Gadsden Industrial Development Authority
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Fast Facts

The following information summarizes Etowah County's attributes as a manufacturing location. The Industrial Development Authority staff welcomes the opportunity to promptly answer your questions, provide elaborative details, and prepare materials specifically related to your particular locational requirements on a confidential basis.


Location and Logistics

  • Gadsden is on Interstates 59 and 759 in northeast Alabama; I-65 is a one-hour drive away, and I-20 is 45 minutes away.
  • We are within one hour of Birmingham, two hours of Atlanta and three hours of Nashville.
  • Two rail lines serve Etowah County, and transloading services are available.
  • Gadsden’s airport provides general aviation services and accommodates private jet aircraft; Birmingham's international airport is less than an hour’s drive away.
  • More than 50 first-tier automotive parts suppliers are within a two-hour drive of Gadsden.
  • There are 9 vehicle assembly plants within a three-hour drive.

Industrial Buildings

A variety of buildings are available for sale or lease. For example, more than 1,000,000 square feet of buildings (many having cranes) are now available for lease in a new, privately developed, heavy industrial park comprising the former Gulf States Steel site.

  • An electric power substation and a 115 KV transmission line are adjacent to this property.
  • Rail service is provided by two railroads; rail and truck scales are on site.
  • T-1 data connections are in place.

Industrial Sites

There are several industrial parks in Etowah County. The largest is Gadsden’s 1,000-acre Airport Industrial Park, adjacent to an I-59 interchange.

  • Individual sites can be configured in size and dimension to your specific requirements.
  • All utilities are in place.
  • A complete Environmental Impact Statement has been performed, disclosing no problems.

Support Services

  • Machine shops, tool & die shops, stamping operations, steel service centers  and plastic injection molders are here.
  • Other locally available services include industrial hardware distributors, electroplating, e-coating, powder coating, flocking, welding, industrial gases, cutting and shearing, grinding, mold repair and scrap metal recycling.
  • Chapters of NTMA and ASQ offer continuing education and networking programs.

Permits and Regulations

  • The policy of local elected officials and government department heads is to make sure new and expanding industries do not encounter any “red tape”.
  • A building permit can be issued within 5 working days of the submission of plans.
  • We are in attainment with all EPA ambient air quality standards; no local permits are required.
  • There are no state or local regulations pertaining to safety, health, or family and medical leave.

Taxes and Fees

  • The deductibility of federal taxes reduces the maximum corporate state income tax of 6.5% to an effective rate of about 4.3%, before any credits are applied.
  • The combined state, county and city property tax is 49 mills on 20% of assessed value, or $9,800 per $1 million annually before exemptions.
  • Sales taxes on construction materials total 9% before exemptions.
  • The combined use tax rate on the purchase of machinery and equipment is 3.25% before exemptions.

Incentives

  • State income tax credits can constitute 100% capital cost recovery.
  • Real property taxes can be exempted for 10 years.
  • Personal property taxes also can be exempted for 10 years.
  • Sales taxes on project construction materials can be exempted.
  • Use taxes on initial equipment purchases can be exempted as well.
  • No inventory taxes are assessed on raw materials, component parts, work in process or finished goods.
  • A retroactive state grant to help defray site preparation costs is available.
  • Job applicant recruiting, screening and training to company specifications are free of charge.

Labor Availability, Cost and Climate

  • The population is 37,000 in Gadsden, 75,000 in the urban area, 104,000 in Etowah County, and 384,000 in a 30-mile/48-kilometer labor market radius.
  • More than 3,000 persons have filed job applications at the state's Gadsden Career Center office; 13,000-plus residents are underemployed.
  • As examples, average hourly wage rates here are $11.36 for material handlers, $12.91 for welders, and $14.54 for machinists.
  • Alabama is a Right to Work state; 94% of the industries in Etowah County operate without unions, and 100% of the metalworking companies here are union-free.

Education and Training

  • Our public schools were the first in the state to adopt a Tech-Prep diploma curriculum.
  • Our community college offers Associates degrees in Automotive Manufacturing, Automated Manufacturing, Computer, Electrical Engineering, Electronic Engineering, Industrial Maintenance, Machine Tool, and Mechanical Engineering Technologies.
  • Our advanced manufacturing technology center provides postsecondary education, company-specific training and engineering assistance in CAD (including CATIA), CAM, CIM, CNC, MRP, LEAN manufacturing, PLCs, and quality systems such as ISO, QS, TS and Six Sigma.
  • We have registered apprenticeship programs for mold makers, machinists and tool & die makers.

Quality of Life for Transferees

  • Our public school systems have advanced academic and fine arts programs.
  • A large community college and branches of three state universities are here.
  • Costs of housing and of living are among the most affordable in the U.S.
  • Gadsden has two regional medical centers and numerous health care providers.
  • A symphony orchestra, art museum, civic theatre and cultural arts center are here.
  • The climate allows year-round golf, tennis, fishing and other recreational activities.
  • Gadsden is a Keep America Beautiful national award-winner, a recipient of the U.S. Conference of Mayors' City Livability Award, and a winner of the prestigious "All-America City” award from the National Civic League.

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Gadsden-Etowah County Industrial Development Authority
Gadsden-Etowah County Industrial Development Authority
Copyright 2011. All Rights Reserved. — Launch Admin Admin
One Commerce Square • Gadsden, AL 35901
Phone: 256.543.9423 • Fax: 256.547.2351
Gadsden-Etowah County Industrial Development Authority One Commerce Square, Gadsden AL 35901 Phone.256.543.9423 Fax.256.547.2351