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…
Alabama exports accelerate to $20.6 billion in 2016, breaking record
Alabama exports rose to a record level in 2016, topping $20 billion for the first time on gains from overseas shipments of Alabama-made products such as transportation equipment, chemicals and paper products. Figures from the U.S. Commerce Department show that Alabama exports totaled $20.55 billion last year, an increase of 6.4 percent from 2015’s results.…
Mercedes held keys to start Alabama auto industry boom
TUSCALOOSA, Alabama – In the 20 years since Mercedes-Benz began producing the M-Class SUV in Tuscaloosa County, Alabama’s auto industry has roared to life in communities across the state. Vehicle production has steadily risen to make Alabama one of the Top 5 auto-producing states in the U.S. Last year, for the second year in a…
Lenzing Alabama expansion: $293M investment, 163 jobs
MOBILE, Alabama – Austria-based Lenzing AG announced plans today to invest $293 million to expand production at its Alabama fibers plant, creating 163 new and permanent positions over three years. The Mobile County factory was the first commercial operation in the world to produce and market Lyocell, an eco-friendly, botanic fiber used in clothing and…
BASF to expand capacity at Alabama plant
MCINTOSH, Alabama – German chemical manufacturer BASF plans to spend more than $200 million to boost its worldwide plastic additives business, with a portion of the investment slated for the company’s plant in southwestern Alabama. At the Washington County facility in McIntosh, BASF will expand production capacity in a move that is expected to strengthen…
MöllerTech project shows momentum for rural development (video)
WOODSTOCK, Alabama – Global auto supplier MöllerTech on Tuesday officially launched work on a $46.3 million manufacturing facility near this tiny Bibb County community, a project that will create more than 220 jobs and spur growth in this rural region. MöllerTech’s selection of the Bibb County site also shows that Alabama’s rural areas are now…
