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Success Stories

Helping Employers Grow and Succeed in Madison AL

The Madison Industrial Development Board has a strong track record of helping businesses expand and thrive. From fast approvals and tax abatements to site preparation grants and bond financing, these business success stories in Madison AL show how the IDB responds quickly and advocates strongly for employers — ensuring projects move forward and companies succeed.
Expansion Enabled — IDB Incentives Drive Facility Growth in Madison AL

AMT Integrated Solutions

Expansion Enabled — IDB Incentives Drive Facility Growth in Madison AL

Accurate Machine and Tool (AMT Integrated Solutions) has long been a vital manufacturer in Madison, Alabama and the surrounding region. Headquartered and manufactured in Madison AL, AMT utilizes advanced supply chain and project management techniques, along with CAD and innovative technologies to produce integration, prototyping, limited rate initial production, precision manufacturing support, and program management.

To support growth, the company expanded its operations with a 12,000-square-foot addition on a 3.3-acre site on Celtic Drive. The expansion included new equipment and facility upgrades, strengthening Accurate Machine and Tool’s role in the local manufacturing supply chain.

The Madison IDB supported this project by approving a site preparation grant and tax abatements in 2017, ensuring the company had the resources to grow and invest in Madison.

Before & After: Expanding Distribution — IDB Support Secures New Facility in Madison AL

FedEx Ground

Before & After: Expanding Distribution — IDB Support Secures New Facility in Madison AL

FedEx Ground has continued to expand in Madison, Alabama to meet growing regional demand. In May 2023, the company completed a 337,000-square-foot distribution center, its third facility in the Madison area.

This investment strengthens Madison’s position as a logistics and distribution hub, adding capacity for faster shipping and creating new jobs in the community.

With the Madison IDB’s support, the project advanced smoothly and reinforced Madison’s role as a strategic location for logistics and distribution operations.

Innovation in Aerospace — IDB Partnership Supports Growth in Madison AL

Griffon Aerospace

Innovation in Aerospace — IDB Partnership Supports Growth in Madison AL

Griffon Aerospace, a leading unmanned aircraft systems producer, has become an important defense supplier in Madison, Alabama. The company recently secured a contract for aerial targets and training systems, expanding its production base locally.

With two facilities in Madison AL, Griffon benefits from access to Redstone Arsenal and the region’s skilled workforce.

The Madison IDB’s partnership and ongoing support have helped Griffon Aerospace expand and strengthen Madison’s role in the aerospace and defense sector.

From Local Roots to Regional Distribution — IDB Assistance Enables Growth in Madison AL

Halsey Food Service

From Local Roots to Regional Distribution — IDB Assistance Enables Growth in Madison AL

Founded in 1879, Halsey Food Service began as a grocery delivery business in Huntsville before moving its headquarters and warehouse to Madison, Alabama in 1972. Since then, the company has expanded significantly, adding meat and produce divisions and multiple facility expansions.

Today, Halsey operates a 157,000-square-foot distribution center in Madison AL with advanced meat and produce processing capabilities, supplying customers across Alabama and Tennessee.

The Madison IDB has assisted Halsey Food Service in three expansion projects, including freezer space expansion through industrial bond financing, solidifying the company’s long-term presence in Madison.

From Startup Roots to Global Headquarters — IDB Incentives Fuel $59M Expansion in Madison AL

Hexagon

From Startup Roots to Global Headquarters — IDB Incentives Fuel $59M Expansion in Madison AL

Hexagon, formerly known as Intergraph and originally M&S Computing, began as a small consulting firm working with the U.S. Army Missile Command and NASA. Today, it stands as one of the world’s foremost providers of engineering and geospatial software.

In 2012, Hexagon broke ground on a five-story, 240,000-square-foot Hexagon/Intergraph Madison headquarters in Madison, Alabama. Completed in 2014, the $59 million facility houses approximately 1,000 employees and has helped attract a new generation of high-tech talent to the region.

The Madison IDB supported the project by approving abatements on sales, use, and property taxes (excluding those for education), enabling the company to consolidate and expand its operations in Madison AL. This partnership underscores Madison’s commitment to supporting innovative global employers.

Building Business Foundations — IDB Bonds Support Development in Madison Alabama

Industrial Properties of the South

Building Business Foundations — IDB Bonds Support Development in Madison Alabama

Industrial Properties of the South, founded by Dr. Jerry M. Graham and Charlene B. Graham, has played a vital role in developing industrial and office space in Madison County.

The company owns and manages more than 1.3 million square feet, including the Airport Office Center in Madison, which provides modern facilities for growing businesses.

The Madison IDB helped facilitate this growth by providing industrial bond financing, enabling the company to develop projects that support business expansion in Madison AL.

Global Expertise, Local Headquarters — IDB Financing Secures Long-Term Growth in Madison AL

Matsumoto U.S. Technologies, Inc.

Global Expertise, Local Headquarters — IDB Financing Secures Long-Term Growth in Madison AL

Founded in 1919, Matsumoto has nearly a century of expertise in welding and precision tooling. With three offices in North America, the company established its North American headquarters in Madison, Alabama.

Matsumoto’s work spans welding, industrial machinery, and advanced tooling, meeting the evolving demands of global technology and manufacturing industries.

The Madison IDB supported Matsumoto’s investment in 2013 by approving a non-educational property tax abatement and issuing a long-term revenue bond for permanent financing, securing the company’s long-term commitment to Madison AL.

High-Performance Computing — IDB Grants Enable New Headquarters in Madison AL

MaxVision

High-Performance Computing — IDB Grants Enable New Headquarters in Madison AL

MaxVision designs and manufactures rugged portable computer systems capable of withstanding extreme environments while delivering top-tier performance for defense and justice agencies.

Headquartered in Madison, Alabama, MaxVision benefits from the city’s educated workforce, proximity to Redstone Arsenal, and access to other leading tech and defense firms.

The Madison IDB helped fuel MaxVision’s growth by providing a Site Preparation Grant and tax abatements for property and sales taxes, enabling the development of a new corporate headquarters in Madison AL.

Revitalizing Downtown — IDB Incentives Support Local Growth in Madison AL

Old Black Bear Brewery

Revitalizing Downtown — IDB Incentives Support Local Growth in Madison AL

Old Black Bear Brewery opened in 2014, bringing new energy to historic downtown Madison. Founded by Todd Seaton, the brewery not only manufactures and bottles craft beer and spirits but also operates a chef-managed restaurant that has become a local favorite.

The expansion into downtown created a destination that blends small-business creativity with community life, adding to Madison’s quality-of-place advantages.

The Madison IDB granted the brewery a 10-year tax abatement on state and local non-educational property taxes, along with sales and construction-related tax savings. This support enabled Old Black Bear to grow quickly and become an anchor business in Madison’s thriving downtown district.

Aerospace Supplier Success — IDB Support Fuels Expansion in Madison AL

SEA Wire & Cable

Aerospace Supplier Success — IDB Support Fuels Expansion in Madison AL

Founded in 1970, SEA Wire & Cable supplies aerospace and military-spec wire, cables, and harnessing products worldwide. The company is headquartered in Madison, Alabama, where it operates a 75,000-square-foot facility. SEA Wire & Cable serves over 5,000 customers globally and maintains one of the largest inventories of aerospace wire products in the industry. The Madison IDB has supported SEA Wire & Cable through multiple expansions, including industrial bond financing, ensuring the company continues to grow its capacity and serve the aerospace sector from Madison AL. The most recent tax abatement support was approved in 2025 to facilitate a 35,000 square foot building addition.

High-Tech Growth — IDB Incentives Support Facility Expansion in Madison AL

STI Electronics

High-Tech Growth — IDB Incentives Support Facility Expansion in Madison AL

STI Electronics, originally founded in California, relocated to Madison in 1993 to be closer to Redstone Arsenal. The company quickly grew, earning recognition as one of Inc. Magazine’s 500 Fastest Growing Companies by the late 1990s.

From its Madison headquarters, STI Electronics provides advanced electronics services and components to global clients, operating multiple sales offices and warehouses worldwide.

The Madison IDB supported STI’s expansion in 2007 with industrial revenue bond financing and tax abatements, allowing the company to build a new manufacturing facility and continue its global growth from Madison AL.

Defense Manufacturing Growth — IDB Incentives Enable Multiple Expansions in Madison AL

Tyonek

Defense Manufacturing Growth — IDB Incentives Enable Multiple Expansions in Madison AL

Anchorage-based Tyonek Manufacturing Group established its Madison subsidiary in 2004, choosing the city for its proximity to Redstone Arsenal and its excellent school system. The company has since grown to operate four facilities totaling 128,000 square feet.

Tyonek specializes in defense manufacturing, producing components and systems that support national security missions.

The Madison IDB has assisted Tyonek in three separate projects, including the initial facility construction and subsequent expansions, by providing tax abatements and support for long-term growth in Madison AL.

These resources provide additional context for Madison’s business success stories and highlight the city’s strong foundation for growth.