Business — Page 57

Report: International investment speeds job growth in Alabama

Job creation tied to international investment in Alabama has been rapidly outpacing the state’s general employment growth rate,

UA grad makes big bucks from Buc-ee's resale hustle

Legendary convenience and travel chain Buc-ee’s didn’t have an online store for its popular treats. Chris Koerner, a business management graduate from the University of Alabama, decided to change that. It wasn’t his first entrepreneurial move though. Since graduating from the Capstone in 2011, he’s started and sold numerous companies, including one of the first […]

Six to be inducted into Business Hall of Fame

Six executives who have excelled in the world of business and brought positive notoriety to the Yellowhammer State are set to be recognized and inducted into the Alabama Business Hall of Fame. The induction ceremony is scheduled to take place at Haven in Birmingham on November 9.

Alabama Launchpad, the state’s most active early seed funding source, has announced that it has selected eleven startups as finalists for its Cycle 2 2023 competition. The finale, which will be open to the public, is set to take place in Auburn, Alabama on August 17.

With the idea of “unlocking economic opportunity for Alabama women through the power of community partners,” the Women’s Foundation of Alabama, is set to take its grantmaking efforts statewide for the fall 2023 season. The foundation has been an engine for women’s philanthropy in the Greater Birmingham area for over two decades – granting more […]

Two state lawmakers who played a leading role in the renewal and expansion of Alabama’s economic incentives – known as the Game Plan – were honored as the Economic Development Association of Alabama’s “Legislators of the Year.” The EDAA presented Sen. Garlan Gudger (R-Cullman) and Rep. Danny Garrett (R-Trussville) with the recognition Monday during its […]

FUN is serious about broadband access

Vantage Point Solutions is officially an engineering firm of record for the Fiber Utility Network, Inc. (FUN), the group announced Monday. FUN is a coalition of eight electric co-ops, their subsidiaries, and key partners who want to expand the 3,000-mile network of both existing and new fiber infrastructure across 64 counties throughout Alabama.

Alabama’s economy is projected to maintain its current pace throughout the third quarter of 2023, according to business leaders — inspiring new optimism on top of national cautionary trends. That assessment was outlined by the University of Alabama’s Center for Business and Economic Research (CBER) this month, citing the national economy as a lone uncertainty […]

PeopleTec named Best Workplace for Millennials

The Huntsville company was ranked No. 14 among small and medium companies and is the only Alabama-based company to apprear on the list.

One of Alabama's most prominent transportation and logistics related corporations has made some significant purchases recently after forming a partnership with a Florida trucking and brokerage company. Birmingham's P&S Transportation LLC, a subsidiary of PS Logistics, announced that it has recently acquired all of Florida based Rinaudo's substantial transportation assets in a push to expand it's own logistical capabilities particularly its freight network.

Construction Forms, Inc. (CFI), a portfolio company of H.I.G Capital, has acquired Birmingham based corporation Tricon Wear Solutions, the company announced Monday. Tricon is a leading manufacturer of abrasion, wear-resistant products, specializing in highly engineered steel plates and other fabricated products.

When it comes to cancer treatment and survival, two significant challenges can arise: metastasis and chemoresistance.

Core Industries to build wood pellet facility in Theodore

Core Industries plans to construct a processing and storage facility at its port facility in Mobile County.

June’s job numbers are in – showing continued positive trends.  Alabama Department of Labor Secretary Fitzgerald Washington announced today that Alabama’s preliminary, seasonally adjusted June unemployment rate held steady at a record low 2.2%. June’s rate is well below June 2022’s rate of 2.6%. The rate represents 50,427 unemployed persons, a record low, compared to […]

C-Spire fiber expansion boosts Montgomery

Montgomery is set to gain a "world class fiber network" which is expected to grow the city's technological relevance within the state of Alabama. The company providing the new fiber network, C-Spire, has already made nearly 2,000 homes and more than 400 businesses in the Montgomery area fiber accessible.

Study: Alabama No. 7 best job market

It isn’t something Alabamians don’t already know, but it is always good to get affirmation of those beliefs. A new study complied from current U.S. Bureau of Labor Statistics data, found that Alabama has the No. 7 best job market in the nation in 2023. So, boom! There it is. The study, Best & Worst […]

NASA is unlocking groundbreaking partnerships with companies like Leidos, with a range of capabilities in service of a mission more ambitious than ever. 

Alabamians lost $21M to investment fraud last year

According to the Federal Trade Commission, a record $3.82 billion was stolen through investment fraud in 2022, making it the No. 1 costliest type of fraud in the U.S. Alabama ranks No. 24 on the list of states, having lost $21 million, the study said. Victims in Alabama lost an average of $131,533, the No. […]

Orlando-based UES acquires Huntsville’s GEO Solutions

Universal Engineering Science has expanded its Southeast footprint with the acquisition of Huntsville's GEO Solutions.

Alabama Power honored for industry excellence

Alabama Power was recently recognized for excellence by the Southeastern Electric Exchange (SEE) for two projects.

AIDT, Alabama’s primary workforce development agency, is accelerating its efforts to expand employment in the state’s auto industry by reviving a multistate campaign to attract a new generation of workers for the fast-growing sector. AIDT is relaunching its Shift campaign, which debuted in March 2022, to help fill more than 11,000 career opportunities now available […]

Alabama based, ServisFirst Bank made a big announcement Friday. The company, a subsidiary of ServisFirst Bancshares (NYSE:SFBS), said that it has been ranked third among the top publicly traded banks with between $10 billion to $50 billion in assets, based upon year end data from 2022.

BBA, international firm to promote Magic City

The Birmingham Business Alliance has announced that it has partnered with well known global economic development and destination marketing firm, Development Counsellors International in order to draw the national media's attention to notable stories that are unique to the Birmingham area.

Alabama Power CEO Jeff Peoples and PowerSouth Energy CEO Gary Smith have been appointed to the Lieutenant Governor’s Commission on 21st Century Workforce, Lt. Gov. Will Ainsworth announced today. The commission was created in 2019 to assess Alabama’s workforce and make recommendations that will increase its competitiveness with other states. The panel released its initial […]