News Summary
Truckworx, a leading truck dealer in Alabama, is investing $6.8 million in a new corporate headquarters in Birmingham, creating 52 high-paying jobs with an average salary of $67,000. The location will centralize various administrative roles currently spread across other facilities. Supported by local organizations, this strategic move underscores the commitment to the community and is expected to contribute positively to Birmingham’s local economy.
Birmingham: Truckworx to Invest $6.8 Million in New Corporate Headquarters, Creating 52 High-Paying Jobs
In a significant economic development for Birmingham, Truckworx, one of Alabama’s leading heavy and medium truck dealers, has announced plans to construct a new corporate headquarters. This project, which represents a $6.8 million investment, will be located at 2224 24th Ave. North, directly across from the company’s flagship dealership on Finley Boulevard.
Job Creation and Economic Impact
The new headquarters is expected to create 52 high-paying jobs, with an average salary of $67,000 per year. This influx of employment is poised to have a positive effect on the local economy, contributing to increased spending and the overall prosperity of the region. The headquarters will centralize various administrative roles including accounting, IT, human resources, support services, and C-suite leadership, which are currently spread across a facility in Homewood.
Site Selection Factors
Truckworx considered multiple locations before selecting Birmingham, often referred to as “The Magic City.” The decision to remain in the area reflects the company’s commitment to the local community and indicates a strategic choice considering the benefits of local workforce expertise and accessibility to key business resources.
Support from Local Organizations
The Birmingham Business Alliance (BBA) played a crucial role in facilitating the company’s expansion by arranging meetings with city leadership and aiding in the abatement process. Financial incentives totaling $441,799, including property and sales tax abatements, were offered to attract Truckworx’s new headquarters to Birmingham.
Community Response
Local officials express strong support for Truckworx’s investment. Jefferson County Commissioner Mike Bolin has acknowledged the significance of the project for community development, emphasizing the positive impact of new job creation and the strengthening of Birmingham’s economy. BBA President and CEO Steve Ammons stressed that initiatives like these are vital for enhancing high-paying job opportunities within the city.
Project Details
- Construction Overview: Approximately 12,000 square feet of office space will be dedicated to the new headquarters.
- Contractor: Dunn Construction has been selected as the general contractor for the buildout.
- Company Background: Founded in 1978, Truckworx is recognized as Alabama’s exclusive Kenworth dealer and currently operates 23 locations across Alabama, Mississippi, and Florida.
Policy Implications
This development underscores the importance of public-private partnerships in fostering economic growth within Birmingham and highlights the role of strategic tax incentives in site selection for corporations. As the city continues to position itself as a hub for business development, more such investments could reinforce economic stability and opportunities for residents.
The construction of Truckworx’s corporate headquarters signifies not only a boost in local employment but also stands as a potential catalyst for further investment in the Birmingham area, aligning with broader trends of economic revitalization in urban communities.
Deeper Dive: News & Info About This Topic
HERE Resources
New Businesses Are Opening in Birmingham This Spring
Birmingham Welcomes Truckworx’s New Headquarters
Additional Resources
- Bham Now: Truckworx Selects Birmingham for New Corporate Hub
- Business Alabama: Truckworx Moves into New Corporate Headquarters
- ABC 33/40: Truckworx to Build New Headquarters in Birmingham, Creating 52 Jobs
- Wikipedia: Corporate Headquarters
- Google Search: Truckworx Birmingham
