News
Latest state SEEDS funding will create new Baldwin County industrial site
FOLEY, Alabama – A new 121-acre industrial park is planned in Baldwin County, thanks in part to a more than $3.3 million state grant. The new development is a collaboration between the City of Foley, the Baldwin Alliance and the state. Local officials were presented with a check for the funding on Monday. The funding will…
Alabama exports reach $23.7 billion in 2025, with shipments to 190 countries
MONTGOMERY, Alabama – May is World Trade Month, and recently released data on Alabama’s exports underscore the importance of global trade to the state’s economy. It also highlights momentum behind efforts to diversify and expand the state’s international reach. Alabama companies exported goods and services worth $23.7 billion in 2025, the Department of Commerce announced…
StoneX’s Birmingham move will create space for nearly 90 new employees
MONTGOMERY, Alabama – Global financial services leader StoneX Group Inc. (NASDAQ: SNEX) announced on Thursday the relocation and expansion of its Birmingham office, a move that will add nearly 90 employees over the next three to five years. “Birmingham has long been a meaningful part of our operational footprint,” said Maribeth Williams, head of Securities…
Governor’s Trade Excellence Awards honor 6 companies for international reach
MONTGOMERY, Alabama – Six Alabama companies that found strong footing in international markets were honored by Governor Kay Ivey on Wednesday with the 2026 Governor’s Trade Excellence Awards. During a ceremony at the state Capitol, Governor Ivey congratulated the companies on their international successes and thanked them for representing the Made in Alabama brand and…
Virginia Transformer plant will bring 1,100 jobs to northwest Alabama
MONTGOMERY, Alabama – Manufacturer Virginia Transformer on Tuesday announced plans for a 600,000-square-foot, state-of-the-art power transformer plant in Muscle Shoals. When complete, the facility will employ 1,100 people. Construction at the Shoals Research Airpark in Colbert County will begin immediately and initial production is expected to begin in January 2028. Virginia Transformer, based in…
Alabama job recruiters target international investments at SelectUSA Summit
The Alabama Department of Commerce broadened this week its mission to showcase the economic opportunities available to foreign businesses in the Yellowhammer State. Commerce and its Made in Alabama brand had its largest presence to date at the annual SelectUSA Investment Summit in National Harbor, Maryland, the highest-profile U.S. event for the promotion of foreign direct investments.…
Continued growth: Blue Origin adding 100 jobs at Huntsville facility
HUNTSVILLE, Alabama – Six years after launching its Alabama facility with an expected 300 employees, aerospace company Blue Origin is again expanding its footprint in Huntsville with a current workforce of more than 1,600. The company recently announced 100 new jobs to support its thruster production at one of its three Rocket City facilities. “Alabama…
Governor Ivey announces more than $20 million in Growing Alabama funding for 10 sites
MONTGOMERY, Alabama – More than $20 million is being awarded to 10 economic development organizations across the state to help ready industrial sites for new investments and high-quality jobs, Governor Kay Ivey announced Tuesday. The awards are part of the Growing Alabama Tax Credit program, which uses private dollars to improve publicly owned sites for…
Southern Classic Food to invest an additional $14.2 million at Pike County facility
BRUNDIDGE, Alabama – Southern Classic Food Group LLC plans to invest an additional $14.2 million at its facility in Pike County, a project that is expected to add 82 jobs over the next two years. The company’s Brundidge operation supports the production of a variety of sauces, dressings and related food products for branded and private-label customers.…
SEEDS grant to fund 110-acre industrial site in rural Covington County
PINE LEVEL, Alabama – Covington County will be home to a new 110-acre industrial site, funded in part by a $440,220 state grant. The space off Alabama Highway 55 is designed to attract industry and in-demand jobs to the southern Alabama county. The funding comes from the state’s Site Evaluation and Economic Development Strategy (SEEDS) program. Created…