Economic and Community Development

Economic Development

Southern Company's financial performance is closely linked to the economic health and prosperity of the geographic locations and communities we serve. A growing economy means more jobs and a higher quality of life for the people in our region.

Economic development efforts by Southern Company subsidiaries to expand and attract business to our service territories resulted in some $24 billion in capital investment and more than 34,000 new jobs in 2015.

Cape Horn
Pictured are members of the Santa Rosa Economic Development Office, the County Board of Commissioners, Gulf Power, invited guests and employees of Fabbro Marine.

Fabbro Marine, manufacturer of world-renowned Cape Horn offshore boats, broke ground in 2016 for a new facility in Santa Rosa Industrial Park East, in Milton, Florida. The boat maker is the first company to build on one of Gulf Power's Florida First Sites. Launched by Gulf Power, Florida First Sites are certified project-ready industrial sites in northwest Florida.

Community Development

Community development goes beyond recruiting businesses to our service regions. We also work to get communities ready for commerce, which includes educating the work force. For example, Alabama Power Executive Vice President Zeke Smith chairs the Alabama Workforce Council, an advisory body comprised of educators and business executives that reviews potential policies, develops innovative educational workforce programming and works to foster collaboration between government, industry and educational institutions concerning matters related to workforce development in the state of Alabama.

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Key Impacts, Risks, Opportunities | Strategy | Performance