Birmingham: The Magic City
Birmingham is ready for your investment.
Low cost, high reward
In Birmingham, labor costs are 94% of the national average and ____
When commuting within the metro area, Birmingham has commute times well below the national average. The average commute time in Greater Birmingham is 21.4 minutes, almost five minutes shorter than the national average (26.1 minutes).
We are the 12th largest banking center in the nation with over 2,000 finance and insurance companies. Birmingham is recognized as a healthcare regional hub with 21 hospitals that collectively care for over 1 million patients per day and boasts the highest-per-capita concentration of healthcare jobs nationwide. The Birmingham region is also proud to call several of the leading global auto OEMs their home. Mercedes-Benz U.S. International, Honda Manufacturing of Alabama and Autocar produce over 500,000 cars and trucks annually. Further, we are the fastest city in the nation to fill engineering jobs at 15.5 days.
Momentum in the Magic City
University of Alabama at Birmingham ranked 31st out of the world's research universities
Less than fifty years old, UAB is one of Birmingham's strongest anchor institutions and competitive differentiators. It is a globally recognized research university and hospital that occupies 95 city blocks and employs 23,000 citizens. Ranked 31st out of the world's research universities, it receives the 10th most NIH funding among public research universities. It stands as the single largest employer in the state, responsible for supporting 64,292 jobs and a $7.15 billion dollar economic impact. Further, with more than $500 million in sponsored research and nearly 50 patents produced annually, it is a hub of innovation and talent production.
The UAB Hospital is the third largest public hospital in the country and ranks within the top 40 hospitals in 11 specialties, including pulmonology, neurology and neurosurgery, kidney disorders, cardiology and heart surgery, and cancer. Children’s of Alabama ranks among the top 40 children’s hospital in 10 specialties, including neurosurgery, pulmonology, orthopedics, diabetes, cardiology and heart surgery, and cancer.
UAB's research prowess is especially pronounced in precision medicine, informatics, basic science discovery, inflammation, infection and immunity, and population health, health disparities and outcomes effectiveness research. It is home to world renowned researchers including Dr. Matt Might who is the director of the Hugh Kaul Personalized Medicine Institute and was previously a White House Strategist on the Precision Medicine Initiative.
We are ranked the ## best city for entrepreneurship in the country.
Rise of the Rest
The city's Innovation Depot is the largest entrepreneurial support system in the Southeast, with more than 100 companies.
Startups here specialize in health tech and medical devices, with a niche in data security.
The Alabama Futures Fund launched the largest seed-stage investment fund in Alabama history. Among its big-name backers is former NBA star and now-analyst Charles Barkley.
$300 million dollar stadium construction to start in 2019.
In 2019, construction for a new stadium in downtown Birmingham will begin. The $300 million dollar project includes an open-air stadium that would seat 45,000-55,000 people, in addition to significant upgrades to the City's existing Legacy Arena and the Birmingham-Jefferson Convention Center which already attract 1.5 million visitors annually. The stadium will live in Birmingham's Uptown Area and is funded by a public-private partnership including the City of Birmingham, UAB, Jefferson County and other corporate partners. The stadium is expected to be completed for the 2021 World Games and it will house UAB's football team, which enjoyed its best season in its history in 2018. Recently, Birmingham was one of eight cities nationally selected as the home of the new Alliance of American Football team, which will also live in the stadium.
2021 World Games are coming.
In 2021, Birmingham will be the home of the World Games and will host 3,600 of the world's best athletes from over 100 countries in 33 unique, multi-disciplinary sports. This is only the second time in the World Games' 40 years of operations that they will be held in the United States. The Games are expected to generate an estimated economic impact of $256 million for Birmingham.
Our culinary scene is nationally recognized.
We are well known for our varied and high-quality restaurant scene: local establishments have leveraged the region's agricultural strength as a first mover in the "farm to table" supply chain. Three restaurants were awarded James Beard Awards over the last six years, and their chefs have cultivated a new generation of local culinary leaders.
Location, location, location
One of Birmingham's major assets is the ease of travel to other major regional and national cities. Within five miles of downtown, the Birmingham-Shuttlesworth Airport is the largest in Alabama, with daily service to 23 airports across the nation. It is also at the juncture of three major interstates with a fourth to be completed by 2014, the region provides convenient highway access to many southeastern cities. It is also served by four major and two regional rail lines.
While most professionals drive, Birmingham maintains a strong bus system currently being upgraded in partnership with the support of the U.S. Department of Transportation. The Birmingham-Jefferson County Transit Authority has initiated a Rapid Transit Project to connect 25 neighborhoods from the eastern to western side of Birmingham. Moreover, our bike-share program makes it easy to get around our city: 400 bikes enabled 36,000 people make 165,000 trips in the last three years.