Beyond jobs and investment: Why ‘place’ is North Alabama’s next economic advantage

Wheeler National Wildlife Refuge (SoulGrown)

For decades, economic development in North Alabama has been measured solely in new industry announcements, major development, and job creations.

This year alone, Alabama saw record-breaking economic development numbers with North Alabama boasting around 40% of the capital investments seen statewide. There is no doubt that our regional community leaders are able to capture industry investment and recruit talented workers.

The next challenge may depend less on what we build and more on where people want to build their lives. 

Increasingly, young people choose communities based on factors that aren’t highlighted in an economic development report. They’re looking for walkable downtowns, connected trail systems, vibrant local restaurants, cultural events, and places that naturally and intentionally connect residents to their communities. 

Marc Augé, a French anthropologist, simply calls these assets “place”– spaces which are creative of social life, that carry the stories of a community. These are often historic buildings, a riverfront, or a centrally located spring. 

Years ago in Greenville, South Carolina, local leaders made the bold decision to restore the Reedy River Falls. Many were skeptical, but by investing in this natural asset, they transformed a blighted industrial zone and created an economic engine that is generating millions in tourism and real estate value for their downtown.

More importantly, it serves as a gathering space for residents to find meaningful interaction with their city and neighbors. A walk across the Liberty Bridge, suspended high above the falls, is an experience that you can feel. 

This is an abstract, yet human-centered way to look at the way we build and invest in our cities. The good news is that North Alabama already has many of these “places” available to use to our benefit.

The spring at Big Spring Park in Huntsville, which sits within steps of its beautiful downtown, is already being integrated into the fabric of the community. Just minutes away, Monte Sano State Park and the Land Trust of North Alabama trail system offer some of the best urban-adjacent hiking in the Southeast. 

Move west and the Tennessee River becomes the region’s connective thread. Rhodes Ferry and Point Mallard Parks are hoping to reshape how residents interact with the waterfront. Athens’ beautiful historic square has the potential to become a popular destination for local eateries. The rich musical heritage and artistic appeal of Florence and the Shoals would be a dream for a diverse range of artists who could add to its enigmatic allure. 

In the eastern part of the region, Jackson County offers destination level landscapes and could very well be the next outdoor recreation mecca of the South. Guntersville Lake is a dream for water sport enthusiasts and a sunset view at the State Park is enough to make any one check twice for available real estate.

Quality of place is not simply about attracting tourists. It is about creating communities where young professionals choose to put down roots, where retirees remain active, where entrepreneurs see opportunity, and where local businesses can thrive. 

This requires investment that extends beyond industrial parks. It means expanding trail systems that connect residents from their neighborhoods to downtowns. It means preserving historic buildings, rich with character, while encouraging new and unique housing options. It means supporting the arts, local festivals, parks, and public spaces that create a sense of belonging. These investments may not generate ribbon-cutting ceremonies with hundreds of new jobs overnight,  but over time, they shape the very reasons people choose one community over another. 

The good news is that North Alabama does not need to reinvent itself. We simply need to recognize our existing assets and that quality of life and the importance of place is no longer a nice addition to economic development — it is economic development. 

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