According to the Mobile Chamber and the company, Austal USA has been awarded a $450 million contract by General Dynamics Electric Boat to expand production capacity at its shipyard in Mobile shipyard in support of the U.S. Navy Submarine Industrial Base (SIB). The contract will enable Austal to expand and enhance its existing infrastructure by […]

7. Caroleene Dobson, the Republican nominee for Alabama’s Second Congressional District, unveiled her first campaign television commercial Friday, focusing on economic issues like high grocery costs and inflation. In the ad, Dobson criticizes Washington insiders for worsening financial burdens and pledges to tackle inflation and reduce cost of living. 6. The University of Alabama has […]

Montgomery’s Old Cloverdale area is about to have fresh appeal thanks to a handful of businesses planning on moving into the neighborhood. Charlie Colvin, President of the Cloverdale-Idlewild Neighborhood Association, offered details to WSFA 12 on the upcoming projects. “They’ll make a combination of new buildings, old buildings,” said Colvin. “They’re going to clean up […]

Corporate Realty, along with its affiliated companies Home Communities and Healthcare Resources, announced a major rebranding to unite all entities under a new name: CR Endeavors. It’s a fitting change, the firm reports, as it continues its evolution from a local real estate firm to a regional development and management leader recognized for innovative, mixed-use […]

Even with all the technology, the latest features on your Regions Mobile Banking app, and all the other services to help you manage and grow your finances more easily, banking is still – at its core – a people business. The people of Regions Bank make the company stand out. The people are the foundation of a company’s reputation. And […]

National Truck Driver Appreciation Week will honor the 3.5 million professional truck drivers across the country from September 15-21. The week is meant to recognize and honor individuals in the trucking industry for their invaluable efforts in keeping the nation’s supply chain functioning. The Alabama Trucking Association is highlighting the dedication, skill, and perseverance of those […]

Goldman Sachs is expanding its $100 million investment initiative for rural communities, the 10,000 Small Businesses program, to Alabama. At an event last week at Innovation Depot in Birmingham, firm executives alongside U.S. Senator Katie Britt and U.S. Rep. Terri Sewell celebrated the program’s launch — and what it will mean for small business owners […]

Alabama’s commercial construction industry contributed $17.2 billion to the state’s economy in 2021, supported 200,000 full-time jobs and generated over $600 million in state taxes, according to a newly released study. The sector, which now accounts for 6.7% of Alabama’s GDP, saw a nearly 97% increase in total output between 2015 and 2021. In 2021 […]

The Alabama Department of Commerce and Builders Supply Co. announced today that the family-owned company plans to invest $10.6 million in a new manufacturing facility in Fort Payne, creating 10 new full-time jobs. With this growth project, Builders Supply will expand its third-generation operations in Fort Payne with a new 23,000-square-foot concrete block manufacturing facility […]

In a move to connect data centers in two of Alabama’s largest cities, Uniti Fiber announced plans to build a new 200-mile-long fiber network spanning from Montgomery to Mobile. The project is being funded through a new 20-year contract award from a strategic hyper-scale customer in Alabama. “We are humbled to have earned the continued […]

Huntsville’s economy – and, therefore, much of North Alabama – has long been tied to federal government institutions, especially major facilities of the US Army, NASA, and most recently the FBI. Those are wonderful assets for the region that should always be highly prized, but North Alabama must also pursue other avenues for job growth, […]

Site Selection magazine has once again honored Alabama Power as a Top Utility in Economic Development, recognizing the company’s diverse and extensive economic development efforts. In 2023, Alabama Power’s economic development team was directly involved in projects that created 1,832 new jobs and attracting an estimated $1.7 billion in new and expanded capital investment. “Alabama Power continues to […]

Southeast Gas, a natural gas utility based in Andalusia, was named one of the top 20 utilities in the country by Site Selection Magazine in their annual top utilities issue. The company, which serves over 32,000 customers across 19 counties in the Southeast, reports they have contributed to over $2 billion in economic development and […]

The League of Southeastern Credit Unions & Affiliates (LSCU & Affiliates) and the Virginia Credit Union League (VACUL) signed a letter of intent to form a strategic partnership. The two organizations are in the exploratory phase of a project that will culminate in the creation of an industry-leading force supporting credit unions across the South, […]

In his second year as a Shareholder in Maynard Nexsen’s complex litigation practice group, attorney William Bloom will now serve clients in the firm’s Montgomery office in addition to Birmingham, the firm recently announced. Bloom, who has already established a decorated legal career for himself at a young age, represents clients both public and private […]

Alabama’s leaders have made broadband access a top priority, and together, we have invested significant resources to achieve this goal.  The early efforts of former Senator Clay Scofield and Representative Randall Shedd established the Alabama Digital Expansion Authority. Alabama’s investment in our Broadband Accessibility Grant Program helped us understand the intricacies of identifying truly unserved […]

A new “cutting-edge” storage warehouse facility with an expected $1.2 million economic impact is coming to Port Birmingham. The Birmingham Jefferson County Port Authority (BJCPA) announced the news earlier this week. It marks the first time that the organization has worked in a public-private partnership (P3 Agreement) with Watco, a full-service supply chain solutions company. Once […]

State and industry leaders gathered Monday at the Alabama Mobility and Power (AMP) Center in Tuscaloosa to discuss the center’s work to support Alabama’s automotive industry through research and innovation in the electric vehicle (EV) space. The AMP Center is a world-class research and development hub for creating and sustaining modern mobility and power technologies, […]

As the summer comes to an end, Alabama’s real estate market is showing promising growth – and that growth doesn’t seem to be slowing down anytime soon. According to Alabama REALTORS® July 2024 Alabama Economic and Real Estate Report, home sales reached 6,136 in July, up 0.9% from last year and a significant 13.1% from […]

Brasfield & Gorrie, a Birmingham-based construction company with a monolithic footprint nationwide, announced the culmination of a leadership transition years in the making. Current CEO Jim Gorrie, along with Founder and Chairman Miller Gorrie, will remain actively involved in the leadership of the company. Rob Blalock, now President of Brasfield & Gorrie, will become CEO […]

Camgian was recently awarded a $23 million contract by the U.S. Army to provide counter-unmanned aerial systems for combat use. The duo will work on advanced AI-powered C-UAS capabilities that will strengthen force protection against UAS swarms through coordinated, independent, and dispersed C-UAS platforms.  The company has offices in both Huntsville and Tuscaloosa. “At Camgian, […]

Alabama Lt. Governor Will Ainsworth flexed his Birmingham roots in an address last week to the Birmingham Business Alliance. He overviewed a wealth of legislative accomplishments during the 2024 legislative session and spoke to the opportunities that are being created for the region’s business community and residents. Ainsworth praised the strides Birmingham and Jefferson County […]

A key piece of space flight hardware, manufactured at Alabama’s Marshall Space Flight Center, is on its way to Kennedy Space Center in Florida for the first crewed mission of NASA’s Artemis program. Marshall workers in Huntsville rolled out the launch vehicle stage adapter (LVSA) for Artemis II and loaded it on NASA’s Pegasus barge […]

A new all-electric semi truck will be transporting Honda vehicles from a Lincoln, Alabama plant to a nearby rail hub for shipment to destinations throughout the world. The truck, unveiled by the Virginia Transportation Corporation, will allow officials to collect data and analyze the performance of the vehicle, in turn helping determine its long-term viability. […]