Gov. Ivey announces major tax reform to benefit small businesses
MONTGOMERY, Alabama — Governor Kay Ivey today announced the implementation of a major tax reform initiative that will that lessen burdens on many Alabama small businesses. Effective October 1, 2023, more than 3,000 Alabama small businesses will no longer be required to pay monthly estimated sales taxes to the state Department of Revenue. “Alabama’s economy…
Birmingham hosts U.S.-EU SME Workshop to reinforce transatlantic ties
BIRMINGHAM, Alabama — The Alabama Department of Commerce is hosting the 12th U.S.-EU Small and Medium-Sized Enterprises (SME) Workshop today in Birmingham, giving small businesses an opportunity to connect with government trade officials from both sides of the Atlantic. The day-long event allows leaders from small businesses to engage directly with government officials from the…
International investment speeds job growth in Alabama, analysis shows
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 to FDI surged 12% between 2015 and 2020, compared to overall…
Alabama delegation seeks closer Canada ties at SEUS-CP
Commerce Secretary Greg Canfield is leading an Alabama delegation traveling to Canada for next week’s business meeting of the Southeastern United States-Canadian Provinces Alliance (SEUS-CP), a partnership that seeks to expand commercial opportunities and broaden cultural exchange. This year’s annual conference is being held in the port city of St. John’s, the capital of Newfoundland…
Core Industries to build new processing and storage facility in Alabama
MOBILE, Alabama — Core Industries plans to invest $8.75 million to construct a processing and storage facility at its port facility in Mobile County to support a contract to handle wood pellets for CM Biomass, according to the Mobile Chamber and the Industrial Development Authority. The project will create 28 jobs over the next five…
Growing Alabama to support improvements at Wiregrass industrial park
DOTHAN, Alabama — The Industrial Development Board of the City of Dothan is receiving $1 million in grant funding to assist in making infrastructure improvements to the Napier Field Industrial Park thanks to the Growing Alabama program. The Alabama Renewal Commission this month approved the IDB’s application for support from the Growing Alabama program, which…
Commerce’s Postell wins award as Alabama small business champion
The U.S. Small Business Administration’s Alabama District recently presented Eddie Postell, director of the Alabama Department of Commerce’s Office of Small Business Advocacy, with its “Tip of the Spear” Award. Each year, the SBA’s Alabama District gives out a special honor — formerly known as the Alabama District Director’s Award — to a standout advocate…
Southwire to expand Florence manufacturing campus, add 120 jobs
FLORENCE, Alabama — As part of ongoing modernization efforts, Southwire, one of North America’s largest wire and cable producers, announced plans today for an expansion of its manufacturing campus in Florence that is expected to increase production capacity by 30% and create approximately 120 jobs. “At Southwire, we’re making a multi-year investment of more than…
Alabama claims Silver Shovel Award for 2022 economic development successes
MONTGOMERY, Alabama — Governor Kay Ivey announced today that Area Development, a national business publication, has selected Alabama for its Silver Shovel Award, recognizing the state’s economic development successes during 2022. The honor reflects record results for Alabama’s economic development team, with companies announcing new facilities and expansion projects involving $10.1 billion in capital investment last…
Walmart plans $350 million in high-tech upgrades at Alabama distribution hub
CULLMAN, Alabama — Retail giant Walmart announced plans today to invest $350 million to add high-tech robotics and automation technologies to its regional distribution center in Cullman. The investment will improve the hub’s productivity, enabling it to double shipments and keep the shelves stocked at the Walmart stores it serves. It will also serve to…
