The University of Alabama 2013-2014 Economic Impacts
For the 2013-2014 academic year, economic and fiscal impacts of The University of
Alabama (UA) on the State of Alabama were $2.5 billion, 12,132 jobs, and $111.5 million in income and sales taxes ($34.1 million state sales tax, $34.7 million state income tax, and $42.7 million local sales tax). Compared to $144.2 million state appropriation for the year, the $2.5 billion impact translates into a $17.06 impact for every $1 of state appropriation. The seven home football games had a total statewide impact of $180.7 million, an average of $25.8 million per game.
The State of Alabama will realize a 17.0 percent annual rate of return on its $144.2 million fiscal year 2014 appropriation to the university because over their careers the UA 2013-2014 graduating class will pay additional taxes of $885.3 million ...more
Third Quarter 2015 Alabama Business Optimism Remains at Highest Level since Mid-2006The Alabama Business Confidence Index™ (ABCI) ) came in at an optimistic 54.8 on the third quarter 2015 survey. That’s 2.8 points lower than last quarter and less than a point below the ABCI of 55.5 recorded a year ago. Most component indexes decreased this quarter. Among statewide indicators, the largest losses in expectations were for hiring and sales. The state economy fared well in the survey, as confidence among ...more
Business Executives Rank Education and Workforce Training the Top Issue Facing AlabamaThe Alabama Business Confidence Index™ (ABCI) panelists voiced their opinions about the top issues facing the state and their companies in a survey conducted by the Center for Business and Economic Research (CBER) in November 2014. Business executives reported that education and workforce training was the top issue facing the state ...more
Alabama Economics Club - "2015 National, State, and Local Economic Outlook"
Downlaod the PowerPoint presentation of Mr. Ahamd Ijaz here.
2015 Alabama Economic Forecast Released at 27th Annual CBER Conference
Alabama is expected to see stronger growth in both economic output (GDP) and employment during 2015, according to the forecast from UA’s Center for Business and Economic Research (CBER). Dr. Sam Addy, CBER Director and Associate Dean for Research and Outreach in the Culverhouse College of Commerce and Ahmad Ijaz, Associate Director and Director of Economic Forecasting, presented an encouraging outlook for the state in 2015 at CBER’s 27th annual Economic Outlook Conference. Around 150 attended the meeting, held January 15th in Montgomery ...more
Alabama Job Growth Picking Up, Economic Forecast from UA’s CBER Improves
Recent numbers indicate that Alabama job growth may finally be picking up from the slow pace seen since the last recession. The state added 31,600 jobs between September 2013 and September 2014. That’s one of the highest rates of job growth during a 12-month period since the U.S. economy fell into ...more
CBER Analysis Validates Predictive Significance of ABCI
Each quarter business executives across Alabama take the online Alabama Business Confidence Index™ (ABCI) survey, a project of the Center for Business and Economic Research (CBER) in UA's Culverhouse College of Commerce. The recent Q4 2013 survey marked 48 consecutive quarters of ABCI results. Using these survey results, CBER has completed a Validation Analysis comparing statewide trends in the ABCI and ...more
In a new study, Dr. Samuel Addy, Director of UA's Center for Business and Economic Research, utilizes cost-benefit analysis to assess the economic impacts of HB 56, the Alabama immigration law ...more
A study completed by CBER in 2011 for the Alabama Association of Regional Councils (AARC) assesses the status of the state’s economy, people, resources, and environment in global, national, and regional contexts. The 53-page report, Alabama in the Global Economy, considers the question of “Where do we go from here?” and offers policy recommendations for sustainable development. It is part of the AARC’s recent update of Alabama’s Comprehensive Economic Development Strategy (CEDS). You can visit the Alabama CEDS website at http://ceds.alabama.gov/ for reports, data, and maps or access the Alabama in the Global Economy report directly here.Preliminary Economic and Fiscal Impacts of the April 27, 2011 Tornadoes in Alabama
Preliminary macroeconomic impact estimates of the April 27, 2011 tornadoes that hit Alabama are reductions of (i) 0.2-0.5 percent in employment or 5,600-13,200 jobs, (ii) 0.2-0.5 percent in state tax collections or $19.1-44.5 million, (iii) 0.5-0.7 percent in Alabama Gross Domestic Product (GDP) or $835 million to $1.3 billion, and (iv) $4.4-10.2 million in local sales tax collections. These loss effects are expected to be experienced in 2011 only ...moreBP Oil Spill Preliminary Macroeconomic Impacts on Alabama
The Center for Business and Economic Research has released preliminary macroeconomic impact estimates of the BP Deepwater Horizon oil spill on Alabama for 2010 ...more
Center for Business and Economic Research, Box 870221, Tuscaloosa, AL 35487-0221
Phone: 205.348.6191, Fax: 205.348.2951, Email: email@example.com