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Strong Economic Numbers, Distinguished Service Highlighted at Chamber Meeting

Someone said that looking back, 2018 was a year for the record books for Huntsville and Madison County …. “off the charts” and “epic”.

That someone was Chip Cherry, president and CEO of the Huntsville/Madison County Chamber of Commerce. His remarks came Wednesday at the 83rd Annual Chamber Membership Meeting.

According to real numbers, his proclamation was not overstated.

Huntsville finished 2018 ranked sixth in the nation for job growth according to 24/7 Wall Street. In all, five new companies broke ground, bringing more than 4,200 jobs to Madison County. They made capital investments of $2.3 billion while 13 current companies made capital investments of just under $350 million and nearly 1,000 jobs.

The groundbreaking of the $1.6 billion Mazda Toyota Manufacturing USA plant at Greenbrier Road and Old Highway 20 was the biggest economic story of 2018. The plant is expected to create 4,000 jobs by 2021 when it opens.

Cummings Research Park, the second-largest research park in the nation, is at 91 percent occupancy, marking three groundbreakings and 10 ribbon-cuttings in 2018.

To provide some perspective, the Economic Growth Index, which reflects combined employment, GDP, and wages, shows Huntsville with a 38 percent growth rate in 2018. Compare that to 23 percent nationally and 15 percent growth for the state of Alabama, and Huntsville more than doubles statewide economic growth!

Keynote speaker Chris Voss, author and founder/CEO of the Black Swan Group and a former international kidnapping negotiator for the FBI, used humor and intrigue in speaking to the membership about the art of business negotiation.

Before passing the gavel to 2019 Chamber Board Chair Kim Lewis, outgoing Chair Gary Bolton honored Alicia Ryan of LSINC with the Distinguished Service Award for her volunteer work serving as the vice chair of the Board of Directors for the Alabama School for Cyber Technology and Engineering, a statewide magnet school created by the Legislature in 2018. She also serves as the chair of the Board of the Foundation supporting the school, which will be the first of its kind in the nation to address the growing demand for cyber and engineering professionals in the workforce.

Huntsville received several significant media recognitions recently. According to The New York Times, Huntsville is one of 52 Places to Go in 2019; Huntsville ranks No. 7 in the Best Places to Live in the U.S. by U.S. News & World Report; and the city is No. 3 on the Wall Street Journal‘s Where You Should Move to Make the Most Money list.

Bolton, vice president of Global Marketing at Adtran, presented a $10,000 donation on behalf of his company to the Alabama School for Cyber Technology and Engineering.