News
Techstars teams with Alabama Power, Commerce and EDPA to open EnergyTech Accelerator
Techstars, the worldwide network that helps entrepreneurs succeed, is partnering with Alabama Power to launch the Techstars Alabama EnergyTech Accelerator, a startup accelerator focused on innovations in energy technology to be located in Birmingham. The venture is receiving additional support from the Economic Development Partnership of Alabama (EDPA) and the Alabama Department of Commerce. The…
4 key reasons Alabama’s ‘Rocket City’ is best pick for Space Command HQ
Huntsville is in the running to be the headquarters of the new U.S. Space Command, a move that is a natural fit for Alabama’s Rocket City and its longtime support of space and defense programs. Goals of the new command are to better organize and advance the military’s extensive operations in space and to seek…
ID Plastics to open first U.S. manufacturing operation in Auburn with 50 jobs
AUBURN, Alabama – ID Plastics LP, which manufactures a variety of technical plastic products, plans to invest $9.8 million to open its first U.S. operation in Auburn, Governor Kay Ivey announced today. “Our continued efforts and partnerships with local communities have led to another great manufacturer coming to Alabama,” Governor Ivey said. “ID Plastics’ decision…
Dynetics opens advanced rocket-testing complex in North Alabama
DECATUR, Alabama – Dynetics today opened a rocket-testing facility in North Alabama that will help advance major programs such as NASA’s Space Launch System (SLS), the space agency’s most powerful rocket, and the United Launch Alliance’s Vulcan Centaur, a next-generation launch vehicle. Huntsville-based Dynetics said its Aerospace Structures Complex will support the development, integration and…
ULA’s Alabama-based RocketShip makes first delivery with new name
Many folks may know that the United Launch Alliance produces powerful rockets at a sprawling factory in Decatur. But few people probably realize that the ULA has its own rocket delivery ship based in the Alabama city. The R/S RocketShip, as it’s now called, is a 312-foot vessel designed specially to transport boosters and other…
Project agreement clears way for Enviva to build Sumter County wood pellet plant
LIVINGSTON, Alabama — Governor Kay Ivey joined executives with Enviva and local leaders today to announce that the company expects to invest approximately $175 million to construct a wood pellet production plant in Sumter County that would provide an economic boost to West Alabama. The proposed facility, to be located at the Port of Epes…
Shinhwa Group to invest $42 million to open Auburn manufacturing plant
AUBURN, Alabama — The Shinhwa Group, an automotive parts manufacturer, plans to establish a manufacturing operation in Auburn to serve the region’s vibrant auto sector, Governor Kay Ivey announced today. “Shinhwa’s decision to invest $42 million and create 95 jobs in Auburn is great news for Alabama,” Governor Ivey said. “Alabama has become an important player…
Alabama trade mission team travels to United Arab Emirates
A team of Alabama business leaders is visiting the United Arab Emirates to explore new markets and forge key partnerships in this important gateway for commerce across the Middle East and North Africa. Last year, the UAE was Alabama’s 19th largest export market, with $186 million in products shipped there. With $11 million in state…
Secretary Canfield to chair Alabama panel studying impact of AI technologies
MONTGOMERY, Alabama – Greg Canfield, secretary of the Alabama Department of Commerce, will serve as chairman of the new Alabama Commission on Artificial Intelligence (AI) and Associated Technologies, a panel that will explore how the state should prepare for the impact of future technologies. Secretary Canfield was elected to chair the panel at the group’s inaugural meeting.…
Lockheed Martin to base hypersonic programs in Alabama, add 272 jobs
COURTLAND, Alabama – Lockheed Martin today announced plans to make North Alabama its flagship location for work on hypersonic programs, with plans to open a new production facility and hire nearly 275 people, including engineers. At a groundbreaking ceremony today, Lockheed Martin said it will add two new buildings at its Courtland facility for the…