Governor Robert Bentley made a major job development announcement Monday afternoon.
Remington Outdoor Company, a company that produces guns and ammunition, said they will be moving to Huntsville. The move is expected to bring more than 2,000 jobs to the Rocket City within the next 10 years. Remington will now be the third-largest private employer in Madison County.
"I am honored to welcome Remington to Alabama," Governor Robert Bentley said. "The Alabama workforce, our business climate and our quality of life continue to make Alabama extremely attractive to companies. Remington will soon experience the same type of success that other companies in Alabama have already experienced. Today's announcement will create more than 2,000 jobs in Huntsville, and reflects a statewide capital investment of $110 million. Our relationship with Remington is just beginning, and I look forward to a continued partnership with the company."
"Make no mistake about it, the behind-the-scenes competition for Remington's plant was fierce and nation-wide," said Congressman Mo Brooks. "It is a credit to the citizens of Alabama generally, and the Tennessee Valley in particular, that Remington chose us over every other competitor in America."
Remington has 19 locations in the United States. Alabama was one of 24 states looking to secure this deal, but in the end, Remington said the Tennessee Valley was the right place for a few key reasons.
The company will expand to the old Chrysler building on Electronics Boulevard, which Remington decided was the best place to start up production. The area also has the right skilled workforce, and most importantly, the area is located in the right state, which highly supports people's second-amendment rights.
"We are thrilled to see this 200-year-old company, the country's oldest continuously operating manufacturer, join our community. Remington has seen a 75-percent growth in the past five years and this latest expansion will bring well-paying jobs for skilled tradesmen, engineers and support personnel," said Huntsville Mayor Tommy Battle.
The company is expected to begin operations in Alabama within the next 18 months. Personnel hired for the company are expected to earn an average salary of around $40,000.
In the long term, Battle said, Remington should bring in tax revenue for decades. While he said there was no way to know the exact number, he estimated it would be in the tens of millions of dollars.
Remington will receive $38 million in state incentives to help offset the costs associated with retrofitting the Chrysler facility and buy equipment and machinery for the operation, according to a Department of Commerce report (PDF). The state incentives total $54.4 million.
On the local level, the cities of Huntsville, Madison and Athens, along with the counties of Madison, Limestone and Morgan will contribute to the incentive package.
This announcement is the latest in a string of companies expanding or coming to the Rocket City.
Last week, Whole Foods announced they'll open a new store in 2016. In January, General Electric announced additional facilities at their plant in Huntsville. In December, Boeing announced a new technology research center coming to Madison County, and in 2012, Bridge Street developers revealed plans about an expansion involving a new Belk department store and a new restaurant.
Remington's new Huntsville plant is expected to open in 2016.
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