Ernst & Young: Alabama ranks in Top 5 for 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” ranked Alabama No.5 among the states for mobile capital investment last…
Huntsville targets Dream Chaser landings as Sierra Nevada ties grow
HUNTSVILLE, Alabama – Huntsville International Airport is moving closer to a goal of becoming the first commercial airport that will be a landing spot for Sierra Nevada Corp.’s Dream Chaser spaceplane. A project team is working to secure funding to conduct additional studies this year and to submit an application for a commercial landing license…
Fresh off expansion, Milo’s Tea Co. brews up new product line
BESSEMER, Alabama – Milo’s Tea Co. is once again expanding its product lineup, the latest growth for the longtime family-owned Alabama beverage giant. The company has launched a line of USDA-certified café style organic teas at retailers across the nation. “We’ve been listening to our customers, and there are opportunities for us to provide more…
Commerce chief Canfield: Alabama team building on 2015 successes
ORANGE BEACH, Alabama – While Alabama’s economic development team registered a record-setting year in 2015, the state’s leading industrial recruiter says the team continues to target game-changing projects. Greg Canfield, secretary of the Alabama Department of Commerce, spoke to the Alabama NewsCenter after a Monday address at the Economic Development Association of Alabama summer conference…
Alabama claims Silver Shovel Award for 2015 projects
MONTGOMERY, Alabama – Alabama’s economic development team earned a Silver Shovel Award from Area Development magazine for its strong performance in 2015, keeping alive a winning streak that dates back a decade. The publication, which targets economic developers and site selection experts, announced the award today, noting that Alabama secured 2015 projects involving $7.1 billion…
Walmart Alabama veteran hires top 3,900 in ‘Welcome Home’ program
BIRMINGHAM, Alabama – As Memorial Day approaches, retail giant Walmart said it has hired more than 3,900 veterans in Alabama as part of a company initiative called the Veterans Welcome Home Commitment. Across the nation, Walmart has hired nearly 131,000 veterans under the program, which was announced on Memorial Day 2013. In Alabama, the total…
McWane Science Center looks to future as Itty Bitty Magic City turns 1
Birmingham’s McWane Science Center marked a milestone this month, when its popular children’s museum, Itty Bitty Magic City, turned a year old. The $5 million facility, the largest capital expenditure at McWane since its 1998 opening, welcomed more than 300,000 guests during the past year and put on 1,100 different programs. Covering 9,300 square feet,…
World Stage: 2015 foreign investment reaches $3.4 billion
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. Other auto industry investments were growth at Hyundai’s Montgomery factory and…
Alabama 2015 scorecard: Project investment tops $7 billion
Alabama attracted more than $7 billion in capital investment in 2015, along with nearly 20,000 new and future jobs, as the state’s economic development team secured high-caliber projects in key growth sectors such as technology, aerospace and automotive. At a press conference at the Mercedes-Benz manufacturing facility in Vance today, Governor Robert Bentley released the…
World-famous Barber Motorsports Park gears up for Indy races
Barber Motorsports Park is preparing to welcome about 80,000 visitors this weekend for the Honda Indy Grand Prix of Alabama, the annual three-day event that showcases the Birmingham racing venue. Many will take in the sights at the Barber Vintage Motorsports Museum, which houses the world’s largest collection of motorcycles and is undergoing a major…
