HudsonAlpha by the Numbers
- 34 Associate Companies
- 536 employees in Associate Companies
- 199 employees of HudsonAlpha Institute for Biotechnology
- 152 acres
- 3 buildings with a 4th opening in 2018
- 1 conference center
- 465,000 sf of office, lab and shared campus space
Alabama is home to more than 550 bioscience companies, and more than 10,000 Alabamians work in biosciences. Huntsville plays a pivotal role in fueling Alabama’s growing reputation as the “Biotech hub of the Southeast”. For decades, Huntsville has been home to pioneers in Defense and Aerospace, like Boeing and Northrop Grumman, and engineering companies like Adtran. Today, the Rocket City is emerging as a pacesetter for biotech as well. Since 2006, HudsonAlpha alone has generated more than $1.85 billion in economic impact for the state of Alabama, and generated more than 1,300 jobs (direct and multiplier), according to a recent impact analysis study conducted by the University of Alabama in Huntsville.
Launchpad for Innovation
Alabama’s competitive cost structure and the growing ranks of a skilled, biotech-literate labor pool are not only a dynamic combination, but also the foundation for success for industry leaders seeking to relocate, expand, or open new doors. Asset-rich, pro-business Alabama sits in the cradle of the Biotech Corridor, making it a gateway state for domestic and international interests seeking new markets. Incentives packages, customized training, and support services are available at the state and local level, as well as unique assistance for start-ups.
Cummings Research Park
The 152 acre HudsonAlpha campus is located in Cummings Research Park, the second-largest research park in the U.S., and the fourth largest research park in the world. Home to more than 300 companies and 30,000 employees, Cummings Research Park co-locates Fortune 500 companies with local and international business specializing in a wide range of high-tech industries. From Boeing and Northrop Grumman in aerospace and defense, to companies like Adtran in the engineering and information technology industry, Cummings Research Park is a place that is transforms research into business success. Conveniently, Cummings Research Park and the HudsonAlpha campus is only minutes from the Port of Huntsville (Huntsville International Airport and International Intermodal Center) and convenient to I-565, I-65 and the Tennessee River Waterway system.
|Points of Interest||Miles away|
|Interstate 565:||approx. 3.0 miles away|
|Interstate 65:||approx. 17.0 miles away|
|Huntsville International Airport/Port of Huntsville:||approx. 10.0 miles away|
|Pryor Field Regional Airport:||approx. 22.0 miles away|
|Madison County Executive Airport:||approx. 16.0 miles away|
|Norfolk Southern Rail Access/Intermodal:||approx. 9.0 miles away|
|Distance/Drive time to downtown Nashville:||approx. 109 miles / 1h 45m|
|Distance/Drive time to downtown Birmingham:||approx. 99 miles / 1h 30m|
Tax and Incentives
Alabama is committed to the promotion and maintenance of a competitive business climate. The state has developed one of the most aggressive tax incentive programs in the nation for new and expanding industry. The Department of Revenue administers several tax incentives for existing industries, expanding industries and new industries locating to Alabama. Alabama tax incentives are created and administered under the Alabama Constitution of 1901 and the Code of Alabama 1975. The statutory basis for Alabama tax incentives gives industry a stable framework for long-term investment. To learn more, visit www.edpa.org/location-assistance/taxes-incentives.
Power and Utilities
Power in Huntsville and the surrounding seven-state region is provided by Tennessee Valley Authority, the largest government-owned power provider in the U.S. TVA delivers reliable, competitively priced electricity to homes and businesses at an average retail price that ranks 39th lowest among the nation’s 100 largest utilities. Additionally, TVA invests in communities and businesses to foster job growth and retention with financial and technical assistance, economic development incentives, and a multimillion dollar revolving loan program, designed to stimulate investment and job creation in the TVA region. HudsonAlpha has a close relationship with TVA, and energy-saving components at the Institute reduce energy and water consumption by 25% (compared to typical lab facilities).