Alabama auto sector primed for growth with $1 billion in new investment
Alabama’s auto industry continues to thrive, racking up new jobs and investments in communities across the state. Last year, there were at least 68 auto projects, for an estimated total of 3,848 jobs and $907.1 million in new capital investment, according to an analysis of the 2016 New & Expanding Industry Report. New projects announced…
Bolta marks opening of $49 million Alabama auto parts plant
TUSCALOOSA, Alabama – Global auto parts supplier Bolta Group today announced the opening of its new $48.7 million production facility at the Tuscaloosa County Airport Industrial Park, which will employ 350 people by the end of 2018. State and local officials joined members of Bolta’s global management team at an on-site ceremony today to celebrate…
Tuscaloosa County auto supplier on track to open high-tech facility
VANCE, Alabama — A Spanish auto supplier is moving forward with a $30 million wheel assembly factory in Tuscaloosa County, a project that will create more than 70 jobs. Truck & Wheel Group plans a 127,000-square-foot, highly automated facility in Vance that will assemble, sequence and balance wheels for delivery to automotive production lines. This…
Steyr Arms to add manufacturing at Alabama operation in $2.9M expansion
BIRMINGHAM, Alabama — Steyr Arms announced today it will invest $2.9 million to add a manufacturing component to its Alabama facility, a key assembly and distribution hub for the firearms maker. The project will create up to 10 jobs, according to the Birmingham Business Alliance. The company’s Jefferson County location is its only U.S. subsidiary that…
Recruiters to showcase Alabama craft beer at investment summit
Alabama’s craft beer boom will be showcased next week at a conference that is expected to attract investors from across the globe. State business recruiters will be working the SelectUSA Investment Summit, which promotes foreign direct investment in the U.S. During the summit, held in the Washington D.C. area, they plan to serve several varieties…
Alabama wins Silver Shovel award for economic development
MONTGOMERY, Alabama – Area Development, an economic development-focused publication, awarded Alabama a Silver Shovel for solid business recruitment and support in 2016, keeping alive a winning streak stretching back a decade. In announcing the award, Area Development noted that Alabama’s economic development team continues to build on a proven track record of success. “It’s almost…
Alabama foreign investment tops $1.5 billion in 2016, creating 3,250 jobs
Businesses based in countries around the globe continue to find a welcoming home in Alabama, as the state’s foreign direct investment (FDI) reached $1.57 billion last year, driving job growth in several industries. Expansions accounted for the vast majority of the 79 FDI projects announced by companies in 17 different countries. But there were notable…
Alabama team embarks on Canada trade mission
Alabama Secretary of Commerce Greg Canfield is leading a trade mission to Canada this week that aims to build on already strong ties with the state’s strongest international trade partner. The Alabama trade and business development mission kicks off Wednesday in Montréal, then shifts to Toronto for the 10th annual Southeast U.S.-Canadian Provinces (SEUS-CP) Conference,…
James Hardie to open $220M Alabama building products plant
PRATTVILLE, Alabama – Governor Kay Ivey announced today that James Hardie Building Products plans to invest up to $220 million to open an advanced fiber-cement building products manufacturing plant in Prattville, creating 205 jobs. James Hardie, whose corporate roots go back more than a century, is a leading high-technology manufacturer of numerous types of fiber-cement…
Scorecard: Alabama recruited more than 14,700 jobs in 2016
MONTGOMERY, Alabama — Companies announced plans for more than 14,700 new jobs and nearly $4.2 billion in capital investment in Alabama during 2016, according to an analysis prepared by the Alabama Department of Commerce that chronicles wide-ranging economic development activity across the state last year. The 2016 New & Expanding Industry Report released today by Governor…
