Made in Alabama: Small Business

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Mercedes held keys to start Alabama auto industry boom

foreign investment

TUSCALOOSA, Alabama – In the 20 years since Mercedes-Benz began producing the M-Class SUV in Tuscaloosa County, Alabama’s auto industry has roared to life in communities across the state. Vehicle production has steadily risen to make Alabama one of the Top 5 auto-producing states...

Written by Dawn Azok

Lenzing Alabama expansion: $293M investment, 163 jobs

foreign investment

MOBILE, Alabama – Austria-based Lenzing AG announced plans today to invest $293 million to expand production at its Alabama fibers plant, creating 163 new and permanent positions over three years. The Mobile County factory was the first commercial operation in the world to produce...

Written by Jerry Underwood

BASF to expand capacity at Alabama plant

foreign investment

MCINTOSH, Alabama – German chemical manufacturer BASF plans to spend more than $200 million to boost its worldwide plastic additives business, with a portion of the investment slated for the company’s plant in southwestern Alabama. At the Washington County facility in McIntosh, BASF will...

Written by Jerry Underwood

MollerTech project shows momentum for rural development (video)

foreign investment

WOODSTOCK, Alabama – Global auto supplier MollerTech on Tuesday officially launched work on a $46.3 million manufacturing facility near this tiny Bibb County community, a project that will create more than 220 jobs and spur growth in this rural region. MollerTech’s selection of the...

Written by Jerry Underwood

Alabama earns Top 10 spot in State Business Climate rankings

foreign investment

MONTGOMERY, Alabama -- Site Selection, an economic development-focused publication, ranked Alabama in the Top 10 in its annual State Business Climate survey, based largely on feedback from corporate real estate executives and project activity. [caption id="attachment_15351" align="alignright" width="184"] Alabama Commerce Sec. Greg Canfield[/caption] Alabama placed...

Written by Jerry Underwood

MollerTech plans $46M Alabama auto parts plant with 222 jobs

foreign investment

CENTREVILLE, Alabama -- German automotive supplier MollerTech announced today that it will invest $46.3 million to build a state-of-the-art manufacturing facility in Bibb County, creating 222 jobs in Alabama’s growing auto sector. “Attracting investment and new jobs to Alabama’s rural counties is a key...

Written by Jerry Underwood

Japanese investment in Alabama fuels many industries

foreign investment

When it comes to Japanese investment in Alabama, auto manufacturers Honda and Toyota and their broad network of suppliers across the state immediately come to mind. But the Asian nation is behind a significant number of non-automotive companies here as well, from chemical and...

Written by Dawn Azok

Alabama leaders seek to strengthen bonds at SEUS Japan 39

foreign investment

Commerce Secretary Greg Canfield will join Alabama business leaders in a delegation representing the state in Japan next week at a high-level forum that aims to strengthen cultural and economic ties. More than 30 Alabama government officials, economic development professionals and others who work...

Written by Jerry Underwood

Site selection publication awards high marks to Alabama, Huntsville

foreign investment

Business Facilities magazine rated Alabama among the top states for workforce training programs, auto manufacturing strength, and foreign direct investment in its 2016 rankings. In addition, the economic development-focused publication rated Huntsville No. 1 among U.S. cities for STEM job growth, and No. 3...

Written by Jerry Underwood

Ernst & Young: Alabama ranks in Top 5 for investment

foreign investment

Global consulting firm Ernst & Young says companies from around the world poured more than $5 billion into capital projects in Alabama last year, earning the state a place near the top of its investment rankings. Ernst & Young’s closely watched “US Investment Monitor”

Written by Jerry Underwood

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