Germany trade mission offers new possibilities for Alabama firms
Team Alabama’s first overseas trade mission in over three years successfully connected a diverse group of growth-minded state companies with counterparts in Germany, potentially setting the stage for new opportunities and partnerships. Greg Canfield, Secretary of the Alabama Department of Commerce, said the five Alabama companies on the mission operate in fields including the life…
Commerce to lead Alabama trade mission to German business hub
MONTGOMERY, Alabama — Commerce Secretary Greg Canfield is leading a delegation of Alabama business leaders on a trade mission to Germany this week, resuming the strategic trips to overseas commercial hubs that have helped state-based companies explore new markets and partnership opportunities. The journey to Munich and nearby Augsburg is the Alabama Department of Commerce’s…
German state celebrates ties to Commerce with partnership award
An organization promoting economic ties to the German state of Niedersachsen recognized the Alabama Department of Commerce as its “Outstanding Economic Development Partner of the Year” at an international trade show in Chicago. The award from Invest in Niedersachsen reflects Commerce’s strategic efforts to build close relationships with companies and business organizations throughout Europe but…
Alabama joins top states in publication’s new site selectors survey
MONTGOMERY, Alabama — A national economic development publication reports that site-selection professionals it surveyed have again ranked Alabama among the top states for business, citing a broad range of factors contributing to a fertile growth environment. Area Development says Alabama ranks No. 6 overall in its 2022 “Top States for Doing Business” analysis, the same…
Gateway Tire growing in Dothan with $9 million expansion project
DOTHAN, Alabama — Gateway Tire announced plans today to invest $9 million to expand its distribution hub in Dothan through a growth project that will create 30 jobs at the Houston County facility. The project will add 100,000 square feet to Gateway Tire’s existing 200,000-square-foot warehouse, built in Westgate Industrial Park beginning in 2017. The…
Commerce teams for updated primer on starting a small business in Alabama
The Alabama Department of Commerce’s Office of Small Business Advocacy and the Alabama Small Business Development Center Network (ASBDC) today announced the publication of “Alabama’s Answers: Starting Your Business in Alabama,” a comprehensive primer for starting a small business in Alabama. This partnership publication’s 16th edition is an invaluable resource for entrepreneurs, with a focus on…
Alabama delegation to strengthen ties with Canada at SEUS-CP Alliance Conference
Commerce Secretary Greg Canfield will lead an Alabama delegation to Savannah, Georgia, for the Southeastern United States-Canadian Provinces Alliance Conference, a high-level gathering that reinforces common economic ties, expands commercial opportunities and broadens cultural exchange. SEUS-CP, as the event is known, runs Sunday through Tuesday and features networking opportunities, business-to-business meetings and panel discussions on…
Study: Boeing’s Alabama economic impact reaches $2.7 billion
HUNTSVILLE, Alabama — Boeing contributes more than $2.7 billion each year to Alabama’s economy, along with 9,402 jobs in its sprawling operations and support network, according to a new study issued this week. The global space and defense manufacturer, which is marking its 60th year in the state, conducts a wide range of business activities in…
Dothan officials launch project to build expandable spec building
DOTHAN, Alabama — Officials in Dothan have formally kicked off a project to build a 100,000-square-foot speculative building in the Sam Houston Industrial Park to better prepare the Southeast Alabama city for industrial prospects. The building will be located on a 41-acre site called Lot 3 in the platted industrial park at 102 Austin Court.…
Alabama earns ‘Silver Shovel’ Award for 2021 economic development
Governor Kay Ivey announced today that Area Development, a national business publication, has selected Alabama for a Silver Shovel Award, recognizing the state’s economic development successes in 2021. The honor reflects strong recruitment results for the Alabama team, with companies announcing new facilities and expansion projects involving $7.7 billion in new capital investment during 2021.…
