Made in Alabama: Small Business

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Alabama wins Silver Shovel award for economic development

foreign investment

MONTGOMERY, Alabama – Area Development, an economic developed-focused publication, awarded Alabama a Silver Shovel for solid business recruitment and support in 2016, keeping alive a winning streak stretching back a decade. In announcing the award, Area Development noted that Alabama’s economic development team continues...

Written by Jerry Underwood

Alabama foreign investment tops $1.5 billion in 2016, creating 3,250 jobs

foreign investment

Businesses based in countries around the globe continue to find a welcoming home in Alabama, as the state’s foreign direct investment (FDI) reached $1.57 billion last year, driving job growth in several industries. Expansions accounted for the vast majority of the 79 FDI projects...

Written by Dawn Azok

Alabama team embarks on Canada trade mission

foreign investment

Alabama Secretary of Commerce Greg Canfield is leading a trade mission to Canada this week that aims to build on already strong ties with the state’s strongest international trade partner. The Alabama trade and business development mission kicks off Wednesday in Montréal, then shifts...

Written by Jerry Underwood

James Hardie to open $220M Alabama building products plant

foreign investment

PRATTVILLE, Alabama – Governor Kay Ivey announced today that James Hardie Building Products plans to invest up to $220 million to open an advanced fiber-cement building products manufacturing plant in Prattville, creating 205 jobs. James Hardie, whose corporate roots go back more than a...

Written by Jerry Underwood

Scorecard: Alabama recruited more than 14,700 jobs in 2016

foreign investment

MONTGOMERY, Alabama — Companies announced plans for more than 14,700 new jobs and nearly $4.2 billion in capital investment in Alabama during 2016, according to an analysis prepared by the Alabama Department of Commerce that chronicles wide-ranging economic development activity across the state last...

Written by Jerry Underwood

Alabama-Germany partnership shows new strength after decades of growth

foreign investment

German companies have invested $8.4 billion and created nearly 15,500 jobs in Alabama over the past two decades, and the prosperous relationship is poised to grow even stronger. State exports to the European nation are on the rise, and at the same time, Germany’s...

Written by Dawn Azok

Study: Toyota engine plant supports 9,700 Alabama jobs

foreign investment

HUNTSVILLE, Alabama – Global automaker Toyota is a key contributor to Alabama’s economy, supporting an estimated 9,700 jobs at its Huntsville engine factory and its suppliers and spinoff operations. Those findings are part of a new study by the Center for Automotive Research, which...

Written by Dawn Azok

GD Copper USA adding 40 jobs at Alabama manufacturing facility

foreign investment

THOMASVILLE, Alabama -- GD Copper USA, the first U.S. manufacturing facility operated by China’s Golden Dragon Precise Copper Tube Group, said today that it is adding as many as 40 workers at its plant in Wilcox County. GD Copper’s facility in the Pine Hill...

Written by Jerry Underwood

Cascades Sonoco to expand Alabama facility with $16M investment

foreign investment

BIRMINGHAM, Alabama -- Canada-based Cascades Sonoco plans to invest $16 million to expand its Birmingham facility, creating 20 jobs. The investment will be made in water-based coating technology to provide coated paper and paperboard substrates using the company’s new FlexShield, FluteSHIELD and SurfSHIELD coatings.

Written by Jerry Underwood

Alabama exports accelerate to $20.6 billion in 2016, breaking record

foreign investment

Alabama exports rose to a record level in 2016, topping $20 billion for the first time on gains from overseas shipments of Alabama-made products such as transportation equipment, chemicals and paper products. Figures from the U.S. Commerce Department show that Alabama exports totaled $20.55...

Written by Jerry Underwood

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