Made in Alabama: Small Business

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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

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

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