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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.

Rapid Growth Spurs LSINC to Purchase Building in CRP

LSINC has moved to 490 Discovery Drive. (LSINC Photo)

Less than a year from a ribbon-cutting ceremony when it moved into Cummings Research Park, LSINC has now changed addresses with the purchase of its own building elsewhere in the park.

The time of rapid growth necessitated the purchase for the Huntsville-based company. It will allow LSINC to better serve current customers, as well as allow for planned, targeted expansion into new markets.

“Purchasing a building is our commitment to our customers, employees, and the community,” said CEO Alicia Ryan. “We now have significantly more space and that will allow us to work multiple product-development projects for our clients and more easily accommodate our customers’ propriety and classified projects.

“The timing is wonderful, too, as we’ve recently begun work on our own research and design initiatives, and we now have more room to develop LSINC-branded products.”

The company’s new location is a 51,300 square-foot facility at 490 Discovery Drive. It includes 36,000 square feet of laboratory and manufacturing space with a loading dock and two drive-in doors. Assisting LSINC in site-selection were Binswanger Management and Samples Properties. Fuqua and Partners Architects is assisting with the remodeling and design.

The building will feature a specially designed innovation space with a collaborative environment for creative meetings with clients when launching the design phase of the product development process.

“By integrating our strategy approach with the product development process, we help clients think through all the possibilities and markets for how a product can be used prior to starting the design phase,” said company President Robert Lightfoot. “Our Strategy Assurance approach results in products that are engineered for the right solutions.”

The innovation space also will be used for internal R&D meetings for LSINC-branded products.

25 Area Businesses Ranked Among Inc. 5000

 

Fresh on the heels of the Huntsville Madison County Chamber’s annual Small Business Awards celebration, several local companies received news Wednesday they have joined an elite group.

The annual Inc. 5000 list was unveiled and it included 25 Madison County small businesses.

“If your company is on the Inc. 5000, it’s unparalleled recognition of your years of hard work and sacrifice,” said James Ledbetter, the magazine’s editor in chief. “The lines of business may come and go, or come and stay.

“What doesn’t change is the way entrepreneurs create and accelerate the forces that shape our lives.”

Reflective of Huntsville’s “Federal City” moniker, 21 of the 25 businesses are in government services.

Cintel was the highest-ranked local business, coming in at 252. It was followed by Yorktown Services, 749; Hill Technical Solutions, 797; R2C Support Services, 1263; Pinnacle Solutions, 1558; Mission Driven Research, 1638; Shearer, 1690; IronMountain Solutions, 1741; Matt Curtis Real Estate, 1791; MSB Analytics, 1827; Spur, 2047; Kord Technologies, 2298; nLogic, 2350; MartinFederal, 2575; Sentar, 2853; Venturi, 2860; TriVector Services, 3040; Thompson Gray, 3235; Monte Sano Research, 3338; nouSystems, 3396; Torch Technologies, 3397; Keel Point Partners, 3752; LSINC, 3904; Trideum, 4870; and enVention, 4903.

The complete list can be found at http://www.inc.com/inc5000/list/2018 and in the September issue of Inc. magazine, which is on newsstands now.