Alabama to open European office to advance economic development
The Alabama Department of Commerce has opened a business development office in Stuttgart, Germany, to enhance the state’s strategic efforts to attract European companies considering job-creating investments in the U.S., Governor Kay Ivey announced today. Christoph Dörr, an experienced German businessman who spent seven years in charge of an industrial operation in Alabama, serves as…
Record year for foreign investment sparks growth in Alabama
With major new growth projects moving forward across Alabama, foreign direct investment continues to play a vital role in the state’s economy, building on a record total of foreign investment approaching $4.2 billion last year. These FDI projects represent major job-creation engines for many Alabama communities. Last year, companies from 16 different countries launched projects…
Alabama earns No. 3 spot in magazine’s new business climate rankings
Business Facilities, a national publication that focuses on economic development, ranked Alabama’s business climate among the top states in a new analysis that evaluated a range of key economic categories. Alabama earned the No. 3 spot in the magazine’s flagship business climate ranking, while also earning high marks for workforce training, manufacturing employment and the…
Texas-based Ben E. Keith to open $100M Alabama distribution center
MONTGOMERY, Alabama — Governor Kay Ivey announced today that Ben E. Keith, a major food and beverage distribution company, plans to invest $100 million to open an advanced foodservice distribution center in Coffee County. The facility will also serve as the company’s Southeast Regional Headquarters. The project will create 80 direct jobs over the next…
3 Alabama projects selected for publication’s impact awards
Trade and Industry Development, a leading publication dedicated to site selection for business, today named three Alabama projects as winners of its top 2019 economic development awards. The Alabama projects were among a total of 30 across the nation claiming the magazine’s 2019 Corporate Impact/Community Impact (CiCi) Awards. “Great companies from around the world recognize…
How 4 innovative firms are soaring in Alabama’s aerospace industry
Alabama’s aerospace industry is marked by innovators, who are rethinking established industry standards and pushing the limits of their imaginations. They’re focused on specialized products and training to aid military personnel, new solutions for faster communications around the globe and more efficient ways for pilots and travelers to conquer the skies. “There’s an inventive spirit…
Alabama claims Gold Shovel Award for economic development efforts
MONTGOMERY, Alabama — Governor Kay Ivey announced today that Area Development, a national business publication, has selected Alabama for its Gold Shovel Award, recognizing the state’s economic development success in 2018. The honor follows a record year for Alabama, with companies announcing new facilities and expansion projects involving $8.7 billion in new capital investment. The…
Mazda Toyota Manufacturing embraces Alabama hometown’s space roots
HUNTSVILLE, Alabama – Mazda Toyota Manufacturing USA is taking a cue from its Alabama hometown’s leadership role in the nation’s space program by naming its two assembly lines “Apollo” and “Discovery.” “Thanks to our team members’ creativity and innovative thinking, Mazda Toyota Manufacturing is proud to name our two future assembly lines Apollo and Discovery…
Alabama team targets international connections at SelectUSA Investment Summit
Alabama is home to a diverse lineup of international companies, and the state’s business recruiters are looking to expand those ranks. The economic development team is in Washington D.C. at the 2019 SelectUSA Investment Summit, which starts today and is the premier foreign direct investment (FDI) event in the U.S. FDI is a significant part…
Alabama delegation travels to Montréal for SEUS-CP Alliance conference
Commerce Secretary Greg Canfield will lead an Alabama delegation to Montréal for the 12th edition of the Southeastern United States-Canadian Provinces Alliance Conference, an annual gathering that showcases common economic ties and a strong trade relationship. SEUS-CP, as the conference is known, runs Sunday through Tuesday in the Québec’s largest city. The event, whose theme…
