Alabama’s economy should continue to see modest growth through the remainder of 2013. Economists at the Center for Business and Economic Research (CBER) in The University of Alabama’s Culverhouse College of Commerce expect real GDP to increase close to 2.0 percent this year, about the same or a little below last ... more
The federal budget sequester and continuing uncertainty about fiscal policy are clearly dampening Alabama business confidence. For the state as a whole, the Alabama Business Confidence Index™ (ABCI) registered 47.7 on the second quarter 2013 survey. Although up 2.3 points, the index remains below 50 and signals a ... more
The momentum in Alabama’s economy during the second half of 2012 should continue into 2013, 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, discussed developments in the state during 2012 and prospects for 2013 at the Center’s 25th annual Economic ...more
For 2010-2011, The University of Alabama (UA) economic impacts on the State of Alabama were $2.161 billion and 11,016 jobs. About $88.1 million in state and local tax revenues were generated; $55.1 million for the state ($26.4 million sales and $28.8 million income) and $33.0 million local sales tax.
For every $1 of state appropriation UA created a $15.72 statewide impact with leveraging. Alabama will realize a 14.7 percent annual rate of return on the $137.4 million state appropriation to UA over the working life of the 2010-2011 graduating class from $1.1 billion in additional income and sales taxes ($776.5 million state and $330.3 million local).
Alabama home football games had a total impact of $170.3 million on the state, an average of $24.3 million per game... more
Alabama Business Confidence Falls to 48.3 on the Fourth Quarter Outlook
Business optimism, measured by the Alabama Business Confidence Index™ (ABCI), a project of the Center for Business and Economic Research at The University of Alabama, fell 1.9 points on the fourth quarter survey. At 48.3 the ABCI indicates that both the economic environment and business prospects in general ...more
UA Economist Provides Cost-Benefit Analysis of New Alabama Immigration Law
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