News
Lockheed Martin opens $18 million Alabama engineering center
HUNTSVILLE, Alabama — Defense contractor Lockheed Martin on Thursday marked the opening of the company’s new $18 million engineering facility, labs and demonstration center in Huntsville, reinforcing its already large presence in Alabama. Bethesda, Maryland-based Lockheed Martin said the 122,000-square-foot facility provides space for 500 employees who will advance national security capabilities and drive innovation…
Coca-Cola UNITED to invest $330 million in new Birmingham facility, creating 50 jobs
Governor Kay Ivey announced today that Coca-Cola Bottling Company United Inc. (UNITED) plans to invest an estimated $330 million to construct a new Birmingham Coca-Cola facility in the city’s Kingston community that is expected to create up to 50 new jobs and retain over 750 positions in the Magic City. “For over 120 years, Coca-Cola…
Conecuh County receives ‘A’ rating for potential biomass development
EVERGREEN, Alabama — The Conecuh County Commission and Ecostrat Inc., a leading company in assessing and developing biomass supply chains, announced today that the county has received an investment grade BDO Zone ‘A’ Rating for Woody Biomass. The Conecuh County Bioeconomy Development Opportunity (BDO) Zone is the first ‘A’ rating in the Alabama and extends…
Genpak celebrates $22.8 million renovation project at Alabama facility
MONTGOMERY, Alabama — Genpak LLC, a leading manufacturer of foodservice packaging, marked a key milestone in a $22.8 million investment project at its Montgomery production facility with a ribbon-cutting ceremony today. The project reaffirms the company’s commitment to its current workforce of 145 employees but also paves the way for 155 new job opportunities, according…
‘Working for Alabama’ package aims to supercharge state’s economic growth
MONTGOMERY, Alabama — Governor Kay Ivey today signed the “Working for Alabama” legislative package into law, with the goal of transforming Alabama’s workforce, getting more Alabamians trained for high-paying jobs, streamlining Alabama’s economic development efforts and investing into Alabama communities, especially those in rural areas. The bipartisan, six-bill package aims to streamline and make more…
Clark Gas plans distribution facility in project creating 40 jobs in Thomasville
THOMASVILLE, Alabama — Florence-based Clark Gas Co. Propane Cylinder Exchange plans to invest $10 million in a new distribution hub in Clarke County, creating up to 40 jobs over the next three years. Clark Gas has purchased a 50,000-square-foot building, owned by the City of Thomasville’s Industrial Board and located in the South Thomasville Industrial…
Meta plans to build $800 million, next-generation data center in Montgomery
MONTGOMERY, Alabama — Governor Kay Ivey announced today that technology company Meta Platforms plans to open an $800 million data center in Alabama’s capital city that will support 100 operational jobs and build on the company’s previous investment in the state. Meta’s new 715,000-square-foot, AI-optimized data center will be built off Interstate 65 in Montgomery,…
5 Alabama companies claim ‘Trade Excellence Awards’ for export success
MONTGOMERY, Alabama — Governor Kay Ivey today honored five Alabama companies for their accomplishments in selling products in markets around the world and contributing to the robust exporting activities that are sparking economic growth at home. Governor Ivey presented leaders of the companies with a 2024 Governor’s Trade Excellence Award at a ceremony this morning…
Raytheon kicks off $115 million expansion at Alabama missile factory
HUNTSVILLE, Alabama — Raytheon on Tuesday officially launched a $115 million expansion of its Redstone Raytheon Missile Integration Facility, which will increase the factory’s space for integrating and delivering on critical defense programs by more than 50%. The 26,000 square-foot expansion project will also bring an estimated 185 new jobs to Huntsville site, growing the employee…
Team developing new strategic economic growth plan selects research allies
MONTGOMERY, Alabama — Governor Kay Ivey announced today that a consulting firm and two Alabama universities have been selected to assist in the creation of a new strategic economic growth plan that will guide the state into the next decade and beyond. The organizations will gather comprehensive data to help a small team led by…