Newport News City, Virginia

$ 7.0 B $ 6.7 B $ 6.7 B $ 6.5 B $ 6.2 B

Sources: Defense Manpower Data Center, U.S. Bureau of Economic Analysis, U.S. Census Bureau, and Chmura Economics & Analytics


Huntsville is one of top metros to “Power the U.S. Economy� Bloomberg Business, September 2015


Industrial and Research Parks/Sites


Second largest research park in the United States Fourth largest research park in the world


Port of Huntsville

Top Airports in the U.S. for International Cargo 1. Miami 2. JFK

• Second-Longest Runway in the Southeast (12,600 ft) • Foreign Trade Zone 83 • Non-Stop Cargo Flights to Europe, Asia & South America

3. LAX 4. O’Hare 5. Hartsfield-Jackson 6. Dallas/Ft. Worth 7. Memphis 8. Newark 9. San Francisco 10. Bush IC

11. Dulles 12. Cincinnati 13. Philadelphia 14. HSV 15. Seattle 16. Detroit 17. Logan 18. Orlando 19. LA/Ontario 20. Indianapolis


Workforce Area 13-County Workforce Region

517,000 labor force 1.1 million people 43,000 daily commuters


Highest ratio of engineers in the U.S. Top 5 for electronics, computer hardware and materials engineers

Top 5 for software developers


Highest ratio of computer systems analysts and user support specialists

Top 15% of population with bachelor’s degree or higher Skilled workforce to support additional 10,000 manufacturing jobs through 2024


K-12 Education 5 public school systems: 65,191 students 91% average graduation rate More than 90% of students attend public school Industry Focus: • Cyber • Engineering • Advanced Manufacturing

• Academically challenging programs (AP and IB) 19 private schools


Post-secondary Education Total enrollment: 25,517


Huntsville cited as a top 5 destination for hiking REI, January 2016


Dollars & Sense Cost of Living: 10% less than the national average Average Commute: Less than 20 minutes inside Madison Co. – a minute per mile throughout region $250 million additional investment in road infrastructure Cost of Doing Business: Operating expenses are 32% less than national average. Rent per square foot is 25% less than national average.

Sources: C2ER, U.S. Census, BOMA


Quality Healthcare

5th largest public system in the U.S. 3 full-service locations 800-bed Trauma I center St. Jude’s Research Hospital

Residency Program


Huntsville: Gig City


Create

Innovate

Explore


www.hsvchamber.org

Huntsville Metro Community Overview  

A Community Overview by the Chamber of Commerce of Huntsville/Madison County

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