News
Investment firm launching aerospace hub in Northwest Alabama
CHEROKEE, Alabama — A new hub of aerospace manufacturing is on the horizon in rural Alabama. AE Industrial Partners is moving forward with its plans to transform a vast industrial facility in Colbert County into a high-tech center of innovation for aerospace and defense companies. The Boca Raton, Florida-based private equity firm, which specializes in…
Growing Alabama funds heading to 7 communities for site development
MONTGOMERY, Alabama — Governor Kay Ivey announced today that the Renewal of Alabama Commission has allocated over $15.5 million in Growing Alabama funding to seven economic development organizations across the state to speed the development of industrial sites. The Growing Alabama program provides a tax credit to eligible taxpayers who make contributions to economic development…
Small Businesses Get Training Boost from Alabama SBDC
TUSCALOOSA, Alabama — With funding from the U.S. Treasury’s State Small Business Credit Initiative, the Alabama Small Business Development Center at The University of Alabama launched the AssistAL program to significantly increase its capacity for technical assistance in the form of advising and training to help business owners get the capital they need. Reauthorized and expanded by…
Airbus marks milestones in project to build new A320 assembly line in Mobile
MOBILE, Alabama — An expansion project that will double the production space at Airbus’ U.S. Manufacturing Facility in Mobile is passing key milestones as it moves forward on schedule for completion next year. Airbus recently held a “topping out” ceremony for a new A320 Final Assembly Line (FAL) that’s under construction as the centerpiece of…
New aerospace investment fuels job growth across Alabama
Alabama’s aerospace industry is attracting new investment and expanding capabilities as companies add hundreds of jobs to produce innovative high-tech products in communities across the state. “Because of Alabama’s long history in aerospace, we readily have the expertise, the talent and the infrastructure companies need to grow,” said Angela Till, Deputy Secretary of the Alabama…
Zekelman to create 91 jobs with Alabama projects valued at $6 million
BIRMINGHAM, Alabama — Commerce Secretary Ellen McNair announced today that Zekelman Industries plans to invest over $6 million to expand steel tube production at its facility in Jefferson County, creating a combined 91 jobs. Chicago-based Zekelman will invest nearly $2.3 million to upgrade the manufacturing capabilities and production capacity at its existing Atlas Tube facility…
DeKalb economic developer Jimmy Durham stepping back after 30 years
FORT PAYNE, Alabama — After three decades of steering economic growth efforts in one of Alabama’s most picturesque counties, Jimmy Durham is stepping down from his position at the DeKalb County Economic Development Authority, triggering a search for a candidate to fill what many consider a dream job opportunity. Durham’s memorable career saw Fort Payne…
Alabama’s aerospace industry thriving as new growth projects take off
Alabama’s robust aerospace industry is soaring to new heights, propelled by groundbreaking projects and innovative investments that continue to add new dimensions to the sector across the state. From the production of next-generation rockets and missiles to the exploration of hypersonic technologies, there’s a lot of head-turning developments going on in the state’s aerospace sector.…
Alabama team targets aerospace growth opportunities at Farnborough Airshow
An Alabama delegation that includes high-ranking state leaders, economic development specialists and community representatives is traveling to London to attend next week’s 2024 Farnborough International Airshow, the aerospace industry’s largest trade event of the year. Deputy Commerce Secretary Angela Till is heading a small working team from the Alabama Department of Commerce that will engage…
Growing Humminbird Alabama plant invests in sustainability
EUFAULA, Alabama — Humminbird, a leading maker of marine electronics products, announced on Thursday a renewable energy project as part of the recent expansion of its Eufaula plant to reduce carbon dioxide emissions over the next 20 years. The project included the installation of a solar array to power part of the Alabama plant’s electricity…