News Archive

Rural Development

Firm acquires North Alabama industrial facility, eyes aerospace hub

Rural Development

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...

Written by Jerry Underwood

2023 Made In Alabama Holiday Gift Guide showcases homegrown goods

Rural Development

Shoppers across the state, in growing numbers, are seeking out the talent and creativity of fellow Alabamians when it comes to checking off their holiday gift lists. That’s clear from the success of Alabama Goods, the retailer that opened its first shop in Homewood...

Written by Dawn Azok

Gov. Ivey: Alabama’s rural developers making ‘remarkable’ progress

Rural Development

PRATTVILLE, Alabama — Economic developers from rural communities across Alabama were urged Wednesday to keep their winning streak going at the 2023 RurAL Summit sponsored by the Alabama Department of Commerce and held at the Central Alabama Community College. Since 2020, the state’s rural...

Written by Jerry Underwood

Colclasher Enterprises bringing jobs to Selma with pipe production hub

Rural Development

SELMA, Alabama — Colclasher Enterprises LLC, a plastic pipe manufacturer, officially announced plans to invest $9 million to establish a production facility in Selma’s Craig Industrial Park as part of a project that will create 21 jobs. The Selma & Dallas County Economic Development...

Written by Jerry Underwood

CFD Research launches growth project at Test Center in Jackson County

Rural Development

HOLLYWOOD, Alabama — At a groundbreaking ceremony today, CFD Research Corp. formally kicked off a construction project to add a new facility at its Engineering Test Center in Jackson County that will allow it to expand activities at its growing site there. Huntsville-based CFD...

Written by Jerry Underwood

Trendco USA to create 292 jobs at Tuskegee glove manufacturing facility

Rural Development

MONTGOMERY, Alabama — Governor Kay Ivey announced today that Trendco USA plans to invest $43 million to launch a manufacturing operation in a Tuskegee logistics hub where the company will produce nitrile medical gloves to expand domestic supply. Columbia, South Carolina-based Trendco has committed...

Written by Jerry Underwood

International investment speeds job growth in Alabama, analysis shows

Rural Development

Job creation tied to international investment in Alabama has been rapidly outpacing the state’s general employment growth rate, according to a report that tracks the impact of foreign direct investment (FDI) across the U.S. The Global Business Alliance analysis says employment in Alabama tied...

Written by Jerry Underwood

Enviva kicks off construction on wood pellet plant in Sumter County

Rural Development

EPES, Alabama — Bethesda, Maryland-based Enviva Inc., the world’s leading producer of sustainably sourced woody biomass, recorded a milestone today with a ceremony to mark the official start of construction on a wood pellet plant in Sumter County. Governor Kay Ivey joined Enviva executives...

Written by Jerry Underwood

Southeast Alabama community looks to give aerospace sector a lift

Rural Development

ANDALUSIA, Alabama — A recent expansion at Covington County’s South Alabama Regional Airport illustrates rural Alabama’s key contributions to the state’s growing aerospace/aviation industry — and reflects a primary economic development focus for the region. A major Australian helicopter firm, McDermott Aviation, and its...

Written by Dawn Azok

Report: 2022 investment projects to generate 1,900 jobs in rural Alabama

Rural Development

MONTGOMERY, Alabama — Commerce Secretary Greg Canfield announced today that new capital investment by growing companies in rural Alabama approached $1.8 billion during 2022, building on solid economic development results registered in recent years. The new investment projects are also bringing 1,900 jobs to...

Written by Jerry Underwood

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