58

What 58 does

58 INC is a private nonprofit economic development corporation serving as the designated lead agency for business recruitment, retention, and innovation ecosystem development across all 14 municipalities of Shelby County, Alabama. The organization provides site selection services, market and demographic analysis, introductions to commercial real estate brokers and property owners, customized community visits, workforce development consultation, government liaison services, and tax incentive analysis at no cost to prospects and developers. Its revenue mechanics are public-sector in nature: funding flows from Shelby County appropriations, municipal partnerships, and state economic development agencies, including the first-round SEEDS Act Grant awarded in 2024 for the Calera development site.

The core offering is a portfolio of advisory and facilitation services rather than a unified software product. Service lines include Sites & Buildings (with access to the partner-built Advantage Alabama interactive mapping tool), Workforce Development (U.S. DOL Registered Apprenticeships in Machine Tool Technology, Ready to Work, AIDT Leadership Training, Career Exposure Events, Career Corps), Business Recruitment & Retention, Innovation Ecosystem Development (via partnerships with Innovate Alabama, Tech280, Innovation Depot, BIO Alabama), and Retail Recruitment & Placemaking. Underlying infrastructure includes master-planned corporate parks along the Highway 280 corridor (Inverness Center, Meadow Brook, Riverchase, Riverhills) targeting technology, biotech, and knowledge-based tenants.

58 INC serves enterprise prospects in target verticals (Software & IT, Biotech/Bioscience, Advanced Manufacturing, Automotive, and Business/Insurance/Financial Services), existing Shelby County employers, and the 14 municipalities within its 808-square-mile jurisdiction. Distribution is relationship-driven through a small core team (President & CEO Amy Sturdivant, Director of Development Reid M. Knight, Economic Development Associate Bradley Paramore, Marketing Specialist Amy Young), a board of directors drawn from local banking, manufacturing, biotech, and government, and a dense partner network spanning state agencies, utilities, chambers, and educational institutions.

Name

58

Legal name

58 INC

Website

https://58inc.org

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Short description

58 INC is the designated nonprofit economic development corporation for Shelby County, Alabama, providing free site selection, workforce development, business recruitment, and innovation ecosystem services to companies considering investment or expansion within the county's 14 municipalities.

Ownership category

akta.pro rank

Product category

Economic Development Services

NAICS

Offices of Real Estate Agents and Brokers (53121), Other Similar Organizations (except Business, Professional, Labor, and Political Organizations) (81399)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Land & Development Site Brokerage (BPAJABAG)

akta.pro secondary industries

Land Brokerage (Raw Land & Development Sites) (FSAEAJAD), Transitional/Development Land Brokerage (Entitled, In-Path-of-Growth) (BPAJADAJ)

Keywords

• Economic development services
• Site selection assistance
• Workforce development programs
• Business recruitment support
• Industrial retention services

Headquarters

HQ city

Pelham

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Marketing or Sales, Operations, Others

Revenue model

1. Government Funding & Grants: As a public-private economic development corporation, 58 INC operates with funding from Shelby County, municipal partnerships, and state economic development agencies to support business recruitment and retention activities.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

58 INC provides free economic development services to businesses, developers, and site consultants evaluating or expanding operations in Shelby County, Alabama. Its core deliverables include site selection and real estate matching, market and demographic data, introductions to commercial real estate brokers and property owners, customized community visits, workforce development consultation (including U.S. DOL Registered Manufacturing Apprenticeships, Ready to Work, AIDT Leadership Training, and Career Corps), liaison services to city and county officials, and tax incentive analysis. The organization also leads retail recruitment, innovation ecosystem connections, and corporate park promotion across Shelby County's 14 municipalities.

Product overview

58 INC is Shelby County, Alabama's economic development corporation offering a portfolio of professional services rather than a unified software product. The organization provides site selection assistance, workforce development programs (Ready to Work, Registered Manufacturing Apprenticeships, AIDT Leadership Training, Career Corps), business recruitment and retention support, innovation ecosystem development connecting companies to regional networks, and retail recruitment services. The entity directs prospects to an external interactive property mapping tool (Advantage Alabama by EDPA) and manages several innovation hubs and corporate parks for knowledge-based businesses. The core offering is advisory and facilitation services for economic development, not a software platform or product suite.

Differentiator

Problem solved

Functional benefit

Products and services

• Sites & Buildings Services Free site selection and real estate matching for industrial, office, or commercial prospects considering Shelby County, leveraging the EDPA-powered interactive sites and buildings mapping tool.
• Workforce Development Programs Workforce training and talent development programs including U.S. DOL Registered Manufacturing Apprenticeships, High School Ready to Work, AIDT Leadership Training, Career Exposure Events, and Shelby County Career Corps.
• Business Recruitment & Retention Services Corporate and industrial attraction, expansion, and retention support including liaison to city and county development services, incentives analysis, and statutory tax abatement assistance.
• Innovation Ecosystem Development Connections to statewide, regional, and local innovation networks for companies seeking lab space, resources, or talent, with collaborations including Innovate Alabama, Tech280, and Innovation Depot.
• Retail Recruitment & Placemaking Free market analysis, demographic data, retail site selection, and city-official liaison support for retail, restaurant, hotel, and mixed-use developments across Shelby County's 14 municipalities.
• Innovation Hubs (Inverness Center, Meadow Brook Corporate Park, Riverchase Corporate Park, Riverhills Business Park) Master-planned Class A office and business parks targeting technology, biotech, and knowledge-based businesses along the Highway 280 corridor.

Named customers9 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

13 partnerships are on record, tiered core and key.

• Alabama Department of CommercecoreStrategic or Co-development PartnerState of Alabama's lead economic development organization. Collaborates with 58 INC on business recruitment, workforce development, and statewide economic initiatives. Partner organization for the Jobs Credits and Investment Credits incentive programs.
• Alabama PowercoreStrategic or Co-development PartnerShelby County's electricity provider and key source for economic development assistance. Provides low-cost, reliable electric service for industrial and commercial development.
• SpirecoreStrategic or Co-development PartnerShelby County's largest natural gas provider. Offers industrial development rates with volume discounts for large users.
• Shelby County ChambercoreStrategic or Co-development PartnerShelby County's voice of business and largest chamber of commerce. Collaborates on industry events, workforce development initiatives including Career Corps program, and business retention activities.
• Birmingham Business AlliancecoreStrategic or Co-development PartnerThe Birmingham Region's lead economic development organization. Partners with 58 INC on regional business attraction and workforce development initiatives.
• Economic Development Partnership of Alabama (EDPA)coreTechnology or IntegrationProvides interactive sites and buildings mapping tool used by 58 INC to showcase available office and industrial properties in Shelby County.
• Innovate AlabamakeyStrategic or Co-development PartnerStatewide innovation ecosystem organization. Collaborated on Innovation Workspace Experience, provides $98 million in small business support programs, and maintains statewide asset map.
• Tech280keyStrategic or Co-development PartnerInnovation hub in Shelby County showcasing innovative lab and office spaces. Partnered on inaugural Innovation Workspace Experience event.
• Jefferson State Community CollegekeyStrategic or Co-development PartnerEducational partner in workforce development. Houses welding lab at Valleydale Campus and partners on U.S. DOL Registered Apprenticeship programs in CNC machining, industrial maintenance, and welding.
• Lawson State Community CollegekeyStrategic or Co-development PartnerEducational partner in U.S. DOL Registered Apprenticeship Program for Machine Tool Technology, serving manufacturing employers in Shelby County.
• Central Six AlabamaWorkskeyStrategic or Co-development PartnerWorkforce development partnership supporting manufacturing apprenticeships and career exposure programs in the Birmingham region.
• BIO AlabamakeyStrategic or Co-development PartnerStatewide bioscience industry organization. 58 INC President Amy Sturdivant serves on the board. Collaborates on bioscience ecosystem development and events.
• Innovation DepotkeyStrategic or Co-development PartnerBirmingham's technology incubator and innovation hub. Hosts Beakers + Brews events and Alabama Founder Fest, connecting 58 INC with the regional startup ecosystem.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Regional players

• Tennessee Department of Economic and Community Development: State-level EDC serving a neighboring Southeast market — directly comparable in incentive design (FastTrack grants, job training), site certification, and recruitment process, and competes for the same automotive supplier and corporate relocation projects Shelby County targets.

Direct peers

• Greater Cleveland Partnership: Regional EDC comparable for site selection, business retention, and innovation ecosystem development tied to a county-scale labor market — competes with 58 INC for advanced manufacturing and corporate relocation projects.
• Birmingham Business Alliance: Regional economic development organization for the Birmingham metro area, directly comparable as a sister EDC operating in the same market with overlapping site selection, business recruitment, and innovation ecosystem mandates.
• Mobile Area Chamber of Commerce: Coastal Alabama's lead economic development organization, comparable as another substate EDC with site selection, workforce, and business retention functions targeting advanced manufacturing, aerospace, and logistics.
• JobsOhio: State-level private economic development corporation for Ohio — directly comparable as a publicly-aligned EDC packaging incentives, site selection, and workforce support for relocating and expanding employers in a competitive Southeast/Midwest corridor.
• Greater Phoenix Economic Council: Metropolitan EDC comparable as a free site selection, workforce development, and incentive packaging organization pursuing semiconductor, advanced manufacturing, and tech recruitment in a fast-growing Sun Belt market.
• Montgomery Area Chamber of Commerce: Capital city EDC comparable in scale and mandate to 58 INC — performs site selection, workforce development, and incentive packaging for Montgomery-area prospects competing for similar projects.
• Economic Development Partnership of Alabama: Statewide economic development organization that partners with 58 INC and shares the same site/buildings database (Advantage Alabama). Directly comparable as the umbrella EDO whose toolkit and mapping platform 58 INC leverages for site selection.
• Research Triangle Regional Partnership: Regional EDC marketing the Raleigh-Durham-Chapel Hill innovation cluster — comparable to 58 INC in targeting tech, biotech, and advanced manufacturing prospects and packaging innovation-ecosystem narratives for site selectors.
• Huntsville/Madison County Chamber EDC: Alabama peer EDC serving the Huntsville-Madison metro with similar site selection, aerospace/defense, and biotech recruitment functions — directly comparable as a competing substate EDC pursuing overlapping target sectors.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/58inc
• Facebookfacebook.com/58INC

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about 58