Magic City Marketplace
Birmingham Expects a Boost from National Civil Rights Designation
What a national historic monument designation for Birmingham's Civil Rights District could mean for tourism
How Birmingham is Doing Attracting Millennials
As Birmingham works to keep its post-recession economic rebound going, a part of that is Millennials. As these people born roughly between 1980 and 2000 enter the job market or advance in their careers, they’ll rent apartments, buy homes, spend money that will fuel future growth. So business leaders are keen to attract and keep Millennials in Birmingham. That’s where we start in this week’s Magic City Marketplace.
What a President Trump Means for Business
President-elect Donald Trump won the election on a promise to make America the best place in the world to do business. But apart from backing away from trade deals, the specifics of what a Trump Administration would do for the business community are still unclear. We get a sense of what might be coming in this week’s Magic City Marketplace.
A Birmingham/NASA Connection and Amendment 11
Alabama has a long history with space exploration thanks to the Marshal Space Flight Center and other NASA facilities in Huntsville. But Birmingham is taking a small step toward that space industry through a project at UAB. We hear about it along with Amendment 11, a ballot proposal economic development leaders want to see passed, in this week’s Magic City Marketplace
U.S. 280 Becoming a Second City Center
There’s been plenty of attention showered on downtown Birmingham for its building boom and growth in restaurants and attractions. But there’s another area that’s been expanding too into almost another economic hub. That’s the U.S. 280 corridor from Jefferson to Shelby counties. We talk about that in this week’s Magic City Marketplace.
Alabama Leaders Hope to Land New Air Force Fighters
Earlier this year the Air Force declared its Lockheed Martin F-35 Lightning 2 program combat ready. It’s been 23 years in the making and has suffered though shortcomings and budget issues. But with the fighters ready to take the sky, political leaders in Alabama are hoping to bring the program to this state and the economic benefits that come along with it. That’s in this week’s Magic City Marketplace.
Birmingham’s Airport Struggles to add Airlines
When a New Orleans-based airline announced it was starting non-stop flights from that city to Alabama earlier this year, they announced those flights would come to Huntsville. It was a blow to Birmingham which had been under consideration. But it also speaks to the position Birmingham is in when it comes to attracting new airlines or flights. We talk about it in this week’s Magic City Marketplace.
UAB, Private Groups Part of the Fight Against Breast Cancer
You may see more pink ribbons and other pink items in the next few weeks as October is Breast Cancer Awareness month. The UAB Comprehensive Cancer Center is one of many operations working to fight breast cancer. We talk about that effort and how it overlaps with the business community in this week's Magic City Marketplace.
Downtown Birmingham’s Middle Income Housing Gap
Birmingham’s downtown has seen many new apartment projects go up with more on the way. Developers have been pretty clear they’re after the high-end apartment market. But not everyone who wants to live in the city center can afford those high rents. It’s creating something of a housing gap and we talk about that in this week’s Magic City Marketplace.
Lakeshore/UAB Partnership Spurs Disability Health Research
The 2016 Paralympics took place earlier this month. When that competition happens, the Birmingham-based Lakeshore Foundation often gets some attention. Lakeshore is a training center for Paralympic athletes. But it is also driving research around physical disabilities and technology. We hear about it in this week’s Magic City Marketplace.
Picture Not Quite as Rosy for Law School Grads
Law school graduates seem to be in an enviable position. They're on the way to a solid job with good pay and a prestigious career. That rosy picture though has tarnished somewhat. We hear about it in this week's Magic City Marketplace.
Where Clinton and Trump Stand on Business Issues
We’re less than 60 days from the presidential election. It’s been a roller coaster of a campaign already between Republican Donald Trump and Democrat Hillary Clinton. But there are issues beneath the headlines and we look at some of the issues of importance to the business community in this week’s Magic City Marketplace.
What Birmingham’s Music Festivals Could Mean for Business
As Labor Day unofficially marks the end of summer, this week's Magic City Marketplace looks at why Birmingham's music festivals hold relevance for the business community.
Birmingham’s Climate for High-growth Companies
The idea of starting or growing a business is pretty straightforward – an entrepreneur takes money and through hard work develops products or services to bring to the marketplace. But not all marketplaces are equal. This week in Magic City Marketplace we have some perspective on how well Birmingham is for entrepreneurs and companies trying to scale up quickly.
Birmingham’s Evolving Luxury Home Market
Birmingham’s housing market has steadily improved since the recession with some pockets absolutely on fire this year. But there's a segment of housing worth look at more closely – luxury homes. We talk about these homes selling for more than a million dollars in this week's Magic City Marketplace.
What’s Ailing Birmingham’s Public Transportation Industry?
There are several transformative projects many feel have lost momentum. We start this week's Magic City Marketplace asking, "Where do we go from here?
CEO Pay in Birmingham
Researchers have documented rising inequality between those at the top of the economic ladder and workers at the bottom. Perhaps nothing represents this split more than the CEO salary. We hear about the earnings of Birmingham area CEOs in this week’s Magic City Marketplace.
Birmingham Startup Lands $20 million in Venture Capital
Birmingham tech startup Shipt grabbed eyeballs earlier this year when its logo went up on a on a downtown building. It drew wider attention with the announcement the company pulled down $20 million in venture capital. We talk about what that means in this week’s Magic City Marketplace.
Why is Commercial Real Estate such a Hot Commodity in Birmingham?
Birmingham is attracting a lot of commercial investment. Since 2011, out-of-state investors have spent more than $3.8 billion on commercial property in Jefferson and Shelby Counties. This trend is said to have peaked in 2014, but experts say investor money is still flowing into the city. In this week’s Magic City Marketplace, Ty West, editor […]
Strong Headwinds Against Wind Energy in Alabama
Drive through the Midwest or Great Plains and you may see expansive wind farms rising from the fields. That sight is not something you see in Alabama. Still there are those who see a place for wind energy in this state and we talk about it in this week’s Magic City Marketplace.
Cahaba Grand Sale Leaves Void for Large Events
Alabama’s largest church, the Church of the Highlands, purchased the Cahaba Grand Conference Center for $8 million earlier this year. As that facility along Highway 280 transitions from conference venue to house of worship, it’s causing ripples through the Birmingham area event space market. We talk about it in this week’s Magic City Marketplace.
A Birmingham Business Mystery may be Revealed, Soon
A “good news” Birmingham business mystery may soon be revealed. The firearms business is booming. Changes in the industrial economy are impacting Alabama’s waterways and roadways. Ty West is Editor of the Birmingham Business Journal. He joins WBHM’s Scott Hanley to consider some of these latest stories in the Magic City Marketplace.
The Potential for a New Round of Bank Mergers
Birmingham’s banking industry is not what it used to be. After major acquisitions in the 2000s and the Great Recession, Birmingham is left with two big banks: Regions and BBVA Compass, which was snapped up by a Spanish financial giant. While all that activity has died down, there’s chatter we could see a pick up in mergers and acquisitions among banks. We start there in this week’s Magic City Marketplace.
Birmingham’s Perceived Growth: What’s Real and What’s Not
The University of Alabama at Birmingham wants to expand its role as a statewide player in healthcare through the passage of the University Authority Act approved this spring by the Alabama Legislature. It allows the school's medical branch to join forces with other healthcare facilities around the state - especially in rural Alabama.
Birmingham Restaurants Face Worker Shortage
Birmingham’s food scene wins accolades from the around the country. It seems there’s always a new restaurant to try. But that success has created a new problem. There are not enough people to staff restaurant kitchens. We hear about that from Birmingham Business Journal editor Ty West in this week’s Magic City Marketplace.
Increase of Private Funds for Medical Research Raises Ethical Concerns
Medical research is a notable part of the Birmingham economy and more and more funding for potential breakthroughs is coming from private dollars. That can open up ethical questions. We also talk about a planned technology festival in Birmingham and the effect of new federal overtime rules in this week's Magic City Marketplace.
Businesses Worry Birmingham’s Political Spat Could Hurt City’s Revival
Birmingham's city center has seen project after project pop up over the last five years or so. While the business community would love to see that continue, there's concern the acrimony right now between Birmingham Mayor William Bell and the city council could cut into the momentum. We talk about that in this week's Magic City Marketplace. Birmingham Business Journal editor Ty West explains to WBHM's Andrew Yeager what has business leaders worried.
Small Banks Continue Move to Birmingham
Birmingham’s banking sector has seen smaller banks entering the market hoping to latch onto growth in the state’s biggest metro area. So far in 2016, that trend is not slowing. We start there in this week’s Magic City Marketplace. The Birmingham Business Journal's Ty West also explains how the healthcare community is reacting to a General Fund budget Alabama's Medicaid commissioner says is below what's needed to maintain services.
Congestion Not Likely to Improve Around Birmingham
Anyone who commutes along I-65 or U.S. 280 around Birmingham, knows those highways can get congested. But those are far from the only roadways feeling pressure. Backups are annoying and have real costs.Birmingham Birmingham Business Journal editor Ty West talks about that in this week’s Magic City Marketplace. He also explains why retail has been lagging in downtown Birmingham's revival.
Birmingham Housing Market Tilts to Sellers
The housing market is cyclical as are so many things in business. After a housing-led recession and recovery, the Birmingham housing market is becoming a sellers market with far more demand than homes to go around. But the adage "location, location, location" still applies. Birmingham Business Journal editor Ty West explains in this week's Magic City Marketplace.
Hospitals see Changes in Alabama’s Certificate of Need Process
If you don't work in the healthcare industry, you might not be familiar with Alabama's Certificate of Need process. It's bureaucratic, often with mounds of paperwork and legal fees, but it determines what healthcare facilities get built in the state. And in some cases, which ones are blocked. We hear about the process and some changes in this week's Magic City Marketplace.
What the Bentley Scandal Means for Economic Development
The scandal surrounding Governor Robert Bentley’s alleged affair with a former top advisor has grabbed attention from CNN to the New York Times to the Washington Post. With that national media attention, some Bentley opponents in the legislature have suggested his troubles have hurt the state’s economic development efforts. We explore that in this week’s Magic City Marketplace.
