The Mobile Chamber of Commerce put this out showing what is going on in Mobile\'s Economic Development world. We are still working on economic growth and I believe someday when the nation\'s economy improves Mobile will be ahead of the rest.
Columbus OH Market News April 2011 Columbus Regioncolliersohio
- Bioscience employment in Central Ohio has grown 19.5% since 2000, adding over 10,000 jobs, while statewide employment declined 8.6%. Over 200 new biotech companies have started in Ohio.
- Arshot Investment Corp. received approval to purchase the former Cooper Stadium site for $3.4 million and will seek a 10-year, 75% property tax abatement.
- From 2000 to 2010, the number of young professionals within 3 miles of Broad and High in Columbus grew by 4,000 (45%), and Columbus was ranked 9th for gains in college-educated residents.
This document provides a business proposal for an urban infrastructure project called IOI that will incorporate socialist pooling, capitalist universal manufacturing, and vertical farms. The proposal describes the various sectors that will be included such as business, living, schools/colleges, and transportation. It outlines financial projections and discusses opportunities around marketing, management, and financial profits from rent and other revenue streams. The goal is to boost the global economy by improving resource management and transitioning to more efficient infrastructure over time.
FHO Partners YE 2009 MarketWatch Reportfhopartners
The commercial real estate market in the Boston area continued to soften in 2009 due to the effects of the recession. Signs of stabilization are emerging but any significant recovery is not expected until late 2010 or early 2011 at the earliest. Unemployment rates in both the US and Massachusetts increased substantially in 2009, remaining high at 9.7% and 9.4% respectively. The oversupply of available office space in Greater Boston led to declining rental rates and absorption in 2009 and this challenging environment is expected to continue into 2010 and 2011 until more substantial job growth occurs.
The Miami office market remains in flux as the local economy struggles from the housing downturn. In 2009 and Q1 2010, 2.3 million square feet of new office space was added to the market, with a total vacancy rate of 56.5%, well above the county average of 16.5%. Two new buildings delivered in Q1 2010 contributed to increased vacancy. The three new buildings in the CBD are pre-certified LEED but have high vacancy rates, reflecting reluctance of companies to commit during economic uncertainty. Landlords are pursuing LEED certification and renovations to distinguish properties.
CPFL Energia reported net income of R$1.3 billion for fiscal year 2009, a 1% increase over the previous year. The company will distribute R$1.2 billion in dividends to shareholders. CPFL Energia continues to grow its generation business, with new biomass and wind power plants coming online over the next two years that will increase total generation capacity to over 2.5GW. The company successfully raised financing for two new thermoelectric power plants under construction.
"The Columbus economy, not dominated by any single industry, remains strong during times of national economic stress." Courtesy CBRE, this report shows Columbus' progress as an industrial market.
COTA plans to expand public transportation services in Central Ohio through 2015 to improve access to construction sites, stores, and new developments like Grandview Yard. Columbus was named one of three finalists for a sustainable communities award and had 27 Fortune 500 companies, the fifth most of any U.S. city. Unemployment rates declined slightly in Ohio and Central Ohio in April while home sales, job announcements, and development continued in the region.
Columbus JLL Industrial Employment Update February 2015cybrooks
The industrial employment sector continues its drive of modest, steady growth, posting an annual net gain of 4,400 jobs according to the latest data from the BLS. Employment gains were largely spurred by trade, transportation and utilities, which posted an annual net gain of 2,500 jobs. Meanwhile, the manufacturing supersector trailed the pack, posting virtually zero annual net job gains or losses.
Columbus OH Market News April 2011 Columbus Regioncolliersohio
- Bioscience employment in Central Ohio has grown 19.5% since 2000, adding over 10,000 jobs, while statewide employment declined 8.6%. Over 200 new biotech companies have started in Ohio.
- Arshot Investment Corp. received approval to purchase the former Cooper Stadium site for $3.4 million and will seek a 10-year, 75% property tax abatement.
- From 2000 to 2010, the number of young professionals within 3 miles of Broad and High in Columbus grew by 4,000 (45%), and Columbus was ranked 9th for gains in college-educated residents.
This document provides a business proposal for an urban infrastructure project called IOI that will incorporate socialist pooling, capitalist universal manufacturing, and vertical farms. The proposal describes the various sectors that will be included such as business, living, schools/colleges, and transportation. It outlines financial projections and discusses opportunities around marketing, management, and financial profits from rent and other revenue streams. The goal is to boost the global economy by improving resource management and transitioning to more efficient infrastructure over time.
FHO Partners YE 2009 MarketWatch Reportfhopartners
The commercial real estate market in the Boston area continued to soften in 2009 due to the effects of the recession. Signs of stabilization are emerging but any significant recovery is not expected until late 2010 or early 2011 at the earliest. Unemployment rates in both the US and Massachusetts increased substantially in 2009, remaining high at 9.7% and 9.4% respectively. The oversupply of available office space in Greater Boston led to declining rental rates and absorption in 2009 and this challenging environment is expected to continue into 2010 and 2011 until more substantial job growth occurs.
The Miami office market remains in flux as the local economy struggles from the housing downturn. In 2009 and Q1 2010, 2.3 million square feet of new office space was added to the market, with a total vacancy rate of 56.5%, well above the county average of 16.5%. Two new buildings delivered in Q1 2010 contributed to increased vacancy. The three new buildings in the CBD are pre-certified LEED but have high vacancy rates, reflecting reluctance of companies to commit during economic uncertainty. Landlords are pursuing LEED certification and renovations to distinguish properties.
CPFL Energia reported net income of R$1.3 billion for fiscal year 2009, a 1% increase over the previous year. The company will distribute R$1.2 billion in dividends to shareholders. CPFL Energia continues to grow its generation business, with new biomass and wind power plants coming online over the next two years that will increase total generation capacity to over 2.5GW. The company successfully raised financing for two new thermoelectric power plants under construction.
"The Columbus economy, not dominated by any single industry, remains strong during times of national economic stress." Courtesy CBRE, this report shows Columbus' progress as an industrial market.
COTA plans to expand public transportation services in Central Ohio through 2015 to improve access to construction sites, stores, and new developments like Grandview Yard. Columbus was named one of three finalists for a sustainable communities award and had 27 Fortune 500 companies, the fifth most of any U.S. city. Unemployment rates declined slightly in Ohio and Central Ohio in April while home sales, job announcements, and development continued in the region.
Columbus JLL Industrial Employment Update February 2015cybrooks
The industrial employment sector continues its drive of modest, steady growth, posting an annual net gain of 4,400 jobs according to the latest data from the BLS. Employment gains were largely spurred by trade, transportation and utilities, which posted an annual net gain of 2,500 jobs. Meanwhile, the manufacturing supersector trailed the pack, posting virtually zero annual net job gains or losses.
Columbus JLL Industrial Employment Update February 2015cybrooks
The industrial employment sector continues its drive of modest, steady growth, posting an annual net gain of 4,400 jobs according to the latest data from the BLS. Employment gains were largely spurred by trade, transportation and utilities, which posted an annual net gain of 2,500 jobs. Meanwhile, the manufacturing supersector trailed the pack, posting virtually zero annual net job gains or losses.
Michael Baker Corporation is a national engineering and consulting firm that provides services to government, transportation, and infrastructure clients. It generates consistent cash flows but is currently undervalued compared to competitors. A leveraged buyout could unlock value by pursuing revenue growth through geographic expansion and pursuing new project opportunities in high-growth areas like high-speed rail.
The Columbus metro saw modest job growth according to the latest figures from the BLS, adding 8,300 payrolls, annually. Total non-farm employment now sits at roughly 1 million jobs. Meanwhile, unemployment remains virtually unchanged from the previous month at 3.7 percent, one of the lowest in the U.S.
The quarterly economic indicators report for Northeast Ohio in Q4 2010 found signs of gradual economic improvement. Manufacturing employment increased by almost 10,000 jobs and services employment increased by 6,000 jobs compared to Q4 2009. The unemployment rate dropped nearly 1% to 9.3% and initial unemployment claims decreased from 7,100 to 5,600 between Q4 2009 and Q4 2010. Republican John Kasich was elected governor of Ohio and plans to establish JobsOhio, a new not-for-profit corporation, to direct economic development and job creation efforts in the state.
The document summarizes economic indicators for Northeast Ohio in Q4 2010. It reports that the region saw improvements over Q4 2009, with manufacturing jobs up almost 10,000 and service sector jobs up 6,000. Unemployment claims and rates decreased from the previous year. John Kasich was elected governor of Ohio and plans to establish JobsOhio to promote economic development. Several development projects were also announced in the region.
Textron faced significant challenges in 2009 due to the global recession. Revenues declined across most business segments, forcing workforce reductions of 10,400 employees and facility closures. However, the company generated $424 million in free cash flow through cost cutting and liquidating finance receivables above targets. While demand dropped, the defense business remained strong with increased revenues. Textron exited 2009 in a stronger financial position with reduced debt.
Volatile markets call for alternative Business ModelsAshish Singla
The document discusses how the credit crisis has affected financing in the power industry. It notes that for over a decade, the power industry had broad access to cheap capital from various investors. However, the credit crisis has virtually dried up this capital or made it extremely expensive, especially for merchant power generators. While utilities still have relatively stable access to financing due to their regulated nature, merchant generators face much higher costs due to being riskier. The crisis has also led to permanently higher debt costs across the power industry due to deleveraging on Wall Street.
The summary provides an overview of economic activity and performance in the Columbus region for May 2013 based on the document:
- 22 new business development projects started in May, with 108 projects year-to-date, continuing strong project and investment activity. A case study highlights G-Tekt Corporation's plans for a new $28.6 million manufacturing facility creating 100 jobs.
- Business retention efforts included 42 business visits in May by regional economic development organizations. A case study covered Proform Industries expanding operations and adding 120 jobs with a $1.2 million investment.
- Other highlights included the launch of a new $300 million venture capital fund by Drive Capital and continued growth in regional patent activity. Unemployment claims declined
The document is a newsletter from the Fund for Our Economic Future discussing venture capital investment in Northeast Ohio. It provides the following key points:
- Venture capital investment in Northeast Ohio totaled $1.1 billion between 2005-2009, though dropped to $99 million in 2009 from $260 million in 2008. Seed stage investments peaked in 2009.
- The investments have funded 183 unique companies in industries like healthcare, cleantech, and IT, creating over 40,700 jobs. An additional $1.2 billion is estimated to be needed in the next 5 years.
- Northeast Ohio healthcare startups raised $66.6 million in 2009, the third highest in the Midwest behind Minnesota and Indiana, though
Mobile Monday Boston 2009 Investment Reportkateimbach
Total mobile investment in Boston increased 44% from 2008 to 2009, reaching $1.49 billion. While venture capital funding decreased from $565 million to $339 million over that period, acquisitions increased dramatically from $473 million to $1.16 billion, driven by large acquisitions such as Airvana's $530 million acquisition. The number of Boston mobile startups receiving funding decreased from 45 in 2008 to 32 in 2009, consistent with declines seen across New England due to the economic climate. Applications and hardware companies were among the most prominent categories of startups receiving funding in 2009.
Cleveland JLL Industrial Employment Update April 2015Andrew Batson
Industrial employment sectors contracted slightly over the last year, recording an annualized net loss of 600 jobs across the metro. The largest job losses occurred in the trade, transportation and utilities sector, where total employment declined by 2,300 jobs year-over-year.
The document summarizes recent employment trends and developments in Cleveland's industrial sector. It reports that total non-farm employment increased by 1.5% over the last year, though industrial sectors contracted with a net loss of 600 jobs. The largest job losses occurred in trade, transportation and utilities which declined by 2,300 jobs. It also provides updates on several Cleveland businesses in industries like logistics, manufacturing, and commercial real estate that are expanding operations, developing new facilities, or acquiring other companies.
Cleveland JLL Industrial Employment Update April 2015Andrew Batson
Industrial employment sectors contracted slightly over the last year, recording an annualized net loss of 600 jobs across the metro. The largest job losses occurred in the trade, transportation and utilities sector, where total employment declined by 2,300 jobs year-over-year.
The telecom industry faces challenges in 2009 due to expected negative growth and job cuts. However, the document argues this presents opportunities for companies focused on mobile apps and smartphones. It predicts Apple's App Store will become a $1 billion business, driving growth, and that new players will benefit from new opportunities in smartphones and apps as traditional vendors struggle. Finally, it notes that Apple has changed the rules of the game, requiring all players to adapt to the new app-focused mobile landscape.
WorldCom filed for bankruptcy in 2002 despite appearing to have growth potential. The telecom boom of the 1990s led to overexpansion as companies built extensive networks. By 2000, there was too much capacity and fierce price competition emerged. WorldCom grew rapidly through 65 acquisitions from 1991-1997, taking on substantial debt. However, integration of acquired companies was poor. Additionally, WorldCom engaged in fraudulent accounting practices like capitalizing normal operating expenses to inflate profits. When the telecom market declined, WorldCom could not sustain its business model and massive debt, leading to its collapse.
The document provides an outline and details about the Fortune 500 list. It discusses what the Fortune 500 is, who founded Fortune Magazine, and the four main ranking factors (sales growth, assets, earnings, and capitalization). It then lists the top ten companies in 2013, including Walmart at #1, ExxonMobil at #2, and Chevron at #3. For each top company, it provides the CEO name, headquarters location, brief background on the company's performance in 2012-2013, and revenues and profits for the fiscal year.
The document summarizes the growing technology industry and its impact on real estate in Columbus, Ohio. It finds that the technology sector accounts for nearly half of all leasing activity in new development projects since 2016. It also notes that technology companies have expanded their real estate footprint significantly, with CoverMyMeds and Root Insurance among those increasing their space. Columbus offers affordable labor costs for technology occupations compared to other tech hubs, with over 40,000 workers in the sector earning an average of $44.04 per hour.
- Project Epoch is a major business transformation initiative at Controls that will affect every employee over the next two years. It involves implementing new computer systems from Oracle and others to modernize operations and transition away from legacy Lockheed Martin systems.
- The transformation aims to create a common, integrated enterprise across all sites that enables sustained competitive advantage. This will involve culture change and operating as one unified business.
- The first phase of new computer system implementations will begin in 2001, with the full Oracle system going live in early 2003. This is intended to improve coordination, communication, and business processes.
Running head THE BUDGET EVALUATION OF THE CITY COUNCIL OF COLUMBI.docxtoltonkendal
- The document discusses the budget evaluation of the city of Columbia. It talks about reforms in the early 1990s that privatized the regional port, with the government retaining a 30% share of ownership over port infrastructure.
- Subsequent years proved the privatization to be successful and bring more competition to the business. Privatization efforts were also made in other sectors like manufacturing, utilities, and transportation.
- The document provides details on creating websites for a luxury resort in California called Pacific Trails Resort. It includes tasks to create basic HTML pages for the home page and a page about the resort's yurt accommodations.
Columbus JLL Industrial Employment Update February 2015cybrooks
The industrial employment sector continues its drive of modest, steady growth, posting an annual net gain of 4,400 jobs according to the latest data from the BLS. Employment gains were largely spurred by trade, transportation and utilities, which posted an annual net gain of 2,500 jobs. Meanwhile, the manufacturing supersector trailed the pack, posting virtually zero annual net job gains or losses.
Michael Baker Corporation is a national engineering and consulting firm that provides services to government, transportation, and infrastructure clients. It generates consistent cash flows but is currently undervalued compared to competitors. A leveraged buyout could unlock value by pursuing revenue growth through geographic expansion and pursuing new project opportunities in high-growth areas like high-speed rail.
The Columbus metro saw modest job growth according to the latest figures from the BLS, adding 8,300 payrolls, annually. Total non-farm employment now sits at roughly 1 million jobs. Meanwhile, unemployment remains virtually unchanged from the previous month at 3.7 percent, one of the lowest in the U.S.
The quarterly economic indicators report for Northeast Ohio in Q4 2010 found signs of gradual economic improvement. Manufacturing employment increased by almost 10,000 jobs and services employment increased by 6,000 jobs compared to Q4 2009. The unemployment rate dropped nearly 1% to 9.3% and initial unemployment claims decreased from 7,100 to 5,600 between Q4 2009 and Q4 2010. Republican John Kasich was elected governor of Ohio and plans to establish JobsOhio, a new not-for-profit corporation, to direct economic development and job creation efforts in the state.
The document summarizes economic indicators for Northeast Ohio in Q4 2010. It reports that the region saw improvements over Q4 2009, with manufacturing jobs up almost 10,000 and service sector jobs up 6,000. Unemployment claims and rates decreased from the previous year. John Kasich was elected governor of Ohio and plans to establish JobsOhio to promote economic development. Several development projects were also announced in the region.
Textron faced significant challenges in 2009 due to the global recession. Revenues declined across most business segments, forcing workforce reductions of 10,400 employees and facility closures. However, the company generated $424 million in free cash flow through cost cutting and liquidating finance receivables above targets. While demand dropped, the defense business remained strong with increased revenues. Textron exited 2009 in a stronger financial position with reduced debt.
Volatile markets call for alternative Business ModelsAshish Singla
The document discusses how the credit crisis has affected financing in the power industry. It notes that for over a decade, the power industry had broad access to cheap capital from various investors. However, the credit crisis has virtually dried up this capital or made it extremely expensive, especially for merchant power generators. While utilities still have relatively stable access to financing due to their regulated nature, merchant generators face much higher costs due to being riskier. The crisis has also led to permanently higher debt costs across the power industry due to deleveraging on Wall Street.
The summary provides an overview of economic activity and performance in the Columbus region for May 2013 based on the document:
- 22 new business development projects started in May, with 108 projects year-to-date, continuing strong project and investment activity. A case study highlights G-Tekt Corporation's plans for a new $28.6 million manufacturing facility creating 100 jobs.
- Business retention efforts included 42 business visits in May by regional economic development organizations. A case study covered Proform Industries expanding operations and adding 120 jobs with a $1.2 million investment.
- Other highlights included the launch of a new $300 million venture capital fund by Drive Capital and continued growth in regional patent activity. Unemployment claims declined
The document is a newsletter from the Fund for Our Economic Future discussing venture capital investment in Northeast Ohio. It provides the following key points:
- Venture capital investment in Northeast Ohio totaled $1.1 billion between 2005-2009, though dropped to $99 million in 2009 from $260 million in 2008. Seed stage investments peaked in 2009.
- The investments have funded 183 unique companies in industries like healthcare, cleantech, and IT, creating over 40,700 jobs. An additional $1.2 billion is estimated to be needed in the next 5 years.
- Northeast Ohio healthcare startups raised $66.6 million in 2009, the third highest in the Midwest behind Minnesota and Indiana, though
Mobile Monday Boston 2009 Investment Reportkateimbach
Total mobile investment in Boston increased 44% from 2008 to 2009, reaching $1.49 billion. While venture capital funding decreased from $565 million to $339 million over that period, acquisitions increased dramatically from $473 million to $1.16 billion, driven by large acquisitions such as Airvana's $530 million acquisition. The number of Boston mobile startups receiving funding decreased from 45 in 2008 to 32 in 2009, consistent with declines seen across New England due to the economic climate. Applications and hardware companies were among the most prominent categories of startups receiving funding in 2009.
Cleveland JLL Industrial Employment Update April 2015Andrew Batson
Industrial employment sectors contracted slightly over the last year, recording an annualized net loss of 600 jobs across the metro. The largest job losses occurred in the trade, transportation and utilities sector, where total employment declined by 2,300 jobs year-over-year.
The document summarizes recent employment trends and developments in Cleveland's industrial sector. It reports that total non-farm employment increased by 1.5% over the last year, though industrial sectors contracted with a net loss of 600 jobs. The largest job losses occurred in trade, transportation and utilities which declined by 2,300 jobs. It also provides updates on several Cleveland businesses in industries like logistics, manufacturing, and commercial real estate that are expanding operations, developing new facilities, or acquiring other companies.
Cleveland JLL Industrial Employment Update April 2015Andrew Batson
Industrial employment sectors contracted slightly over the last year, recording an annualized net loss of 600 jobs across the metro. The largest job losses occurred in the trade, transportation and utilities sector, where total employment declined by 2,300 jobs year-over-year.
The telecom industry faces challenges in 2009 due to expected negative growth and job cuts. However, the document argues this presents opportunities for companies focused on mobile apps and smartphones. It predicts Apple's App Store will become a $1 billion business, driving growth, and that new players will benefit from new opportunities in smartphones and apps as traditional vendors struggle. Finally, it notes that Apple has changed the rules of the game, requiring all players to adapt to the new app-focused mobile landscape.
WorldCom filed for bankruptcy in 2002 despite appearing to have growth potential. The telecom boom of the 1990s led to overexpansion as companies built extensive networks. By 2000, there was too much capacity and fierce price competition emerged. WorldCom grew rapidly through 65 acquisitions from 1991-1997, taking on substantial debt. However, integration of acquired companies was poor. Additionally, WorldCom engaged in fraudulent accounting practices like capitalizing normal operating expenses to inflate profits. When the telecom market declined, WorldCom could not sustain its business model and massive debt, leading to its collapse.
The document provides an outline and details about the Fortune 500 list. It discusses what the Fortune 500 is, who founded Fortune Magazine, and the four main ranking factors (sales growth, assets, earnings, and capitalization). It then lists the top ten companies in 2013, including Walmart at #1, ExxonMobil at #2, and Chevron at #3. For each top company, it provides the CEO name, headquarters location, brief background on the company's performance in 2012-2013, and revenues and profits for the fiscal year.
The document summarizes the growing technology industry and its impact on real estate in Columbus, Ohio. It finds that the technology sector accounts for nearly half of all leasing activity in new development projects since 2016. It also notes that technology companies have expanded their real estate footprint significantly, with CoverMyMeds and Root Insurance among those increasing their space. Columbus offers affordable labor costs for technology occupations compared to other tech hubs, with over 40,000 workers in the sector earning an average of $44.04 per hour.
- Project Epoch is a major business transformation initiative at Controls that will affect every employee over the next two years. It involves implementing new computer systems from Oracle and others to modernize operations and transition away from legacy Lockheed Martin systems.
- The transformation aims to create a common, integrated enterprise across all sites that enables sustained competitive advantage. This will involve culture change and operating as one unified business.
- The first phase of new computer system implementations will begin in 2001, with the full Oracle system going live in early 2003. This is intended to improve coordination, communication, and business processes.
Running head THE BUDGET EVALUATION OF THE CITY COUNCIL OF COLUMBI.docxtoltonkendal
- The document discusses the budget evaluation of the city of Columbia. It talks about reforms in the early 1990s that privatized the regional port, with the government retaining a 30% share of ownership over port infrastructure.
- Subsequent years proved the privatization to be successful and bring more competition to the business. Privatization efforts were also made in other sectors like manufacturing, utilities, and transportation.
- The document provides details on creating websites for a luxury resort in California called Pacific Trails Resort. It includes tasks to create basic HTML pages for the home page and a page about the resort's yurt accommodations.
Running head THE BUDGET EVALUATION OF THE CITY COUNCIL OF COLUMBI.docx
Chamber Update August 2010
1. Tad Denson - MyShotz.com
Thigpen Photography
MOB ILE Building on the energy
of a ne w Mobile B ay.
What’s Being Said
High-Profile Economic About Mobile
Development Activity m Ranked among the 200 largest metropolitan
statistical areas, Mobile landed at No. 62 in Forbes’
The Mobile area has seen a number of Kimberly-Clark announced a $50 million annual Best Places for Business and Careers list. Both
positive economic development headlines this capital investment as part of its plan to save 80 projected economic growth and projected job growth
categories earned the No. 5 rank. In the cost of doing
year. high-paying positions. The mill operates a business category, Mobile ranked No. 35.
Reaching its target employment of 150, tissue making facility employing more than (April 2010)
Airbus North America Engineering 600.
announced it is adding 90 new positions, and In February, Regent Aerospace, the m BusinessWeek and MoodysEconomy.com
investing another $1.7 million in its Brookley world’s largest aircraft interiors maintenance ranked Mobile No. 13 out of America’s 25 Next
Recovering Job Markets based on anticipated 2010 first
engineering center. repair and overhaul (MRO) company, quarter job growth. In a later report, Moodys ranked
In July, Aker Solutions upped its 2010 announced it would open a facility in Mobile Mobile No. 4 of 387 metro areas for employment
investment to $7.3 million. New contracts in and hire 90 employees. growth. (August/November 2009)
the Mediterranean Sea are driving the local SSAB revived its earlier expansion plans
expansion. Aker is adding 20 jobs with an and has a $287 million capital investment m The Economist featured Mobile’s optimism about
its economic future. The author also mentions recent
average compensation package of $56,000. underway and plans to add 90 new positions rankings by Moodys.com and Forbes.com, as well as the
A $174 million carbon capture with an average annual wage of city’s efforts to reconnect with Cuba. (July 2009)
project is nearing completion at $90,000.
Alabama Power’s Barry Mobile’s The $5.2 billion m Last summer, Forbes.com listed Mobile
Steam Plant in north Mobile ThyssenKrupp complex as one of the 10 Best Mid-Sized Cities for Recession
Economic Review Recovery. Last spring, Mobile came in at no. 10 on
County. Expected to open 2001 - 2010 reached significant Forbes.com Top 10 Best Mid-Sized Cities for Jobs.
in mid-2011, the facility milestones, and has plans (April 2009)
will reduce air emissions. • 31 new industries/companies for a joint grand opening
The Alabama State • 73 expansions of existing companies by year’s end. Named as m Mobile was ranked no. 5 in the Best Cost
Port Authority (ASPA) one of the nation’s largest Effectiveness category for small cities by fDi
continues to add • $7.4 billion in capital investment private economic magazine. (April 2009)
reported from new and expanded
infrastructure to make the industries development projects, the m A story in the Wall Street Journal listed
Port of Mobile more two entities will generate Mobile as one of 10 metropolitan areas where
competitive. The latest • 13,241 new jobs as a result of 2,700 permanent jobs. consumer loan balances grew the most in the fourth
new and expanding quarter. According to the article, consumer-lending
statistics available (2008), industries ThyssenKrupp Stainless
show the port moving up to 9th USA received its first coils for activity is a key to riding out the recession.
(March 2009)
in the nation based on tonnage. processing and is testing equip-
The U.S. Navy awarded Austal ment. The company will have nearly
USA another $99 million to purchase 250 employees by January 2011. Mobile Area
materials needed for the 4th and 5th Joint High ThyssenKrupp Steel USA expects to Statistics
Speed Vessels. The U.S. Army and U.S. Navy have 1,500 employees by January 2011, and
program is potentially worth more than $1.6 processed its first steel in its Hot Strip Mill. Mobile is the largest metropolitan area along the
billion. Recently, Austal delivered the Navy’s Two additional divisions - the Cold Rolling Gulf of Mexico between New Orleans and Tampa,
Littoral Combat Ship (LCS) Independence, Mill and Hot Dip Galvanizing - will begin Fla., and is the 70th largest MSA in the nation.
and construction is underway on the second operation by September and December 2010, Population Median Age
LCS Coronado. The company’s module respectively.
manufacturing facility opened in 2009, and is Interest in the area continues as the Mobile City of Mobile 192,895 36.3
the largest of its kind in the nation. Area Chamber of Commerce’s economic Mobile County 406,509 36.5
This summer EADS North America development team continues its broad view of Baldwin County 180,269 39.9
moved 100 members of its tanker team to economic success, working viable and diverse Mobile Bay Area 586,578 37.6
Mobile. The company submitted its proposal projects representing sectors such as Source: Decision Data Resources
to the U.S. Air Force to build its KC-45 aerospace, maritime, oil and gas exploration,
refueling tanker to replace an aging fleet. If and transportation and distribution.
successful, the aircraft will be built in Mobile. Published by the Mobile Area Chamber of Commerce, August 2010
www.mobilechamber.com
2. Thigpen Photography
Thigpen Photography
Thigpen Photography
Committed to Recent Announcements/
Continued Growth Expansions
D Aaron Oil Co. (oil recycling)
The Mobile Area Chamber’s economic development Partners for D Airbus Engineering Center (aircraft manufacturer)
Growth campaign, supported by public and private investors, is in phase D Airbus Military North America (aircraft manufacturer)
two of its fundraising efforts. Goals set for 2008 - 2012 are: D Aker Solutions (oil and gas)
D Number of jobs to be created: 3,750 over five years; D Atlantic Marine Shipbuilding (shipbuilding)
D Targeted annual salaries: $38,500 and higher; and D Austal USA (shipbuilding)
D Capital investment generated: $1 billion. D Berg Steel Pipe (steel pipe)
Phase one of the campaign, 2004 - 2007, D C & G Boat Works (shipbuilding)
resulted in 7,551 new full-time jobs; 20 new D Evonik Degussa Corp. (chemicals)
company announcements and 39 local industry
expansions; $5.73 billion in capital investment;
D Holcim (U.S.) (cement)
and annual average wages of $47,711. D Horizon Shipbuilding (shipbuilding)
The Chamber, through contracts with the D International Shipholding Corp. (water transportation services)
city and county, is the area’s lead economic recruiter and collaborates D Kimberly-Clark (paper products)
with various entities to secure projects for the Mobile Bay area. In 2008, D MoBay Storage (natural gas)
the organization was awarded a five-star rating, the highest given by the D Mobile Container Terminal (intermodal port facility)
U.S. Chamber of Commerce, for a second consecutive five-year period. In D Regent Aerospace Corp. (aircraft maintenance)
2008, the Alabama Development Office awarded the Chamber the D Ryla Inc., an Alorica subsidiary (telecommunications)
Economic Development Achievement Award. The Chamber’s D SSAB Americas Inc. (steel)
business and expansion program was also recognized with top honors for D Silver Ships (shipbuilding)
its positive impact on existing businesses by the Synchronist Users forum
in Chicago. And last year, the Chamber was one of eight Alabama
D ST Aerospace Mobile (aircraft maintenance and repair)
organizations honored with the Governor’s Trade Excellence Awards,
recognizing outstanding contributions to the state’s economy through
exports.
Cost
The Chamber has 2,300 members, representing 103,556 employees in of Living
the region. The organization’s program of work includes: working to
recruit new industry; assisting local companies with expansion projects; Mobile’s cost of living is consistently one
providing tools for small business growth and expansion; lobbying state of the lowest out of the 80 largest U.S.
and federal legislatures for support of pro-business legislation; offering metropolitan areas, according to the ACCRA
opportunities to network, gain professional development and promote Survey. The latest statistics available (from 2nd
member companies through advertising; and supporting community quarter 2010) show the Mobile area at 92.4,
infrastructure projects to help businesses grow and prosper. below the national average of 100. The index
measures regional differences and is based
on six major components including housing,
utilities, grocery items, transportation, health-
care, and miscellaneous goods and services.
Lagniappe (A Little Something Extra)
92.4
The Mobile Bay region offers an abundance of cultural and recreational opportunities for people of all ages –
a variety of museums, theater, symphony, opera, ballet, fishing, golfing, relaxing at the beach and more.
D Mobile was founded in 1702 and celebrated its Tricentennial D Mobile is home to the GMAC Bowl, Senior Bowl, Alabama Deep
in 2002. Sea Fishing Rodeo, the Dauphin Island Regatta and Distinguished
Young Women (formerly America’s Junior Miss) scholarship
D Mobile Bay is home to America’s Mardi Gras, instituted in 1704, program.
62 years before New Orleans adopted the celebration.
D The Mobile Tennis Center is the nation’s largest public facility
D Mobile Bay is the hometown of baseball hall-of-famers Hank with 50 hard courts.
Aaron, Ozzie Smith and Satchel Paige.
D Six different flags have flown over Mobile. The French, Spanish,
D Mobile Bay area welcomes nearly 7.2 million visitors a year. British, Republic of Alabama, Confederacy and United States of
D Regional golf is among the nation’s finest, with more than 25 courses. America.
D Mobile is known as the Azalea City thanks to Frise Langlois, who
D Mobile has three major universities – one public, University of first brought the bright pink blossoms here from his father’s
South Alabama; one private Jesuit, Spring Hill College; and one garden in Toulouse, France, in 1754.
private Baptist institution, University of Mobile.