Post on 05-Aug-2016
description
Huntsville area leads the nation in new construction job growth
The Associated General Contractors of America, February 2016
Population Density
Redstone Arsenal
2015 Total Population (Esri) by Census Tracts
10,173– 14,511 7,487– 10,172 5,147– 7,486 3,250– 5,146 592– 3,249
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
Economic Growth Index
COMBINED EMPLOYMENT, GDP AND WAGES
-5%
0%
5%
10%
15%
20%
25%
30%
35%
40%
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
COMBINED EMPLOYMENT, GDP AND WAGES
U.S. 14%
Alabama 10%
Huntsville 33%
Economic Growth Since 2007
Huntsville has the skilled workforce to support an additional 10,000 manufacturing jobs through 2024.
0 5 10 15 20
GDP
Employment
Population
HuntsvilleUnited States
14.7%
4.7%
13.0%
6.6%
2.8%
6.6%
Legacy of Innovation & Exploration
AGRICULTURE
VON BRAUN ARMY MISSILES
NASA APOLLO
DIVERSIFIED MANUFACTURING
SPACE DEFENSE ELECTRONICS
SPACE SCIENCE
417,593 METRO POPULATION 101,959 108,669 153,861 228,239 242,971 293,047 342,378
BRAC BIOTECH
ADVANCED MANUFACTURING
Primary Industries
DEFENSE
AEROSPACE
LIFE SCIENCES
INFORMATION TECHNOLOGY
ADVANCED MANUFACTURING
Economic Development Highlights
ANNOUNCED NEW JOBS, 2001-2015
1,015 840 1,063
BRAC 1,300 2,000 2,000
400 450
4,714
300 600
Space Operations & Missile Defense Exploration & Defensive Capabilities
Intelligence & Homeland Defense Threat Analysis & Explosives Training
Research, Development, Test & Engineering Innovative Application of Sciences & Technologies
Materiel Management Acquisition, Contracting & Sustainment
Redstone Arsenal 38,000 Acres 41,866 Jobs
14 General Officers & 123 SES Positions
Total budgets managed: More than $50 Billion
Top Military Spending Locations
Sources: Defense Manpower Data Center, U.S. Bureau of Economic Analysis, U.S. Census Bureau, and Chmura Economics & Analytics
Fairfax County, Virginia $19.1 B San Diego County, California $15.1 B Tarrant County, Texas $13.8 B Los Angeles County, California $ 8.0 B Santa Clara County, California $ 7.4 B
Madison County, Alabama $ 7.0 B Honolulu County, Hawaii $ 6.7 B Bexar County, Texas $ 6.7 B District of Columbia $ 6.5 B Newport News City, Virginia $ 6.2 B
Fairfax County, Virginia
District of Columbia
Newport News City, Virginia
Madison County, Alabama Tarrant
County, Texas
Bexar County, Texas
Santa Clara County, California
San Diego County, California
Los Angeles County, California Honolulu
County, Hawaii
FY2014
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
• Second-Longest Runway in the Southeast (12,600 ft)
• Foreign Trade Zone 83 • Non-Stop Cargo Flights to
Europe, Asia & South America
Top Airports in the U.S. for International Cargo
1. Miami
2. JFK
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
517,000 labor force
1.1 million people
43,000 daily commuters
13-County Workforce Region
Highest ratio of engineers in the U.S.
Top 5 for software developers
Top 5 for electronics, computer hardware and
materials engineers
Highest ratio of computer systems analysts and user support specialists
Skilled workforce to support additional 10,000 manufacturing jobs through 2024
Top 15% of population with
bachelor’s degree or
higher
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
Huntsville: Gig City
Create • Innovate • Explore
www.hsvchamber.org