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Alabama Power and Economic Development Alabama County Government Institute Shane Kearney Sr. Project Manager Economic Development Alabama Power Company 205.613.3050(M) 205.257.3197(W) www.amazingalabama.com www.amazingalabama.com
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“For almost 100 years we have been providing a full range of site selection services” “Our Department is a Professional Services Firm” Alabama Power Company, Economic Development, we are our History
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Southern Company Holding Company for Alabama Power, Georgia Power, Gulf Power and Mississippi Power 25,000 employees Approximately 44,200 MWs of Nameplate Generation within Balancing Area 2011 Platts Global Energy - Power Company of the Year 500 kV, 230 kV, 161 kV, 115 kV and 46 kV Transmission Operating Voltages. 4.4 million customers 15,000 industrial customers Alabama Power Company Top Business Ranking – 2011 & 2012 Electric Utility Business Customer Satisfaction Study - JD Power & Associates 99.97 Reliability Rating 1.4 million customers 5,750 industrial customers Who are we today?
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Our Goal: To provide world class economic development services as a trusted third party “Corporate Partner.” Our Objectives: Positively impact the economy and wage culture of the state. Help our existing customers to grow and be as successful as possible. Increase our industrial customer base Alabama Power Economic Development
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A Team Approach to Economic Development – A Public/Private Partnership Economic Development Partnership of Alabama (EDPA) Alabama Power Company PowerSouth Energy Cooperative Privately funded Chambers of Commerce/ED Organizations Lawfirms, Construction firms, engineering firms, banks Alabama Economic Development – Private Sector Allies
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Alabama Economic Development – Public Sector Allies Alabama Development of Commerce (ADOC) Alabama Industrial Development Training (AIDT) 2 and 4 year College Systems Alabama Department of Revenue (ADOR) Alabama Department of Environmental Management (ADEM) Alabama Department of Economic and Community Affairs (ADECA) Alabama Department of Agriculture and Industries North Alabama Industrial Development Association (NAIDA-TVA) Others
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What sectors is APC ECD actively working projects in? What is an active project? Active Projects (“Projects”) are prospective businesses and industries that APC’s Economic Development Department has invested significant time and effort into pursuing for Alabama locations. The probabilities of these Projects locating in Alabama range from ten to ninety per cent (10% to 90%).
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What sectors is APC ECD actively working projects in?
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What sectors are potential announcements in? High “probability” projects are in: Automotive Chemicals Forest Products Building products
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Foreign Direct Investment (FDI) in Alabama – the growth engine for the state’s economy Source: Alabama Department of Commerce STATE TOTALS 2001-2011 4,224 projects 189,171 jobs $33.5 Billion in CAPEX
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Foreign Direct Investment (FDI) in Alabama – the growth engine for the state’s economy Source: Alabama Department of Commerce
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What does the future hold? Source: The Economist We must always think in the long term…
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Alabama must continue to look outward.. Source: Alabama Department of Commerce
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Some manufacturing could be moving back to US.. Source: Boston Consulting Group, March 2012
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Some manufacturing could be moving back to US..
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Manufacturing could be moving back to US.. Source: Deloitte Touche Tohmatsu, 2013
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Why do we pursue manufacturing?
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www.AmazingAlabama.com
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Building and Site Search http://www.amazingalabama.com/building-site-search.html
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Who is visiting our website?
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How do we leverage our website?
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Social Media
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Questions? Shane Kearney Sr. Project Manager Economic Development Alabama Power Company 205.613.3050(M) 205.257.3197(W) www.amazingalabama.com www.amazingalabama.com
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