Business — Page 54
Huntsville’s Freedom Real Estate & Capital, LLC is a full service real estate company that offers flexible services tailored to the specific needs of each owner, with multiple contracting methods available. Freedom’s services include brokerage, property management, development, and owner consulting. By utilizing their extensive construction expertise, the team leads owners from project inception to successful completion. […]
Alabama’s unemployment rate for May remained at a record low of 2.2%, the same as April’s rate, and significantly lower than the 2.5% reported in May 2022, Gov. Kay Ivey announced Friday. The 2.2% unemployment rate signifies 51,445 unemployed individuals in the state, slightly down from 51,448 in April and significantly lower than the 57,866 […]
Mobile-based Silver Ships has been awarded a Navy contract worth as much as $48.25 million, the company announced Wednesday. The contract, the largest ever for Silver Ships, specifies the company will build and deliver as many as 246 High-Speed Maneuvering Surface Target custom vessels to the Navy. “Silver Ships is honored to receive this contract,” […]
It appears that Sen. Tommy Tuberville will soon be losing a top member of his staff. William & Jensen, a leading independent law firm based in Washington, D.C., has announced the hiring of Jordan Mills as senior director of government relations. He was the regional director for Tuberville (R-Auburn). “I am thrilled to welcome Jordan […]
Building a relationship among city and counties has paid off for a tri-county area in east Alabama. Wellborn Cabinet is building a $17 million facility in Oxford, the company announced. The plant will be in the Oxford West Industrial Park and is projected to generate close to 400 jobs in the first five years of […]
A small business based in Huntsville has become the latest company in the North Alabama area to receive a multimillion-dollar contract from the U.S. military. Arrow’s Edge, formed from a partnership between Seabrook Solutions of Huntsville and Virginia-based Amentum, was recently awarded a $200 million cost-plus-fixed-fee contract by the Navy. The contract establishes that Arrow’s […]
A partnership among Alabama Power, Spire, and the Birmingham Urban League has produced a regional pre-apprenticeship initiative. The initiative will be part of the Urban Energy Jobs Program, which was formed through a collaborative effort between the National Urban League and the Center for Energy Workforce Development. The goal of launching the program in Birmingham […]
As the author Emily McKay providentially said, “when you’re lucky enough to catch lightning in a bottle, you put the lid on as fast as you can.” The Legislature caught proverbial lightning in a bottle with the passage of the Alabama Credential Quality and Transparency Act (Act 2023-365) sponsored by Rep. Terri Collins and championed […]
Montgomery Whitewater, the nation’s third Olympic-level pumped whitewater park , is defying expectations by still opening on schedule. This is after the company reportedly lost $20 million in hoped-for state funding. The loss of funding occurred after Gov. Kay Ivey allotted $25 million to the Montgomery County Commission to be used for the economic development […]
Two Birmingham-based companies have made the prestigious annual Fortune 500 list. Regions Financial and Vulcan Materials were among the list that featured some of the largest and must successful corporations in the entire country. Regions came in at 483rd on the list, and Vulcan ranked 494th. Regions generated $7.5 billion in revenue during the 2022 […]
FLORENCE — As part of ongoing modernization efforts, Southwire, one of North America’s largest wire and cable producers, announced plans for an expansion of its manufacturing campus in Florence that is expected to increase production capacity by 30% and create approximately 120 jobs. “At Southwire, we’re making a multi-year investment of more than a billion […]
MONTGOMERY — Canada-based Premier Tech officially commissioned a new state-of-the-art U.S. headquarters for its Systems and Automation business group in Montgomery, culminating a $33 million investment project. The 167,000-square-foot Alabama facility will become Premier Tech’s new solution hub for its American clients, allowing for increased reaction time and an enhanced customer experience. Premier Tech’s Systems and […]
Making good on a promise, Gov. Kay Ivey signed legislation Friday to lower the prepaid sales tax burden on hundreds of small businesses in Alabama. In her State of the State Address, Ivey called on lawmakers to adopt this legislation. The bill – House Bill 77 – increases the threshold for submitting estimated monthly sales […]
From the early detection of skin cancer to next-generation energy solutions to financial technology and robotics, Alabama Launchpad has announced finalists for Cycle 2 2023, setting the stage for an entrepreneurial showdown. In August, those 11 handpicked finalists will take the stage in Auburn to compete for a share of $75,000 in startup funding. Alabama […]
At Thursday’s Huntsville/ Madison County Chamber annual Alabama Update, a bit of improvisation was required. Gov. Kay Ivey, who was scheduled to speak, couldn’t attend due to transportation issues. But, stepping into her place on short notice was Bill Poole, finance director for the state of Alabama. Poole began by giving special recognition to the […]
Gov. Kay Ivey gave recognition today to all 12 Alabama metropolitan areas for having among the lowest unemployment rates in the nation. “Alabama continues to reach historic lows, and we aren’t slowing down. With a workforce second to none coupled with carefully crafted economic incentives and nationally low tax rates, our economic momentum continues to […]
A walk through the streets of Old Alabama Town is like a step back in time. However, inside the buildings lining those streets will be technology that is ahead of its time. Uniti Fiber and the Landmarks Foundation have joined to bring 21st century technology to the 19th century Old Alabama Town attraction in downtown […]
Airbnb, a major name in the travel industry, is beginning a summer safety campaign to educate its guests on how to mitigate the risks associated with pools, fires, and carbon monoxide. The company said many of the guests that are booking with them are heading for Alabama and want to stay in locations with pools, […]
Retail giant Walmart announced plans to invest $350 million to add high-tech robotics and automation technologies to its regional distribution center in Cullman. The investment will improve the hub’s productivity, enabling it to double shipments and keep the shelves stocked at the Walmart stores it serves. It will also serve to evolve strenuous, manual jobs into those […]
Bringing his coachspeak into play, Sen. Tommy Tuberville co-sponsored bi-partisan legislation that would disrupt Chinese influence on American industry. The Eliminating Global Market Distortions to Protect American Jobs Act, also known as Leveling the Playing Field 2.0 Act, is also cosponsored with U.S. Sens. Todd Young (R-Ind.) and Sherrod Brown (D-Ohio). “Unfair and unethical Chinese […]
Though medical marijuana is legal in Alabama, marijuana is still a Schedule 1 drug under federal law. This classification makes traditional banking services unavailable to cannabis-related businesses. To help educate would-be business owners, the Alabama Medical Cannabis Association hosted an inaugural Medical Cannabis Banking and Regulatory Symposium. The meeting Tuesday brought together regulators involved in […]
Alabama’s aviation and aerospace industry continues to soar. Hoar Program Management (HPM), a Birmingham-based program management firm, is taking part in the 2023 Paris Air Show and trade fair. The 2023 show will mark almost 10 years of the company’s participation in the event. HPM President Ryan Austin, Vice President of Business Development Jay Daily, […]
Kratos Defense and Security Solutions has been awarded a $46.7 million contract from the Naval Surface Warfare Center Dahlgren Division. The five-year agreement is to test thermal protection systems materials, which are used on space vehicles that re-enter the atmosphere. The work will be done at its Birmingham facility, the company said. “We are honored […]
Alabama businesses now have access to a solution that will help strengthen the local and domestic manufacturing supply chain. The Alabama Technology Network (ATN), the state’s manufacturing extension partnership, announced the launch of CONNEX™ Alabama, a powerful online manufacturer database and connectivity platform provided for Alabama manufacturers. It’s designed to help manufacturers connect, find local and […]

