News
Startups in unique Techstars accelerator to share future of energy at Demo Day
BIRMINGHAM, Alabama — Nine entrepreneurs participating in a specialized energy-focused accelerator in Birmingham will outline the vision behind their business plans at a live Demo Day event on Tuesday. The founders of these promising startups traveled from seven states and Canada to participate in the Techstars Alabama EnergyTech Accelerator. The companies specialize in technologies and…
Bounty of projects sets stage for $1.6 billion in new Alabama investment
Alabama’s economic development team has plenty to be thankful for this November, as growth projects announced during the month are poised to pump over $1.6 billion in new capital investment into the state’s economy. The bounty of projects, involving a range of industries from bioscience to food products and logistics, will create more than 2,000…
FedEx plans $57M logistics facility in Dothan as Alabama hubs multiply
DOTHAN, Alabama — FedEx Ground plans to open a $57 million logistics facility in Houston County, adding another hub to the robust network of distribution and logistics centers that has been expanding across Alabama through a series of new projects. Officials in Houston County said the 317,000-square-foot FedEx Ground facility will stand on a 70-acre…
J.M. Smucker to build $1.1 billion Alabama manufacturing plant with 750 jobs
BIRMINGHAM, Alabama — The J.M. Smucker Co. announced plans today to build a new manufacturing facility and distribution center in Alabama to support production of Smucker’s Uncrustables, generating large-scale job creation in the Birmingham area. With a total financial investment of $1.1 billion, the facility in the Jefferson County community of McCalla will be constructed…
Growing Alabama Credit spurs $3 million investment at Etowah mega-site
GADSDEN, Alabama – The Growing Alabama Credit program is helping accelerate improvements at the Little Canoe Creek Mega-Site through a $5.7 million, multi-phase project facilitated by a partnership between Norfolk Southern Corp., the Etowah County Commission and the State of Alabama. Railroad company Norfolk Southern is funding Phase II of the improvements at the 1,000-acre…
Mazda reveals all-new CX-50 for 2022 debut on Alabama production line
HUNTSVILLE, Alabama – Automaker Mazda Motor Corp. today unveiled its brand-new CX-50 with a virtual world premier for the crossover vehicle that will be produced at the Mazda Toyota Manufacturing (MTM) assembly plant in Alabama beginning in January 2022. The CX-50 will join the Toyota Corolla Cross, also an all-new model, on the production lineup…
Amazon expands Alabama investment with 4 new operational sites
MONTGOMERY, Alabama – Governor Kay Ivey today announced that Amazon.com Inc. plans to open three new operations facilities in Alabama while also launching a new fulfilment center that will support customer deliveries across the state. The projects — located in Huntsville, Montgomery and Birmingham — will ultimately create over 900 jobs at the new facilities.…
Virtual SEUS-Japan meeting focuses on strong ties, growth potential
The robust economic and cultural ties between the U.S. Southeast and Japan are on full display in a virtual meeting of organizations dedicated to strengthening the long-standing relationship between seven Southern states and the Asian nation. The 43rd joint meeting of the Southeast U.S.-Japan and Japan-U.S. Southeast Associations had been set for October 2021 in…
Telemedicine startup MomentMD establishing Alabama headquarters
BIRMINGHAM, Alabama – Florida-based telemedicine startup MomentMD is establishing a headquarters in Birmingham after receiving an investment from the Alabama Futures Fund (AFF), a seed-stage venture capital fund created to support entrepreneurial activity in the state. MomentMD has developed a comprehensive telemedicine platform designed to optimize personal health care, with an initial emphasis on serving…
Growth projects bringing 3,000 jobs to Alabama’s rural counties
Economic development activity in Alabama’s rural counties ticked higher during the first half of 2021, building on growth projects that were launched in these areas last year despite the challenges of a pandemic. Preliminary, year-to-date results from the Alabama Department of Commerce show that projects locating in Alabama’s 40 “targeted” counties will generate at least…