Alabama team targets aerospace growth opportunities at Farnborough Airshow
An Alabama delegation that includes high-ranking state leaders, economic development specialists and community representatives is traveling to London to attend next week’s 2024 Farnborough International Airshow, the aerospace industry’s largest trade event of the year. Deputy Commerce Secretary Angela Till is heading a small working team from the Alabama Department of Commerce that will engage…
Shape Corp. celebrates opening of second Alabama production facility
TANNER, Alabama — Shape Corp., a global Tier 1 automotive supplier, officially opened its second Alabama production facility today after completing a $74 million growth project that will create over 100 jobs in the coming year. Michigan-based Shape, which opened a plant in nearby Athens in 2016, held a ribbon-cutting ceremony this morning at the…
Tech startup CModel Data relocating HQ from San Francisco to Birmingham
BIRMINGHAM, Alabama — Commerce Secretary Ellen McNair announced today that CModel Data Inc., whose proprietary software helps businesses operate more efficiently, is relocating its headquarters from San Francisco to Birmingham, where it plans to create 80 jobs as it grows its operations. The technology startup developed its AI-powered CORA program to provide insights and recommendations…
Toyota Alabama to expand production with 350 new jobs in Huntsville
Toyota is expanding the production capabilities at its Huntsville engine factory with a $282 million investment while also adding more than 350 new, high-quality jobs with long-term stability, according to an announcement today by Governor Kay Ivey. The growth project pushes the total investment in Toyota Alabama to more than $1.7 billion and affirms the…
Alabama auto industry’s rapid growth fueled by billions in new investment
For Alabama’s economic future, the pivotal moment came on Sept. 30, 1993, when executives of Mercedes-Benz arrived in Tuscaloosa with an announcement that shocked the global business community. In the months leading to that day, a Mercedes team had explored potential sites in at least 30 states as a home for the automaker’s first U.S.…
Lockheed Martin opens $18 million Alabama engineering center
HUNTSVILLE, Alabama — Defense contractor Lockheed Martin on Thursday marked the opening of the company’s new $18 million engineering facility, labs and demonstration center in Huntsville, reinforcing its already large presence in Alabama. Bethesda, Maryland-based Lockheed Martin said the 122,000-square-foot facility provides space for 500 employees who will advance national security capabilities and drive innovation…
Coca-Cola UNITED to invest $330 million in new Birmingham facility, creating 50 jobs
Governor Kay Ivey announced today that Coca-Cola Bottling Company United Inc. (UNITED) plans to invest an estimated $330 million to construct a new Birmingham Coca-Cola facility in the city’s Kingston community that is expected to create up to 50 new jobs and retain over 750 positions in the Magic City. “For over 120 years, Coca-Cola…
Meta plans to build $800 million, next-generation data center in Montgomery
MONTGOMERY, Alabama — Governor Kay Ivey announced today that technology company Meta Platforms plans to open an $800 million data center in Alabama’s capital city that will support 100 operational jobs and build on the company’s previous investment in the state. Meta’s new 715,000-square-foot, AI-optimized data center will be built off Interstate 65 in Montgomery,…
Raytheon kicks off $115 million expansion at Alabama missile factory
HUNTSVILLE, Alabama — Raytheon on Tuesday officially launched a $115 million expansion of its Redstone Raytheon Missile Integration Facility, which will increase the factory’s space for integrating and delivering on critical defense programs by more than 50%. The 26,000 square-foot expansion project will also bring an estimated 185 new jobs to Huntsville site, growing the employee…
Two Rivers Lumber plans $115 million sawmill project in Coosa County
MONTGOMERY, Alabama — Governor Kay Ivey announced today that Two Rivers Lumber Co. LLC plans to invest $115 million to build a state-of-the-art sawmill in Coosa County as the company’s second operation in Alabama. Demopolis-based Two Rivers Lumber has committed to creating 130 jobs at the new Alabama sawmill, which will specialize in the production…
