How the latest developments in The Switch district are impacting Birmingham
April 7, 2023 · Develop, Work
The final touches are coming together for the grand opening of the Nextec building in the Switch district. Conveniently located a block away from the Innovation Depot, graduates from the Depot have a place to go after successfully launching their business off the ground and other entrepreneurs can be around this energy. Here are a few facts to answer your questions about the innovation district.
What is The Switch?
The Switch is an innovation district located in downtown Birmingham. It’s a place designed to help startups thrive in the Magic City while fueling a vibrant innovation-based ecosystem.
Building off the momentum initiated by Innovation Depot, The Switch includes the blocks immediately around the startup incubator and moves outward from there. The Switch is a place for innovators and startups to go – both physically and digitally – for information, resources, and community.
Why is it called The Switch?
“The name ‘The Switch’ has layered meaning for this district,” said David Fleming, REV Birmingham President and CEO. “The blocks around Innovation Depot originally came to life as a railroad switchyard, and the oldest buildings still trace the curve of the former tracks. In a modern sense, the “switch” is important to technological advancement.
What’s happening at the Innovation Depot?
The Innovation Depot is one of the largest technology incubators in the country, which has established itself as Birmingham’s community for innovation and entrepreneurship. The Switch draws on this energy and creates a path to expand economic opportunities and growth beyond the walls of the Innovation Depot.
These are just a few of the companies based out of the depot currently:
- AI Metrics
- Birmingham Promise
- Cahaba Labs
- Essnova Solutions
- Foundation Capital
- Mini Soles
- Yuva Biosciences
What’s outside the depot?
You can find a wide range of businesses in the district. From restaurants to headquarters offices, The Switch is home to a variety of local businesses. You can find Spire Alabama Metro Operations Center, Pack Health, Spiffy Staging and Design, Redemptive Cycles, Roots and Revelry, and even close-by residential lofts.
Besides the Depot, what’s happening in the district?
Nextec is the redevelopment of a recently acquired 65,000-square-foot Edwards Motor Company Building (formally known as the Sticks ‘N’ Stuff building) located at 1531 3rd Ave. North. Michael Mouron, chairman of Capstone Real Estate Investments, began this redevelopment project in 2021 as a space for business startups to continue their work in Birmingham. The building will include a collaboration area, flexible workspace. Thanks to Alabama Historic Tax Credits and support from the City of Birmingham and Jefferson County, The Nextec building serves the Innovation District as a second step to graduating businesses from the Innovation Depot and for other tech-related businesses.
What impact will Nextec have on the city?
The building is expected to generate over 300 jobs in the next seven years and has already recruited businesses like Tquila Automation, an intelligent automation specialist. The historical value of the building was saved and repurposed to provide startups with a home and generate income in the city and the innovation district as a whole.
“We are committed to supporting community redevelopment and strengthening our small businesses. This project does both,” said Birmingham Mayor Randall L. Woodfin. “This will be one more feather in the cap of the Fountain Heights community experiencing a rebirth.”
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