News
Commerce trade team leads Alabama mission to MEDICA in Germany
DÜSSELDORF, Germany — The Global Business team from the Alabama Department of Commerce is leading a delegation of Alabama small and mid-sized businesses at this week’s MEDICA 2024, the world’s largest event for the medical industry, being held in Germany. Following MEDICA, the Alabama team will extend it bioscience-focused mission in Europe with a visit…
Gov. Ivey: Rural Alabama making ‘exciting progress’ as growth builds
PRATTVILLE, Alabama — Economic momentum is accelerating in Alabama’s rural counties, with new investments and job creation reaching impressive levels in the past year, Governor Kay Ivey announced today. This progress underscores a promising outlook for the state’s rural communities. Speaking to a gathering of rural economic developers in Prattville, Governor Ivey highlighted the rollout…
Growth at Brookley Aeroplex gets lift from $2 million SEEDS grant
MOBILE, Alabama — The Mobile Airport Authority (MAA) announced today that a $2 million grant from Alabama’s SEEDS (Site Evaluation and Economic Development Strategy) program will be instrumental in its plans to expand Brookley Aeroplex and boost economic opportunities for the Mobile area. The SEEDS funding allowed MAA to purchase 272 acres from the Mobile…
Alabama and Japan forge stronger economic bonds at JASA event
BIRMINGHAM, Alabama — The flourishing economic relationship between Alabama and Japan is on full display as the Japan-America Society of Alabama (JASA) hosts its 2024 Annual Dinner and Business Forum at the Renaissance Birmingham Ross Bridge Golf Resort & Spa. Commencing with a formal dinner last night, the event brings together key figures from both…
SpaceFactory relocates to Huntsville, bringing high-tech innovation focus to Alabama
HUNTSVILLE, Alabama — SpaceFactory, an industry leader in space and terrestrial construction technology, today announced plans to relocate its headquarters to Huntsville, positioning itself within the heart of the nation’s high-tech and aerospace industries. This strategic move places SpaceFactory’s new facility at 209 Bailes Street, near the innovative Campus 805, where the company will expand…
Northeast Opelika Industrial Park gets $2 million boost from SEEDS grant
OPELIKA, Alabama — A $2 million grant from Alabama’s Site Evaluation and Economic Development Strategy (SEEDS) program will fund critical infrastructure projects in the Northeast Opelika Industrial Park, enhancing the city’s attractiveness for new business and investment. The SEEDS funding will support two key projects in Opelika: the extension of North Park Drive and the…
Commerce Sec. McNair leads Alabama delegation to SEUS-Japan joint meeting
CHARLOTTE, North Carolina — Commerce Secretary Ellen McNair is leading an Alabama delegation at the 46th Annual Southeast U.S.-Japan (SEUS-Japan) Alliance joint meeting in Charlotte this week to reinforce ties with one of the state’s key economic partners. The three-day event, which began Sunday, brings together leaders from the Southeast U.S. and Japan to strengthen…
Austal USA launches second growth project in Mobile, eyes 2,000 new jobs
MOBILE, Alabama — Austal USA, a cornerstone of Alabama’s thriving defense industry, has commenced the construction of a cutting-edge submarine module manufacturing facility (MMF3) in Mobile. This expansion marks another milestone in the company’s ongoing efforts to support the U.S. Navy’s submarine programs, further enhancing Alabama’s role in national defense. The facility, spanning 369,600 square…
SEEDS grants totaling $2.2 million to propel site development in Montgomery
MONTGOMERY, Alabama — Two grants totaling $2.2 million from Alabama’s Site Evaluation and Economic Development Strategy (SEEDS) program will accelerate the development of vital industrial sites in Montgomery, reinforcing the city’s ongoing surge in capital investment and job creation. In collaboration with the Montgomery Water Works & Sanitary Sewer Board and Kershaw Investment Properties LLC,…
Governor Ivey announces new Growing Alabama funding topping $7M for 4 sites
MONTGOMERY, Alabama — Governor Kay Ivey announced today that the Renewal of Alabama Commission has allocated over $7.2 million in new Growing Alabama funding to four economic development organizations across the state, accelerating the development of industrial and agricultural center sites. These funds are designed to boost site readiness, a critical factor in attracting new…