Birmingham Business Information
The economy of Birmingham has transformed from an mining based sector that produced the majority of iron and steel in the southern United States to a diverse economy that is dependent on its medicine/biotechnology, banking and other industries. The city also has transformed into a medical destination, credited to the University of Alabama Birmingham hospital, which is today the largest employer in the city with more than 20,000 people being employed.
Several of the United States largest steel makers such as CMC Steel, McWane, U.S. Steel and Nucor, are located in Birmingham. The major banks located in the city are BBVA Compass, Regions Financial Corporation, Wells Fargo bank and many smaller banks. Banks provide many financial opportunities for small businesses in Birmingham to setup and expand. The city is also a source of highly educated young labor that is the life blood of any organization.