News
Bayer CropScience plans state-of-the-art herbicide plant near Mobile
MOBILE, Alabama – Alabama continues to be an attractive site for foreign direct investment. The latest proof: Germany’s Bayer CropScience this week announced plans to build a $396 million, state-of-the-art herbicide plant near Mobile. Bayer CropScience said the new facility will help the company meet a goal of doubling production of glufosinate-ammonium herbicide. The plant…
Airbus Alabama hometown parallels German base of aviation giant
MOBILE, Alabama – The hometown of Mobile Brookley Aeroplex, the site of a future Airbus passenger jet production facility, shares a lot in common with another city that has a major Airbus presence – Hamburg, Germany. Both Mobile and the much larger Hamburg are home to bustling port complexes that have long tied the two…
Alabama Launchpad competition seeds startups with funding (with video and gallery)
BIRMINGHAM, Alabama — Over the past seven years, the Economic Development Partnership of Alabama Foundation has awarded more than $1 million to entrepreneurs through Alabama Launchpad, a competition designed to help their promising ideas blossom into full-fledged companies. The competition brings together small teams from across the state to pitch early-stage startups to a panel…
Small Business Administration names top Alabama business person, exporter for 2012
BIRMINGHAM, Alabama – The Small Business Administration Alabama District Office has presented its top business awards and honored banks for noteworthy participation in SBA loan programs. The SBA Alabama District Office presented awards for Small Business Person of the Year and Small Business Exporter of the Year at the Alabama Lenders Conference luncheon at the…
HS Automotive Alabama to invest $12 million in expansion creating 100 jobs
ENTERPRISE, Alabama – Governor Robert Bentley joined officials of HS Automotive Alabama Inc. today to announce that the company will invest $12 million to expand its facility in Enterprise and add 100 new jobs for the area. The company is a Tier I automotive supplier for the Hyundai plant in Montgomery County. HSAA produces weather…
Commerce Secretary Canfield: Alabama primed for economic development success
MONTGOMERY, Alabama — Alabama’s aggressive marketing efforts, combined with its Accelerate Alabama economic development plan, put the state in the driver’s seat for recruiting companies and helping them expand within its borders. In fact, a Wells Fargo senior economist recently said the state is poised for even stronger gains in 2013. Mark Vitner, along with…
AT&T investment in Alabama approaches $1.4 billion over three years
MONTGOMERY, Alabama — Alabama Secretary of Commerce Greg Canfield congratulated AT&T here today as the company announced a nearly $1.4 billion investment in its Alabama wireless and wireline networks from 2010 through 2012. “More and more as we recruit new business and industry to Alabama, wireless connectivity is a major factor,” Canfield said. “AT&T’s $1.4…
Hyundai’s Alabama plant aims for record production output in 2013
MONTGOMERY, Alabama — It was just two short years ago that Hyundai Motor Manufacturing Alabama announced its annual economic impact on Montgomery County and the State of Alabama. That annual economic impact was $1.5 billion in the county and $2.8 billion in the state, and that was for 2010. Since that time, HMMA, which produces the…
Vector Aerospace expanding Alabama helicopter overhaul facility
ANDALUSIA, Alabama — Vector Aerospace is adding more than 75 jobs as it invests $3 million to expand an Andalusia facility that maintains and overhauls helicopters for the U.S. military and other customers. Alabama Gov. Robert Bentley said new aerospace jobs like those being created by Vector “put Alabamians back to work with well-paying jobs.” “Alabama…
Mass production of Acura MDX starts at Honda’s Alabama assembly plant
LINCOLN, Alabama – Honda’s Alabama assembly plant recorded a milestone today with the beginning of mass production of the 2014 Acura MDX – the first time the automaker has made a model from its luxury line at its Southeastern manufacturing base. Alabama Gov. Robert Bentley, who was on hand to celebrate the moment, noted that…