News
SEUS-Canada Alliance to kick off joint meeting in Mobile
MOBILE, Alabama — Business leaders from across Canada and the Southeastern U.S. will gather in Mobile next week to seek new trade and investment opportunities and continue to build on already strong partnerships. The 11th Annual Southeastern United States – Canadian Provinces (SEUS-CP) Alliance Conference kicks off Sunday in the Port City, with more than…
Hyundai to invest $388 million to prep Alabama plant for next-generation engines
MONTGOMERY, Alabama — Governor Kay Ivey joined Hyundai Motor Manufacturing Alabama LLC President and CEO Dong Ryeol Choi today to announce that Hyundai is investing $388 million to construct a plant dedicated to manufacturing engine heads and enhance existing operations to support production of new models of Sonata and Elantra sedans. The investment will create…
Commerce wins President’s ‘E’ Award for supporting Alabama exports
WASHINGTON, D.C. – U.S. Secretary of Commerce Wilbur Ross today presented the Alabama Department of Commerce with the President’s “E” Award for Export Service, the highest recognition an organization can receive for contributing to the expansion of U.S. exports. At a ceremony in the nation’s capital, Secretary Ross said the Alabama Department of Commerce has…
Success Plus initiative aims to add 500,000 high-skill workers
MOBILE, Alabama — A new strategic workforce development initiative targets the addition of 500,000 high-skilled employees to Alabama’s workforce by 2025 in response to increasing employer demands for the higher levels of talent needed in modern workplaces. Representatives of the Alabama Workforce Council, a group of high-level business leaders from across the state, presented Governor…
Steve Case: ‘Great things happening in Birmingham’
BIRMINGHAM, Alabama — Birmingham’s startup scene got a major boost on Wednesday, as a traveling caravan of national tech and innovation leaders met some of the city’s most dynamic entrepreneurs. The Rise of the Rest bus tour, led by America Online founder Steve Case, made stops at key centers of innovation around the Magic City.…
GE Aviation opens Alabama factory complex to produce unique materials
HUNTSVILLE, Alabama – GE Aviation opened a factory complex in Alabama today that will be the only U.S. location to produce unique materials used to manufacture ceramic components poised to revolutionize jet propulsion. The center in Huntsville is composed of two adjacent factories standing on 100 acres, where silicon carbide (SiC) materials will be mass…
Rise of the Rest bus tour to showcase Birmingham innovation ecosystem
BIRMINGHAM, Alabama — Birmingham’s entrepreneurial and innovation landscape will be in the spotlight today, as the city hosts a national tour of supporters of early-stage startups. The Rise of the Rest bus tour passes through the Magic City, where it will make stops at the National Civil Rights Institute, the makerspace MAKEbhm, downtown business incubator…
Analysis: Alabama bioscience industry’s impact tops $7.3 billion a year
Alabama’s multifaceted biosciences industry generates $7.3 billion in economic activity annually while supporting 780 companies and nearly 48,000 direct and indirect jobs across the state, according to a new analysis by researchers at the University of Alabama. The comprehensive study underscores the contributions and growth potential of the statewide life sciences sector, a robust combination…
2 Alabama projects claim magazine’s top 2017 investment awards
MONTGOMERY, Alabama — Trade & Industry Development, a national trade publication, selected two 2017 Alabama economic development projects for its elite investment awards, reflecting the powerful impact these collaborative recruitment efforts will have on their communities and the state. The magazine’s editors evaluated several hundred announcements from across the U.S. before selecting the 30 winners…
WestRock plant in Lanett primed for growth with expansion
LANETT, Alabama — The Chambers County Development Authority announced that WestRock Co. plans an investment in its manufacturing operation in Lanett that will increase the facility’s competitiveness and position the area for job growth. Atlanta-based WestRock, a provider of differentiated paper and packaging solutions, will expand its Chambers County operation to accommodate an increase in…