- Economic Development
- Why Albertville?
Discover that Albertville is not only a great place to live, but also a great place to do business. But don’t take our word for it; we’ve provided just a few examples of growth and opportunity that serve as evidence.
The Shoppes of Albertville, a joint partnership between the City and GBT Realty, is a newly constructed 100,000 plus square foot shopping center. Tenants opening in the first quarter of 2016 include:
- Hibbett Sports
- Hobby Lobby
- Rack Room Shoes
- Ross Dress for Less
Additional leases are in negotiation with more announcements forthcoming and limited space remains available.
Another shopping center with 96,000 square feet of retail space is also under construction and will house Dunham’s Sports, Ollie’s Bargain Outlet and VF Outlet with additional inline and outparcel space still available.
The Albertville City School System has experienced tremendous growth with record enrollment for the 2015 to 2016 school year. Construction has taken place at three elementary schools to accommodate increased enrollment and system employment is also at an all-time high. This growth is attributed to the system’s high academic standards, fine arts programs and athletic options for students.
Since 2012, there have been three new industrial facilities constructed in Albertville along with four existing industry expansions, totaling over $103 million in capital investment and 837 net new jobs.
Three industrial parks house 26 industrial facilities that make up the majority of employment in the county and trade area. This diverse industry base includes automotive, aerospace, distribution, poultry, plastics, forestry and home décor to name a few with additional parcels available for development.
The Albertville Regional Airport and the Alabama Aviation College, which is located on site, contribute greatly to Albertville’s economy with four aviation companies and much corporate traffic. The airport experiences approximately 5,000 operations per year and has 43 hangers at capacity with plans for expansion and relocation of Alabama State Highway 75 to accommodate the growth.
Downtown revitalization efforts are on-going with the adoption of a Master Plan and a downtown streetscape project in design with construction scheduled to begin in late 2016 that will include new sidewalks, pedestrian lighting, new intersection signalization and landscaping.
Six new restaurants and stores have opened thus far representing over $900,000 in capital investment and the creation of 30 jobs.