News
Governor Ivey backs active economic development projects after review
MONTGOMERY, Alabama – Alabama Governor Kay Ivey expressed broad commitment to advancing the state’s economic development pipeline after a meeting Tuesday with Greg Canfield, Secretary of the Alabama Department of Commerce. Following an extensive review of all active projects involving offers from the state with Secretary Canfield, Governor Ivey gave her approval to potential new-facility…
Birmingham region scorecard: 2,000 new jobs from 2016 projects
The Birmingham Business Alliance said today that economic development activity in its seven-county region generated more than 2,000 jobs and nearly $587 million in new capital investment during 2016. At a breakfast meeting today, BBA leaders also outlined their strategy of harnessing the Birmingham area’s extensive research and technology capabilities to spur growth and create…
Aerojet Rocketdyne to build AR1 rocket engine, add 800 Alabama jobs in expansion
Aerojet Rocketdyne announced plans today to expand its presence in Huntsville with a new state-of-the-art manufacturing facility for the company’s AR1 rocket engine and the relocation of engineering, program management and other jobs. Altogether, Aerojet Rocketdyne’s overall growth plans for Huntsville calls for the California-based company to add 800 jobs to support the U.S. space…
New Millbrook Business Park set to open in Elmore County
MILLBROOK, Alabama – Economic development efforts in one of Alabama’s fastest-growing cities are poised to get a boost from the opening of a new 90-acre business park just off Interstate 65 in Elmore County. A groundbreaking ceremony for the Millbrook Business Park at 2800 Grandview Road is set for 2 p.m. today. Partners on the…
Alabama-Germany partnership shows new strength after decades of growth
German companies have invested $8.4 billion and created nearly 15,500 jobs in Alabama over the past two decades, and the prosperous relationship is poised to grow even stronger. State exports to the European nation are on the rise, and at the same time, Germany’s foreign direct investment in Alabama remains strong. There are also new…
Alabama exports surging in unexpected corners of the world
MONTGOMERY, Alabama – It’s clear that 2016 was a stellar year for Alabama exports, with rising shipments in a number of markets worldwide, signaling even more optimism for the future. The top five destinations for state goods and services – Canada, China, Germany, Mexico and the United Kingdom – remained relatively unchanged from 2015 and…
Leonardo plans to produce advanced Air Force trainer in Tuskegee
TUSKEGEE, Alabama — Governor Robert Bentley announced today that Leonardo, a global aerospace and defense firm, will create 750 jobs at an advanced assembly center at Tuskegee’s Moton Field if the company’s T-100 jet trainer wins a U.S. Air Force competition for a next-generation training aircraft. Governor Bentley, Tuskegee University officials, Tuskegee Mayor Tony Haygood…
Walmart to invest $135M in Alabama import distribution center
MOBILE, Alabama – Retail giant Walmart Stores Inc. plans to invest at least $135 million to open a massive import distribution facility in Mobile County, creating 550 jobs and providing a major boost to the Port of Mobile. Walmart’s new 2.5 million-square-foot facility will service about 800 stores with products primarily shipped through the Alabama…
Honda Alabama expansion project launches with $85M first phase
LINCOLN, Alabama — Honda continues to build on its massive investment in Alabama and today announced a plan to spend an additional $85 million at its Talladega County auto manufacturing plant. The money will be used for the first of a multi-phase project to improve vehicle manufacturing flexibility, strengthen logistics efficiency for future models, and…
Continental Motors to build new Alabama manufacturing center
MOBILE, Alabama – Continental Motors Group, a global maker of piston aircraft engines, announced plans today to build a state-of-the-art manufacturing facility and corporate office at the Mobile Aeroplex as part of a three-year strategic growth plan. Continental Motors officials announced the plans for the new 225,000-square-foot facility, which will centralize the company’s operations scattered…