HUNTSVILLE, Alabama (WHNT) — This year, Boeing celebrates 60 years in business in Alabama. The company first opened an office in Huntsville in 1962.
Since then, Boeing in Huntsville has worked on the Saturn V rocket, lunar missions, International Space Station, Mid-Range Earth Defense, Space Launch System and many other projects.
During a celebration and announcement at the Huntsville-Madison Chamber of Commerce on Tuesday, Huntsville Site Chief Ramon Sanchez said that “For six decades, Alabama and Boeing have shared an innovation partnership , growth and prosperity”.
Sanchez said: “We cut our teeth sixty years ago supporting NASA’s Saturn V space industry, and we continue to perform and be a major player in the space race for the United States. United and the nation.”
At the event, the results of a recent economic impact study conducted by the University of Alabama for Boeing were shared.
The study was based on data from 2021. That year, the company employed 2,929 people in Alabama.
The company now employs about 3,000 employees in the state.
Samuel Addy, senior research economist and associate dean of economic development at the University of Alabama, said that in Alabama, Boeing’s total payroll was about $302 million. Addy said that puts the average worker salary at $103,000.
That’s more than double the state average of $51,000.
The study results show the role Boeing has played in developing the space industry and workforce in Alabama.
- Boeing’s economic output in 2021 was $2.731 billion, of which $663.2 million represents revenue from more than 9,000 direct and indirect jobs
- In the same year, profits generated more than $60 million in tax revenue, including $35 million in state taxes and $26.5 million in local taxes. State revenues included $21.8 million in personal income tax, $11.4 million in sales tax, and $1.8 million in property tax.
- The company also made in-state, non-payroll purchases and expenditures of $979.1 million, bringing the company’s total in-state expenditures to approximately $1.3 billion.
- In addition to the significant economic impact Boeing provides to Alabama, the company also contributes significantly to community and workforce development in the state, including $2.9 million in commercial contributions and charitable grants in 2021.
Addy said Boeing’s impact helps bring other major industries to Huntsville.
“Other companies look at the success of other companies to actually come to an area,” he said.
Mayor Tommy Battle also spoke at the event.
“Boeing’s success is the success of the city of Huntsville and has been the success of our entire region,” he said. “As they (Boeing) have grown over the past 60 years, they’ve grown Rocket City.”
Part of the 60th anniversary celebration included the announcement of two $60,000 grants.
These grants were awarded to the STEM program at the Boys and Girls Club of North Alabama and the Hiring Our Heroes program at the Huntsville-Madison County Chamber Foundation.
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