Alabama claims Gold Shovel Award for economic development efforts
MONTGOMERY, Alabama — Governor Kay Ivey announced today that Area Development, a national business publication, has selected Alabama for its Gold Shovel Award, recognizing the state’s economic development success in 2018. The honor follows a record year for Alabama, with companies announcing new facilities and expansion projects involving $8.7 billion in new capital investment. The…
Mazda Toyota Manufacturing embraces Alabama hometown’s space roots
HUNTSVILLE, Alabama – Mazda Toyota Manufacturing USA is taking a cue from its Alabama hometown’s leadership role in the nation’s space program by naming its two assembly lines “Apollo” and “Discovery.” “Thanks to our team members’ creativity and innovative thinking, Mazda Toyota Manufacturing is proud to name our two future assembly lines Apollo and Discovery…
Alabama team targets international connections at SelectUSA Investment Summit
Alabama is home to a diverse lineup of international companies, and the state’s business recruiters are looking to expand those ranks. The economic development team is in Washington D.C. at the 2019 SelectUSA Investment Summit, which starts today and is the premier foreign direct investment (FDI) event in the U.S. FDI is a significant part…
Alabama delegation travels to Montréal for SEUS-CP Alliance conference
Commerce Secretary Greg Canfield will lead an Alabama delegation to Montréal for the 12th edition of the Southeastern United States-Canadian Provinces Alliance Conference, an annual gathering that showcases common economic ties and a strong trade relationship. SEUS-CP, as the conference is known, runs Sunday through Tuesday in the Québec’s largest city. The event, whose theme…
$125 million solar project heading to rural Montgomery County
MONTGOMERY, Alabama – A utility-scale solar project, developed with a $125 million investment, is planned for rural Montgomery County, the project’s partners announced today. The project from Alabama Municipal Electric Authority (AMEA) and Lightsource BP will be one of the largest solar arrays in Alabama when it reaches completion in 2021, deploying over 350,000 solar panels…
Alabama team launches bio-focused trade mission to Ireland, U.K.
DUBLIN, Ireland – Business leaders and trade specialists from across Alabama are getting an up-close look at the bioscience sector in Ireland and the United Kingdom during a trade mission that seeks to spark new opportunities for nearly a dozen Alabama firms. The Alabama delegation began its mission in Dublin today with a briefing from…
Report: Alabama sets new record with $8.7B in investment, 17,000 new jobs
MONTGOMERY, Alabama – Governor Kay Ivey announced today that companies locating new facilities in Alabama or expanding existing operations invested $8.7 billion in growth projects during 2018, establishing a new annual record for the state. These economic development projects, outlined in the comprehensive 2018 New & Expanding Industry Report that’s being released today, will generate…
8 Alabama firms claim 2019 Governor’s Trade Excellence Awards
MONTGOMERY, Alabama — Gov. Kay Ivey today announced the winners of the 2019 Governor’s Trade Excellence Awards, which recognize companies that fuel Alabama’s robust export business and sell their innovative designs and products in markets worldwide. This year’s eight honorees include key players in the critical transportation industry, which has sparked new jobs and investments…
Amid trade friction, Alabama exports approach record total in 2018
Despite global trade tensions, the value of Alabama exports topped $21 billion in 2018 on increased shipments of chemicals, paper products and aerospace parts to overseas markets, figures from the U.S. Commerce Department indicate. Still, U.S. trade disputes with China and other countries that are Alabama’s top export destinations took a toll on shipments from…
Sec. Canfield: ‘Rebuild Alabama’ will solidify economic development gains
Alabama Commerce Secretary Greg Canfield said today that infrastructure improvements financed by Governor Kay Ivey’s “Rebuild Alabama” plan would help the state’s economic development team sustain momentum as it seeks to recruit high-caliber jobs and companies. “I believe we need to focus on infrastructure as a key issue in Alabama at this critical time,” Secretary…
