Medical Equipment and Pharmaceutical Manufacturing
Target Industry: Medical Equipment and Pharmaceutical Manufacturing
The Lake Martin Area is primed and ready to support the medical equipment and pharmaceutical manufacturing industry. Based on Next Move Group’s research into the region’s industry supply chain, workforce, location advantages, and workforce training options, companies in this sector could have opportunities in the Lake Martin Region.
Opportunity – Medical Equipment & Pharmaceutical Manufacturing
We have identified the following sampling of sub-industries as having opportunities in the Lake Martin Area:
- Surgical and Medical Instrument Manufacturing:
152% growth in the Lake Martin area in the last 5 years - Medicinal and Botanical Manufacturing:
14% growth in the Lake Martin area in the last 5 years - Pharmaceutical Preparation Manufacturing:
6% growth in the Lake Martin area in the last 5 years
Lake Martin is home to the Central Alabama Community College and is only 30-minutes from Auburn University. Due to these resources, the region is home to multiple methods of producing a highly trained workforce in the medical devices and pharmaceutical industry. Some of the industry-specific programs that are offered in the region include:
- Chemical Engineering
- Materials Engineering
- Medicinal Chemistry
- Chemistry and Biochemistry
- Medical Assisting Technology
- Pharmaceutics
- Mechanical Engineering
- Pharmacology



Medical Equipment and Pharmaceutical Manufacturing Facilities in the Lake Martin Area
Based on a workforce analysis conducted by Next Move Group, the Lake Martin area has seen considerable growth in the following medical equipment and pharmaceutical manufacturing-related industries:
- Surgical and Medical Instrument Manufacturing:
152% growth in the Lake Martin area in the last 5 years - Medicinal and Botanical Manufacturing:
14% growth in the Lake Martin area in the last 5 years - Bolt, Nut, Screw, Rivet, and Washer Manufacturing:
7% growth in the Lake Martin area in the last 5 years - All Other Miscellaneous Fabricated Metal Product Manufacturing:
6% growth in the Lake Martin area in the last 5 years - Pharmaceutical Preparation Manufacturing:
6% growth in the Lake Martin area in the last 5 years - Electromedical and Electrotherapeutic Apparatus Manufacturing:
26 Electromedical and Electrotherapeutic Apparatus Manufacturing establishments in the Lake Martin area
In our research of the surrounding region’s supply chain, the Lake Martin area benefits significantly from Medical Equipment and pharmaceutical manufacturing industries, showing that the region had advantages to target this industry.
- Pharmaceutical Preparation Manufacturing:
290 suppliers within the Lake Martin region - Surgical and Medical Instrument Manufacturing:
248 suppliers within the Lake Martin region - Electromedical and Electrotherapeutic Apparatus Manufacturing:
26 Electromedical and Electrotherapeutic Apparatus Manufacturing establishments in the Lake Martin area
Current Support Companies

Medical Equipment and Pharmaceutical Support Companies in the Lake Martin Area
Kwang Sung Corporation, LTD. | Plastics/Injection Blow Mold Manufacturer |
Lake Martin Community Hospital | Healthcare Services |
Russell Medical | Healthcare Services |
Prime Management Services | Healthcare Services |
The Lake Martin area is home to a concentration of premiere healthcare facilities that support the medical equipment and pharmaceutical manufacturing industry. The region is home to two major medical centers, one community hospital, seven home health care agencies, five assisted living centers and nine nursing home facilities, for a total of 885 patient rooms, 1 24-hour emergency room, and over 31 medical specialties, covered by over 28,000 healthcare employees.
Proximity to Major Markets

The Lake Martin area is within proximity to multiple major markets, including:
- Atlanta, GA
- Miami and Tampa, FL
- New Orleans, LA
- Austin, Houston, and Dallas, TX
- Chicago, IL
- St. Louis, MO
- Charlotte, NC
- Detroit, MI
- Washington D.C.

When It Comes to Activities at Lake Martin, There’s More Than Just Boating!

Workforce
Wages
The table below outlines the average salary range for the targeted subindustries, showing that the region and its residents can highly benefit from increasing opportunities in these areas.
Subindustries |
Wages |
Surgical and Medical Instrument Manufacturing |
$60,070 |
Sheet Metal Work Manufacturing |
$47,286 |
All Other Miscellaneous Fabricated Metal Product Manufacturing |
$44,693 |
All Other Plastics Product Manufacturing |
$44,205 |
All Other Rubber Product Manufacturing |
$33,391 |
Electromedical and Electrotherapeutic Apparatus Manufacturing |
$30,806 |
Labor Availability

11,121 People Drive Outside of the Lake Martin Area for Work, Every Day
This map shows that 4,893 people travel to Lake Martin area daily for work, proving that a good employer can draw labor from a wide radius. Additionally, this map shows that 11,121 people drive from the Lake Martin area to work in other regions, daily. Many of these 11,121 workers will consider working in the Lake Martin area, as more jobs are created.

In the region surrounding and including the Lake Martin area, manufacturing is the largest sector, employing 34,532 workers. Additionally, the sector has the second largest concentration in the area in comparison to the national average, with an average salary of $52,973. Employment is expected to expand next in the Health Care and Social Assistance by 329+ jobs. The average salary for this industry is $45,442, and currenlty 27,666 are employed in this sector in the Lake Martin and surrounding region.

Recent Momentum
Russell Medical Center Refinancing

May 1, 2019
"It has been a pleasure working with the Russell Medical Center organization...This refinancing represents the second hospital in Alabama ZFC has financed using the Section 242/233(f) program..."
Chicago, Il (PRWEB) January 10, 2017
Ziegler, a speciality investment bank, is pleased to announce the successful closing of the $30,178,500 refinancing of Russell Medical Center by Zieglar Financing Corporation (ZFC), the FHA-insured mortgage lending arm of Ziegler.
Russell Medical Center (RMC) is an 81-bed not-for-profit, acute care hospital located in Alexander City, Alabama. RMC offers a wide variety of services to the coommunity including but not limited to, birthing services, a cancer center, cardiology, cardio-pulmonary services, emergency department, ICU/step/down unit, oncology, pediatrics, pharmacy, physical therapy, a sleep center, surgical services, total fitness services, a women's center, wound care and hyperbaric medicine. Russell Medical Center is the only provider of acute care services in Alexander City and currently captures approxiamately 45% of all inpatient services in its primary market area.
Workforce Training Programs
Alabama Technology Network (ATN)

Offers primarily manufacturing workforce development courses.
AIDT

State-level workforce training program that provides free training for area businesses:
- Pre-employment screening and training
- Leadership development
- Industrial safety program
- Industrial maintenance technician assessment program
Ready to Work (RTW)

Operated by the Alabama Community College System in cooperation with AIDT, RTW provides a career pathway for individuals with limited educational and employment experience. Training mirrors the needs of Alabama’s industries and businesses and is free to participants.
Edward Bell Career Center
Provides the students in Tallapoosa County with training for high-skill, high-demand occupations that mirror local business and industry needs.
Colleges & Universities

Central Alabama Community College (CACC)
Provides academic and technical degree programs both in-person and online for high-paying industries, including related industry-specific workforce training programs such as:
- LPN to RN Mobility
- Medical Assisting Technology
- Associate Degree in Nursing
- Pre-Med and Pre-Dentistry Career Path
- Pre-Nursing Career Path
- Pre-Pharmacy-Auburn Career Path, Pre-Pharmacy-Samford Career Path
- Pre-Veterinary Career Path

Auburn University
Harrison School of Pharmacy & School of Nursing
Auburn University is just 30 minutes from the Lake Martin area and is home to both the Harrison School of Pharmacy and a School of Engineering. The University has been ranked #1 multiple times for being one of the best in terms of value and offerings. Some of the medical-related degree programs include:
- Chemical Engineering
- Materials Engineering
- Medicinal Chemistry
- Chemistry and Biochemistry
- Pharmaceutics
- Mechanical Engineering
- Pharmacology


Troy University
Troy University is located 2 hours from the Lake Martin area. For 15 consecutive years, Troy University has been named to The Princeton Review’s “Best in the Southeast” list. The University has multiple locations throughout the state, programs for international students, and dual enrollment for high school students, and international support programs.
- Certificates
- MSN- Family Nurse Practitioner, Healthcare Informatics and Nursing Leadership, and Nurse Educator
- Bachelor’s
- Nursing (ASN, BSN, and RN Mobility)
- Health Promotion
- Health Education
- Exercise Science (Nutrition, Pre-Health Profession, and Wellness and Fitness degree options)
- Graduate’s
- MSN (Family Nursing Practitioner, and Healthcare Informatics and Nursing Leadership options)
- Doctor of Nursing
- Doctor of Nursing Practice- Nursing Leadership
- Kinesiology
- Doctor of Nursing Practice- Family Nurse Practitioner

Alabama State University
One of the nation’s oldest HBCUs, located in Montgomery, approximately 1.5 hours from the Lake Martin area. ASU offers many medical field-related programs as part of its College of Health Sciences. The related programs include:
- Bachelor’s
- Occupational Therapy
- Physical Therapy
- Prosthetics and Orthotics
- Maternal and Child Health Pipeline Training Program
- Biomechanics and Motor Control Lab
- Health Information Management
- Rehabilitation Studies
- Master's
- Prosthetics and Orthotics
- Occupational Therapy
Transportation Infrastructure
The Lake Martin Area is connected to Birmingham via Highway 280 and Interstates 65 and 85. The region is also directly connected to Montgomery by way of Highway 231. Additionally, both Auburn, Alabama and Columbus, Georgia are 1-2 hours away, via Highway 280. The Lake Martin area is connected to Mississippi by Interstate 20, Tennessee by way of Interstate 65, and to both Georgia and Florida by Interstate 75, making the region a prime location to do business.
US Highways

- Tallapoosa County is approximately 6 miles from HWY 280, and 30 miles from HWY 231
- Coosa County is approximately 14 miles from both HWY 231, and HWY 280
Interstates

- Tallapoosa County is 26 miles from I-85, 53 miles from I-20
- Coosa County is approximately 22 miles from I-65, 52 miles from I-85, and 45 miles from I-20
Rail

Norfolk Southern
- One of the nation’s premier transportation companies
- Operating in 22 states and the District of Columbia
- Largest carrier of metals and automotive products in North America
- Serving every major container port in the eastern US
Utilities
Gas

City of Dadeville
Located within Tallapoosa County, just an hour northeast of Montgomery.
Water

Goodwater Water & Sewer Board
City of Dadeville
Located within Tallapoosa County, just an hour northeast of Montgomery
Power

Alabama Power
Owns or operates 77 electric generating units with total nameplate capacity of more than 12 million kilowatts, offering a variety of power options throughout the state.
Featured Real Estate
Click here to view available real estate.
Incentives
Opportunity Zone Tax Incentive
Tax Incentive Reform Act Ad Valorem Tax Abatement
Corporate Income Tax
Business Privilege Tax
State Unemployment Tax
Sales and Use Tax
Property Tax
Current Use Exemption
Enterprise Zone Tax Program
Favored Geographic Areas Program
Income Tax Capital Credit
Workforce Grant Opportunities
Incumbent Worker Training Grant (IWTP)
Existing Industry Training Program (EITP)
Work Opportunity Tax Credit (WOTC)
On the Job Training (OJT)