Welcome HUNTSVILLE/MADISON COUNTY CHAMBER OF COMMERCE OF HUNTSVILLE/MADISON COUNTY
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1 Welcome HUNTSVILLE/MADISON COUNTY CHAMBER OF COMMERCE OF HUNTSVILLE/MADISON COUNTY
2 9,000 new jobs over the past three years announced in the Huntsville community
3 Madison Madison County Huntsville Huntsville is the fastest growing major metro area in the state of Alabama 5 Year Projection 7% growth 32,000 new residents Moody s Will grow to over 500,000 people in the next 10 years
4 Huntsville is one of the Top 10 cities to live and find a job Huntsville is one of the Top 30 fastest growing major markets in the country Huntsville is one Forbes 25 Best Places to Retire Huntsville has the highest Aaa bond rating possible for a local municipality
5 Remington Outdoor Company 2,000 new jobs; $110 million investment
6 Science and Engineering Services 450 new jobs; $70 million investment
7 Toyota Motor Manufacturing 189 new jobs; $121 million investment
8 Curse, Inc. 50 new jobs
9 Polaris Industries 2,000 new jobs; $142 million investment
10 Madison County Population 400,000 ADVANCED MANUFACTURING BRAC BIOTECH SPACE SCIENCE 300,000 DIVERSIFIED MANUFACTURING 200,000 NASA APOLLO AGRICULTURE 100, ,080 SPACE DEFENSE ELECTRONICS 276, , ,966 VON BRAUN ARMY MISSILES 186, ,348 66,317 72, s 1950s 1960s 1970s 1980s 1990s 2000s 2010s Source: U.S. Census
11 The Huntsville Metro Area has the highest per capita concentration of engineers of any community in the country. U.S. Bureau of Labor Statistics May 2014 Defense Aerospace Life Sciences Information Technology Advanced Manufacturing
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13 Government Contractor Employment Industrial Company Employment The Boeing Co. 2,600 ADTRAN 1,549 SAIC 2,277 CINRAM, Inc. 1,450 Northrop Grumman 1,238 Qualitest 1,350 Wyle CAS Group 1,085 Sanmina SCI 1,336 Lockheed Martin 1,084 Toyota 1,200 Dynetics 982 PPG Aerospace 750 Teledyne Brown 794 PHOENIX 698 SES 765 BASF 430 Raytheon 740 Benchmark Electronics 320 Jacobs 643 Kohler Co. 284 ERC 600 MATSU Alabama Inc. 263 Colsa Corporation 549 Kennametal Firth Sterling 245
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18 Materiel Management Acquisition, Contracting & Sustainment Space Operations & Missile Defense Exploration & Defensive Capabilities Research, Development, Test & Engineering Innovative Application of Sciences & Technologies Intelligence & Homeland Defense Threat Analysis & Explosives Training
19 Agency Budget NASA s Marshall Space Flight Center $2,300,000,000 Missile Defense Agency Huntsville/Redstone Activities $5,900,000,000 U.S. Army Materiel Command $54,100,000,000 U.S. Army Aviation & Missile Command $16,508,180,000 U.S. Army Program Executive Office Missile & Space $3,500,000,000 U.S. Army Program Executive Office Aviation $7,726,170,000 Integrated Materiel Management Center $277,000,000 U.S. Army Space and Missile Defense Command $845,800,000 U.S. Army Engineering & Support Center $948,000,000 U.S. Army Security Assistance Command $14,300,000,000* 2nd Recruiting Brigade $50,000,000 Redstone Test Center $210,000,000 Logistics Support Activity $77,000,000 U.S. Army Garrison $121,000,000 Aviation and Missile Research Development and Engineering Center $2,740,000,000 Missile & Space Intelligence Center (Defense Intelligence Agency) Classified Army Contracting Command $17,000,000,000 *includes Foreign Military Sales
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21 Base Realignment and Closure BRAC Represents the largest economic development jobs announcement in Alabama history The 2005 BRAC was completed on schedule in 2011 A majority of the jobs (55 percent) have been filled by people from outside of the Tennessee Valley Source: Redstone Arsenal Garrison
22 U.S. Army Materiel Command (AMC) General Lieutenant General Major General Major General Army Contracting Command Major General Brigadier General Commanding General Deputy Commander Chief of Staff DCS Operations U.S. Army Space & Missile Defense Command (SMDC) Lieutenant General Commanding General U.S. Army Aviation & Missile Command (AMCOM) Major General Commanding General PEO Aviation Major General PEO PEO Missile and Space Major General billet PEO Currently an SES U.S. Army Security Assistance Command (USASAC) Major General Commanding General Missile Defense Agency (MDA) Major General (USA) Major General (USA) Major General (USAF) Deputy for Test, Integration & Fielding Program Director GMD Deputy Director Commanding General ACC Commanding General ECC
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24 Overview: 50 year long term lease (w/25 year option) of 470 acres of underutilized land End state: 4 million sq. ft. office park including office, R&D, academic and conference space
25 Madison County ranks as the 9 th largest county in the US for defense spending
26 50 Years of Collaboration, Research, and Progress Key Statistics 9.5 million square feet 300 Companies 29,000 jobs Primary industries: Software design Engineering services Computers & Electronics Aerospace & Defense R&D Biotech
27 Moody s Economic Forecast Huntsville Metro Area Market Report March 2015 The Huntsville market is currently in an expansion cycle Moody s Analytics
28 Federal Reserve Board Metrics Metro Area Coincident Index The overall Huntsville economy continued to grow during the recession despite temporary cutbacks in employment Recession Huntsville 31% United States 11% 9% Alabama
29 Federal Reserve Board Metrics Employment Growth Bureau of Labor Statistics Huntsville added over 31,000 net new jobs Decline * Recovery * Huntsville 17% Decline * Recovery * United States 6% Alabama 2%
30 Federal Reserve Board Metrics Gross Domestic Product Growth Bureau of Economic Analysis The Huntsville economy continued to grow during the recession 5% Growth Huntsville 53% $7.5 billion more per year United States 22% 20% Alabama
31 Population Growth Trends Huntsville is one of the Top 35 fastest growing major metros in the country Southeast Metros #10 HUNTSVILLE, AL #10 in the South Population Growth
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33 Wage Comparisons Occupational Concentration Occupational Employment Statistics Huntsville Metro Area US = 1.0 Bureau of Labor Statistics, May 2014 The Huntsville Metro Area has the Highest Concentration of Engineering Occupations in the United States
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36 Through organic growth in the workforce, combined with focused efforts to retool employees from other economic sectors, the Huntsville area appears capable of accommodating an estimated 10,000 to 12,000 incremental manufacturing jobs over the next 10 years. Deloitte Consulting, July 2014
37 The Cost of Living Index for Huntsville tracks about 10% less than the national average. More money in your pocket. C2ER The Average Commute is about 20 minutes. Less time in your car and more time living. U.S. Census
38 UAHuntsville Highest ranking by the Carnegie Foundation for research 14 th for NASA research funding and 18 th for defense research funding by National Science Foundation Alabama A&M #5 in the US for engineering degrees to African Americans Calhoun Community College: 10,802 students Alabama F.A.M.E. a Toyota led work study program Drake State Technical College: 1,062 students North Alabama Manufacturing Technology Education Collaborative focusing on mechatronics Career Coaches K 12 Career Tech
39 5 public systems, 65,191 students 5 of Alabama s top 20 high schools K 12 International Baccalaureate Program with Career Certificate Largest fully digital system in the country Common Core State Standards 89% average graduation rate 39 private schools, 6,240 students
40 More than 250 performance and visual arts organizations, science centers and historical parks Alabama s Oldest Professional Symphony Orchestra Southeast s Largest Center for the Arts Home of Space Camp and Aviation Challenge
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