Category Archives: Mobile, Fairhope & Gulf Shores, Alabama

William Bruce provides information and stories about Mobile, Fairhope & Gulf Shores. Alabama.

The Condition of Small Businesses on the Gulf Coast One Year After Oil Spill

RBO: How badly did the spill effect the 2010 tourist season?

WB (William Bruce): The spill cut the number of summer visitors to the area by 40 percent according to the visitors bureaus in the area. The effect on the tourist related businesses was particularly dramatic when you realize that most of their yearly income is made during the summer. So a lot of businesses saw a 60 to 70 percent drop in annual revenue. Continue reading

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Tourism Breaks Record on Alabama Gulf Coast

Tourism officials in Gulf Shores and Orange Beach, Alabama confirm that the area has enjoyed a record breaking summer. In June, lodging revenue broke a record at $58 million. Early numbers available at this point for the rest of the summer show the trend continuing. Continue reading

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Banking Version of Musical Chairs Continues: PNC Bank Buys RBC Bank

Yet another wave of bank ownership changes has hit the Southeast. Pittsburg-based PNC Financial Corporation has entered into an agreement to purchase RBC Bank. PNC is the sixth-largest U.S. bank by deposits. PNC traces its history back to the Pittsburgh Trust and Savings Company which was founded in 1852. Continue reading

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Baldwin County, Alabama Named One of the Strongest Local Economies in America

Baldwin County, Alabama was recently ranked by Policom Corporation as one of the strongest micropolitan economies among in America. Micropolitan statistical areas are economies with populations of between 10,000 and 50,000 people. Continue reading

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Mobile, Alabama Named Hottest Real Estate Market in America

A New York financial news and opinion organization has picked Mobile, Alabama as the market in which housing values will rise the most this year. Continue reading

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Alabama Brewpub Laws Being Liberalized

Due to the hard work of an Alabama organization known as Free the Hops, there appears to be a compromise agreement working its way through the Alabama Legislature as a bill that the Governor will sign. Continue reading

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The Business Juggernaut of Tourism in the Mobile Bay, Alabama Area

According to Calametti and Peyton, the Mobile Bay area hosts 2.5 million visitors a year, not counting those in Gulf Shore and Orange Beach. Those 2.5 million visitors spend an astounding $829 million per year here. “That’s over $2 million per day in business,” Calametti emphasized.

“But there’s more,” Calametti continued. “The two and a half million folks generate some $9 million in lodging taxes and – here’s the most important part – tourism supports almost 16,000 jobs.

“If tourism was a single company, it would the largest employer in our area by far. In fact,” Calametti pointed out, “you’d have to combine the top three to match that number. Continue reading

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