News
SEEDS grant to boost economic growth efforts in rural Fayette
FAYETTE, Alabama — Alabama’s groundbreaking SEEDS program is providing a $733,700 grant to enable officials in Fayette to purchase property for a prime industrial site that will accelerate economic growth in the rural region. The Industrial Development Board of the City of Fayette (Fayette IDB) plans to purchase land to establish the North Fayette Industrial…
SEEDS grant fuels expansion of Auburn Technology Park West
AUBURN, Alabama — A SEEDS grant totaling $2.85 million will help the City of Auburn expand Auburn Technology Park West, enhancing the East Alabama city’s attractiveness for new business and investment projects. The grant is funded through the Site Evaluation and Economic Development Strategy (SEEDS) Act, a program launched in 2024 that supports the development of…
Alabama’s economic growth continues with $7 billion in new investment from 2024 projects
MONTGOMERY, Alabama — Governor Kay Ivey today announced the release of the “2024 New & Expanding Industry Announcements Report,” highlighting another banner year for Alabama’s economy. The report reveals that economic development efforts last year secured $7 billion in new capital investment across 224 projects, generating more than 8,500 career opportunities for Alabamians. Governor Ivey…
Honda Alabama launches production of new rugged Passport models
LINCOLN, Alabama — The newest SUVs navigating a path down the assembly lines of the Honda Alabama Auto Plant are built for more rugged destinations once they depart the $3 billion plant and dealer showrooms. Honda Alabama leaders and the plant’s 4,500-plus workers recently celebrated the production launches of the all-new 2026 Passport and Passport TrailSport SUVs.…
Alabama defense firms seek growth opportunities on Poland trade mission
WARSAW, Poland — The Alabama Department of Commerce and its partners in Export Alabama have launched an international business development mission to Poland, helping state-based companies explore new opportunities in one of Europe’s fastest-growing economies. Representatives from six Alabama firms are engaging in high-level discussions and business-to-business meetings with Polish government officials, companies and industry…
Alabama offers free mental health and substance abuse training for employers
MONTGOMERY, Alabama — The Alabama Department of Commerce advises that businesses across the state can now take advantage of free training to help supervisors identify and respond to mental health and substance abuse issues in the workforce. The 8-hour training session is provided by the University of Alabama’s VitAL partnership, which uses education and training…
Alabama Port Authority kicks off Montgomery rail facility project
MONTGOMERY, Alabama — The Alabama Port Authority, in partnership with CSX, today broke ground on the Montgomery Intermodal Container Transfer Facility (ICTF), a state-of-the-art facility that will enhance freight mobility and stimulate economic growth throughout the region. Located on a 272-acre site with direct access to Interstate 85 and U.S. Highway 31, the Montgomery ICTF…
Core Scientific bringing high-performance computing operation to Auburn
AUBURN, Alabama — Core Scientific Inc., a leader in providing digital infrastructure for high-performance computing, is expanding into Auburn. The company plans to invest $135 million to establish its operation in the existing AUBix data center on West Samford Avenue, with an expected total investment of $400 million. “Alabama has long been a pro-business state,…
Alabama exports total $26.8 billion in 2024, reaching over 200 countries
MONTGOMERY, Alabama — Commerce Secretary Ellen McNair announced today that Alabama companies exported goods and services worth over $26.8 billion in 2024, down slightly from the previous year but still ranking as the second highest annual tally for worldwide shipments from the state. The value of last year’s exports dipped 2% from the previous year’s…
Governor Ivey announces $23.5 million in SEEDS grants to boost Alabama’s economic growth
MONTGOMERY, Alabama — Governor Kay Ivey announced today that the State Industrial Development Authority (SIDA) has approved 29 grants totaling $23.5 million under the Site Evaluation and Economic Development Strategy (SEEDS) program. These grants aim to accelerate the development of industry-ready sites, positioning Alabama to attract transformative economic growth projects. The SEEDS grants will support industrial site development…