Millbrook Secures Top Rankings Among Alabama’s Business-Friendly Cities | News
(Millbrook, AL) – The City of Millbrook is pleased to announce that it has earned the ranking of number two in the state in the recently released study titled “Building Business in Alabama: How Business-Friendly Are Alabama’s 50 Largest Cities?” conducted by the Alabama Policy Institute (API). Millbrook was outranked by only one city, Fairhope in Baldwin County.
In the overall ranking of Alabama’s Most Business-Friendly Cities, Millbrook finished second because of its superior rankings in the categories of business tax burden (5th) and transportation infrastructure (6th), and above average rankings in both economic vitality (12th) and community allure (12th).
Mayor Al Kelley, currently serving his fifth term as Mayor of Millbrook says, “As a city, we have been working for years to be known as a business friendly city; now we have confirmation that our plan worked. Beyond these measures, members of the business community, particularly new businesses, continually tell us that they are amazed at the way we take care of businesses. Without a doubt, Millbrook welcomes free enterprise and goes above and beyond these measures of a pro-business environment to help ensure Millbrook businesses are successful here.”
Deviating from the typical aggregate assessment of Alabama’s business climate as a whole, the API quantitative research takes a closer look at the state’s 50 largest cities. The report ranks Alabama cities in the four categories of economic vitality, business tax burden, community allure, and transportation infrastructure. The objective evaluation reveals those cities that best help ensure entrepreneurial success based on these attributes. The attractiveness of a city to businesses is based on numerical data within each category.
The business tax burden category, which considered property and sales tax levels, placed Millbrook among the top five cities in Alabama. According to the API study, the five best-ranking cities in Alabama each have a millage rate of 40 or less, plus a general sales tax of 3.5% or less. The top five cities for a favorable tax climate are Foley, Cullman, Northport, Jasper, and Millbrook.
Ranking sixth in transportation infrastructure, Millbrook’s proximity to a variety of transportation hubs helped secure this high standing among Alabama’s largest cities. For all businesses, access to a variety of transportation forms is important.
In the category economic vitality, which measured job growth, population growth, residential population growth, and median per capita income and what these numbers revealed about a city and its ability to survive during an economic down turn, Millbrook placed 12th in the state.
In the community allure category, which measured each city’s cost of living index, per capita violent crime, high school graduation rate, and SAT scores, Millbrook ranked 12th among Alabama’s 50 largest cities.
The report concludes, “Alabama’s most business-friendly cities possess responsible, limited governance, reasonable tax rates, quality school systems, low crime, access to transportation infrastructure, and a thriving economy despite significant economic challenges over the last several years.” The report particularly points out, “Most of the state’s top 10 business-friendly cities look like Fairhope and Millbrook, which possess small but growing populations, access to transportation, and room to grow geographically.”
According to the API, the white paper addresses these questions: What cities have the best tax policy? Which cities have low costs of living and crime rates? What cities have experienced the most year-over-year population and job growth? What type of economic vitality do cities have? What do average incomes for local residents reveal about cities?
John Hill, Ph.D. Senior Policy Analyst for the Alabama Policy Institute is the author of “Building Business in Alabama: How Business-Friendly Are Alabama’s 50 Largest Cities?” According to the The Alabama Policy Institute website, API is an independent, non-partisan, nonprofit research and education organization that is issue-centered and solution-oriented. API provides in-depth research and analysis of Alabama’s public policy issues to impact policy decisions and deepen Alabama citizens’ understanding of, and appreciation for, sound economic, social, and governing principles. API is the largest free-market, solution based policy research center in Alabama.
For more information and to read the full report see alabamapolicy.org.
Information Source: City of Millbrook