Birmingham Business Alliance: Company Profile
Background
The Birmingham Business Alliance (BBA) is a non-profit organization established in 2009 through the merger of the Birmingham Regional Chamber of Commerce and the Metropolitan Development Board. Serving as the chamber of commerce and economic development agency for the Greater Birmingham Region, BBA's mission is to assist businesses in starting, staying, and succeeding within the seven-county metropolitan area. The organization plays a pivotal role in fostering economic growth, advocating for business interests, and enhancing the quality of life in the region.
Key Strategic Focus
BBA's strategic initiatives encompass:
- Economic Development: Attracting new businesses, supporting existing ones, and facilitating capital investments to stimulate regional prosperity.
- Public Policy Advocacy: Representing business interests in legislative and regulatory matters to create a favorable business environment.
- Workforce Development: Collaborating with educational institutions and industry leaders to develop a skilled workforce that meets the needs of local businesses.
- Community Engagement: Building partnerships with civic organizations and government entities to address community needs and promote regional growth.
Financials and Funding
As a non-profit entity, BBA's financial health is demonstrated through its IRS Form 990 filings. In the fiscal year ending December 2024, BBA reported:
- Revenue: $4,183,912
- Expenses: $4,545,945
- Net Assets: $2,254,658
The primary source of revenue is contributions, accounting for 90.1% of total revenue. Program services and investment income contribute 5.8% and 3.4%, respectively.
Pipeline Development
BBA's pipeline development focuses on:
- Business Attraction: Identifying and recruiting new companies to establish operations in the Greater Birmingham Region.
- Business Retention and Expansion: Providing support and resources to existing businesses to facilitate growth and sustainability.
- Workforce Development Initiatives: Collaborating with educational institutions and industry leaders to develop a skilled workforce that meets the needs of local businesses.
Technological Platform and Innovation
BBA leverages various technological platforms and innovative approaches to support its initiatives, including:
- Data Analytics: Utilizing data-driven insights to inform economic development strategies and decision-making processes.
- Digital Communication Tools: Employing online platforms and social media to engage with stakeholders, promote events, and disseminate information.
- Collaboration Platforms: Facilitating partnerships and communication among businesses, government entities, and community organizations through digital collaboration tools.
Leadership Team
BBA's leadership team comprises experienced professionals dedicated to advancing the organization's mission:
- Steve Ammons: President & Chief Executive Officer
Steve Ammons serves as the President and CEO of BBA, leading initiatives that strengthen the region’s economy and attract new investments.
- Christy Hollingsworth: Chief Financial Officer
Christy Hollingsworth oversees BBA's financial operations, ensuring fiscal responsibility and strategic allocation of resources.
- Nick Willis: Chairperson of the Board
Nick Willis, representing PNC Bank, serves as the Chairperson of BBA's Board of Directors, guiding the organization's strategic direction.
- Brian Willman: Vice Chair of the Board
Brian Willman of Regions Bank holds the position of Vice Chair, contributing to BBA's governance and policy decisions.
- Denson (D.) Franklin: Vice Chair of Public Policy
Denson Franklin from Vulcan Materials Company leads BBA's public policy initiatives, advocating for business-friendly legislation.
- Craft O’Neal: Vice Chair of Finance
Craft O’Neal of O'Neal Industries oversees financial strategies and ensures the organization's fiscal health.
- Alexia Borden: Secretary
Alexia Borden from Brasfield & Gorrie serves as the Secretary, maintaining accurate records and supporting organizational governance.
Leadership Changes
In June 2023, Steve Ammons was appointed as the President and CEO of BBA, succeeding Kenneth Coleman, who served as interim President and CEO from June to November 2020.
Competitor Profile
BBA operates within a competitive landscape of regional economic development organizations and chambers of commerce. Key competitors include:
- Tuscaloosa Public Library: Focuses on community engagement and development in the Tuscaloosa area.
- Housing First: Addresses housing and community development needs in the region.
- Positive Maturity: Provides services and support for older adults in the Birmingham area.
- Alabama Goodwill Industries: Offers employment and training services to individuals with disabilities and other barriers to employment.
- Youth Villages: Provides services to emotionally and behaviorally troubled children and their families.
