Sunday, October 9, 2016

Location Research: Huntsville, Alabama

Industry
Huntsville, Alabama is a city that is rapidly becoming an industry-leader in technology and science. The city is host to many different industries but the three large ones are: Aerospace/Defense, Advanced Manufacturing, and Bio-science. Red Stone Arsenal is host to many companies and agencies like NASA, ATF, US Army Command, and the FBI. There is also 12 research industrial parks like Cummings Research Park.

There are over 200 different manufacturing companies that create parts for the auto and aerospace industry leader. Many "local manufacturing operations are located in one of the area's publicly owned industrial parks with sites and infrastructure currently in place for immediate and future growth."

The city also features "a wide range of  manufacturing [for] telecommunications hardware, circuit board and communications sub-component assembly and design, sensors and radars for advanced missile systems and detection, and software engineering."

All of these industry and manufacturing opportunities could be beneficial for a product highly dependent on manufacturing and information technology.

Taxes
Huntsville offers tax incentives for companies. Most categories of taxes have abatable terms which companies must meet and get approved. These abatable taxes essentially mean that companies, assuming they meet the right requirements (depending on factors like industry, location, etc), could stand to pay less in taxes and earn more profit.

Building Options
There are 85 industrial buildings for lease in the Huntsville area that are around the size I am looking for. Further individual research will have to be done, but there are plenty of options for a business to grow and develop in.

Transportation
Huntsville has access to several railroad lines, I-65, and a National Airport. Many of the industrial buildings are in close proximity to other companies, lodging, amenities, and high traffic areas. Having routes to receive and ship are a definite must, but it looks like Huntsville has that covered.

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