News
Firm’s $230 million broadband project to give lift to Selma, Black Belt counties
Major new investments aimed at expanding high-speed internet service across Alabama are poised to give many rural communities an important tool to better compete for job-creating projects and to fuel economic growth. The latest evidence: Selma, Demopolis and 15 other cities in Alabama’s “Black Belt” region will soon be able to connect to a new…
SEEDS funding aims to unlock growth potential of rural Alabama sites
In the Northwest Alabama communities of Hamilton and Sulligent, long-running efforts to develop industrial sites that entice growing companies just received a catapult boost, thanks to the state’s new SEEDS program. Officially named the Site Evaluation and Economic Development Strategy Act, SEEDS provides grants to accelerate the development of industry-ready sites in the state. It’s…
Site development efforts get $30 million boost with Alabama’s first SEEDS grants
MONTGOMERY, Alabama — Governor Kay Ivey announced today that the State Industrial Development Authority (SIDA) has approved over $30 million in grants under the new Site Evaluation and Economic Development Strategy Act (SEEDS) to speed the development of much-needed industry-ready sites across the state. The groundbreaking grant program — a key portion of the Governor’s…
Toyota Alabama kicks off production on new engine line after $222 million project
HUNTSVILLE, Alabama — Toyota Alabama announced today that it has started production on its i-FORCE 2.4-liter turbo engine line at its Huntsville engine plant, culminating a $222 million investment project launched in 2022. Toyota Alabama said the new engine line will provide powertrains for the all-new Tacoma pickup and reinforces its commitment to diversified powertrains…
Douglas Manufacturing creating 50 jobs with Pell City expansion project
PELL CITY, Alabama — Commerce Secretary Ellen McNair today announced that Douglas Manufacturing Co. plans to invest nearly $11.7 million to expand its production facility in St. Clair County through a project that will create 50 jobs. Founded in 1978, Douglas Manufacturing’s mission is to help its customers make their conveyor systems safer and more…
Conecuh Sausage expanding in $58 million Alabama growth project
ANDALUSIA, Alabama — Governor Kay Ivey announced today that Conecuh Sausage, an iconic Alabama maker of hickory smoked sausages, plans to invest nearly $58 million to open a second production facility in the state, creating 110 jobs in Andalusia. Conecuh Sausage was founded in Evergreen in 1947, and the production location in Conecuh County will…
Alabama exports soar to record total in 2023, topping $27 billion
MONTGOMERY, Alabama — Governor Kay Ivey announced today that Alabama companies exported goods and services worth over $27.4 billion in 2023, setting a new annual record for the second consecutive year and underscoring the resilience of the state’s economy. The value of last year’s exports rose 6% from the previous year’s total of $25.5 billion,…
Firm acquires North Alabama industrial facility, eyes aerospace hub
MUSCLE SHOALS, Alabama — AE Industrial Partners (AEI), a private equity firm specializing in aerospace, national security and industrial services, today announced that its affiliate Rocket Shoals LLC has acquired a sprawling industrial facility in Colbert County with plans to redevelop it as an “aerospace center of excellence.” Boca, Raton, Florida-based AEI acquired the facility…
Myer Companies plans expansion project creating 26 jobs in Mobile County
MOBILE, Alabama — Myer Companies LLC plans to expand its Mobile County industrial operations with a new facility to house its coatings department, creating 26 jobs, according to the Mobile Chamber. Myer, which offers engineering, fabrication, repair and other services to customers in several industries, plans to invest $2.6 million to construct a 10,000-square-foot steel…
Gov. Ivey: Unions want to target one of Alabama’s crown jewel industries, but I’m standing up for Alabamians and protecting our jobs
Sept. 30, 1993 marked a watershed moment in Alabama history. That is the day Mercedes-Benz went against the grain and chose our state to be the home of their first U.S. manufacturing facility. It was a decision that changed the future of our state like no one could have imagined. Fast forward more than 30…