Auto supplier Samkee Corp. selects Alabama for its first U.S. plant
MONTGOMERY, Alabama — Governor Kay Ivey announced today that Samkee Corp., a major South Korean automotive supplier, plans to invest $128 million to open its first U.S. factory in Alabama through a project that will create 170 jobs in Tuskegee and provide an economic boost for Macon County. After finalizing agreements with state and local…
Motor vehicles power growth for Alabama’s export machine
Alabama-built vehicles are blazing a trail in the global economy, ranking as the state’s top export product and serving as a brand ambassador that landed in 73 foreign countries in 2021. More than $7.7 billion in Alabama vehicle exports were recorded in 2021, topping the total from pre-pandemic 2019 by over $1 billion, according to…
Honda Alabama launches production of redesigned 2023 Pilot SUV
LINCOLN, Alabama — Honda’s Alabama Auto Plant has notched another major milestone, with the launch of a redesigned Pilot SUV that is already setting records for the automaker. The 2023 Pilot is the largest and most powerful SUV in Honda’s history, and it required significant changes in structure and training at the $3 billion, 4,500-worker…
Great Southern Wood plans $13.7 million Alabama expansion project
MOBILE, Alabama — Great Southern Wood plans to invest $13.7 million in an expansion project at its treatment facility in Mobile County, allowing the company to create 12 jobs and retain 78 current positions, according to the Mobile Chamber. The project will improve the facility’s traffic flow, storage, and its ability to process imports and…
Alabama bioscience sector poised for growth through major investments
Growth projects valued at almost $200 million are now under way in Alabama’s bioscience sector, setting the stage for robust new research funding and the recruitment of additional scientists to conduct cutting-edge projects. The growth spurt will build on new investments announced in 2021 by life science companies in the state that totaled $166 million,…
NASA’s newest rocket, SLS, blasts off with Alabama DNA
NASA’s Space Launch System — the space agency’s most powerful rocket ever — blasted off on its inaugural mission early this morning, thanks to major contributions from scientists, engineers, technicians and other workers in Alabama. Following the successful launch, NASA’s Orion spacecraft is on its way to the Moon as part of the Artemis program.…
Beyond Gravity doubling production of rocket structures in Alabama expansion
DECATUR, Alabama — Switzerland-based Beyond Gravity, a manufacturer of structures for launch vehicles, said Thursday it is adding a new production facility in Decatur to provide additional payload fairings for the United Launch Alliance’s next-generation Alabama-built Vulcan rockets. Beyond Gravity said it is working with ULA to build the new production facility, which will add…
Hyundai Mobis plans Alabama EV battery module plant, creating 400 jobs
MONTGOMERY, Alabama — Governor Kay Ivey joined executives of Hyundai Mobis, one of the world’s largest auto suppliers, today to announce the company’s plans to invest $205 million to open an EV battery module plant in Montgomery that will eventually employ at least 400 people. Once it reaches full production, the 450,000-square-foot facility will be…
HudsonAlpha AgTech Accelerator launches with first start-up class
HUNTSVILLE, Alabama — Five innovative start-up companies make up the inaugural class in the HudsonAlpha AgTech Investment Accelerator, a new initiative from the HudsonAlpha Institute for Biotechnology and the global venture and accelerator firm gener8tor. The 12-week accelerator invests $100,000 in five startups at the forefront of the agricultural technology industry. The Huntsville-based accelerator seeks…
Microsoft taps Randolph County to lead digital skills initiative in Alabama
ROANOKE, Alabama — Microsoft Philanthropies is teaming with the Randolph County Economic Development Authority (RCEDA) on a program that helps job seekers and professionals gain new skills for in-demand roles in the digital economy. The RCEDA received funding from Microsoft Philanthropies to launch the Community Skills Initiative Alabama Region program. A suite of online training…
