CEO Guide to Site Selection

Alabama

A SWEET HOME FOR MANUFACTURING

While tourists may know Alabama for its beaches and sweet Southern hospitality, CEOs increasingly acknowledge the state for its growing port and business-friendly policies. In addition to tech and healthcare, the electric vehicle industry has made big strides here in the past couple of years. Mercedes-Benz now produces EV batteries in Tuscaloosa, and Hyundai is making the all-electric Genesis GV70 SUV in Montgomery. Toyota and Honda, both of whom have significant operations in the state, are starting to explore the EV market. To drive further momentum in the EV industry, the state held the Drive Electric Alabama EV Summit in September 2022.

“Our state is blessed to have numerous companies producing outstanding Alabama-American-made products every single day. During Manufacturing Month, I am proud to recognize 14 of the best our state has to offer. Alabama-made products speak to who we are as a state, and we could not be more excited to showcase these exceptional companies’ products and service to all our visitors today.”
Kay Ivey
Governor

TAXES

0 %

top corporate income tax

# 0

on the Tax Foundation’s State Business Tax Climate Index ranking

EDUCATION

0 %

of adults 25 years of age and older graduated high school

0 %

of adults age 25 and older have a bachelor’s degree or higher

UNEMPLOYMENT RATE

0 %

RIGHT TO WORK STATE

Yes

QUALITY OF LIFE

# 0

POPULATION GROWTH

0 %

increase between 2010 and 2020

KEY INCENTIVES

Apprenticeship Tax Credit: Offers a state income tax credit up to $1,250 per qualifying apprentice for up to ten apprentices employed.

Jobs Credit: Offers an annual cash rebate of up to 3% for new, direct jobs for up to 10 years, up to 4% if the business meets certain criteria, such as expanding into a sparsely populated community.

Investment Credit: Offers up to 1.5% of the qualified capital investment expenses for a qualified project of up to 10 years.

Growing Alabama Credit: Offers funds for site preparation and public infrastructure needs of existing industrial sites and other qualified purchases.

EDCs

Alabama Department of Commerce Business Development Division madeinalabama.com/business-development

Economic Development Partnership of Alabama
edpa.org

Amazing Alabama
amazingalabama.com

Economic Development Association of Alabama
edaa.org

Birmingham Business Alliance
birminghambusinessalliance.com

HIGHLIGHTED PROGRAM OR INITIATIVE

Aiming to further improve the supply chain and logistics network for manufacturers in the state, Alabama launched the A-USA Corridor in January 2022. The $231 million project will upgrade the logistics infrastructure with a 280-mile rail network to link the Port of Mobile with the McCalla Intermodal Facility near Birmingham. It will also link several major economic development sites along the way.

BIG DEALS

  • Lake Homes Realty and RealSource Title Insurance and Real Estate Closing announced in March 2022 plans to establish a new HQ and create 400 jobs in Hoover.
  • Niagara Bottling announced in March 2022 a $112 mil- lion production facility and 50 new jobs in Opelika.
  • Shinhwa Auto USA announced in May 2022 a $78 mil- lion expansion and 42 new jobs in Auburn.
  • Ecore International announced a $25.5 million manufac- turing facility and 84 new jobs in Ozark.
  • Novelis broke ground in October 2022 on a $2.5 billion aluminum mill that will create 1,000 jobs in Baldwin County.
  • Lockheed Martin announced in October 2022 a $75 million expansion in Lawrence County.
  • ISA Alabama Corporation announced a $9 million expansion and 80 new jobs in Hartford.
  • Mercedes-Benz started production in August 2022 of its all electric EQS SUV at its Tuscaloosa County plant.

BIG COMPANIES

  • Regions Financial (Fortune 500 headquarters)
  • Vulcan Materials (Fortune 1000 headquarters)
  • Encompass Health (Fortune 1000 headquarters)
  • Mazda Toyota Manufacturing Mercedes-Benz
  • Amazon Airbus Hyundai
  • Lockheed Martin Northrop Grumman
  • ArcelorMittal (AM/NS Calvert)
Roundtable

Strategic Planning Workshop

1:00 - 5:00 pm

Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process

Executives expressed frustration with their current strategic planning process. Issues include:

  1. Lack of systematic approach (70%)
  2. Laundry lists without prioritization (68%)
  3. Decisions based on personalities rather than facts and information (65%)

 

Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns.  They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning.  Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process.  This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented.  If you are ready for a Strategic Planning tune-up, select this workshop in your registration form.  The additional fee of $695 will be added to your total.

To sign up, select this option in your registration form. Additional fee of $695 will be added to your total.

New York, NY: ​​​Chief Executive's Corporate Citizenship Awards 2017

Women in Leadership Seminar and Peer Discussion

2:00 - 5:00 pm

Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations. 

Limited space available.

To sign up, select this option in your registration form. Additional fee of $495 will be added to your total.

Golf Outing

10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS

General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.

The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.

To sign up, select this option in your registration form. Additional fee of $295 will be added to your total.