Decatur Development Blog

Expansion and Development in the Greater Decatur area

Posts Tagged ‘Madison County’

MorCo Industrial Park and dropping jobless rates?

Posted by alalto on July 21, 2009


The bonds for the $16 Million industrial park south of Hartselle, along Thompson Road and Interstate 65. This industrial park is expected to be similar, yet different, than the Mallard-Fox Industrial Park along the Tennessee River, west of Decatur on Alabama 20/ALT 72.

The parks are supposed to be similar in that the two will both have influence from the Decatur-Morgan County Port Authority, which allows for railroad access, and other intramodel utilities. Also, the new park is expected to look at more technical and hi-tech manufacturers/industries as tenants. First tenants will likely be located along the interstate, of course because of the exposure.

Now, I’ll start with the pros of this:

Location location location
Because this park is to be located along I-65, it is obvious that we’re going to get more visible industry/business from the interstate. Why is this good? Because it matters how people view the Decatur area. Is the area rural? or is it more metropolitan? We all know that the area is more metropolitan, but most people (whether they be simple tourists or developers/businessmen/potential investors) don’t have any clue what the area is like, mainly because there’s nothing to look at in Morgan County. Now, while I enjoy foliage, and the greenery along the highway, there isn’t much at this specific location. And it is important that the Decatur area is viewed as a developed/developing, economic, GROWING, and maintained area. Potential investors, though many will deny it, focus a lot on vanity, which is basically how the area looks to outsiders. In other words, it is important to be viewed as growing in order to continue growing.

The cons:

Meh…
As far as the financial impact on the county’s and the cities’ books goes, it’s not that risky. The money to make payments on the bonds comes from a steady income of “in lieu of tax” payments made to the area by TVA (Tennessee Valley Authority). If this industrial park is as successful as Mallard-Fox has been, we can expect a great return in the initial investment made by the county. And, ladies and gentlemen, Mallard-Fox has been outstandingly successful.

The only negative I really see with this park is the area that it will be improving. While we can expect a great deal of realistic influence on communities that are within about 5 to 10 miles (it all honestly depends on a complex “distance decay” formula which is in all honesty to complex for me to explain) it doesn’t seem that communities as far away as Somerville, Morgan City, and Lacey’s Spring will be realistically affected by this. Other than having some more money flowing into their municipal coffers, I don’t see any seriously noticeable growth in population or private sector economy occurring. However, I do see a possible positive affect on areas like Moulton, Lacon, Eva, Falkville, and Danville. The obvious benefactors are Hartselle, Decatur, and Priceville, because of their close proximity to the area. Hartselle and Falkville are the communities that I see benefiting the most economically, while I think we’ll see Decatur grabbing most of the population growth involved, followed by Hartselle, then Falkville, then Danville.

Apparently, the unemployment rate in the Decatur Metropolitan Area has decreased! The Decatur Metro was the ONLY part of the state to see a decrease in the unemployment rate in the ENTIRE state.

The Decatur Metropolitan Area, which consists of Morgan and Lawrence Counties saw the following:

in Morgan County, unemployment decreased from 10.2 to 10.1%
in Lawrence County, unemployment decreased from 12.4 to 12.3%

While the two counties saw a decrease, the rates were still high when compared to the counties with the lowest rates in the state. The lowest rate in the state was Shelby with 7.6 percent, followed by Madison with 7.9, then Coffee County (Enterprise/Elba in the Dothan Area) with 8.2. The Coffee County rate was particularly pleasing. It shows that the Wiregrass region of Alabama is now becoming a truly metropolitan region. Anyways, the lowest rate in the state was Wilcox with 24.4 percent.

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Decatur gets richer and it’s not 1984

Posted by alalto on August 8, 2008


Well folks, great news. The Decatur Metropolitan Area (Morgan and Lawrence Counties) experienced the second highest per capita income growth in the state, and the highest in North Alabama. Between 2006 and 2007 the Decatur Metro per capita income grew by 5.2 percent. According to the U.S. Bureau of Economic Analysis, the Huntsville Metro Area (Madison and Limestone Counties) experienced a growth rate of 4 percent for the same period of time.

The highest growth rate in the state was not state for some reason… Anyways, ranked, the Birmingham-Hoover Metro Area has a per capita income of $39,247, with a growth rate of 5.1 percent. Huntsville was next with $36,084. Then came Montgomery with $34,333 with a growth rate of 4.1 percent. Then came Decatur with $32,293.

For the next story, just so you know, the cameras that look like big brother from 1984 is watching you and taking a picture of your car tag when you run a red light are not such. They are merely a traffic monitoring system that is used to regulate traffic lights. Don’t worry, these things are just making your commute better. And they last longer than a regular in ground sensor.

Is it just me or are there more and more people being pulled over lately???

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