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