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…
Port of Huntsville gets lift from SEEDS site development grant
HUNTSVILLE, Alabama —The Port of Huntsville is receiving a $650,000 Alabama economic development grant designed to boost site development for big industrial projects located across the state. The SEEDS, or Site Evaluation and Economic Development Strategy, program will provide North Alabama’s inland port with funding to grade greenfield land and hook up to city utilities.…
Dothan Warehouse launching $5.2 million growth project creating 50 jobs
DOTHAN, Alabama — Dothan Warehouse announced today that it plans a $5.2 million expansion project that will add 120,000 square feet of temperature-controlled storage space while creating 50 jobs at the company’s Houston County facility. The project will provide 40,000 square feet of space to store products needing temperature levels at 35 degrees and 80,0000…
SEEDS grant adds fuel to growth plans at Oxford industrial site
OXFORD, Alabama — Calhoun County’s efforts to accelerate economic development received a major boost this week as the Alabama Department of Commerce formally presented the Calhoun County Economic Development Council with an $858,000 SEEDS grant. This funding underscores Alabama’s commitment to advancing industrial site readiness through the state’s forward-thinking Site Evaluation and Economic Development Strategy…
