• Madison County Record
    • Madison Living
    • Living 50 Plus
    • Explore
    • Classifieds
    • Public Notices
      • Public Notices
      • Alabama Public Notices
    • E-editions
    • Contact Us
    • Services
      • About Us
      • List of Locations
      • Subscribe
      • Policies
      • Terms of use
      • Submit a news tip
      • Submit a photo
      • Birth announcement
      • Engagement announcement
      • Wedding announcement
      • Submit a Classified Ad
      • Letter to the Editor
    • Madison County Record
    • Madison Living
    • Living 50 Plus
    • Explore
    • Classifieds
    • Public Notices
      • Public Notices
      • Alabama Public Notices
    • E-editions
    • Contact Us
    • Services
      • About Us
      • List of Locations
      • Subscribe
      • Policies
      • Terms of use
      • Submit a news tip
      • Submit a photo
      • Birth announcement
      • Engagement announcement
      • Wedding announcement
      • Submit a Classified Ad
      • Letter to the Editor

Hartselle Enquirer
  • Home
  • News
  • Sports
  • Obits
  • Opinion
  • Public Records
  • Madison County Record
  • Madison Living Magazine
  • Classifieds
  • Public Notices
  • Contact Us
  • Services
  • About Us
  • List of Locations
  • Subscribe
  • Policies
  • Terms of use
  • Submit a News Tip
  • Submit a Photo
  • Birth Announcement
  • Engagement Announcement
  • Wedding Announcement
  • Submit a Classified Ad
  • Letter to the Editor
    Hartselle Enquirer
      • Site logo
      • Home
      • News
      • Sports
      • Schools
      • Opinion
      • Events
      • Lifestyles
      • Business
      • Records
      • Special Sections
      • Site logo
      • Home
      • News
      • Sports
      • Schools
      • Opinion
      • Events
      • Lifestyles
      • Business
      • Records
      • Special Sections
    Study: Boeing provides more than $2.7 billion to Alabama economy
    Business, Madison, Madison County Record, News, RSS Twitter, Z - News Main
     By  John Few Published 
    11:31 am Tuesday, June 7, 2022

    Study: Boeing provides more than $2.7 billion to Alabama economy

    Company-commissioned study shows Boeing’s $2.7 billion in annual economic impact supports 9,402 direct and indirect jobs in the state.

    HUNTSVILLE — Boeing contributes more than $2.7 billion annually to Alabama’s economic growth and development, according to a study commissioned by the company.

    This year marks Boeing’s 60th year in Alabama. From the Saturn V rocket and moon missions, to developing the systems that protect the U.S. homeland and its allies, Boeing has deep roots in the Yellowhammer State. With approximately 3,039 employees, Boeing is the largest aerospace company in Alabama.

    “For six decades, Alabama and Boeing have shared a partnership of innovation, growth and prosperity,” said Cindy Gruensfelder, vice president and general manager, Boeing Missile and Weapon Systems and Huntsville site senior executive. “Today, more than 3,000 Boeing Alabama employees, and thousands more in supplier companies across the state, help create the world’s most advanced defense and aerospace products. This study helps to quantify the company’s significant impact on the state’s economy. Looking forward, we are committed to the continued success of our customers, the economic health of the state and contributing to the overall quality of life in the communities where we live and work.”

    Boeing partnered with the University of Alabama’s Culverhouse College of Commerce and Business Administration to conduct a full-scale economic impact study across the state in 2021. The findings show the critical role Boeing played to grow a vital and vibrant defense and space industry and a highly skilled, high value Alabama workforce.

    Highlights from the report include:

    • In 2021, Boeing’s economic output was $2.731 billion of which $663.2 million represents earnings for 9,402 direct and indirect jobs.
    • That year, earnings generated $61.5 million in tax revenue, including $35 million in state and $26.5 million in local taxes. The state’s revenues comprised $21.8 million individual income tax, $11.4 million sales tax, and $1.8 million property tax. Local county and municipality revenues came from $14.2 million sales tax and about $12.3 million property tax.
    • The company also made in-state, non-payroll purchases and expenditures of $979.1 million bringing the company’s total in-state expenditure 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 business contributions and charitable grants in 2021.

    In recognition for Boeing’s 60th anniversary in Alabama, the company awarded two $60,000 grants. The recipients of these grants were the Boys and Girls Club’s STEM programs and the Huntsville/Madison County Chamber Foundation’s Hiring Our Heroes program.

    “Boeing has been an exemplary community partner and is a model for supporting so many of our education and workforce programs over their six decades in Huntsville,” said Lucia Cape, Senior VP of Economic Development at the Huntsville/Madison County Chamber. “Today, we are especially grateful to Boeing for their support of our pilot program with Hiring Our Heroes that will help enlisted service members transition into manufacturing careers in the Huntsville area. We believe this will grow into a workforce solution for the whole region.”

    Boeing’s involvement in Alabama began when it set up operations to advance the initial development of the Saturn V rocket’s Stage 1 booster. Today, Boeing’s Alabama workforce is taking a lead role in developing the core stages, upper stages and avionics for NASA’s Space Launch System — the most powerful rocket the space agency has ever developed.

    Boeing’s Alabama operations are also heavily involved in U.S. missile defense programs. Its Missile and Weapons Systems division is headquartered in Huntsville, which includes programs that protect the U.S., warfighters, allies and international partners against threats ranging from intercontinental ballistic missiles to hostile aircraft, such as Ground-based Midcourse Defense (GMD) and Patriot Advanced Capability-3 (PAC-3).

    As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact.

    Also on The Madison Record
    Exclusive: Movie planned on life of baseball’s Jose Canseco
    Madison County Record, News, Sports, ...
    Exclusive: Movie planned on life of baseball’s Jose Canseco
    Bob Labbe 
    July 2, 2025
    Editor’s note: Former Major League Baseball superstar Jose Canseco spoke exclusively with Bob Labbe of the Madison Record about the former All-Star’s ...
    Madison Stake of LDS Church hosted Make Music Huntsville
    Madison, Madison County Record, News, ...
    Madison Stake of LDS Church hosted Make Music Huntsville
    Gregg Parker 
    July 2, 2025
    MADISON – “Make Music Huntsville 2025” offered a full day of live music, worship and community connection. The Church of Jesus Christ of Latter- day S...
    {"epopulate_editorials_prism":"epopulate_editorials_prism", "madison-record":"Madison Record"}{"madison-record":"Madison Record"}
    Heidi Clemons feels ‘out of this world’ as Midtown’s Teacher of the Year
    Madison, Madison County Record, News, ...
    Heidi Clemons feels ‘out of this world’ as Midtown’s Teacher of the Year
    Gregg Parker 
    July 2, 2025
    MADISON – When Heidi Clemons hears a student say, “That was so fun, Senora Clemons!,” she knows all her planning for that lesson paid off. She is “Tea...
    {"epopulate_editorials_prism":"epopulate_editorials_prism", "madison-record":"Madison Record"}{"madison-record":"Madison Record"}
    Madison Elementary picks Beth Massey as ‘Teacher of the Year’
    Madison County Record, News, Schools, ...
    Madison Elementary picks Beth Massey as ‘Teacher of the Year’
    Gregg Parker 
    July 2, 2025
    MADISON – When Beth Massey started working for Madison City Schools in 2019, she immediately felt at home. Massey is “Teacher of the Year” at Madison ...
    {"epopulate_editorials_prism":"epopulate_editorials_prism", "madison-record":"Madison Record"}{"madison-record":"Madison Record"}
    As ‘Mrs. Alabama America,’ Brianna Sistrunk focuses on national title
    Bob Jones High School, Living, Madison, ...
    2025 Mrs. Alabama America
    As ‘Mrs. Alabama America,’ Brianna Sistrunk focuses on national title
    As ‘Mrs. Alabama America,’ Brianna Sistrunk focuses on national title
    Gregg Parker 
    July 2, 2025
    MADISON - Brianna Sistrunk of Madison has been crowned 2025 Mrs. Alabama America and soon will compete at the national level. The Mrs. Alabama America...
    {"epopulate_editorials_prism":"epopulate_editorials_prism", "madison-record":"Madison Record"}{"madison-record":"Madison Record"}
    Journey Middle agrees on Chelsea Young as ‘Teacher of the Year’
    Madison, Madison County Record, News, ...
    Journey Middle agrees on Chelsea Young as ‘Teacher of the Year’
    Gregg Parker 
    June 25, 2025
    MADISON – When Chelsea Young moved to Madison in 2016, Madison City Schools held “a reputation for academic excellence and for one of the best distric...
    {"epopulate_editorials_prism":"epopulate_editorials_prism", "madison-record":"Madison Record"}{"madison-record":"Madison Record"}
    Columbia recognizes Annabel Richter as ‘Staff Member of the Year’
    Madison, Madison County Record, News, ...
    Columbia recognizes Annabel Richter as ‘Staff Member of the Year’
    Gregg Parker 
    June 25, 2025
    MADISON – Annabel Richter’s work can confirm that a student has a solid path to a well-rounded education. Columbia Elementary School’s faculty and sta...
    {"epopulate_editorials_prism":"epopulate_editorials_prism", "madison-record":"Madison Record"}{"madison-record":"Madison Record"}
    ‘Because of Jesus’ summer camp nurtures 130 youth in The Church of Jesus Christ of Latter-day Saints
    Madison, Madison County Record, News, ...
    Summer camp
    ‘Because of Jesus’ summer camp nurtures 130 youth in The Church of Jesus Christ of Latter-day Saints
    Gregg Parker 
    June 25, 2025
    MADISON - A local church’s special event connected on a personal level with 130-plus children who celebrated faith and friendship. Starting summer in ...
    {"epopulate_editorials_prism":"epopulate_editorials_prism", "madison-record":"Madison Record"}{"madison-record":"Madison Record"}

    Leave a Reply Cancel reply

    Your email address will not be published. Required fields are marked *

    ❮ ❯
    Get Legals or Public Notices Published
    Latest Local News
    Exclusive: Movie planned on life of baseball’s Jose Canseco
    Exclusive: Movie planned on life of baseball’s Jose Canseco
    Editor’s note: Former Major League Baseball superstar Jose Canseco spoke exclusively with Bob Labbe of the Madison Record about the former All-Star’s ...
    July 2, 2025
    Madison Stake of LDS Church hosted Make Music Huntsville
    Madison Stake of LDS Church hosted Make Music Huntsville
    MADISON – “Make Music Huntsville 2025” offered a full day of live music, worship and community connection. The Church of Jesus Christ of Latter- day S...
    July 2, 2025
    Heidi Clemons feels ‘out of this world’ as Midtown’s Teacher of the Year
    Heidi Clemons feels ‘out of this world’ as Midtown’s Teacher of the Year
    MADISON – When Heidi Clemons hears a student say, “That was so fun, Senora Clemons!,” she knows all her planning for that lesson paid off. She is “Tea...
    July 2, 2025
    Madison Elementary picks Beth Massey as ‘Teacher of the Year’
    Madison Elementary picks Beth Massey as ‘Teacher of the Year’
    MADISON – When Beth Massey started working for Madison City Schools in 2019, she immediately felt at home. Massey is “Teacher of the Year” at Madison ...
    July 2, 2025
    As ‘Mrs. Alabama America,’ Brianna Sistrunk focuses on national title
    As ‘Mrs. Alabama America,’ Brianna Sistrunk focuses on national title
    MADISON - Brianna Sistrunk of Madison has been crowned 2025 Mrs. Alabama America and soon will compete at the national level. The Mrs. Alabama America...
    July 2, 2025

    More Local News

    Our Latest E-edition
    Read the most recent edition
    Latest Stories
    Little Booths Market Day to premiere for young retailers
    Little Booths Market Day to premiere for young retailers
    MADISON – A special event for young, aspiring entrepreneurs and vendors will debut with Little Booths Market Day on July 12. Little Booths Market Day ...
    June 25, 2025
    TARCOG asks for input on services that benefit senior citizens
    TARCOG asks for input on services that benefit senior citizens
    HUNTSVILLE - Top of Alabama Regional Council of Government or TARCOG wants your input. Affiliated with TARCOG, the Area Agency on Aging is conducting ...
    June 25, 2025
    Heart of the Valley YMCA hires Rob Gray as president
    Heart of the Valley YMCA hires Rob Gray as president
    By GREGG PARKER MADISON COUNTY -- Heart of the Valley YMCA has appointed a new president to lead the organization. Rob Gray has accepted the position ...
    June 25, 2025
    Mitch Daly on the move: Former Bob Jones standout moving from Trash Pandas to 66ers
    Mitch Daly on the move: Former Bob Jones standout moving from Trash Pandas to 66ers
    MADISON- The Rocket City Trash Pandas has made a series of player moves including Mitch Daly. The Bob Jones High graduate and only local player to sui...
    June 18, 2025
    School leaders urge parents for feedback about rezoning
    School leaders urge parents for feedback about rezoning
    MADISON – With their continuous honors, Madison City Schools students have proven their mastery of the ‘three Rs – Reading, ‘Riting and ‘Rithmetic.’ H...
    June 18, 2025
    poll
    Latest Sports
    Exclusive: Movie planned on life of baseball’s Jose Canseco
    Exclusive: Movie planned on life of baseball’s Jose Canseco
    Editor’s note: Former Major League Baseball superstar Jose Canseco spoke exclusively with Bob Labbe of the Madison Record about the former All-Star’s ...
    July 2, 2025
    Mitch Daly on the move: Former Bob Jones standout moving from Trash Pandas to 66ers
    Mitch Daly on the move: Former Bob Jones standout moving from Trash Pandas to 66ers
    MADISON- The Rocket City Trash Pandas has made a series of player moves including Mitch Daly. The Bob Jones High graduate and only local player to sui...
    June 18, 2025
    Daly returns home to play for Trash Pandas
    Daly returns home to play for Trash Pandas
    MADISON - Since birth, Mitch Daly has always been on the move as his father, Ed, is a four-star general in the U.S. Army causing him to pack up his wi...
    May 26, 2025
    Thousands expected for Memorial Day’s Cotton Row Run
    Thousands expected for Memorial Day’s Cotton Row Run
    HUNTSVILLE - The Cotton Row Run is a community event. The annual Memorial Day extravaganza, held in downtown Huntsville, again this year will attract ...
    May 20, 2025
    Madison Academy girls surge into soccer finals
    Madison Academy girls surge into soccer finals
    HUNTSVILLE – Madison Academy entered the state soccer tournament scoreless in three previous games at John Hunt Park, including against Donoho last se...
    May 9, 2025

    More Sports Stories

    x

    Sections

    • Home
    • News
    • Sports
    • Opinion
    • Lifestyles
    • Obits
    • Business
    • Sponsored Content
      • Home
      • News
      • Sports
      • Opinion
      • Lifestyles
      • Obits
      • Business
      • Sponsored Content

    Other Publications

    Madison Living Logo Living 50 Plus Logo

    Services

    • About Us
    • Subscribe
    • Advertise With Us
    • Policies
    • Terms of use
    • Submit a news tip
    • Submit a photo
    • Birth announcement
    • Birthday announcement
    • Engagement announcement
    • Wedding announcement
    • Sign Up For Our Free Newsletter
      • About Us
      • Subscribe
      • Advertise With Us
      • Policies
      • Terms of use
      • Submit a news tip
      • Submit a photo
      • Birth announcement
      • Birthday announcement
      • Engagement announcement
      • Wedding announcement
      • Sign Up For Our Free Newsletter

    Follow Us

    Copyright

    © , The Madison Record