News
Core Scientific bringing high-performance computing operation to Auburn
AUBURN, Alabama — Core Scientific Inc., a leader in providing digital infrastructure for high-performance computing, is expanding into Auburn. The company plans to invest $135 million to establish its operation in the existing AUBix data center on West Samford Avenue, with an expected total investment of $400 million. “Alabama has long been a pro-business state,…
Alabama exports total $26.8 billion in 2024, reaching 194 countries
MONTGOMERY, Alabama — Commerce Secretary Ellen McNair announced today that Alabama companies exported goods and services worth over $26.8 billion in 2024, down slightly from the previous year but still ranking as the second highest annual tally for worldwide shipments from the state. The value of last year’s exports dipped 2% from the previous year’s…
Governor Ivey announces $23.5 million in SEEDS grants to boost Alabama’s economic growth
MONTGOMERY, Alabama — Governor Kay Ivey announced today that the State Industrial Development Authority (SIDA) has approved 29 grants totaling $23.5 million under the Site Evaluation and Economic Development Strategy (SEEDS) program. These grants aim to accelerate the development of industry-ready sites, positioning Alabama to attract transformative economic growth projects. The SEEDS grants will support industrial site development…
Hyundai opens $14 million Care Center as milestone anniversary approaches
MONTGOMERY, Alabama — Hyundai Motor Manufacturing Alabama (HMMA) today celebrated the grand opening of its new Care Center, a $14 million facility designed to enhance the health and well-being of its 4,000 team members. Located at a new central site on the southwest corner of the general assembly building on the HMMA campus, the automaker…
SES LLC strengthens aviation presence in Huntsville with new hangar
HUNTSVILLE, Alabama — Science and Engineering Services LLC (SES LLC), an aviation partner to the U.S. government and more than 30 foreign military partners, marked the official opening of a new 111,000-square-foot facility at Huntsville International Airport as it expands its capabilities. Founded in 1988 and headquartered in Huntsville, SES LLC is a recognized industry…
ArcelorMittal plans $1.2 billion Alabama mill to produce electrical steel
MONTGOMERY, Alabama — Governor Kay Ivey announced today that ArcelorMittal, one of the world’s leading steel producers, will invest $1.2 billion to build an advanced manufacturing facility in Mobile County to produce a specialty electrical steel that’s used in EV motors and other applications. The project will create more than 200 jobs at ArcelorMittal Calvert, which…
Growth Alliance supports Alabama Development Fund to supercharge economic development with no new taxes
MONTGOMERY, Alabama — Commerce Secretary Ellen McNair today announced that the Alabama Growth Alliance, a public-private partnership dedicated to advancing the state’s economic priorities, has endorsed the creation of the Alabama Development Fund to provide a source of sustainable funding for economic development without increasing taxes or cutting existing programs. Secretary McNair said the Alabama Development Fund would allow the…
Diageo North America plans $415 million Alabama manufacturing hub
MONTGOMERY, Alabama — Premium drinks company Diageo North America announced plans today to open a new manufacturing and warehousing facility in Montgomery with 100 jobs as the company moves to build an increasingly resilient and efficient supply network. The 360,000-square-foot facility will have a multi-million case annual production capacity for Diageo’s leading beverage alcohol brands.…
From rockets to EVs: Alabama’s role in shaping the mobility revolution
You may not know it, but Alabama is powering the future of mobility, playing pivotal roles in automotive technology, space exploration, aircraft production and shipbuilding. From assembling electric vehicles (EVs) and rockets to producing world-class passenger jets, Alabama’s industries are shaping the technologies of tomorrow. Consider these highlights: The biggest names in global industry —…
Cyber Strong: Alabama’s innovation ecosystem fuels economic growth
Alabama’s technology sector is rapidly advancing, with significant growth in software services, cybersecurity activity and other fields that show considerable potential for expansion and job creation. In fact, the economic output of Alabama’s tech sector has surged by 50% since 2018 and is projected to reach 5.3% of the state’s total GDP by 2030, basically…