Economic Profile

Mobile on the Move. Mobile continues to build a vibrant environment for business as it focuses on growing its economy through diversification and investment in its assets. The region has successfully moved away from its dependence on traditional paper and chemical industry core to a center for high-end manufacturing, logistics/distribution, technology, healthcare, finance and education in the U.S. Gulf Coast Region. However, the success of its resident businesses has assisted in attracting new investment to the area. German steel manufacturer, ThyssenKrupp, scheduled for production in its first U.S. plant in 2010, and Berg Steel next year, will dramatically increase high-end steel production in the area.

At a recent Economic Forecast Conference hosted by the University of South Alabama, presentations made indicated that the Mobile area economy should continue to grow at the pace it has for the last 5 or more years with increases in many industry sectors. This growth is due to the continued attraction to the area for its workforce, low cost of operating a business, and quality of living in the community.

For the most recent economic growth analysis in the Mobile area, click here.

Aviation

Mobile is situated in the middle of South Alabama’s Aviation Triangle (along with Dothan and Montgomery), which has an impressive concentration of aviation manufacturers.

Global aviation leaders have found multiple reasons to operate in Mobile. The area has the right combination of low business costs, skilled labor force in a right-to-work state, and intermodal access to national and international markets. Aviation/Aerospace (doc)

Manufacturing

Though manufacturing in America has declined in recent years, the industry is stronger than ever in the Mobile area, especially in the high-end sectors such as steel, aviation, and electronics. Manufacturers benefit greatly from the skilled workforce, pro-business government, low tax rates, and multi-modal transportation infrastructure. Manufacturing (doc)

Information Technology

The high technology companies in the Mobile area run the gamut, from start-up entrepreneurial companies such as Mentor Graphics, to global leaders including Mitsubishi and Lenzing Fibers. Healthcare is particularly represented with firms that develop software to improve processes for medical offices. Information Tech (doc)

Logistics, Distribution and Transportation

Mobile area companies benefit greatly from the multi-modal transportation infrastructure and the commitment by local and state authorities for ongoing investment. Domestic and global leaders such as Kimberly Clark, Austal, Conrad Yelvington Distributors, Ciba Specialty Chemicals, Atlantic Marine and many other companies are shipping throughout U.S. and world markets within days at costs lower than many other locations. Logistics (doc)

Healthcare

Mobile is a regional center for medical care, research and education. Almost 10 percent of Mobile’s workforce is employed in the healthcare sector, including 850 physicians and 175 dentists that were drawn by the quality of life and commitment to the industry. Healthcare (doc)

Economic Data Resources

University of South Alabama Center for Real Estate Studies Market Watch - Economic indicators and real estate trends reports by the Mitchell Center for Real Estate Studies.

Economic Development Partnership of Alabama - Demographic profiles of each Alabama county including resources and assets such as buildings & sites, local taxes, education institutions and more.

Alabama Power Company - Economic development programs of the power company serving the Mobile area.

Mobile Downtown Alliance - The Downtown Mobile organization site has a commercial and residential real estate listing, city and county incentives, and news about recent downtown projects.

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