Alabama earns Top 10 rankings in ‘Site Selection’ 2019 Governor’s Cups
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 a more level playing field in the “Site Selection” analysis. The…
Borbet to invest $24 million in Auburn expansion, creating 25 jobs
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 European manufacturer of light metal alloy wheels for the automotive industry.…
Alabama team kicks off SEUS Japan 42 amid rising Japanese 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 U.S.-Japan and the Japan-Southeast associations, known as SEUS Japan 42, officially…
Daikin plans $195 million expansion at Decatur plant with 50 new jobs
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 next few years. Daikin said the expansion project will add polymer…
IBM report ranks Alabama No. 1 for jobs from 2018 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 other metrics related to foreign investment in the 2019 Global Location…
Record year for foreign investment sparks growth in Alabama
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 Alabama communities. Last year, companies from 16 different countries launched projects…
GD Copper USA to add 40 jobs at Wilcox County manufacturing facility
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 Thomasville/West Wilcox Industrial Park, said the new jobs will push total…
Amid trade friction, Alabama exports approach record total in 2018
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 are Alabama’s top export destinations took a toll on shipments from…
Alabama team seeks stronger bonds at SEUS Japan 41 in Tokyo
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 SEUS Japan 41, is taking place in the Japanese capital beginning…
GE Appliances to create 255 jobs with expansion in Decatur
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 business, for our GE Appliances family in Decatur, and for the…
