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A Compelling Story of Growth and
Potential
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With the
announcement of several large developments, Alabama’s Gulf Coast has been
brought forth upon the national stage. It is in this environment that
Baldwin County, with Mobile to the west and Pensacola to the east, finds itself
prepared to play an increasing role in regional growth.
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From
2006-2008, around 3,000 new condominiums and hotel rooms have been added
for an estimated $600 million to Gulf
Shores and Orange Beach’s inventory creating about 3,600 new jobs |
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Ryla Inc. announced in April 2009 their new regional headquarters would be
in Mobile County, creating more than 1,200 new
jobs |
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Approximately 4.53 million people visited Baldwin County in 2008 spending
$2.3 billion |
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International Paper announced plans in June 2008 for two 50 year developments, The Highlands
in Spanish Fort,
11,000 acre mixed use development with
28,000 homes and an estimated
7,000
jobs by 2022, and Roan's Creek in Loxley a
5,600 acre development |
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ThyssenKrupp AG is building a
$4.65 billion
steel mill in Mobile County with
2,700 employees
and an estimated
5,500 indirect jobs
in the region
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Northrop Grumman
competed and was selected as the main contractor to build the KC-45 Air Force tanker
with a
$600 million investment
employing 1,150 with an estimated
3,000 indirect
jobs regionally
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APM
Terminals North America has completed the first phase of the expansion of
the Mobile Container
Terminal, a $300 million intermodal facility, set to
employ 1,700. This phase has increased the port’s container capacity from 75,000 TEU's to
300,000 TEU's
per year. The second phase will bring this to 800,000 TEU's per
year |
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Retirement Systems of Alabama opened the RSA Tower, a 35 story building,
with over 650,000 square feet of Class “A” office space, a
$200 million
investment |
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Segers Aerospace made a $7 million
investment to open a plant that will employ
100 workers |
In just these few events,
over
20,000
new jobs
have or are planned to come into the region and that is just part of the
story. Forbes’ listed the city of Mobile as having the fastest rate
of growth of any metropolitan area in the country, 34% between 2007 and
2012. The region is experiencing growth unlike anything seen since the
build-up during World War Two to construct the “arsenal of democracy.”
Mobile
and Baldwin County are home to a convergence of several factors: a strong
transportation infrastructure, a growing population, quality educational
institutions and a location providing superior quality of life. With
interstates, rail, airports, in-land waterways and deep water ports, all
possible modes of transportation are represented. Furthermore, with a
regional population of 883,000 consisting of 406,000 in Mobile County,
174,000 in Baldwin County and 303,000 in Escambia County, Florida, location
of Pensacola, a large pool of population exists within easy reach. Couple
these assets with the scenic beauty of Alabama’s beaches and the recreation
industry, great potential exists for the future growth and development of
Alabama’s Gulf Coast.
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