Business Executives Reported Education and Workforce Training the Top Issue Facing Alabama
Business executives in Alabama believe education and workforce training is the top issue currently facing the state. Education and workforce training ranked second in the 2015 survey and was one of the most significant shifts in rankings from the previous year.
Business executives are surveyed annually by the Center for Business and Economic Research in The University of Alabama’s Culverhouse College of Commerce on various topics related to issues facing the state and their respective ...more
Alabama Business Confidence Optimistic for Beginning of 2017
Business confidence grew significantly to reach 62.7 on the first quarter 2017 Alabama Business Confidence Index TM (ABCI) survey, conducted by the Center for Business and Economic Research in UA’s Culverhouse College of Commerce. The index gained 10.1 from the fourth quarter survey, passing 60 for the first time since 2006 and indicating increased confidence in economic growth. Alabama business leaders feel optimistic about economic potential both a nationally and in the state, with significant increases in ...more
Alabama Job Growth Continues, Economic Forecast from UA’s CBER Updated
Recent numbers indicate that Alabama job growth continues its slow but solid pace. The state added 24,500 jobs between October 2015 and October 2016. Most of job gains were in services providing firms that added 20,700 workers. Employment levels within goods-producing firms also rose, by 3,800. Despite an improvement in both residential and commercial construction activity in the state, overall employment in construction-related firms fell by 2,200 over the twelve-month period ending ...more
Alabama State Data Center 2016 Data Conference
The University of Alabama 2014-2015 Economic Impacts
The University of Alabama (UA) economic and fiscal impacts on the State of Alabama for the 2014-2015 academic year were $2.541 billion, 12,922 jobs, and $121.2 million in income and sales taxes ($37.5 million state sales tax, $36.8 million state income tax, and $46.9 million local sales tax). Compared to $146.2 million state appropriation for the year, the $2.541 billion impact translates into a $17.38 impact for every $1 of state appropriation. The seven home football games had a total statewide impact of $173.3 million, an average of $24.8 million per game.
The State of Alabama will realize a 14.5 percent annual rate of return on its $146.2 million fiscal year 2015 appropriation to the university because over their careers the UA 2014-2015 graduating class will pay additional taxes of $969.1 ...more
Alabama's Metro Areas Facts and Figures
Alabama Economics Club - "2015 National, State, and Local Economic Outlook"
Downlaod the PowerPoint presentation of Mr. Ahamd Ijaz here.
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