Governor Ivey signs Alabama Development Fund legislation to power economic growth
MONTGOMERY, Alabama — Governor Kay Ivey today signed into law legislation creating the Alabama Development Fund, a groundbreaking initiative that will provide a sustainable, long-term funding source to power Alabama’s economic development efforts. “Today, we are taking a bold step to secure Alabama’s economic future,” Governor Ivey said. “The Alabama Development Fund will allow us to…
Alabama’s Pursell Agri-Tech teams with Wastech on fertilizer venture in Malaysia
SYLACAUGA, Alabama— In a groundbreaking move, Alabama-based Pursell Agri-Tech is teaming with Wastech Group, an integrated agricultural and landscaping solutions provider based in Southeast Asia, to establish a state-of-the-art facility in Malaysia dedicated to the production of advanced controlled release fertilizers. This partnership will combine Wastech’s expertise in agricultural solutions with Pursell’s cutting-edge coating technology to create…
SEEDS grant fuels expansion of Auburn Technology Park West
AUBURN, Alabama — A SEEDS grant totaling $2.85 million will help the City of Auburn expand Auburn Technology Park West, enhancing the East Alabama city’s attractiveness for new business and investment projects. The grant is funded through the Site Evaluation and Economic Development Strategy (SEEDS) Act, a program launched in 2024 that supports the development of…
Alabama’s economic growth continues with $7 billion in new investment from 2024 projects
MONTGOMERY, Alabama — Governor Kay Ivey today announced the release of the “2024 New & Expanding Industry Announcements Report,” highlighting another banner year for Alabama’s economy. The report reveals that economic development efforts last year secured $7 billion in new capital investment across 224 projects, generating more than 8,500 career opportunities for Alabamians. Governor Ivey…
Core Scientific bringing high-performance computing operation to Auburn
AUBURN, Alabama — Core Scientific Inc., a leader in providing digital infrastructure for high-performance computing, is expanding into Auburn. The company plans to invest $135 million to establish its operation in the existing AUBix data center on West Samford Avenue, with an expected total investment of $400 million. “Alabama has long been a pro-business state,…
Alabama exports total $26.8 billion in 2024, reaching 194 countries
MONTGOMERY, Alabama — Commerce Secretary Ellen McNair announced today that Alabama companies exported goods and services worth over $26.8 billion in 2024, down slightly from the previous year but still ranking as the second highest annual tally for worldwide shipments from the state. The value of last year’s exports dipped 2% from the previous year’s…
Governor Ivey announces $23.5 million in SEEDS grants to boost Alabama’s economic growth
MONTGOMERY, Alabama — Governor Kay Ivey announced today that the State Industrial Development Authority (SIDA) has approved 29 grants totaling $23.5 million under the Site Evaluation and Economic Development Strategy (SEEDS) program. These grants aim to accelerate the development of industry-ready sites, positioning Alabama to attract transformative economic growth projects. The SEEDS grants will support industrial site development…
Growth Alliance supports Alabama Development Fund to supercharge economic development with no new taxes
MONTGOMERY, Alabama — Commerce Secretary Ellen McNair today announced that the Alabama Growth Alliance, a public-private partnership dedicated to advancing the state’s economic priorities, has endorsed the creation of the Alabama Development Fund to provide a source of sustainable funding for economic development without increasing taxes or cutting existing programs. Secretary McNair said the Alabama Development Fund would allow the…
2 Montgomery sites earn Gold Level designations from CSX Select Site program
MONTGOMERY, Alabama — Montgomery has earned two prestigious Gold Level designations from the CSX Select Site program, a recognition that sets the city apart as the only location across CSX’s 25-state network to achieve dual gold certification. The CSX Select Site program evaluates industrial sites based on rigorous standards of readiness and operational efficiency. These…
8 Alabama-made holiday gifts that celebrate local craftsmanship
You already know that all kinds of great products are made in workshops, factories, studios and kitchens across Alabama. Even better, many of them make perfect gifts for the special ones on your holiday shopping list. Our 2024 Holiday Gift Guide highlights the creativity of Alabama companies, artisans, entrepreneurs and others producing one-of-a-kind items ideal…
