News
5 Alabama companies claim ‘Trade Excellence Awards’ for export success
MONTGOMERY, Alabama — Governor Kay Ivey today honored five Alabama companies for their accomplishments in selling products in markets around the world and contributing to the robust exporting activities that are sparking economic growth at home. Governor Ivey presented leaders of the companies with a 2024 Governor’s Trade Excellence Award at a ceremony this morning…
Raytheon kicks off $115 million expansion at Alabama missile factory
HUNTSVILLE, Alabama — Raytheon on Tuesday officially launched a $115 million expansion of its Redstone Raytheon Missile Integration Facility, which will increase the factory’s space for integrating and delivering on critical defense programs by more than 50%. The 26,000 square-foot expansion project will also bring an estimated 185 new jobs to Huntsville site, growing the employee…
Team developing new strategic economic growth plan selects research allies
MONTGOMERY, Alabama — Governor Kay Ivey announced today that a consulting firm and two Alabama universities have been selected to assist in the creation of a new strategic economic growth plan that will guide the state into the next decade and beyond. The organizations will gather comprehensive data to help a small team led by…
LIFT Academy flight training program heading to Tuskegee’s Moton Field
TUSKEGEE, Alabama — Governor Kay Ivey announced today that Republic Airways Holdings and its Leadership in Flight Training (LIFT) Academy plan to develop an advanced flight training program in Tuskegee that will prepare the next generation of aspiring pilots for high-paying career opportunities in the airline industry. LIFT is teaming with Tuskegee University and the…
OMCO Solar plans Huntsville manufacturing facility with 70 jobs
HUNTSVILLE, Alabama — Commerce Secretary Ellen McNair announced today that Phoenix, Arizona-based OMCO Solar, one of the nation’s largest manufacturers of steel structures for solar panels, plans to invest over $10 million into its second production facility in Alabama, creating 70 full-time jobs in Limestone County. OMCO is leasing Building 100 in the Huntsville West…
Rural Monroe County getting economic boost from 3 growth projects
MONROEVILLE, Alabama — Three companies have launched growth projects in Monroe County, creating as many as 30 jobs while also pumping at least $7 million in new investment into the Southwest Alabama county’s economy. The Monroeville-Monroe County Economic Development Authority (MMCEDA) said the investment figure has the potential to grow in the future, intensifying the…
Montgomery Whitewater takes center stage as new development strategies take shape
MONTGOMERY, Alabama — Commerce Secretary Ellen McNair joined a team from Innovate Alabama today for a tour of Montgomery Whitewater, a world-class recreational facility that’s now hosting Olympic athletes, as Alabama business development leaders consider new approaches to spark economic growth. McNair, who is spearheading the creation of a new state economic development strategic plan,…
Two Rivers Lumber plans $115 million sawmill project in Coosa County
MONTGOMERY, Alabama — Governor Kay Ivey announced today that Two Rivers Lumber Co. LLC plans to invest $115 million to build a state-of-the-art sawmill in Coosa County as the company’s second operation in Alabama. Demopolis-based Two Rivers Lumber has committed to creating 130 jobs at the new Alabama sawmill, which will specialize in the production…
Alabama trade mission targets connections at FIDAE air show in Chile
SANTIAGO, Chile — An Alabama delegation including five companies is in Chile’s capital city for this week’s International Air and Space Fair, or FIDAE, seeking to develop business connections at South America’s foremost aerospace exposition. The Alabama Department of Commerce is heading the trade mission delegation to Santiago and hosting a “Made in Alabama” exhibition…
Alabama claims No. 1 spot among auto-exporting states for first time
Alabama has become the nation’s No. 1 auto-exporting state, with international vehicle shipments surging past $11.2 billion in 2023 to overtake long-time leader South Carolina, according to new trade data. Alabama’s auto exports have climbed 45% in value since 2021, when they totaled $7.7 billion, according to figures from the Alabama Department of Commerce. “Alabama’s…