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bayourat15

Economic Development in Mobile

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Over 50,000 plus new jobs in Mobile County?

In today's (4-22-07) Mobile Press, Front Page

Wow it must be a misprint. wish i new how to paste a link ,but some of it says,"ThyssenKrupp has estimated it will create 29,000 jobs during construction, plus another 38,000 to 52,000 spinoff jobs when the mill hits full production in 2010". .....................Cigarette break......

Mayor Jones the time has come for the downtown Condos! Where are all these people going to stay.

To whom is reading this what do you think our chances are on getting this project?

i say maybe 75% ?

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Wow it must be a misprint. wish i new how to paste a link ,but some of it says,"ThyssenKrupp has estimated it will create 29,000 jobs during construction, plus another 38,000 to 52,000 spinoff jobs when the mill hits full production in 2010".

....what do you think our chances are on getting this project?

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After reading the article, looks like Mobile's chances of landing the ThyssenKrupp plant are pretty good. I like the prospects of 2,700 permanent jobs at the $50,000 - $65,000 level as well as the temporary and permanent spinoff jobs, but I hope increased housing needs don't set off a huge boom in sprawling development. Hopefully, it can be kept more compact. A lot of these folks would commute, though, from existing communities in surrounding counties of Alabama, Mississippi and Florida.

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(sorry for long post, several related topic issues covered)

Lets consider the "what ifs' too.....

ThyssenKrupp comes

and

EADS/Northrup is wins (well over 10k in direct and supplier jobs, and then thousands additional "spin off jobs")

and

The nations largest racing facility is built (did I read that wrong from somewhere?)

and

GS/OB gain as expected (up to 30k new jobs between 05-10) (Hell a teenager can get a job in retail for over 11 $ph starting in Baldwin now)

and

Some of the other multibillion dollars in proposed investment into the state ( that Officials have repeatably mentioned but kept a tight lid on specifics)

all in conjunction with

the ports expansion, which will have effects that are far past "dock jobs"

and

the "mega expansion" of Casinos on the MSGC, of which will push them ahead of AC.

Lets take the "lower estimate" of 50k total additional jobs as a result of the above.

There are only 9,000 people unemployed in the ENTIRE CSA.

50k jobs in turn supports 50k in additional people (spouses, kids, elderly) = 100k

The numbers just dont add up. There is no way that many additional net jobs will be created because of pure economics.

It will just mean

1)businesses will absolutely not be able to find employees (THEY ALREADY CAN'T!!)

2)GDP growth will be above that of Shanghai (not joking here people, I am an econ major and have been working the numbers)

3)real wages will be climbing over 5% per year, especially on the lower middle end, and skilled industrial workers

4)Population will boom. This will create a massive influx of people "intown" as because there is nobody to build houses.

5)real estate prices will increase at double digits, (because of the above, but also b/c Mobile did not have the "credit bubble" other markets had and still has room to run)

Alabama's GDP growth is already about 5%. Unemployment is right near 3% and <3% in several metros including the ham.

Both of which are unsustainable in the long term. Both of which were caused by both prudent policy by Alabama (good business environment) and non-prudent policy (borrowing to subsidize new manufacturing jobs).

I think after this current round of industrial expansion, the state, should take a new strategy towards development. Begin to bring in different types of jobs, for example (instead of incenting manufacturing jobs, offer incentives to engineering and industrial design firms to relocate/expand)

We have too many jobs, and not enough workers, so lets begin to focus on building a sustainable and flexible jobmarket (aka not Detroit/rustbelt style) and not jobs that can/will be outsourced in a couple of decades.

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To whom is reading this what do you think our chances are on getting this project?

i say maybe 75% ?

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Mobile was named one of the top 10 North American Small Cities of the Future in the April/May issue of fDi magazine, a subsidiary of the London-based Financial Times. The magazine ranked Mobile #8 on the list and Huntsville #2.

Mobile Press-Register article

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Site Selection magazine has an online article about the competition between Alabama and Louisiana for the ThyssenKrupp steel plant. The article examines the factors involved in ThyssenKrupp executives' decision-making process and the potential uses of steel made at the future plant.

Site Selection: ThyssenKrupp's $2.9-Billion Southern Question

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The Department of Defense will announce the winner of a contract to build light cargo aircraft for the Army and Air Force on June 6th. If Raytheon/EADS wins the contract, they'll build the aircraft in Mobile, creating 150 jobs.

Mobile Press-Register: Air cargo decision put back to June 7

If Mobile gets this and the huge refueling aircraft plant, Mobile will be a real player in the aircraft industry. Keeping fingers crossed...

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^I had freakin forgot all about this potential.

I do remember it though, and also remember the amount of employment as a result of this contract would far exceed the direct jobs, with this project being very "supplier intensive".

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^I had freakin forgot all about this potential.

I do remember it though, and also remember the amount of employment as a result of this contract would far exceed the direct jobs, with this project being very "supplier intensive".

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I hope so.....but I am so nervous. If it goes to LA it will be okay. think about all that money that will go to all those different projects planned. Alabama will still win out. A lot of people that have been following the project are saying that it wont equal that size and the winning state might actually loose money.

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^^ I agree, this thing is huge and Alabama will still benefit from a Louisiana location, but a win would be so much better. :thumbsup:

This article from today's paper covers some of the concerns that you brought up. Some analysts don't think the mill will be as big as initially planned.

Mobile Press-Register: Alabama, Louisiana in race to wire for steel mill

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The suspense is killing me!!! I want us to get it so bad. It will be okay if Mobile doesn't get it.....this competition has given Mobile a lot of air in the industrial development world.

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Projects could create 700 jobs

The Mobile Industrial Development Board on Wednesday approved tax breaks for three new projects that collectively could create 700 local jobs.

Austal USA is building a new router shop and assembly bay on the Mobile River and will add 400 jobs at an average salary of $43,870.

EADS CASA is building a 38,000-square-foot hangar that will serve as the final delivery center for all EADS CASA aircraft sold to North American customers. A second project would create 150 jobs with an annual salary of about $38,000, and include construction of a 90,000-square-foot aircraft assembly plant if the company wins a contract to build light cargo planes for the Army and Air Force.

Southeastern Builders and Developers LLC of Columbus, Ohio, is evaluating sites for a proposed modular home factory that would employ 150 people at an annual salary of $36,000. Company officials will choose a site within four weeks.

Mobile Press-Register: The jobs just keep on coming

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Thats great news. I wish Mobile could attract more white collar type jobs.

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Thats great news. I wish Mobile could attract more white collar type jobs.

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Be thankful for what Mobile is getting. A lot of places would chop off a neighborhood to get the type of development you're getting there. It's a great time to be Mobile.

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$156.2 MILLION DEAL

Tuesday, May 22, 2007 By KAIJA WILKINSON Staff Reporter Mobile-based BancTrust Financial Group Inc. and The Peoples BancTrust Co. Inc., based in Selma, will try again to merge in a $156.2 million deal announced late Monday by the companies.

The new company will retain the BancTrust name and have its headquarters in Mobile, said W. Bibb Lamar Jr., president and chief executive officer of BancTrust Financial Group, who is set to become president and CEO of the newly combined company.

The deal would form the fifth-largest bank holding company in Alabama, the companies said.

http://www.al.com/business/press-register/....xml&coll=3

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Berg Steel Pipe Corp. of Panama City, FL will build a $75 million pipe plant at the 86-acre former International Paper site in north Mobile. The plant will make large-diameter pipe used in the oil and gas industry, and will employ about 100 workers at $12 to $18 per hour.

The facility will consist of a 180,000 sq. ft. pipe fabrication building and a 60,000-70,000 sq. ft. coating building. Berg will break ground in late June and have the plant open by the third quarter of 2008. The Mobile site was chosen over competitors in five other states, largely because of its proximity to five railroads, interstates and a large dock facility.

Mobile Press-Register: Berg Pipe closer to building $75M plant

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Mobile lost its bid to build the Joint Cargo Aircraft for the U.S. Army and Air Force. Pentagon officials announced Wednesday that they had chosen L-3 Communications and Boeing over Raytheon and EADS CASA for the proposed contract. Raytheon and EADS CASA had pledged to assemble the planes in a new Mobile plant, which would have created at least 150 jobs.

Mobile Press-Register: Mobile Loses Bid to Build Cargo Planes

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Mobile lost its bid to build the Joint Cargo Aircraft for the U.S. Army and Air Force. Pentagon officials announced Wednesday that they had chosen L-3 Communications and Boeing over Raytheon and EADS CASA for the proposed contract.

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The Mobile area could soon land another major new employer. Florida-based hospitality company Cala Corp. is seeking $300 million in Gulf Opportunity Zone financing as they consider a $600 million shipyard on about 80 acres at Middle Bay Port. The shipyard, which could employ thousands, would build a new class of luxury resort ships.

Details near the end of this article.

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