News
Alabama aerospace team marks successful week at Singapore Airshow
CHANGI, Singapore – Alabama’s aerospace industry is poised for additional growth, following a week of successful recruitment efforts at the Singapore Airshow. The Alabama Department of Commerce team held meetings with prospects, took part in presentations on emerging technologies and supported the state’s aerospace and aviation firms that were also participating in the event. It was…
Governor Ivey announces $15.7 million in SEEDS grants, accelerating Alabama’s historic economic momentum
MONTGOMERY, Alabama – Governor Kay Ivey on Friday announced that the State Industrial Development Authority (SIDA) has approved 21 grants totaling $15.7 million under the Site Evaluation and Economic Development Strategy (SEEDS) program. The grant program is designed to strengthen Alabama’s competitiveness in securing large-scale economic development projects by accelerating the development of industry-ready sites.…
Siemens Energy plans 120 new jobs in DeKalb County in U.S. expansion
FORT PAYNE, Alabama – Siemens Energy has announced a $1 billion U.S. expansion plan, which will mean 120 new advanced manufacturing jobs for the company’s operations in Fort Payne. The global energy technology company, based in Germany, will expand production of copper and insulated electrical components for generators at the Alabama facility, which opened in 1988 and…
Alabama looks to grow aerospace industry with strong presence at Singapore Airshow
CHANGI, Singapore – Alabama’s business recruiters aim to build on the success of the state’s flourishing aerospace industry at a major international trade show that kicks off this week. A team from the Alabama Department of Commerce is participating in the Singapore Airshow at Changi Exhibition Centre. This year marks the 10th edition of the biennial event…
Governor Ivey announces record-breaking year for Alabama economic development
MONTGOMERY, Alabama – Governor Kay Ivey announced the release of the 2025 New & Expanding Industry Announcements Report, marking a record year for economic development growth in communities across the state. The Alabama Department of Commerce annual report lists 234 projects last year that combined for a total capital investment of $14.6 billion, the highest…
$3.8 million Growing Alabama grant to help launch new St. Clair County commerce park
SPRINGVILLE, Alabama – A $3.8 million grant awarded through the Growing Alabama program will spur development of a new commerce park in Springville that will be a hub for regional economic growth. The St. Clair County Economic Development Council announced the grant. The City of Springville in partnership with the St. Clair County Commission, the Industrial Development Board…
Shoals area industrial site awarded top designation for development
MONTGOMERY, Alabama – A northwest Alabama industrial site has been recognized as a top location for expanding business and industry. The Norfolk Southern rail-served site, located near Muscle Shoals and Florence, has received a platinum designation from the national REDI Sites Program. This top designation is awarded to select properties that meet rigorous readiness criteria. It signals…
Global chain manufacturer KettenWulf announces new manufacturing operation in Auburn
AUBURN, Alabama – Germany’s KettenWulf plans to invest $34 million in an advanced manufacturing operation in Auburn that will create 70 jobs and serve as the foundation for the company’s future growth in the U.S., Gov. Kay Ivey announced today. Founded in 1925, KettenWulf is a family-owned business that recently marked a century of growth.…
Commerce announces two additions to lead the agency’s Rural Development Division
MONTGOMERY, Alabama – The Alabama Department of Commerce has appointed two economic development professionals to lead the agency’s Rural Development Division. Commerce Secretary Ellen McNair today announced that Carter Thomas and Margaret Henderson will assume their new roles this month. Thomas has been a rural development project manager at Commerce for the past year and…
Korean economic development advisors visit Alabama, tour key sites
MONTGOMERY, Alabama – Representatives for Alabama’s economic development interests in the Republic of Korea visited the state earlier this month as they launch their new assignment. Sean Blakeley and Carol Yelim Choo are leading Alabama’s new foreign business development office in Seoul. The Alabama Department of Commerce announced the office in October, along with a Japan office…