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
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