The Harris campaign’s economic plan includes a national law against price gouging and excessive profits in the grocery industry. Are grocery stores gouging consumers and can price controls prevent inflation? Attributing inflation to a sector or corporate greed is dubious. As the great economist Milton Friedman observed, “Inflation is everywhere and always a monetary phenomenon.” […]

Alabama’s rural communities are on the brink of significant economic expansion, fueled by strategic investments and targeted policies designed to create jobs and enhance infrastructure. “To ensure that we expand opportunities everywhere, my administration is committed to helping spark revival and growth in the state’s rural communities,” Governor Kay Ivey said. “While there is much […]

Auto manufacturing has become a key industry in Alabama, vital to its economic success. With multiple manufacturing facilities now operating across the state, the industry is on track to continue its trend of steady growth. One such facility, Montgomery’s Hyundai Motor Manufacturing Alabama, LLC (HMMA), contributes to the progress by supporting over 14,000 direct and […]

Earlier this summer, Alabama Fiber Network, responsible for deploying critical middle-mile infrastructure throughout all 67 counties of the state, announced the selection of its inaugural CEO, Terry Metze. Since then, Mr. Metze has been focused on building out the organization, AFN reports. “I am proud that some of the brightest professionals in the telecommunications industry […]

A group of Alabama business and elected officials visited the South Alabama Mega Site recently where they toured the construction site of the Novelis aluminum recycling and rolling mill. Novelis broke ground on the development in 2022, which marked a major milestone for Baldwin County as a historic economic development win for the state. Currently, […]

A groundbreaking event today in Baldwin County celebrated phase one of a 900-acre industrial development project that will eventually provide 12 million square feet of Class A industrial space to become the largest and closest site to the Port of Mobile. Elected officials and local business leaders shared the excitement today in Loxley as ground […]

U.S. Rep. Robert Aderholt visited Harrison Construction’s Tuscaloosa job site at DCH Regional Medical Center on Monday. Aderholt (R-Haleyville) made the visit as part of the 2024 Associated Builders and Contractors of Alabama Congressional Hard Hat Tour. The tour allows Alabama’s federal delegation to visit active job sites and gain firsthand knowledge of the state’s […]

Forbes released its annual “Best-In-State Employers” for each state, in partnership with market research firm Statista for the year 2024. According to Forbes, more than 160,000 employees working for companies with at least 500 people within the United States were surveyed. Participants were asked how likely they were to recommend their employer on a scale […]

Two HudsonAlpha Faculty investigators have been awarded a 5-year, $3.5 million grant from the National Institutes of Health. With the new funding, scientists Nick Cochran, PhD, Rick Myers, PhD, and Danielle Swaney, PhD, will work to gain a better understanding of dementia, including Alzheimer’s disease and frontotemporal dementia. The two degenerative diseases are characterized by […]

Alabama’s two U.S. Senators, Tommy Tuberville and Katie Britt, are commending the state’s leadership in the forest products industry after a recent study by Jacksonville State University’s Center for Economic Development and Business Research indicated that the industry supports more than 123,000 jobs and contributes $36 billion annually to the state’s economy. “Almost every wood […]

U.S. Rep. Mike Rogers visited a Goodgame Company job site at Associated Metal Cast in Oxford on Wednesday as part of the Associated Builders and Contractors (ABC) of Alabama’s 2024 Congressional Hard Hat Tour. During his tour, Rep. Rogers (R-Saks) spoke with industry leaders and frontline construction workers about the construction industry’s issues. The discussions […]

Airbus has achieved a significant feat after delivering its 500th aircraft assembled on-site at its Mobile manufacturing facility. The corporation first began producing aircraft at the location in 2016. Daryl Taylor, Senior Vice President of Commercial Aircraft Operations for Airbus in the U.S., praised the company’s workers for assembling the plane. “This 500th aircraft milestone […]

Four alumni of Auburn University have recently been elected to the Alabama Business Hall of Fame class of 2024. Rob Burton of Birmingham, Alabama (Building Science ’79); Raymond J. Harbert of Birmingham, Alabama (Business ’82); Thomas A. Harris of Hope Hull, Alabama (Business ‘71); and Thomas H. Lowder of Birmingham, Alabama (Business ‘72) will be among seven […]

U.S. Senator Katie Britt is working hard to make sure that the Port of Mobile is both a vital economic artery for the region and a place of protection for its natural resources. Over the past year to achieve the goal, she has been working in conjunction with the Alabama Port Authority and the U.S. […]

This Wednesday, August 14, Coinbase will partner with Prevail Coffee and Stand with Crypto to host their first-ever gathering in Alabama, featuring a reception and town hall with state policymakers and industry leaders in the cryptocurrency marketplace. The panel of speakers include State Reps. Mike Shaw (R-Hoover) and Phillip Ensler (D-Montgomery) Coinbase’s Senior Manager of […]

Many small businesses in Alabama are still waiting to receive a tax credit that was offered during the COVID-19 pandemic. The IRS admits there is a backlog in processing claims from businesses to receive the Employee Retention Tax Credit (ERC). The tax break was part of the CARES Act and was for eligible businesses and […]

As Alabama Secretary of Commerce Ellen McNair and a task force of economic development professionals develop a comprehensive strategic plan to guide the state’s economic growth into the future, Working for Alabama is quickly materializing in another round of all-star appointments to a key entity, the Alabama Growth Alliance. On Wednesday, Governor Kay Ivey announced […]

Birmingham-Southern College is broadening its search for a buyer for its 192-acre campus by soliciting offers outside the state of Alabama. The shuttered institution announced it is working with a New York-based real estate brokerage to market the sale of the campus, which closed in May. “BSC continues to have productive discussions with prospective buyers […]

A top crop of young farmers walked away victorious during contests at the Alabama Farmers Federation Farm & Land Conference Aug. 3 in Montgomery. Outstanding Young Farm Family Contest Competitors from Talladega and Colbert counties were awarded Outstanding Young Farm Family (OYFF) and Excellence in Agriculture wins, respectively, while four Discussion Meet finalists were announced. […]

In October 2025, Alabama’s workforce development efforts will be led by a newly appointed Secretary of Workforce. Ahead of that, the Alabama Workforce Council and State Workforce Development Board were combined into the newly established Alabama Workforce Board — which Governor Kay Ivey made appointments to today. The activation of industry and business leaders through […]

Imagine living in a society where the government tracks every single purchase you make. From stopping to fill up at a gas station to buying a ticket at a movie theater, every single purchase you make, no matter how big or small, is run through a central government database in order for the transaction to […]

U.S. Rep Mike Rogers (R-Saks) has been named a ‘2024 Hero of Main Street’ by the largest retail trade association, the National Retail Federation. The organization is recognizing business and legislative leaders from across the country for their contributions to the industry. “I am incredibly proud to be named a ‘Hero of Main Street’ for […]

Norfolk Southern announced it will invest over $200 million to expand capacity on a crucial rail line in Alabama, the 3B Corridor. The line connects markets in northern and central Alabama to the Port of Mobile and destinations worldwide. It serves critical industries such as agriculture, automotive, chemicals, forestry, and steel. Expected to be completed […]

As Alabama is taking the second round of applications for up to $30 million in SEEDS funding, officials say the program has “worked exactly like we had hoped” to make land available for industry looking to locate or expand into the state. The Site Evaluation and Economic Development Strategy (SEEDS) Act distributed the first round of $30 million in […]