News
3 companies team for $40 million auto steel blanking plant in Alabama
MADISON, Alabama – Three companies with more than a century of experience in the U.S. steel and auto industries are teaming in a joint venture called Madison Metal Processing that will operate a new, $40 million factory near Huntsville. The companies collaborating in the venture are Toyota Tsusho America Inc., Southern Mobility Products and SteelSummit…
Hanwha Cimarron to invest $130 million in new Alabama manufacturing facility
OPELIKA, Alabama – Hanwha Cimarron LLC, a maker of filament-wound carbon fiber tanks and pressure vessels, announced plans today to invest $130 million to open a new manufacturing facility in Opelika, where it will create 261 jobs. Hanwha Cimarron CEO David Jeon said the new facility will help fuel the company’s growth in the carbon…
$120 million AUBix data center in Auburn to become economic catalyst
MONTGOMERY, Alabama – Governor Kay Ivey announced today that AUBix LLC plans to open a $120 million data center in Auburn that will benefit communities across Alabama by providing a technological edge to businesses and individuals plus enhanced access to high-speed internet. Construction has begun on the firm’s new 40,000-square-foot facility on Samford Avenue, just…
New policies aim to spur growth in Alabama’s Innovation Economy
MONTGOMERY, Alabama – After getting a shout out on Thursday, new policies designed to strengthen Alabama’s innovation economy are ready to drive growth and make a long-lasting impact. Governor Kay Ivey hosted a commemorative bill signing ceremony at the State Capitol on Thursday for two key pieces of innovation legislation passed during the 2021 Legislative…
Alabama’s business climate scores near top in new rankings
Business Facilities, a national economic development publication, ranked Alabama’s business climate among the top states in an analysis evaluating key economic categories. Alabama earned the No. 5 spot in the magazine’s flagship business climate ranking, while also earning high marks for workforce training, manufacturing employment and output, and the horsepower of the state’s auto industry.…
‘Next’ campaign to showcase Alabama’s high-tech capabilities
In case you’ve missed a headline or two, Alabama is moving in a next-level direction across multiple industries. Its aerospace engineers are building future generation rockets while its scientists are unraveling genetic mysteries. At the same time, ultra-modern Alabama factories are revolutionizing how products are made and advancing mobility technologies that will change the way…
Landing commits $1 million to growth of Birmingham tech ecosystem
BIRMINGHAM, Alabama – Landing, a fast-growing company building a nationwide network of furnished apartments available to members, today announced a $1 million investment in Birmingham’s expanding tech ecosystem as it hosted officials at an event to unveil its new headquarters. The announcement follows last month’s announcement that the company planned to move its headquarters from…
Growing Alabama credit spurs $5.5 million in improvements at Baldwin mega site
BAY MINETTE, Alabama — The Growing Alabama Commission approved the South Alabama Mega Site for an investment of $5.5 million for rail improvements at the shovel-ready 3,000-acre tract in Baldwin County. The improvements include the construction of an on-site rail spur on the existing rail bed and construction of the wye, connecting the on-site rail…
Sweet Grown initiative connects Alabama farmers to local groceries
Sweet Grown Alabama has launched a new effort to help the state’s farmers sell more of their produce in local grocery stores. The nonprofit foundation, which promotes Alabama’s farming industry, is working with the U.S. Department of Agriculture, the Alabama Department of Agriculture and Industries and five local grocers and distributors across the state. Sweet…
Construction begins on $20 million logistics hub in Baldwin County
LOXLEY, Alabama – Governor Kay Ivey joined officials in Baldwin County today to officially kick off construction of a new logistics hub that will become home to Imperial Dade, a leading independently owned and operated distributor of food service packaging and janitorial supplies. The facility is set to bring more than $20 million in total…