Analysis ranks Alabama among top states for economic momentum amid recovery
Alabama ranks among the top states for economic momentum in a new analysis that evaluates key measurements of economic performance in 2021. State Policy Reports, a Washington, D.C.-based publication, ranked Alabama No. 8 in its Index of State Economic Momentum for the first quarter. The state’s score was 1.31, compared to a national average of…
New logistics projects coming to Mobile, Baldwin counties
LOXLEY, Alabama – To fuel its growth plans in Gulf Coast region, Imperial Dade, a distributor of food service packaging and janitorial supplies, is planning a move into a new 220,000-square-foot logistics hub in Baldwin Count. The $20 million project, announced today, will support the company’s expanding customer base and its continued growth along the…
Economic development report card shows $4.8 billion in 2020 investment
MONTGOMERY — Despite the challenges posed by the coronavirus pandemic, economic development activity across Alabama in 2020 generated close to $5 billion in new capital investment and almost 10,000 job commitments, Governor Kay Ivey announced today. With significant growth projects recorded in key strategic industrial sectors, Governor Ivey said the activity will strengthen the foundations…
Alabama team staging virtual trade mission to Israel in May
The Alabama Department of Commerce and the Export Alabama Alliance will host a virtual trade mission to Israel on May 10-12 in preparation for an in-person trade mission to Tel Aviv and Jerusalem to take place later this year. Alabama companies already exporting to Israel in addition to those looking to get started in this…
Alabama scores in Top 10 in publication’s 2020 economic development rankings
MONTGOMERY, Alabama – Alabama’s ability to overcome the complex challenges posed by the COVID-19 pandemic to economic development earned the state a Top 10 ranking in “Site Selection” magazine’s annual Governor’s Cups analysis. Alabama ranked No. 9 among the states in job-creating economic development projects per capita, a measurement that places smaller states on a…
Ren Seafoods plans processing facility, distribution hub in Mobile
MOBILE, Alabama — Ren Seafoods plans to open a seafood processing facility and distribution hub in Mobile as part of a $12.4 million growth project that will create 54 jobs, according to the Mobile Area Chamber of Commerce. “This project further cements Mobile as a prime location for logistics and warehousing,” said David Rodgers, the…
Alabama exports primed for rebound in 2021 after pandemic challenges
In an unparalleled and unpredictable year of turbulence in global trade, Alabama’s exports of goods and services in 2020 totaled $17.13 billion. Reflecting the declines in export volumes recorded by nearly all states as well as the nation, Alabama’s total exports registered an overall decline of 17.6% in 2020 compared to the prior year, according…
ALDI kicks off construction on $100 million distribution center, regional HQ
LOXLEY, Alabama — Retailer ALDI officially launched construction today on a new regional headquarters and distribution center in Baldwin County that will support the company’s expansion throughout the Gulf Coast region. The project is set to bring approximately $100 million in capital investment, with plans to create more than 200 jobs in Loxley. ALDI announced its…
Biotech firm BioGX to invest $5 million in Alabama growth plans
Birmingham-based molecular diagnostics company BioGX plans to expand its R&D and manufacturing capabilities at a new corporate headquarters location in Shelby County, where it will beef up its workforce. The Birmingham Business Alliance announced today that BioGX has purchased a building on Valleydale Road in Shelby County for the move from its current location at…
5 trends powering Alabama’s economic recovery and growth in 2021
The COVID-19 pandemic threw a monkey wrench in Alabama’s economy last year, interrupting a golden period of substantial growth and casting doubt on whether the momentum could be regained. Fortunately for Alabama, the economic foundation built over the past several years looks resilient. Plus, the economic development pipeline for 2021 continues to flow with high-caliber…
