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Friday, March 21, 2008

CNN Money: Mobile's economy on upswing

CNN Money has ran a number of positive articles in past few months touting Mobile's economy and its potential growth in the coming years. Here is a link to the latest story: http://money.cnn.com/news/newsfeeds/articles/newstex/AFX-0013-23931513.htm

I think this article does a good job of telling what has happened in our local economy over the last 40 years. The Mobile area was dealt a huge blow when Brookley Air Force base closed in the mid to late 1960's. Now the same Air Force base is central to the anticipated growth of the Mobile economy. If the contract for the KC45 is awarded to Mobile after the current appeal process, 2 factories will be built in the Brookley complex. EADS will be building both military and commercial planes in one of the plants. Northrop Grumman will be installing the military components for the contract in the other plant.

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