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Economic Profile

 

Mobile is continuing to build a vibrant environment for businesses as we diversify and strengthen our economy. The region has successfully transitioned to a center for high-end manufacturing, logistics/distribution, technology, healthcare, finance and education. The success of resident businesses is attracting new investment. German steel manufacturers ThyssenKrupp and Berg Steel and Sweden's SSAB have dramatically increased high-end steel production.

The area's economic growth is a direct result of our workforce, low costs to operate a business and quality of living.

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

Aviation/Aerospace

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

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Manufacturing

Though American manufacturing 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

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High-Tech

Mobile area high-tech companies run the gamut, from start-up entrepreneurial companies such as Southern Light to global leaders including Mitsubishi and Lenzing Fibers. Our healthcare IT industry is represented with firms developing software to those improving processes for medical offices.

As the focal point for technology in South Alabama and the central Gulf Coast, the Gulf Coast Technology Council (GCTC) is helping transform the area's economy to take advantage of strengths in three areas:  software/information technology, engineering sciences and biomedicine/biotechnology. Refer to the GCTC website - www.gulfcoasttechnology.com - for more information.
High-Tech

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Logistics, Distribution and Transportation

Our 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 Austal, BAE Systems, BASF, Kimberly Clark, ThyssenKrupp and many other companies are shipping throughout the U.S. and world markets within days at costs lower than many other locations.
Logistics


Mobile Bay - The Place for Transportation and Distribution

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Healthcare

Mobile has a long-standing reputation as a regional center for medical care, research and education. Nearly 10 percent of the area's workforce is employed in the healthcare sector, including 850 physicians and 175 dentists who are drawn by the quality of life and commitment to the industry. Mobile is home to the Mitchell Cancer Institute (MCI), the region's only academic cancer research facility bringing treatment and research under one roof.
Healthcare

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Oil and Gas

The Mobile area's oil and gas industry employs nearly 2,000 people, with a $100 million annual payroll and more than $4 billion in capital investments. OffshoreAlabama.com is a marketing initiative for the oil and gas industry and is a program of the Mobile Area Chamber of Commerce. Visit www.OffshoreAlabama.com for more information.

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Economic Data Resources

University of South Alabama Center for Real Estate Studies Market Watch - Economic indicators and real estate trend 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 and sites, local taxes, education institutions and more.

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

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

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County Websites in the Mobile Area

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