Made in Alabama: Small Business

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Alabama earns Top 10 rankings in ‘Site Selection’ 2019 Governor’s Cups

foreign investment

MONTGOMERY, Alabama – Alabama’s economic development successes in 2019 earned the state a pair of Top 10 rankings in “Site Selection” magazine’s annual Governor’s Cups analysis. Alabama ranked No. 6 among the states in projects per capita, a measurement that places smaller states on...

Written by Jerry Underwood

Borbet to invest $24 million in Auburn expansion, creating 25 jobs

foreign investment

AUBURN, Alabama – Manufacturer Borbet Alabama announced plans Tuesday to expand its Auburn operation with a $23.9 million project that will create 25 jobs over the next two years. The Germany-based company was founded in 1881 as a family-run business and has become a leading...

Written by Jerry Underwood

Alabama team kicks off SEUS Japan 42 amid rising Japanese investment

foreign investment

Alabama Commerce Secretary Greg Canfield is leading a delegation of state business leaders at an international conference in Savannah, Georgia, that seeks to amplify the longstanding economic and cultural ties between seven Southeastern states and Japan. The 42nd annual joint meeting of the Southeast...

Written by Jerry Underwood

Daikin plans $195 million expansion at Decatur plant with 50 new jobs

foreign investment

DECATUR, Alabama – Daikin America Inc., marking its 25th year of operation in Alabama, plans to invest up to $195 million to add new capabilities at its Decatur production facility. The expansion will result in the addition of 50 new full-time positions over the...

Written by Jerry Underwood

IBM report ranks Alabama No. 1 for jobs from 2018 foreign investment

foreign investment

MONTGOMERY, Alabama -- Governor Kay Ivey announced today that a highly respected survey of international corporate investment decisions from experts at IBM Services names Alabama as the top U.S. state for job creation from foreign investment in 2018. Alabama also scored high rankings in...

Written by Jerry Underwood

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Record year for foreign investment sparks growth in Alabama

foreign investment

With major new growth projects moving forward across Alabama, foreign direct investment continues to play a vital role in the state’s economy, building on a record total of foreign investment approaching $4.2 billion last year. These FDI projects represent major job-creation engines for many...

Written by Jerry Underwood

GD Copper USA to add 40 jobs at Wilcox County manufacturing facility

foreign investment

PINE HILL, Alabama -- GD Copper USA announced plans today to invest $3.5 million in its Alabama precision copper products manufacturing facility and create between 30 and 40 new jobs in Wilcox County. GD Copper USA, which operates a $100 million plant in the...

Written by Jerry Underwood

Amid trade friction, Alabama exports approach record total in 2018

foreign investment

Despite global trade tensions, the value of Alabama exports topped $21 billion in 2018 on increased shipments of chemicals, paper products and aerospace parts to overseas markets, figures from the U.S. Commerce Department indicate. Still, U.S. trade disputes with China and other countries that...

Written by Jerry Underwood

Alabama team seeks stronger bonds at SEUS Japan 41 in Tokyo

foreign investment

Business leaders from across Alabama are participating in an international conference in Tokyo this week that aims to broaden economic and cultural ties between seven Southeastern states and Japan. The 41st annual joint meeting of the Southeast U.S.-Japan and the Japan-Southeast associations, known as...

Written by Jerry Underwood

GE Appliances to create 255 jobs with expansion in Decatur

foreign investment

DECATUR, Alabama – GE Appliances announced plans today to invest $115 million in an expansion of its manufacturing facility in Decatur that will add 255 full-time jobs, bringing the Alabama plant’s total employment to nearly 1,300. “Our announcement today is great news for our...

Written by Jerry Underwood

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