News
NASA’s newest rocket, SLS, blasts off with Alabama DNA
NASA’s Space Launch System — the space agency’s most powerful rocket ever — blasted off on its inaugural mission early this morning, thanks to major contributions from scientists, engineers, technicians and other workers in Alabama. Following the successful launch, NASA’s Orion spacecraft is on its way to the Moon as part of the Artemis program.…
Beyond Gravity doubling production of rocket structures in Alabama expansion
DECATUR, Alabama — Switzerland-based Beyond Gravity, a manufacturer of structures for launch vehicles, said Thursday it is adding a new production facility in Decatur to provide additional payload fairings for the United Launch Alliance’s next-generation Alabama-built Vulcan rockets. Beyond Gravity said it is working with ULA to build the new production facility, which will add…
Governor Ivey tapped for Alabama auto manufacturing group’s Hall of Fame
BIRMINGHAM, Alabama — The Alabama Automotive Manufacturers Association (AAMA), a trade group representing companies in the dynamic and fast-growing industry, named Governor Kay Ivey to its Hall of Fame at a Thursday night dinner in Birmingham. Ron Davis, the AAMA’s president and chairman, praised Governor Ivey for her steadfast commitment to facilitating the growth of…
Hyundai Mobis plans Alabama EV battery module plant, creating 400 jobs
MONTGOMERY, Alabama — Governor Kay Ivey joined executives of Hyundai Mobis, one of the world’s largest auto suppliers, today to announce the company’s plans to invest $205 million to open an EV battery module plant in Montgomery that will eventually employ at least 400 people. Once it reaches full production, the 450,000-square-foot facility will be…
Summit: Rural Alabama poised for job growth as project momentum builds
MONTGOMERY, Alabama — Growing businesses injected nearly $1.7 billion in new capital investment into Alabama’s rural counties last year in a sign of continuing vitality, according to data released today by the Alabama Department of Commerce in conjunction with a summit for the state’s rural developers. These projects will create over 1,600 jobs in rural…
Alabama-Japan relationship celebrated as robust bonds strengthen
HUNTSVILLE, Alabama — Workforce development guru Ed Castile and six growing companies were recognized Thursday night at a ceremony that showcased the strong economic and cultural ties between Alabama and Japan. The Japan-America Society of Alabama (JASA) dinner at the Westin Huntsville brought together leaders from government, economic development, education and culture in support of…
HudsonAlpha AgTech Accelerator launches with first start-up class
HUNTSVILLE, Alabama — Five innovative start-up companies make up the inaugural class in the HudsonAlpha AgTech Investment Accelerator, a new initiative from the HudsonAlpha Institute for Biotechnology and the global venture and accelerator firm gener8tor. The 12-week accelerator invests $100,000 in five startups at the forefront of the agricultural technology industry. The Huntsville-based accelerator seeks…
Manna Capital Partners plans $600 million Alabama beverage product hub
MONTGOMERY, Alabama — Manna Capital Partners plans to invest nearly $600 million to construct an advanced beverage production and distribution complex in Montgomery, Governor Kay Ivey announced today. Manna Capital Partners, a minority-owned business enterprise and investment firm, said its Montgomery “beverage park” will create 280 full-time jobs and will be owned and operated by…
Li-Cycle opens lithium-ion battery recycling ‘Spoke’ in Alabama
TUSCALOOSA, Alabama — Li-Cycle, a leading North American recycler of lithium-ion batteries, has launched commercial operations at an advanced recycling facility in Tuscaloosa that will support the company’s growing electric-vehicle battery supply customer base across the Southeast. Li-Cycle’s Alabama Spoke, as the facility is called, utilizes the company’s patented, environmentally friendly technology to recycle and…
Second ‘Made in Alabama’ Showcase features top homegrown products
MONTGOMERY, Alabama — Governor Kay Ivey recognized 14 companies and their exceptional homegrown products at the second “Made in Alabama” Showcase at the state Capitol today. Governor Ivey invited the businesses to exhibit their products in the Old Supreme Court Library during a ceremony today. Eleven exhibitors showcased their products, shared their company history, and…