News
SEEDS funding topping $475,000 to speed site development in Henagar
HENAGAR, Alabama — Today, officials in Henagar celebrated a major milestone with a substantial grant from the state’s new Site Evaluation Economic Development Strategy (SEEDS) program, which is accelerating the transformation of a portion of the DeKalb County city’s existing 90-acre industrial tract into a “shovel-ready” site. The SEEDS grant award amount is $475,609, which…
Alabama gets high rankings in publication’s ‘Top States for Doing Business’ report
MONTGOMERY, Alabama — Alabama has once again demonstrated its commitment to fostering a thriving business environment, earning a No. 8 ranking in Area Development’s 2024 “Top States for Doing Business” report. This marks another year of Top 10 recognition for the state, as the national publication highlights Alabama’s competitive edge across multiple business-friendly categories. The…
Milestone: Toyota Alabama builds 10-millionth engine at Huntsville facility
HUNTSVILLE, Alabama — Toyota Alabama announced Thursday that it has officially assembled its 10-millionth engine, an i-Force MAX 2.4-liter, to power an all-new hybrid Tacoma. The engine plant, which first broke ground in 2001, assembles a third of all Toyota engines in North America. “We are thrilled to celebrate this milestone and look forward to…
First Solar inaugurates $1.1 billion Alabama manufacturing facility
TRINITY, Alabama — First Solar Inc. today inaugurated its new $1.1 billion solar panel manufacturing facility in Lawrence County, which is expected to create over 800 new energy technology manufacturing jobs in the state. The facility adds 3.5 gigawatts (GW) of fully vertically integrated nameplate solar manufacturing capacity in the United States. The project was…
Parts maker ILJIN to invest $100M in Auburn operation, creating 160 jobs
AUBURN, Alabama — Governor Kay Ivey announced today that ILJIN, a leading automotive and industrial bearings and chassis manufacturer, is investing nearly $100 million in a new operation in Auburn. The company’s new facility will employ about 160 people and will allow ILJIN to expand into the aluminum forging market. “ILJIN’s decision to locate its…
Logistics firm TQL plans Huntsville office in expansion of Alabama footprint
HUNTSVILLE, Alabama — Total Quality Logistics (TQL), the second-largest freight brokerage in North America, announced plans today to expand its presence — and its workforce — in Alabama with a new office in Huntsville. TQL, a global leader in third-party logistics, has selected Bradford Office Park within Cummings Research Park, the nation’s second-largest research park,…
German American Chamber event showcases Alabama business opportunities
German business leaders will learn about Alabama’s advantages for potential investment projects or partnerships during an upcoming webinar coordinated by the German American Chamber of Commerce in Atlanta. The Sept. 25 webinar is part of the Chamber’s “Virtual Tour 2024 — Southern U.S.,” which is providing in-depth introductions to 11 different states in the region.…
Goldman Sachs program aims to assist small business in rural Alabama
A new initiative from investment bank Goldman Sachs is poised to support small businesses in rural Alabama, with goals that include growth and job creation. U.S. Senator Katie Britt joined representatives of Goldman Sachs in Birmingham on Friday for the launch of the bank’s “Investment in Rural Communities” initiative in Alabama. The $100 million initiative provides comprehensive…
Builders Supply Co. kicks off $10.6 million expansion project in DeKalb County
FORT PAYNE, Alabama — The Alabama Department of Commerce and Builders Supply Co. announced today that the family-owned company plans to invest $10.6 million in a new manufacturing facility in Fort Payne, creating 10 new full-time jobs. With this growth project, Builders Supply will expand its third-generation operations in Fort Payne with a new 23,000-square-foot…
Commerce selects Meghann Bridgeman as next Alabama Film Office director
MONTGOMERY, Alabama — The Alabama Department of Commerce announced today the selection of Meghann Bridgeman, president and CEO of Create Birmingham, as the next Director of the Alabama Film Office. With extensive experience in arts and economic development, Bridgeman will lead the state’s efforts to attract, support and promote general entertainment productions across Alabama. Bridgeman…