BIRMINGHAM'S 24 ZONES: RIPE WITH OPPORTUNITY

Birmingham's 24 Opportunity Zones offer a diverse array of residential, commercial and industrial investment opportunities.

 

BIRMINGHAM: THE MAGIC CITY

Birmingham is a city that has been defined by race: both the epicenter of racial oppression in America and the cradle of the Civil Rights Movement. For each Bull Connor, there was a Fred Shuttlesworth; for each clenched fist, there was an open hand.

Today, our motto is "Putting People First", and our people and institutions are working together to usher the City into a new, dynamic, global economy, powered by technology and innovation.  

Our employers and our educational institutions recognize that we are stronger if we make progress through inclusive innovation, ensuring that all our citizens have a fair shot to contribute to our region's economic vitality.

Birmingham is and has always been a city of builders. Join us.

MOMENTUM IN THE MAGIC CITY

ENTREPRENEURSHIP & TECH

  • Home to the Innovation Depot, the largest tech incubator in the Southeast, whose 100+ startups have created over $1.6 billion in local economic impact.

  • Home-grown startup Shipt, acquired by Target for $550 million in 2017, is in the process of creating over 881 jobs.

  • Recently, a Fast Company survey named us the best city in the United States for millennial entrepreneurs.

ADVANCED MANUFACTURING

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  • 18,000 skilled automotive workers-twice US national average and 20,000 skilled metals and machinery workers

  • Three OEMS-Honda, Autocar and Mercedes- recently announced expansion of +1000 new jobs.

  • Home to one of largest ductile iron pipe manufacturers in the world (ACIPCO)

HEALTHCARE AND BIOTECH

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  • Highest per capita concentration of healthcare jobs nationwide

  • UAB generated $538MM in biotech and health-related research funding, supporting 64, 292 jobs and generating a $7.15B economic impact

  • Southern Research discovered 7 of the 8 drugs discovered in Alabama and between 2014-2018 generated obtained 39 US patents and 95 foreign patents.

financial services

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  • 12th largest banking center in the nation and 3rd in the southeast

  • Over 2,000 finance and insurance companies

  • Two fortune 500 banks (Regions and BBVA Compass) headquartered downtown


LOW COST, HIGH REWARD

COMPETITIVE ADVANTAGE

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  • Construction costs are 86% of the national average.

  • The average price of rent per square foot is $19 compared to $32 nationwide.

  • Further, labor costs are lower than the national average: the median income of a software developer in Birmingham is ~80% that of San Francisco, Boston or New York, with comparable time to fill from when the position is posted.

  • According to Forbes, a dollar stretches further in Birmingham than it does in any other metro area in the US.

great quality of life

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  • Birmingham has become the 7th among 150 largest US metros for percent increase in millennial residents (ages 25-34).

  • Upon completion of the Red Rock Trail System, Birmingham will have more green space per capita than any other city in the country.

  • In sports, Birmingham has launched three new professional teams in the last five years, is currently renovating Legion Field (home of the largest HBCU event in the nation), and will host the 2021 World Games.

  • In food, our first-movers in farm-to-table have been awarded three James Beard Awards over the last six years.


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LOCATION, LOCATION, LOCATION

Birmingham is connected to five interstates — I-65, I-59, I-459, I-20, and I-22 — bringing nearly 40% of the U.S. population within a one-day truck trip, and 75% within a two-day trip.

  • Only 25 miles outside downtown, Port Birmingham offers accessibility to global customers via the Gulf of Mexico. This inland waterway port has the capacity to store 40 river barges (or 600 rail cars) at any given time and connects local railroads.

  • Bham is home to three Class I railroads: Norfolk Southern, CSX Transportation, and BNSF Railway, which reach over 50% of American households within a three-day rail trip.

  • The Birmingham Shuttlesworth International Airport is located less than 5 miles from downtown and services 2.8 million passengers per year to 34 cities per day.