Business — Page 51

A team of students from the University of Alabama will compete in a premier national competition to design, build, test and integrate an advanced battery pack into a commercial electric vehicle. UA is one of 12 North American universities selected for the Battery Workforce Challenge collegiate competition. It is managed by Argonne National Laboratory for […]

The Nucor steel plate mill in Tuscaloosa will undergo a $280 million modernization, the company announced Friday. The investment will enable Nucor Steel Tuscaloosa to strengthen its ability to serve key market segments that are part of the overall Plate Mill Group strategy, Nucor said in a news release. “We continuously invest in our teammates […]

The Public Affairs Research Council of Alabama (PARCA) is a nonpartisan research organization focused on helping state and community leaders make better-informed public policy decisions. After several years of consecutive growth, a new analysis of state tax revenues predicts the era of big budget increases may be coming to an end. The Public Affairs Research Council of […]

Boeing held a ceremonial groundbreaking Monday for a $100 million plant expansion expected to increase production for a Patriot missile system component by some 30%. The Patriot Missile system uses sophisticated technology to shoots down rockets, aircraft, and enemy incoming missiles. The Boeing-built Patriot Advanced Capability (PAC-3) seeker provides guidance data to the PAC-3 interceptor […]

Alabama Power offering home repair services

Alabama Power announced Tuesday that it is now broadening the services it offers to include a home repair service program. The new program, according to the energy company, will be provided by HomeServe, a leading provider of home service solutions.

Year by year, Mobile is increasingly recognized for its dominance as a business and manufacturing hub supporting not only Alabama — but the global economy as a whole. Gener8tor, a global venture firm and startup accelerator, announced a partnership with Innovation Portal, supported by the Innovate Alabama tax credit, to create the gBETA Gulf Coast […]

Build Up Birmingham wins housing solution competition

WASHINGTON — Build Up Birmingham is the winner of the 2023 Housing Affordability Breakthrough Challenge. The unique workforce development high school combines academics with paid construction and real estate internships with opportunities for students to become homeowners and build generational wealth. Build Up Birmingham competed in the Housing Affordability Breakthrough Challenge, sponsored by The Wells Fargo […]

Nominate a 2024 Woman of Impact

Nominate a powerful woman from Alabama to be considered for the 2024 Women of Impact list.

Lockheed Martin opened a $16.5M engineering facility at its Huntsville campus Tuesday, introducing more capabilities for missile defense innovation in Alabama. The 25,000 square-foot Missile System Integration Lab is where Lockheed Martin plans to conduct development, testing, and system integration for the nation’s next long range ballistic missile defense interceptor – the Next Generation Interceptor for the […]

Fiber Utility Network now the Alabama Fiber Network

Fiber Utility Network Inc.(FUN), a coalition of eight electric co-ops, their subsidiaries, and partners, announced some big news for the group Tuesday. In an effort to more accurately reflect its role in the expansion of middle mile broadband throughout the state, FUN will now be known as the Alabama Fiber Network (AFN).

In good news for plant employees, Hyundai Motors has announced that it is instituting a new, more competitive wage structure for workers at its Montgomery Hyundai Motor Manufacturing Alabama (HMMA) plant.

In an attempt to boost the U.S. Department of Agriculture's data reporting accuracy and to also assist producers within the industry, Rep. Barry Moore (AL-02) has introduced legislation that would create a commission that in his words would serve to 'modernize' the National Agricultural Statistics Service (NASS).

In a major move for both companies, Mercedes-Benz HPC NA, has announced that it has formed a strategic partnership with Buc-ees, a company renowned for owning some of the world's most beloved-travel centers.

A first-in-the-nation tax policy will go into effect on January 1, 2024 that eliminates the state’s 5% portion of taxes collected on overtime work. All full-time, hourly workers working more than 40 hours per week are eligible. Alabamians working the hardest will keep more of their paycheck, State Rep. Anthony Daniels (D-Huntsville) told lawmakers when […]

Two notable state organizations have announced that they have banded together to begin a new initiative that both hope will draw additional biotech firms into Alabama and also help to expand the already existing start up companies in the state.

In big business news for the state, Alabama ONE Credit Union has announced that it has gained approval to complete the acquisition of the First Bank of Wadley's assets and deposits.

The Alabama Grocers Association, representing more than 100 retail members operating over 750 stores statewide, honored industry champions last week in Birmingham. Lieutenant Governor Will Ainsworth headlined the event as guest speaker after his successful legislative effort to cut the state’s grocery tax. More than 120 people attended the event to celebrate the hardworking food, […]

Baldwin County business and industry leaders convened for the Coastal Alabama Business Chamber’s First Friday Forum late last week at the Orange Beach Event Center. The gathering, sponsored by Gulf Shores & Orange Beach Tourism (GSOBT), focused on the economic impact that visitors have on the region, specifically through the end of the year's summer season.

Governor Kay Ivey has announced that she has awarded three grants to three separate cities in order to fund new electric vehicle charging stations within their limits. The grants are worth close to a cumulative total of $1 million.

Manufacture Alabama, the only trade association in the state dedicated exclusively to the full array of regulatory, operational and competitive interests of manufacturers, announced they elevated Jon Barganier to the top leadership spot as President and CEO.  He’ll take over for George Clark, who founded the organization in 1996. Clark served as President of the […]

Electric vehicles batteries will find a second life in EV charging stations under a project led by the University of Alabama. With $4 million in support from the United States Department of Energy, UA is partnering with Alabama Power and Mercedes-Benz U.S. International Inc. to develop and demonstrate ways to use older EV batteries, extending […]

Auburn University's own David Pelham has officially been named to the Board of Trustees for the Tennessee Valley Corridor(TVC), the organization announced recently. Pelham spoke about his new appointment to 35 member board.

The Alabama Community College System (ACCS) marked a major milestone in its mission to prepare Alabamians of all ages for the workforce with real skills, real training and real credentials. This week, ACCS opened the doors to the Innovation Center headquarters in Decatur on the heels of the announcement they’ve enrolled 7,700 Alabamians in the […]

The Poarch Band of Creek Indians has been making a concerted effort recently to expand not only its reservation's high speed internet, but also that of the surrounding communities.