Made in Alabama: Small Business

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Kronospan creating 160 jobs in Alabama with $362M expansion

foreign investment

OXFORD, Alabama – Austria-based Kronospan, a leading manufacturer of wood-based panel products, said today that it plans to invest $362 million to expand its operations in Calhoun County, adding 160 jobs to its Alabama workforce. Kronospan said the expansion consists of four separate projects:

Written by Jerry Underwood

Buckle Up: Alabama auto industry accelerates growth (Video)

foreign investment

Alabama’s auto industry is on a hot streak, with record production numbers, rising investment, expanded hiring, and redesigned models rolling off the assembly lines. Last year alone, the auto industry added around 6,500 jobs and $3 billion in new investment in the state, according...

Written by Jerry Underwood

World Stage: 2015 foreign investment reaches $3.4 billion

foreign investment

Foreign direct investment in Alabama topped $3.4 billion in 2015, as companies based in 18 different countries extended their reach into the state. The vast majority of the 95 FDI projects were expansions, including a major addition to the Mercedes-Benz plant in Tuscaloosa County.

Written by Jerry Underwood

Alabama trade team finds opportunities in Spain, Morocco

foreign investment

Spain and Morocco put out the welcome mat this week for Alabama business leaders, who visited the countries in an effort to strengthen trade ties. The 16-member state delegation is nearing the end of the trade mission, which kicked off in Spain with business-to-business...

Written by Jerry Underwood

Mobile Chamber signs trade memo as gateway to Morocco

foreign investment

CASABLANCA, Morocco – The Mobile Area Chamber of Commerce this morning signed a memorandum of understanding with the American Chamber of Commerce in Morocco calling for the organizations to promote trade and build mutually beneficial business connections. The development comes on the third day...

Written by Jerry Underwood

Alabama trade mission targets opportunities in Spain, Morocco

foreign investment

Business leaders from across Alabama will be in Europe and Africa next week, seeking new markets for their state-made goods and services. Alabama Department of Commerce Secretary Greg Canfield is leading a trade and business development mission to Spain and Morocco that kicks off...

Written by Jerry Underwood

Business Facilities names Alabama ‘State of the Year’ for 2015

foreign investment

Business Facilities magazine said today it has selected Alabama as its 2015 “State of the Year” after landing a string of coveted economic development projects from Polaris Industries, Google and other companies. This is the first time Alabama has claimed the site-selection publication’s highest...

Written by Jerry Underwood

SEUS Japan: Leaders vow to build on close economic, cultural ties

foreign investment

BIRMINGHAM, Alabama – Leaders from Japan and seven Southeastern states pledged today to continue building on a longlasting partnership that has stimulated two-way trade and investment while creating nearly 140,000 jobs across the Southeast. Expanding the close economic and cultural ties between the region...

Written by Jerry Underwood

How Japan business ties add horsepower to Southeast growth

foreign investment

BIRMINGHAM, Alabama – As leaders from seven Southeastern states gather with their Japanese counterparts for a high-level forum in Birmingham, this longstanding Trans-Pacific relationship is positioned to strengthen as trade and investment ties expand. Those strong economic bonds provide the foundation for the SEUS...

Written by Jerry Underwood

International SEUS Japan 38 forum to kick off in Birmingham

foreign investment

BIRMINGHAM, Alabama – Business leaders and top government officials from Japan and seven Southeastern states will begin arriving in Birmingham this weekend for a major conference that aims to strengthen cultural ties and expand commercial opportunities. The annual joint forum of the Southeast U.S.-Japan...

Written by Jerry Underwood

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