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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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Over
3 million square feet of new retail space has opened or is under
construction requiring an estimated 12,000 employees |
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Approximately 4.7 million people visited Baldwin County in 2007 spending
$2.3 billion |
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International Paper announced plans 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 announced development of a
$3.7 billion
and
2,700 employee
steel mill in Mobile County with an estimated
5,500 indirect jobs
in the region
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Northrop Grumman and
EADS North American won the contract to build KC-45 Air Force tanker a
$600 million investment
employing 1,150 with an estimated
3,000 indirect
jobs regionally
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Airbus announced plans
to construct a civilian cargo version of the Airbus A330 in this facility,
resulting in
additional 300 jobs
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Austal USA has
initiated a
$200 million expansion with
1,200 new jobs to support
construction of the US Navy’s Littoral Combat Ship
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APM
Terminals North America announced development of Mobile Container
Terminal, a $300 million intermodal facility, set to
employ 1,700 and
increase the port’s container capacity from 75,000 TEUs to 800,000 TEUs
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 |
In just these few events,
$5 billion
of investment and almost
30,000 new jobs
have or are planned to come into the region and these are 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 882,000 consisting of 404,000 in Mobile County,
172,000 in Baldwin County and 306,000 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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