Harvard Grace’s investment focus is the significant growth that’s occurring between Nashville, Tennessee and Huntsville, Alabama. What we refer to as the 840/565 Corridor encompasses the region between I-840, south of Nashville, and I-565, which runs through North Alabama and the center of Huntsville. HGCC has identified multiple opportunities in this area and anticipates more as the region recovers from the pandemic.
Why have we zeroed in on Huntsville? Huntsville is already Alabama’s second-largest city and is the state’s fastest-growing as well. Likewise, the entire northern Alabama region, including Athens and Decatur, are seeing massive investments from industrial interests, creating tens of thousands of jobs. Recent projections from AL.com estimate Huntsville will be Alabama’s largest city by 2028.
Both the public and private sectors fuel Huntsville’s growth. A long-time Army and NASA research hub, Huntsville is home to relocated personnel from the US Army, FBI, CIA, and the NSA, as well as many private sector firms that do business with these agencies.
Additionally, the region’s manufacturing sector has experienced significant growth driven by Blue Origin (Jeff Bezos’ rocket engine company), Facebook, Remington, Polaris, a joint venture between Toyota and Mazda, and many more industrial concerns.
All of this activity has made Huntsville, and the entire northern Alabama region, one of the fastest growing areas in the United States. Comparatively, however, this region receives little attention from traditional large institutional investment firms and REITs, leaving a capital void. This void creates an opportunity. This opportunity is the primary focus of Harvard Grace Capital.
840/565 Corridor
