Alabama auto industry’s rapid growth fueled by billions in new investment
For Alabama’s economic future, the pivotal moment came on Sept. 30, 1993, when executives of Mercedes-Benz arrived in Tuscaloosa with an announcement that shocked the global business community. In the months leading to that day, a Mercedes team had explored potential sites in at least 30 states as a home for the automaker’s first U.S.…
Lockheed Martin opens $18 million Alabama engineering center
HUNTSVILLE, Alabama — Defense contractor Lockheed Martin on Thursday marked the opening of the company’s new $18 million engineering facility, labs and demonstration center in Huntsville, reinforcing its already large presence in Alabama. Bethesda, Maryland-based Lockheed Martin said the 122,000-square-foot facility provides space for 500 employees who will advance national security capabilities and drive innovation…
Coca-Cola UNITED to invest $330 million in new Birmingham facility, creating 50 jobs
Governor Kay Ivey announced today that Coca-Cola Bottling Company United Inc. (UNITED) plans to invest an estimated $330 million to construct a new Birmingham Coca-Cola facility in the city’s Kingston community that is expected to create up to 50 new jobs and retain over 750 positions in the Magic City. “For over 120 years, Coca-Cola…
Meta plans to build $800 million, next-generation data center in Montgomery
MONTGOMERY, Alabama — Governor Kay Ivey announced today that technology company Meta Platforms plans to open an $800 million data center in Alabama’s capital city that will support 100 operational jobs and build on the company’s previous investment in the state. Meta’s new 715,000-square-foot, AI-optimized data center will be built off Interstate 65 in Montgomery,…
Raytheon kicks off $115 million expansion at Alabama missile factory
HUNTSVILLE, Alabama — Raytheon on Tuesday officially launched a $115 million expansion of its Redstone Raytheon Missile Integration Facility, which will increase the factory’s space for integrating and delivering on critical defense programs by more than 50%. The 26,000 square-foot expansion project will also bring an estimated 185 new jobs to Huntsville site, growing the employee…
Two Rivers Lumber plans $115 million sawmill project in Coosa County
MONTGOMERY, Alabama — Governor Kay Ivey announced today that Two Rivers Lumber Co. LLC plans to invest $115 million to build a state-of-the-art sawmill in Coosa County as the company’s second operation in Alabama. Demopolis-based Two Rivers Lumber has committed to creating 130 jobs at the new Alabama sawmill, which will specialize in the production…
Alabama claims No. 1 spot among auto-exporting states for first time
Alabama has become the nation’s No. 1 auto-exporting state, with international vehicle shipments surging past $11.2 billion in 2023 to overtake long-time leader South Carolina, according to new trade data. Alabama’s auto exports have climbed 45% in value since 2021, when they totaled $7.7 billion, according to figures from the Alabama Department of Commerce. “Alabama’s…
Southern Roots Nut Co. plans Alabama processing hub with 120 jobs
DOTHAN, Alabama — Southern Roots Nut Co. plans to open a pecan processing facility in Dothan, where the New Mexico-based company will create 120 jobs in Alabama’s Wiregrass region, according to an announcement today by Governor Kay Ivey. Southern Roots will invest nearly $16.6 million to outfit an existing building and construct a new facility…
Toyota Alabama kicks off production on new engine line after $222 million project
HUNTSVILLE, Alabama — Toyota Alabama announced today that it has started production on its i-FORCE 2.4-liter turbo engine line at its Huntsville engine plant, culminating a $222 million investment project launched in 2022. Toyota Alabama said the new engine line will provide powertrains for the all-new Tacoma pickup and reinforces its commitment to diversified powertrains…
Conecuh Sausage expanding in $58 million Alabama growth project
ANDALUSIA, Alabama — Governor Kay Ivey announced today that Conecuh Sausage, an iconic Alabama maker of hickory smoked sausages, plans to invest nearly $58 million to open a second production facility in the state, creating 110 jobs in Andalusia. Conecuh Sausage was founded in Evergreen in 1947, and the production location in Conecuh County will…
