Firm acquires North Alabama industrial facility, eyes aerospace hub
MUSCLE SHOALS, Alabama — AE Industrial Partners (AEI), a private equity firm specializing in aerospace, national security and industrial services, today announced that its affiliate Rocket Shoals LLC has acquired a sprawling industrial facility in Colbert County with plans to redevelop it as an “aerospace center of excellence.” Boca, Raton, Florida-based AEI acquired the facility…
2023 Made In Alabama Holiday Gift Guide showcases homegrown goods
Shoppers across the state, in growing numbers, are seeking out the talent and creativity of fellow Alabamians when it comes to checking off their holiday gift lists. That’s clear from the success of Alabama Goods, the retailer that opened its first shop in Homewood in 2010. Since then, the business has doubled that Homewood space,…
Gov. Ivey: Alabama’s rural developers making ‘remarkable’ progress
PRATTVILLE, Alabama — Economic developers from rural communities across Alabama were urged Wednesday to keep their winning streak going at the 2023 RurAL Summit sponsored by the Alabama Department of Commerce and held at the Central Alabama Community College. Since 2020, the state’s rural counties have attracted over $4 billion in new capital investment through…
Colclasher Enterprises bringing jobs to Selma with pipe production hub
SELMA, Alabama — Colclasher Enterprises LLC, a plastic pipe manufacturer, officially announced plans to invest $9 million to establish a production facility in Selma’s Craig Industrial Park as part of a project that will create 21 jobs. The Selma & Dallas County Economic Development Authority said Colclasher Enterprises has begun retrofitting an existing building at…
CFD Research launches growth project at Test Center in Jackson County
HOLLYWOOD, Alabama — At a groundbreaking ceremony today, CFD Research Corp. formally kicked off a construction project to add a new facility at its Engineering Test Center in Jackson County that will allow it to expand activities at its growing site there. Huntsville-based CFD Research said the new 19,000-square-foot building at its site in Hollywood…
Rural Alabama’s advantages lure $4 billion in investment projects
With a series of high-impact growth projects now under way, rural Alabama is on a winning streak that is bringing in significant new investment and triggering the creation of thousands of jobs. Consider these developments: And there are many other dynamic developments taking shape in rural Alabama, including the nation’s first graphite processing facility and…
Trendco USA to create 292 jobs at Tuskegee glove manufacturing facility
MONTGOMERY, Alabama — Governor Kay Ivey announced today that Trendco USA plans to invest $43 million to launch a manufacturing operation in a Tuskegee logistics hub where the company will produce nitrile medical gloves to expand domestic supply. Columbia, South Carolina-based Trendco has committed to creating 292 jobs over five years at a facility in…
International investment speeds job growth in Alabama, analysis shows
Job creation tied to international investment in Alabama has been rapidly outpacing the state’s general employment growth rate, according to a report that tracks the impact of foreign direct investment (FDI) across the U.S. The Global Business Alliance analysis says employment in Alabama tied to FDI surged 12% between 2015 and 2020, compared to overall…
Enviva kicks off construction on wood pellet plant in Sumter County
EPES, Alabama — Bethesda, Maryland-based Enviva Inc., the world’s leading producer of sustainably sourced woody biomass, recorded a milestone today with a ceremony to mark the official start of construction on a wood pellet plant in Sumter County. Governor Kay Ivey joined Enviva executives and community leaders at the groundbreaking event this afternoon at the…
Southeast Alabama community looks to give aerospace sector a lift
ANDALUSIA, Alabama — A recent expansion at Covington County’s South Alabama Regional Airport illustrates rural Alabama’s key contributions to the state’s growing aerospace/aviation industry — and reflects a primary economic development focus for the region. A major Australian helicopter firm, McDermott Aviation, and its longtime U.S.-based business partner, Isolair Inc., announced plans to open at…
