champion public education and build a competitive workforce

Transcription

THE NUMBER ONE BUSINESS SOURCE
FOR MONTGOMERY AND THE RIVER REGION
PUBLISHER
Randall L. George
Imagine a greater montgomery
2011 progress Report
Executive Editor
Tina McManama
Managing Editor
David Zaslawsky
Design
Copperwing Design
Photograper
Robert Fouts
Imagine a Greater Montgomery is Changing the Landscape
4
Goal I - Champion Public Education and Build a Competitive Workforce
9
Goal II - Strengthen the Regional Economy
12
Goal III - Transform the Image of Montgomery
22
Goal IV - Embrace Diversity and Enhance Leadership Capacity
30
Imagine a Greater Montgomery Founders
33
On the cover:
Photograph by Mark Dauber, The Dauber Gallery
Montgomery Business Journal
c/o Montgomery Area Chamber of Commerce
Post Office Box 79
41 Commerce Street
Montgomery, Alabama 36101
Telephone: 334-834-5200 Fax: 334-265-4745
Email: mbj@montgomerychamber.com
www.montgomerychamber.com/mbj
The Montgomery Business Journal (USPS NO. 025553) is published
monthly except for the combined issues of June/July and November/
December, by the Montgomery Area Chamber of Commerce,
41 Commerce Street, Montgomery AL 36104, (334) 834-5200,
www.montgomerychamber.com. Subscription rate is $30 annually.
Periodicals Postage Paid at Montgomery Alabama, 36119+9998, USPS
NO. 025553. June/July 2011.
POSTMASTER send address changes to Montgomery Business
Journal, c/o Montgomery Area Chamber of Commerce, P.O. Box
79, 41 Commerce Street, Montgomery AL 36101, or email mbj@
montgomerychamber.com. The Montgomery Business Journal welcomes
story ideas from its readers. Email to: editor@montgomerychamber.com.
Subscriptions are a part of the Montgomery Area Chamber of Commerce
dues structure. Subscriptions can also be purchased for $30 per year at
www.montgomerychamber.com/mbjsub.
2011 Progress Report Montgomery Business Journal
3
Changing the
Landscape
a n d
4
Montgomery Business Journal 2011 Progress Report
d r e a m i n g
i n
v i b r a n t
C o l o r
In 2007, Montgomery’s
business and elected
leadership imagined a
greater Montgomery. They
thought broader, dreamed
bigger, and looked to the
future. Public and private
sector together, they
painted a picture of what
they wanted Montgomery
to look like in five years.
Over the past five years, the Montgomery
The portrait of progress they painted became
Chamber’s Imagine a Greater Montgomery
known as the Imagine a Greater Montgomery
Founders – those businesses and public
strategy for economic development.
sector leaders who stepped up to invest
And the results are literally changing
in building a better and more prosperous
the landscape of our city and region.
future for all.
Area Chamber of Commerce has worked
as part of an amazing team of business,
elected and civic leadership committed
to turning that strategy into action. Each
year the Chamber’s annual business
plan has attacked pieces of the strategy,
hammering away at the four major goals
that drive every Chamber initiative.
This Progress Report highlights some
of the major achievements under the
Imagine a Greater Montgomery strategy.
In addition, you will see the profiles of the
2011 Progress
MayReport
2011 Montgomery Business Journal
5
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CNN traveled to Montgomery late in 2010 and spent five days profiling this case study of a
dynamic city focused on building itself to emerge stronger and more vibrant than ever before.
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“The Chambers I have seen around the
country that have worked the best in
cities are the Chambers that really work
in cities. It’s not just a matter of PR; it’s
a matter of doing it. From what we have
seen here, the Chamber is doing it.”
~ Tom Foreman, CNN Anchor and Reporter, CNN’s Building Up America Series, 2010
ic
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w i fa b r
2011 Progress
Special Edition
Report Montgomery Business Journal
7
Doing what is
necessary is key
to progress
While the economic correction has
been painful and long, Montgomery’s
economy has succeeded in
lessening its burden by attracting
new capital investment and new
job prospects. In 2010, Hyundai
Power Transformers USA invested
$120 million in Montgomery. The
operation is expected to create
1,000 manufacturing jobs for the
region’s economy. This investment
was the single largest industrial
project in the State, both in terms
of capital investment and projected
number of jobs. Furthermore, in
2010, the City was ranked 2nd
in the State in terms of new and
existing business expansion.
The region’s future economic
prospect is promising. We are
home to one of the fastest growing
automobile producing companies in
North America. We have access to
interstate highways. We have access
to quality institutions of higher
education. And, until now the region’s
economy was securely anchored
around the State and Federal
government. The challenge that
remains is how we adapt to the new
economy as the government sectors,
at all levels, begin to right-size
themselves and as the new and highly
technology driven global economy
begins to assert its role and demands
its share of economic prosperity.
In addition, there have been many
positive developments in Montgomery
and the River Region, in spite of
the economic correction. Through
investments in infrastructure, like
the revitalization of downtown,
favorable improvements to the
airport, the resurfacing of I-65,
launch of the first phase of the I-85
extension in East Montgomery,
the new connector road — the
Montgomery area clearly has been
busy building its ‘quality of place’.
As a result, there is a transformation
taking place in Alabama’s capital
city. What I have seen is a change
in attitude in Montgomery, of
having a plan, and knowing no
fear in following that plan.
It is time we begin to forge a dream
that runs parallel to the reality of
the new business world and the
new economy. We need to focus
on building an economy based
on cutting edge infrastructure
and education that can compete
globally and unconditionally. That,
of course, requires the will to do
what is necessary and to make the
essential sacrifices. Imagining,
and building, an even greater
Montgomery will demand even
more of its elected and business
leadership, but the results will pay
dividends for many years to come.
Goal I
Champion Public
Education
and Build a
Competitive
Workforce
“What I have seen is a change in
attitude in Montgomery, of having
a plan and knowing no fear.”
Dr. Keivan Deravi,
Special Assistant to the
Chancellor/Economic
Affairs at Auburn
University Montgomery.
8
The new Carver High School
is home to the Advanced
Manufacturing Career
Academy and the Hospitality/
Tourism Career Academy.
9
Goal 1: Champion Public education and build a competitive workforce
“The bottom line for the Career Academies is workforce
development, which will make us more competitive. It will
improve the quality of life in the community for everyone.”
Keith Karst , division manager of customer services for Alabama Power Co. and
chairman of the Chamber’s Education and Work Development Council
Keith Karst, (left) chairman of the Montgomery Area Chamber of Commerce’s Education
and Workforce Development Council; Cheryl Fountain, principal of Sydney Lanier High
School; and Arthur DuCote, chairman of the Chamber’s Career Academies Task Force.
Montgomery Public Schools
Points of Excellence
Graduation rates climbed 10 points in 2010,
More than $145 million to 88.7%, surpassing the state average.
is transforming Montgomery Public
91% of schools made AYP in 2010,
School facilities thanks to the strong and reached 97% of AYP goals.
leadership and partnership of the
T.S. Morris Elementary and E.D. Nixon Elementary
were
named Alabama Torchbearer Schools.
City of Montgomery, Montgomery
County Commission and Montgomery Booker T. Washington Magnet High is among Newsweek
County Board of Education. magazine’s 2010 best American high schools.
O ther C hamber
Brewbaker Technology High School was named a
U.S. Department of Education Blue Ribbon School of Excellence in 2010
E ducation I nitiatives
The Chamber’s School Clean Up
Every
school in the district is
Through the Chamber’s Education and
cleaned,
painted, landscaped and
Workforce Development Council, senior-level business
ready for students each fall.
and elected leaders are bringing meaningful change to
Montgomery Public Schools.
The Leadership Development Institute
Led
by the Chamber partnering with Maxwell
Seven new Career Academies (with two more underway) are
AFB and area universities, every principal
transforming Montgomery’s workforce. About 630 students
and administrator in the Montgomery Public
are enrolled in the seven Career Academies. School system receives leadership training.
Career Academies
Information Technology Career Academy
at Robert E. Lee High School
Can Do Nation Website
Created in partnership with the Chamber’s
Facilities Taskforce to increase community
participation with the schools.
Teaching Career Academy
at Jefferson Davis High School
Business/Finance Career Academy
at Sidney Lanier High School
New Career Academy Camps
Camp.edu, Camp Bones, and Camp Ca$h
Flow prepare eighth-grade students to
participate in Career Academies.
Law/Public Safety Career Academy
at Sidney Lanier High School
Health Science Career Academy
at Jefferson Davis High School
Hospitality and Tourism Career Academy
at George Washington Carver High School
Advanced Manufacturing Career Academy
at George Washington Carver High School
10
“Career Academies
are intended to be the bridge
between education and careers.”
New George Washington Carver High School
Forest Avenue Elementary was named a Blue Ribbon School in 2009.
$48 million
New Johnny Carr Middle School
$27 million
New east-side high school
estimated $24 million
New Bellingrath Middle School
$20 million
Loveless High School was named U.S. News and World Report’s 25th best
high school in the nation; the only Gold Medal winner in Alabama.
Loveless High School was named a 2010 Newsweek magazine Elite School.
Booker T. Washington and Brewbaker Technology were named
U.S. News and World Report’s Bronze Medal winners.
Sixteen MPS students were among the top scholars in the nation
through national merit and national achievement scholars programs.
New Wilson Elementary School
$18 million
Dalraida Elementary School (renovation)
$7 million
Pintlala Elementary School (renovation)
$670,000
Mon tg om e ry P u bl ic
Sc hool s Ac h i e v i ng
E xc e l l e nc e
Arthur DuCote, executive vice president and Central
Alabama Area president for Regions Financial Corp. and
chairman of the Chamber’s Career Academies Task Force
11
Goal ii
In May 2011, Hyundai Motor Manufacturing Alabama (HMMA) announced a $173 million, 214-job expansion – the largest
capital investment in Alabama for 2011, to date. HMMA announced a capital investment of $50.5 million in 2010 to produce
the engine for the Elantra. And in 2007, the third-largest manufacturing project in the state was the addition of an engine plant
at HMMA’s Montgomery facility, a $270 million expansion with 522 jobs. With approximately $1.85 billion in capital investment
since 2002, HMMA employs almost 3,000 team members.
Strengthen
the
Montgomery
Regional Economy
Montgomery landed Alabama’s largest new economic development
project in 2010, ranking first in terms of
investment and new jobs. And, Montgomery
is leading the state in 2011 with the largest
project capital investment to date.
12
13
GOAL 2: STRENGTHEN THE MONTGOMERY REGIONAL ECONOMY
Montgomery emerged from the recession stronger in job
creation, one of the few communities to post net job growth
from 2000-2010.
The largest existing industry announcement in 2010
was MOBIS Alabama, which is spending $59.7
million to expand its facilities and will hire 250 people.
MOBIS also expanded in 2007, adding nearly 150
workers with a capital investment of $55.6 million.
Alabama’s largest new industrial project in 2010
was HYPO (Hyundai Power Transformers USA).
With an investment of $125 million and the
creation of 1,000 jobs, the plant is Hyundai Heavy
Industry’s first facility in North America.
United States
GenPak is adding 40 jobs in a
$3.1 million investment to produce new
food-service container products.
-.1%
Alabama
-2.4%
2.8%
Montgomery
8.5%
United States
6.6%
Alabama
11.1%
Sources: U.S. Bureau of Labor Statistics; Quarterly Census of Employment and Wages; Moody’s economy.com
Montgomery
Community Newspaper Holdings Inc. will
locate its corporate offices to Montgomery’s
RSA Judicial Building in 2011.
Dow Corning is creating 30plus jobs as part of a $30 million
project to increase capabilities
at its Montgomery plant.
Even after the economic reset, Montgomery continued to post job
gains during the period 2000 – 2010, while the state and nation
lost jobs between January 2000 and December 2010.
2000-2010
The Chamber announced the
successful recruitment of two
corporate headquarters in 2010.
Source: Alabama Development Office
Employment in Montgomery surged
by 17,378 jobs or 11.1%.
2000-2007
Montgomery ranked first in
the state in the number of
announced new jobs and capital
investment created by new
industry in 2010, with the creation
of 1,144 jobs and $131,900,000
in capital investment.
Hager Companies consolidated its operations
by closing a facility in Oxford, Ala., and
moving those operations and product lines
to its Montgomery plant. The consolidation
solidifies Montgomery’s operations, where
the company employs about 275 people.
In 2009 Neptune Technolog y Group expanded
and announced it would hire up to 90 engineers
to join its headquarters in Tallassee.
With approximately $1.85 billion in capital
investment since 2002, HMMA employs
almost 3,000 team members.
When Hyundai Motor Manufacturing Alabama (HMMA)
announced a $173 million, 214-job expansion, it was the largest
capital investment in Alabama for 2011. HMMA announced a
capital investment of $50.5 million in 2010 to produce the engine
for the Elantra. And in 2007, the third-largest manufacturing
project in the state was the addition of an engine plant at HMMA’s
Montgomery facility, a $270 million expansion with 522 jobs.
173
$
MILLION
Hausted Patient Handling Systems
purchased a portion of STERIS
Corp.’s business and decided to stay in
Montgomery and create 49 jobs with a
capital investment of $3.1 million.
214
JOBS
Hyundai 2011 Expansion
14
15
115
%
INQUIRIES
VISITS
The Chamber’s actual corporate
development prospect visits
increased 115% from 2008 to
2010, with inquiries up 71% for
the same period.
71
%
Montgomery’s per capita income
surpassed that of the state in 2009.
Montgomery’s average annual wage
increased 16.3% between 2005 and 2010.
Montgomery
+16.3%
Alabama
+14.9%
United States
+14.7%
Montgomery was ranked #7
in Economic Growth Potential
in Business Facilities Magazine’s
2011 rankings.
$45,000
Source: U.S. Bureau of Labor, Quarterly Census of
Employment and Wages
$30,000
$25,000
$20,000
Montgomery ranked #8 for
Potential Job Growth in Forbes
Magazine’s 2010 Best Places
for Business and Careers.
$33,360
$35,000
$35,973
$40,000
$15,000
$10,000
$5,000
Montgomery was the most affordable housing market
among comparable Southeastern markets by Q2 2010.
$0
Housing Affordability Index Q2 1010. Index of 100 is average.
Montgomery Alabama
100
189.1
157.1
150
179.5
221.4
200
207.1
250
194.9
Source: U.S. Bureau of Economic Analysis,
Moody’s Economy.com
50
es
a
St
at
am
Un
ite
d
la
b
A
Sh
r
Lo eve
ui po
si rt,
an
a
ch
Vi mo
rg nd
in ,
ia
Ri
Li
tt
A le R
rk oc
an k
sa ,
s
M
on
tg
om
er
y
0
Source: National Association of Realtors; Moody’s economy.com
16
17
The Chamber’s Small Business Resource
Center is thriving, providing programs for
every phase of a growing a small business.
Services include mentoring
in important areas such as
financial planning, marketing,
and future growth strategies;
workshops, seminars and
classes on all aspects
of successful business
development; guidance in
developing business contacts,
pursuing government
contracts and opportunities.
The growth in the medical community has been
nothing short of spectacular the past five years.
The newly renovated
foyer presents a modern
look, reflective of the
program’s success.
Envision 2020, in partnership
with the City of Montgomery,
the Montgomery County
Commission and regional
medical facilities, was the
catalyst for the new River
Region Health Center, which
wll replace the aging Lister
Hill Health Center. The new
facility, which will be operated
by Health Services Inc., is
being built adjacent to Jackson
Hospital and expected to treat
about 25,000 patients a year.
Minority small-business
membership in the
Chamber grew by 5% in
2010 through outreach and
community engagement.
Co-working office space is
available for entrepreneurs
who need limited space
on a permanent or
temporary basis.
For every $1 invested,
the Small Business
Resource Center
returns $3 to the
region’s community.
18
Baptist Health has expanded
services at its three hospitals.
The Taylor Medical Complex, on
the grounds of Baptist Medical
Center East facility, contains
an expanded Montgomery
Surgical Center. Baptist also
operates four imaging centers.
Jackson Hospital has opened a surgery
center and an imaging center as
well as a family medical clinic.
19
Maxwell/Gunter
Air Force Base
Maxwell Air Force Base
“Intellectual and
Leadership Center
of the Air Force.”
$1.4 billion
Air University’s Officer Training
$271.5 million
School was expanded in 2010 and
now includes all Reserve and Air
National Guard Officer Training
No mistake about it – Montgomery
is a military town. The continued support
from elected officials, business leaders and
the Chamber has strengthened and grown the
missions at Maxwell/Gunter Air Force Base.
Behind the scenes, the Chamber, along with elected
leadership, has worked to preserve and/or create close
to 1,000 jobs at Maxwell/Gunter Air Force Base.
in addition to the existing Active
Duty Officer Training mission,
resulting in an additional 50 fulltime military instructors and 300
additional students attending
Officer Training School each year.
More than 30,000 students attend
Air University each year.
overall economic impact
$732.4 million
annual payroll
annual contracts
2,300
active-duty military personnel
1,200
Air Force Reserve personnel
3,700
government civilians
2,100
civilian contractors
In 2010, the Air Force Program
13,605
Executive Office for Business and
family members with the
active-duty military
Enterprise Systems was formed
Maxwell and Gunter Air Force Base
construction projects total more than
$147 million in the past five years alone.
at Gunter. It was a reorganization
14,300
of the old Operations Support and
retirees
The Air Force Program Executive Office
for Business and Enterprise Systems
Headquarters at Gunter manages a
contract portfolio valued at $806M.
The Muir S. Fairchild Research
Center at Maxwell – the largest
military library in the country – will be
expanded in a $13.4 million project.
Sustainment Group (OSSG).
The 26th Network Operations
Montgomery was selected in 2010 as
Squadron was activated at Gunter
one of four Enterprise Service Centers
as part of the new 24th Air Force
for the Air Force Cyber Command,
Cyber Command in San Antonio.
creating 200 jobs at Gunter.
The new Network Operations
Squadron added 53 Department of
Defense civilian jobs and 50 new
civilian contractor jobs last year.
Another 63 high-paying civilian
jobs will be added next year.
The 187th Fighter Wing at Dannelly
Field was selected as one of four
Air National Guard Associate
Units and will have active duty
pilots and maintenance personnel
assigned to the wing. This expanded
mission will begin in 2013 and
add 50 new jobs and six aircraft.
Maxwell and Gunter received
federal stimulus money for a
variety of projects, including a
combat skills training site.
20
Gunter
“Acquiring, operating,
sustaining, and
enabling enterprise
IT capabilities while
accelerating the
modernization of
infrastructure to
support the warfighter
across the spectrum
of combat and
mission support.”
Air Force Program Executive
Office for Business and Enterprise
Systems Mission statement
Goal iiI
transform
the
image of
Montgomery
22
The transformation of Montgomery
the past five years has been so
dramatic that the city not only looks
different, it truly has positioned itself
as a convention destination and a
great place to live, work and play.
23
The Renaissance
Montgomery Hotel & Spa
at the Convention Center
is a game changer for
conventions and tourism.
ave
ns h r
o
i
t
n
onve space fo
ty, c
i
c
a
more
hose
ap
re is ome of t ce
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or
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l
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Infor
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Montgomery now has 100,000-plus
square feet of meeting space at the
Renaissance as well as 342 rooms.
Embassy Suites Hotel & Conference
Center has 237 rooms. Downtown
now has close to 1,100 rooms.
The n
at
in Mo ional Hyun
ntgom
d
ery in ai dealers’
4,000
c
2010
ro
result onvention
deleg om nights
e
d in a
ate
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ne
The e s staying
at nin arly 1,000
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act w
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.5
The c
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Fe
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sance
.
24
25
GOAL 3: TRANSFORM THE IMAGE OF MONTGOMERY
49
%
CONVENTIONS
73
%
ATTENDEES
38
%
CVB ROOM
NIGHT BOOKING
7.5
%
HOTEL ROOM
NIGHT DEMAND
David Bronner, CEO, Retirement
Systems of Alabama, changed the
downtown skyline with the opening of
the Renaissance Montgomery Hotel
& Spa at the Convention Center,
RSA Judicial Building and the new
RSA corporate headquarters.
Tourism is an economic engine that is
changing the image of Montgomery.
The Chamber’s Convention
& Visitor Bureau (CVB)
once competed for meetings
and events with 100 to 300
delegates, but now seeks
conventions with 400 to
600 delegates or more.
That difference is huge
considering the average
delegate spends $263 a day.
26
The Chamber restructured
the CVB to meet the needs
of entering a next-level
convention recruitment
market. As a result, the
Chamber increased its
room-night bookings in 2010
over 2009 by 38%, with 2010
bookings represented more
than $6 Million in economic
impact to the local economy.
The number of conventions
mostly generated by
the Chamber’s CVB has
increased 49 percent from
2007 to 2010. The number
of delegates attending
conventions booked by
the CVB has surged 73%
in that same time span.
The demand for hotel rooms
has also jumped from about
1.2 million in 2008 to 1.3
million in 2010, an increase
of nearly 7.5 percent during a
recession and slow economic
recovery. In all, 1,425 hotel
rooms at 15 hotels have been
added since 2007, giving
Montgomery 7,136 rooms at
85 hotels – a nearly 25 percent
increase in hotel rooms.
The Central Alabama Sports
Commission was created in a
partnership with the Chamber and
the City of Montgomery, to increase
tourism through sporting events
and the improvement of facilities.
Cramton Bowl is being renovated
and a 92,000-square-foot multipurpose sports facility is being
built for a wide variety of youth
and recreational sporting events.
More soccer fields are being added
to host larger tournaments.
Projects Changing
the Landscape
Of the more than $600 Million in
combined public and private sector
investment in the development of
the convention and entertainment
district, the private sector has
invested $2.30 for every $1
invested by the public sector.
One Court Square is now
Questplex, the future home of
the main downtown city-county
library branch and Children’s
Museum of Alabama.
Downtown also took on a new look
with The Alley - a combination of
restaurants, art gallery, bar and
loft apartments. And speaking
of loft apartments, there are
more than 100 downtown and
nearly all in the past five years.
In addition to those loft apartments
popping up everywhere, developers
announced plans for a four-story,
220-unit apartment building in
the city’s warehouse district.
The region has a host of amenities
for delegates and tourists including
the Montgomery Performing
Arts Centre at the Renaissance;
Riverwalk Stadium where the
Montgomery Biscuits play their
home games; Riverwalk; the
40-foot Harriott II riverboat that
holds 400 passengers; Alabama
Shakespeare Festival; Montgomery
Zoo; and the Civil Rights
Memorial just to mention a few.
27
Alabama State University has embarked on
a five-phase, 25-year plan that costs more
than $600 million and includes an oncampus 30,000-seat football stadium. Many
new academic buildings have already been
completed including life sciences, forensics,
health sciences and education. About $20
million is being spent to renovate the library
and millions more for additional student
housing and Student Services Center.
Auburn University at Montgomery upgraded its
entrance and is building a 75,000-square-foot
wellness center, which will contain a pool, weight
room, track, rock-climbing wall, basketball courts
as well as academic facilities. AUM has been given
approval to select an architect and construction
manager for a new residence hall. The university
offers 44 degrees and recently added a master’s
program in cyber systems and information security.
Montgomery has undergone more than $400 Million in
massive infrastructure upgrades, including the completion
of the I-65 widening, I-85 widening, Maxwell Boulevard,
Carver High School, and the renovation and expansion of the
Montgomery Regional Airport, with $70 Million approved to
begin construction of the I-85 extension.
Inside the classrooms, ASU recently
graduated its first students with doctoral
degrees in microbiology and is developing
master’s level courses in forensic sciences.
Throughout the city, roads are being
upgraded and new streetscapes constructed
for Maxwell Boulevard, West Fairview
Avenue, Cloverdale Road, and
Madison Avenue as well as others.
A new connector road will be constructed
from Ray Thorington to Taylor
Road, which will open up that area
to thousands of new homes and the
site of a new eastside high school.
I-85 Extension project gets the green light
to begin construction in Fall 2011.
Troy University’s Montgomery Campus
is conveniently located in the heart of
downtown Montgomery and includes
unique facilities like the Rosa Parks
Library and Museum, the Davis Theatre
for the Performing Arts and the W.A.
Gayle Planetarium.
28
The Huntingdon Tomorrow Campaign
launched May 2011, and will offer an
exciting array of new and improved
facilities and academic and student life
programs introduced during a
seven-year period.
Faulkner University broke ground on the
new, $2.5 million Allen Law Center,
which will include additional study
space in the law library, a classroom,
faculty office space, and a courtroom.
It will also hold the law school’s elder
law, family violence and mediation
clinics for low-income clients.
The latest project at the Montgomery Regional
Airport was the completion of the intermodal
facility and parking system improvements. More
than $13 million has been invested in the airport
renovation and expansion in the past 10 years.
2007
2010
11,734
12,812
7.5%
ENPLANEMENTS
180,333
188,522
4.5%
DEPLANEMENTS
177,578
186,970
5.3%
TOTAL PASSENGERS
357,911
375,492
4.9%
AIR CARRIER OPERATIONS
2007-2010
29
Goal iV
Embrace
diversity and
enhance
Leadership
capacity
Traditionally, the Chamber’s core mission is to create jobs and improve the quality of life in Montgomery
and the River Region. But, when the Imagine a Greater Montgomery strategy was developed, it was
obvious that without quality leadership at the helm, the community would flounder. Montgomery needed
a diverse, engaged leadership for the future.
Women in Business
The Chamber’s Women in Business
Forum brings together top female
executives on a monthly basis
to develop mentoring programs,
training and communication
vehicles for professional women.
At the Women in Business Annual
Gathering, the prestigious,
nationally recognized ATHENA
Award is presented.
Diversity Summit
The Chamber launched the
first Diversity Summit in 2008,
and it is now a nationallyrecognized conference.
Keynote speakers have included
the chief diversity officers for Home
Depot and Monster Worldwide.
This sold-out event brings nearly
600 attendees together, focused on
harnessing diversity as an asset
for business and community.
Emerge Montgomery
Through the Imagine strategy, the
Chamber forged a partnership with
Leadership Montgomery to create a
comprehensive leadership development
program. Emerge Montgomery is a
dynamic outcome of that partnership.
Emerge Montgomery young
professionals organization was
created in 2008 boasts more than
1,200 engaged participants.
Seventy-nine young professionals
graduated from Leadership
Montgomery’s Torchbearers program
in the first two years. The program
inspires young professionals to become
engaged in a leadership capacity.
Emerge is launching LEAD Summit
- a regional young professionals
conference - in November 2011.
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31
Partnership
The successes of the Imagine a Greater Montgomery economic
development strategy is built upon partnership. The Chamber
works hand-in-hand with elected leaders, focused on shared
priorities and a common vision.
Visionary Leaders. Extraordinary Results.
The Imagine a Greater Montgomery strategy has changed the landscape of Montgomery and the River Region. Imagine
a Greater Montgomery Investors provide the leadership, commitment and influence required to shape meaningful and
measurable economic progress. The strategy is a collaborative effort between the City of Montgomery, Montgomery County
Commission and private investors. It is through these partnerships that we celebrate the progress outlined in this report.
Legacy Founders
Board of Advisors - Platinum
Sterling Bank
City of Montgomery
Dixie Electric Cooperative
W.K. Upchurch
Construction Company, Inc.
Montgomery County Commission
Hyundai Motor Manufacturing
Alabama, LLC
Alfa Insurance Companies
Alabama Power Company
Montgomery Industrial Development Board
Regions Bank
Aronov Realty Management, Inc.
The Colonial Company
SABIC Innovative Plastics
Summit Housing Partners
“We can dream great
dreams, and we can
have great successes,
but we have to have
them together. We have
joined together to put
our shoulders to the
wheel and build a better
place. And we have only
just begun to fight.”
Montgomery Mayor
Todd Strange
“The Montgomery
County Commission
knows that partnering
with the City, the
Chamber, the Industrial
Development Board,
the State… those
partnerships are
the key to progress.
In Montgomery,
economic development
is a team sport.”
Montgomery County
Commission Chairman
Elton N. Dean, Sr.
“Working together,
the Chamber, the City
Council, the County
Commission, the
Legislative Delegation,
and alongside our
Congressional delegation,
there is absolutely
nothing we can’t do.”
Alabama Representative
John Knight
Jim Wilson & Associates, Inc.
Sustaining Founders
The Advertiser Company
Alabama Gas Corporation
AT&T Alabama
Baptist Health
Beasley, Allen, Crow, Methvin,
Portis & Miles, PC
Board of Advisors - Gold
Aliant Bank
Greater Montgomery
Homebuilders Association
Hodges Warehouse + Logistics
& Hodges Real Estate
Whitney National Bank
Wilson, Price, Barranco,
Blankenship & Billingsley, PC
Chairman’s Circle
Ball, Ball, Mathews & Novak, P.A.
Industrial Partners, LLC
HOME Place Farms
Merchant Capital Investments
Integrated Computer Solutions
Smith Industries, Inc.
JESCO, Inc.
TCU Consulting Services, LLC
Mount Scrap Material Co., Div.
of Waste Recycling, Inc.
Board of Advisors - Silver
Aldridge Borden & Company, PC
AmeriFirst Bank
Palomar
Power South Energy Cooperative
Sabel Industries, Inc.
Balch & Bingham, LLP
BankTrust
BB&T
Big Lots Distribution Center
Buffalo Rock Pepsi
Blue Cross Blue Shield of Alabama
Capell & Howard, PC
BBVA Compass
Edwards Plumbing & Heating
Goodwyn, Mills & Cawood, Inc.
Jackson Thornton
Jackson Hospital & Clinic, Inc.
Jerry Kyser Builder, Inc.
Larry Puckett Chevrolet
John Stanley & Associates, Inc.
Rheem Water Heaters
KOWA Pharmaceuticals America, Inc.
Wells Fargo
LWT Communications, LLC
A special thank you
to the businesses
and elected leaders
who are the founding
visionaries behind the
Imagine a Greater
Montgomery strateg y.
Their profiles follow.
MAX Credit Union
Prattville Area Chamber of Commerce
ServisFirst Bank
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33
Imag ine a G reater Montgomer y
Legacy Founder and
Public Sector Partners
Legacy Founder
HMMA
Hyundai Motor Co., Korea’s
largest automotive manufacturer,
announced April 2, 2002 that it would
construct a $1 billion automotive assembly
and manufacturing plant in Montgomery.
Hyundai Motor Manufacturing Alabama, LLC
(HMMA) was incorporated April 12, 2002.
Three years later, Chung Mong-koo, chairman and
chief executive officer of Hyundai Kia Automotive
Group, and then Alabama Gov. Bob Riley gathered
with elected officials to celebrate the grand opening
of Hyundai Motor Manufacturing Alabama, LLC.
Montgomery City Council
Bottom Row (Left to Right): District 9 Councilman Charles Jinright; District 5 Councilman Cornelius “C.C.” Calhoun; District 7 Councilman Arch;
Lee; Mayor Todd Strange. Second row: District 6 Councilman John Dow; District 8 Councilman Glen Pruitt, Jr.; District 1 Councilman Jim Spear.
Third row: District 2 Councilman Charles Smith; District 4 Councilman David Burkette; Councilman Tracy Larkin.
The $1.4 billion plant is the company’s first U.S.
manufacturing facility and employs about 2,500
people. Additionally, more than 72 suppliers have
located businesses throughout North America to
support HMMA, creating 5,500 additional jobs with
a combined capital investment of $500 million.
The company’s 2-million square-foot manufacturing
plant sits on 1,744 acres and includes a stamping
facility, paint shop, vehicle assembly shop, a two-mile
test track and two engine shops, where Hyundai also
produces engines for the Kia manufacturing plant in
Georgia. In May 2005, the facility marked the official
start of production with its first saleable 2006 Sonata.
The HMMA plant manufactures the Sonata and
Elantra, the company’s top-two selling cars and
produced a record 300,000 vehicles last year. More
than 1.4 million vehicles have been produced
at HMMA, which recently received the 2011
Alabama Large Manufacturer of the Year Award.
Hyundai sold a record 538,228 vehicles in 2010 – the
first time the automaker eclipsed the 500,000 plateau
– and is on pace this year to break that mark.
HMMA is investing $173 million, creating 214 new
jobs, to expand and modify an existing engine
plant to produce the 1.8 liter Theta/Nu engine
that will be used in the Elantra. Construction is
scheduled to be completed in the fall of 2011,
with production beginning in March 2012.
Montgomery County Commission
Bottom row (Left to Right) Chairman Elton N. Dean, Sr. and Vice Chairman Reed Ingram. Second row
- Commissioner Ham Wilson, Jr.; Commissioner Jiles Wilson, Jr.; Commissioner Dimitri Polizos.
34
Pictured: Y.D. Lim, President and CEO,
Hyundai Motor Manufacturing Alabama. LLC
35
Legacy Founder
Legacy Founder
Alfa
Insurance
Companies
Alfa Insurance Companies
began in 1946 to provide fire
insurance to Alabama Farmers
Federation members. Since then, Alfa
has grown to offer an array of insurance
plans including life, health, property
and automobile. Alfa and its affiliates now
provide insurance and other financial services
to more than 1 million customers in 12 states.
Alfa has more than 1,000 employees at its
corporate headquarters in Montgomery and about
500 licensed insurance agents in Alabama.
The company has 1 million-plus policies
representing about $25 billion of insurance in
force. Alfa, which has about 2,600 employees
overall, has 254 service centers including at
least one in each of Alabama’s 67 counties.
Pictured: Jerry Newby, President and CEO
of Montgomery-based Alfa Insurance
Alabama
Power Company
Alabama Power Company, which
was founded in 1906, provides
electricity and service to 1.4 million
homes, businesses and industries in
Alabama. It is one of four U.S. utilities
operated by Southern Co., one of the
nation’s largest electricity producers.
Alabama Power, the second-largest
subsidiary of Southern Co., was the first
electric utility in the country to establish
an economic development department.
The company has almost 90,000
miles of power lines in the state and
its nearly 7,000 employees service
an area of 44,500 square miles.
Pictured: Kenny Coleman, Vice President of the
Southern Division, Alabama Power
36
37
Legacy Founder
Legacy Founder
Regions Bank
Regions Financial Corporation is
the largest bank in the state and is
the only Alabama-based company on
this year’s Fortune 500 list of the country’s
top firms by revenue. Regions ranked 293
on the list with 2010 revenue of $8.2 billion
The Industrial
Development
Board of the City
of Montgomery
The Industrial Development
Board was created in 1947 by
the Legislature in the WallaceCater Act. The act was designed
to provide incentives for industrial
prospects to locate in Montgomery
and for existing industries to expand.
The Industrial Development Board of the
City of Montgomery works behind the
scenes in recruiting new industries and
helping existing industries expand.
Regions Financial Corp. was formed in 1971 as
First Alabama Bancshares Inc., the state’s first
multibank holding company. With the combination
of three banks, the holding company had $543
million in assets and 40 banking locations in
Birmingham, Huntsville and Montgomery. The
company now has $132 billion in assets.
Regions serves customers in 16 states
across the South, Midwest and through
its subsidiary, Regions Bank, operating
about 1,800 branches and 2,200 ATMs.
In the River Region, Regions has 325 employees;
20 branches; 47 ATMs; loans totaling $1
billion; and $1.9 billion in deposits.
Pictured: Arthur J. DuCote, Executive Vice President and Central
Alabama Area Executive, Regions Bank
The board owns several hundred acres at the
Interstate Industrial Park and also has some
land at Montgomery Industrial Terminal.
The Industrial Development Board helped recruit
a number of projects including: Hyundai Motor
Manufacturing Alabama (HMMA), Hyundai
suppliers and SABIC Innovative Plastics. The
board has nine members who are appointed to
a three-year term by City Council members.
Pictured: F. Berry Grant, Chairman, The Industrial
Development Board of the City of Montgomery
38
39
Legacy Founder
Legacy Founder
Aronov Realty Co.
Aronov Realty, which was founded
in 1952 by Aaron Aronov, is one
of the oldest real estate development
and management firms in the United
States and is the largest privately held, fullservice real estate company in the Southeast.
The company has developed numerous
properties, including office, industrial, retail,
residential, resorts and multi-family.
One of those properties is Eastdale Mall and its 1
million square feet of retail space. Aronov Realty
also developed the Selma Mall and the University
Mall in Tuscaloosa. Aronov developed four Publixanchored shopping centers in Montgomery. The
firm has developed 100-plus shopping centers.
Aronov, along with Lowder New Homes,
developed Deer Creek, an 800-acre subdivision
40
which has grown to about 1,200 homes over 14
years. Other River Region residential properties
developed by Aronov are Dexter Ridge, The Villas
at Brookstone and Windsor Hill. Aronov Realty has
also developed 12,000-plus apartment units.
Some of the company’s larger office properties
are Executive Park, Aronov Building, One
Commerce Street, Carmichael Center,
Crescent Center and Aronov Center.
The company is now operated by Jake
Aronov, chairman and CEO, and his brother
Owen Aronov, president. Aronov Realty has
developed 25 million-plus square feet.
Pictured (L-R): Owen W. Aronov, President and Jake F. Aronov,
Chairman and Chief Executive Officer, Aronov Realty Company
Jim Wilson &
Associates, LLC
Jim Wilson & Associates has
developed some of the bestknown properties in Montgomery
and topping that list are Wynlakes
Golf & Country Club and The Shoppes at
EastChase. EastChase has expanded over
the years and the East Montgomery site has
hotels, an office building and upscale apartment
units. The company added the EastChase Market
Center to the development, which now features
more than 1.5 million square feet of retail space.
Jim Wilson and Associates also built
one of the state’s best-known projects –
Riverchase Galleria in Birmingham.
The company, which has developed malls in
several states, broke ground last year on its
mammoth $1 billion Redstone Gateway office
park in Huntsville. The park, adjacent to Redstone
Arsenal, will eventually have 4 million-plus square
feet of retail and office space as well as two hotels.
There will be dozens of office buildings for military
and civilian workers. The project will be developed
in three phases over a 15- to 20-year period.
Jim Wilson & Associates is also developing
New Park, a 1,200-acre residential project in
East Montgomery that features an elementary
school named after the company’s founder
Jim Wilson Jr. and a YMCA facility.
Pictured (L-R): Jim Wilson, Chairman and Chief Executive Officer, and
Will Wilson, Company President, Jim Wilson & Associates, LLC
41
Legacy Founder
Legacy Founder
SABIC
Innovative
Plastics
manufactures items found in a wide
range of products. The Lexan resin and
plastic pellets made at the company’s
Burkville plant in Lowndes County are used
in everything from electronics to automotive
to textiles to health care products to packaging
as well as transportation and outdoor vehicles.
The company’s products are found in buses, boats,
airplanes, motorcycles and cars. A small sampling
of SABIC products in a vehicle include body
panels, spoilers, grilles, wheel covers, roof racks,
pulleys, sensors, transmissions and lighting.
Some of the company’s products are in
computers, laptops, monitors, printers,
scanners, phones, televisions and projectors.
SABIC products are used in shower liners and
spa liners as well as a host of items in the health
care sector: surgical instruments, IV therapy,
medical lighting, medical trays, respiratory
and sleep therapy to name just a few.
Other items that have SABIC products
are eye glasses, traffic lights, CDs, DVDs,
cell phones, greenhouses, appliances
and even fighter jet canopies.
SABIC is the Saudi Basic Industries Corp.,
which has nearly 300 employees at its 6,300acre Burkville facility (about 300 acres have
been developed for the plant site). It is one of
the largest polycarbonate sites in the world.
Pictured: Thomas J. Tsekouras, General Manager,
Summit
Housing Partners
Summit Housing Partners has
grown from one property in
1996 to managing 83 apartment
complexes in nine states.
The company, which has its headquarters
in downtown Montgomery, is building and will
manage the 55-unit Heritage View Apartments
in West Montgomery – an $8 million project.
The company already manages about 750 units
at six Montgomery apartment communities:
Narrow Lane, Rosa Parks Place, Sherwood,
South Lawn, South Mall and The Pavilion.
Summit Housing Partners also manages two
apartment communities in Prattville: the 136-unit
McQueen Village and the 56-unit Summit Terrace.
The company, which has 24 properties in
Alabama, manages a total of 12,800 units
– most of which are in the Southeast.
Pictured (L-R): Blake Brazeal, President; Daniel Hughes,
CEO; Greg Fox, CFO, Summit Housing Partners
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43
Legacy Founder
Sustaining Founders
The Colonial
Company
The Colonial Company, a privately
owned diversified holding firm,
has its corporate headquarters in
Montgomery at the Town of Hampstead.
The company consists of Lowder New
Homes and the Colonial Insurance Agency.
Lowder New Homes, one of the three largest home
builders in Alabama, is involved in nine residential
developments, including two in Prattville and
one in Millbrook. The Montgomery developments
are Hampstead (40 homes), in conjunction with
other partners; Woodland Creek (200 homes),
StoneyBrooke (240 homes), Deer Creek with
Aronov Realty; and Wyndridge (245 homes).
The two Prattville properties are Highland Ridge
(490 homes) and Mountain Lakes (25 homes) and the
development in Millbrook is Grand Park (12 homes).
The Colonial Co. grew from Lowder Construction
Co., which was formed in 1956. The company’s
projects or investments include office, golf course,
shopping malls, shopping centers and multi-family.
Colonial Insurance Agency has expanded from
a real estate and financial services insurance
advisory firm to a full-service insurance
brokerage and risk-management company.
Pictured: James K. Lowder, Chairman, The Colonial Company
Samuel P. Martin, President and Publisher,
The Advertiser Media Company
J. Tyler Fondren, Regional Director, AT&T Alabama
AT&T Alabama
Advertiser
Media Group
The Advertiser Media Group not only
produces the region’s largest daily
newspaper, but it prints a Georgia daily
newspaper and advance sections and
inserts for a second Georgia newspaper.
The Montgomery Advertiser is the core
business of the Advertiser Media Group,
but the company also publishes the
Prattville Progress, Millbrook Progress,
Wetumpka Progress, Maxwell-Gunter
Dispatch, The Bulletin Board as well
as several specialty publications.
The company, which has 200-plus
employees, has a partnership with
Yahoo and is targeting audiences by
demographics, geography and behavior.
Joe Hampton, Division Manager, Alabama Gas Corp.
Alabama Gas
Corporation
Alabama Gas Corporation, which is
known locally as Alagasco, is the No. 1
natural gas distributor in the state. The
company serves 425,000-plus customers
in more than 200 cities, communities
and towns. About 75,000 of those
customers are in the River Region.
AT&T has invested more than $1.3 billion
of infrastructure in Alabama from 2008
to 2010. The company is planning to
expand and upgrade 120-plus cell sites
in the state for increased bandwidth,
coverage, reliability and 4G coverage.
The company has been aggressively
adding and upgrading cell sites for
several years. Two years ago, 30
new cell phone sites were added
and 60 were upgraded to 3G, which
gives users faster downloads.
AT&T Alabama has 7,000 employees
in the state and 275 in the River
Region, where the company has
been for 130-plus years.
The company, a subsidiary of
Energen Corp., has more than
1,000 employees in Alabama and
100-plus in the River Region.
Alagasco can trace its roots back to 1852
when it was called the Montgomery
Gas Light Co. The company became
Alabama Gas Co. in 1948 after a
series of mergers and acquisitions.
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45
Sustaining Founders
Sustaining Founders
W. Russell Tyner, President and Chief
Executive Officer, Baptist Health
Jere L. Beasley, Sr., Founding Shareholder, Beasley Allen
Goodwyn, Mills
& Cawood
Beasley Allen
Baptist Health
Baptist Health is the region’s
largest non-government employer
with 3,500-plus employees and has
nearly 500 affiliated physicians.
The company operates three hospitals
– the 454-bed Baptist Medical South;
150-bed Baptist Medical Center East;
and the 85-bed Prattville Baptist Hospital.
In addition to the hospitals, Baptist
Health operates the network of five
Pri Med clinics; Montgomery Surgical
Center and four imaging centers.
With all its facilities, Baptist Health
performed almost 32,000 surgeries in a
one-year period; delivered more than
4,400 babies; and handled 300,000-plus
outpatient visits as well as 110,000plus emergency department visits.
Baptist Health also operates the
Institute for Patient Safety & Medical
Simulation, which is a 22,500-squarefoot, state-of-the-art training facility.
Steve Cawood, President, Goodwyn, Mills & Cawood, Inc.
The law firm of Beasley, Allen, Crow,
Methvin, Portis & Miles, P.C., has been
involved with verdicts and settlements
totaling more than $20 billion.
A. Bruce Crawford, City President, BBVA Compass
BBVA Compass
Compass Bank was one of the larger
banks in Alabama and Texas. Then along
came BBVA, the second-largest bank
in Spain, which acquired Compass.
And the company kept growing,
acquiring the $14 billion Guaranty Bank,
which is based in Austin, Texas, but had
55 branches in California. That expanded
the BBVA Compass footprint to seven
states. BBVA Compass is the thirdlargest bank in Alabama; fourth-largest
in Texas; and the fifth-largest in Arizona.
The bank, which has 100 employees in
the River Region at eight branches, ranks
in the top 20 of U.S. commercial banks.
BBVA has $740 billion in assets; 100,000plus employees in more than 30 countries;
7,400 branches and 47 million customers.
The firm, which was founded by former
Alabama Lt. Gov. Jere L. Beasley in
1979, holds U.S. records for largest
verdicts/settlements in four categories:
The largest verdict against an
oil company – $11.9 billion.
The largest pharmaceutical drug
settlement – $4.85 billion.
The largest private environmental
settlement – $700 million.
The largest predatory lending
verdict – $581 million.
The firm has 60 attorneys and 200-support
staff, including a full-time nurse,
investigators, computer specialists,
technologists and computer experts,
a public relations department and a
comprehensive trial graphics department.
Some of the most prominent buildings
in the region were designed by
Goodwyn, Mills & Cawood.
Larry. F. Chapman, District Manager,
BlueCross BlueShield of Alabama
Here is a sprinkling of just a few of
those noteworthy buildings:
> The Southern Poverty Law Center.
BlueCross
BlueShield of
Alabama
Everything about BlueCross BlueShield of
Alabama is big. The health care provider is so
big it insures most of the state’s residents.
In a one-year period, the company’s customer
service department answered 7.1 million-plus
phone calls and 100,000-plus e-mails. The
company processed 75 million-plus claims
and the average time per claim was 1.6 days.
BlueCross BlueShield of Alabama
insures more than 3 million people
in Alabama with 3,800 employees,
including 32 in the River Region.
The company, which has been operating
in Alabama for more than 75 years,
provides a wide range of health and
dental insurance to employer groups,
individuals and the senior market.
> The Renaissance Montgomery Hotel
& Spa at the Convention Center
> The former Colonial Bank corporate
headquarters in East Montgomery.
> RSA Activity Center and Plaza.
> The Lakeview Center at EastChase.
The company also played various roles in
projects for Hyundai Motor Manufacturing
Alabama, Sturbridge Plantation, The
Waters, Taylor Lakes, Deer Creek, New
Park, Blount Cultural Park, Gateway
Park, Montgomery Zoo’s elephant
exhibit and the list goes on and on.
The firm is a one-stop shop for all
design needs. The Montgomery-based
company boasts the following services:
architecture, land surveying, civil
engineering, airport planning, right of
way, municipal engineering, landscape
architecture, environmental engineering,
geotechnical engineering, electrical
engineering, transportation engineering
and community and master planning.
The company has 290 employees at 10
offices in four states: Alabama, Florida,
Tennessee and South Carolina.
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Donald G. Henderson, President and Chief Executive
Officer, Jackson Hospital & Clinic, Inc.
Jackson Hospital
& Clinic
The Jackson Hospital & Clinic campus
keeps expanding. The hospital’s
newest facility is the Jackson Clinic
Family Medicine, which features three
physicians. The nearly $1.1 million
facility (including the parking lot) offers
on-site X-ray and laboratory services
and has extended hours: 8 a.m. to
8 p.m. Monday-Friday. The clinic
treats patients ages 3 and older.
The hospital also has a separate
imaging center and a separate surgery
center. Jackson Hospital has grown
from 37 beds and five physicians
in 1946 to 344 beds today and 185
physicians on the medical staff.
Jackson Hospital is one of Montgomery’s
Top 10 employers with 1,500 people.
And those people are busy as Jackson
handles about 100,000 out-patient visits
a year; performs about 23,000 surgeries
a year; handles about 36,000 patients a
year at its imaging center; and has about
14,000 hospital admissions a year.
47
Sustaining Founders
Larry D. Puckett, President and Owner,
Larry Puckett Chevrolet
John W. Livings, Senior Vice President and
Business Banking Area Manager, Wells Fargo
Larry Puckett
Chevrolet
The dealership’s slogan is so popular
that it was used in a movie: “At
Larry Puckett Chevrolet, we let
our customers do the talking.”
The dealership is a Prattville institution
and its president – Larry Puckett –
is not only a well-known Prattville
businessman and resident – he is the
chairman of the Montgomery Area
Chamber of Commerce. He is the
first non-Montgomery businessman
leading the Chamber, but Puckett
will remind anyone and everyone
he is just a guy who sells cars.
Puckett, who has been in the car
business for almost 30 years, has 59
employees and nearly all of his sales
staff has been there at least 10 years.
In addition to selling new and used
cars, the dealership features an
Express Oil Change and Service
Center, where customers can get a
10-minute oil change. Other Express Oil
Change options include transmission
service, fuel system cleaning, air filter
replacement, fuel filter replacement
and wiper, bulbs and fuses.
The Express Oil Change site contains
a full-service automotive mechanical
department called the Express Service
Center. Larry Puckett Chevrolet,
which has 400 to 500 vehicles on the
lot, also has a Collision Center.
Wells Fargo
Peter A. Reynolds, Vice President and General
Manager, Rheem Water Heaters
Rheem Water
Heaters
Rheem Water Heaters, which has
1,100 employees, is the second-largest
manufacturer in Montgomery to Hyundai
Motor Manufacturing Alabama.
Rheem manufacturers a wide variety
of water heaters for residential,
commercial and industrial customers.
The types of water heaters range from
conventional storage-style units to
tankless as well as electric and gas
units. Some of the larger commercial
units have 175-gallon storage capacities
compared with the typical household
unit that contains 40 to 50 gallons.
The company has three facilities in
Montgomery, including the company’s
water heating division headquarters.
About 850 work at the Gunter
Industrial Park site. The Montgomery
manufacturing plant has been
expanded three times and is about
675,000 square feet with a capacity
of producing 10,000 units a day.
Wells Fargo has been around for more
than 150 years, but is new to the River
Region after the buyout of Wachovia
Bank. The famous stagecoach pulled
into Montgomery last October and the
bank showed off its new signage.
The San Francisco-based company is the
country’s fourth-largest bank with more
than $1.2 trillion in assets. Wells Fargo
has 280,000 employees nationwide; 70
million customers; 9,000-plus branches
(the company calls them stores) and
12,112 ATMs. Fortune magazine ranked
Wells Fargo 19th in the country by
revenue – that’s 19th of all companies.
Wells Fargo has a strong presence in
the River Region with 10 branches
(140 in the state) and 140 employees.
Dreams as big as you can imagine are happening here every day. With a powerful beat and mighty
vision, the future of the region moves ahead. Let your dreams soar—in Montgomery.
#1 Economic Development
Project in Alabama
Hyundai Power Transformers USA
$125 Million Capital Investment
and more than 1,000 new jobs
Record-setting Existing
Industry Expansions
Creating more than 500 new jobs and
more than $320Million in capital investment
Top High School in America
Loveless Academic Magnet Program
ranked 13th Best High School in America
in Newsweek’s annual list of 500 Best High Schools
Nationally Recognized
Business Climate
Montgomery ranked #7 in Economic Growth
Potential by Business Facilities Magazine, 2011
Montgomery ranked #8 for potential job growth
in Forbes 2010 Best Places for Business and Careers
d r e a m m o n t g o m e r y. c o m
48
Photo Courtesy of Mark Dauber
49
Post Office Box 79
Montgomery, AL 36101

champion public education and build a competitive workforce

Transcription

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