Alabama’s 2022 projects to inject record $10.1 billion in new investment
MONTGOMERY, Alabama — Economic development activity in Alabama generated $10.1 billion in new capital investment during 2022, a new annual record and another indicator of strength in the state’s economy. Governor Kay Ivey announced today that the 2022 Alabama Economic Development Impact Report, compiled by the Alabama Department of Commerce, shows that investment tied to…
Germany trade mission offers new possibilities for Alabama firms
Team Alabama’s first overseas trade mission in over three years successfully connected a diverse group of growth-minded state companies with counterparts in Germany, potentially setting the stage for new opportunities and partnerships. Greg Canfield, Secretary of the Alabama Department of Commerce, said the five Alabama companies on the mission operate in fields including the life…
Commerce to lead Alabama trade mission to German business hub
MONTGOMERY, Alabama — Commerce Secretary Greg Canfield is leading a delegation of Alabama business leaders on a trade mission to Germany this week, resuming the strategic trips to overseas commercial hubs that have helped state-based companies explore new markets and partnership opportunities. The journey to Munich and nearby Augsburg is the Alabama Department of Commerce’s…
German state celebrates ties to Commerce with partnership award
An organization promoting economic ties to the German state of Niedersachsen recognized the Alabama Department of Commerce as its “Outstanding Economic Development Partner of the Year” at an international trade show in Chicago. The award from Invest in Niedersachsen reflects Commerce’s strategic efforts to build close relationships with companies and business organizations throughout Europe but…
Alabama delegation to strengthen ties with Canada at SEUS-CP Alliance Conference
Commerce Secretary Greg Canfield will lead an Alabama delegation to Savannah, Georgia, for the Southeastern United States-Canadian Provinces Alliance Conference, a high-level gathering that reinforces common economic ties, expands commercial opportunities and broadens cultural exchange. SEUS-CP, as the event is known, runs Sunday through Tuesday and features networking opportunities, business-to-business meetings and panel discussions on…
Virtual SEUS-Japan meeting focuses on strong ties, growth potential
The robust economic and cultural ties between the U.S. Southeast and Japan are on full display in a virtual meeting of organizations dedicated to strengthening the long-standing relationship between seven Southern states and the Asian nation. The 43rd joint meeting of the Southeast U.S.-Japan and Japan-U.S. Southeast Associations had been set for October 2021 in…
Alabama firms sign pact to team on projects in South America’s Guyana
MOBILE, Alabama – Leaders of Myer Marine Services and Hargrove Engineers + Constructors, both based in Mobile, have signed a pact with a firm in Guyana that aims to accelerate the growth of oil and gas sector in the South American nation. The memorandum of understanding between the Alabama companies Georgetown, Guyana-based GAICO Construction was…
Alabama team staging virtual trade mission to Israel in May
The Alabama Department of Commerce and the Export Alabama Alliance will host a virtual trade mission to Israel on May 10-12 in preparation for an in-person trade mission to Tel Aviv and Jerusalem to take place later this year. Alabama companies already exporting to Israel in addition to those looking to get started in this…
Alabama business climate rates near top in ‘Site Selection’ rankings
Alabama’s business climate ranked near the top of the states in a comprehensive analysis released today by “Site Selection,” a national publication that focuses on economic development. In the magazine’s 2020 analysis, Alabama ranked No. 7, tied with Arizona, and up two spots from the previous year. Georgia and North Carolina share the top spot,…
Alabama business leaders meet with Ambassador Lighthizer, key trade official
VANCE, Alabama – Governor Kay Ivey and a group of Alabama industrial leaders on Friday hosted Ambassador Robert Lighthizer, the U.S. Trade Representative, at the Mercedes-Benz manufacturing complex for a high-level discussion on the Trump Administration’s trade and economic growth policies. Ambassador Lighthizer shared details about the Administration’s trade goals and heard from the Alabama…
