Business — Page 61
The future of farming in Alabama looks bright if the state’s top young farm families are any indication. Eight families – three finalists and five additional division winners – were honored in the 2023 Outstanding Young Farm Family contest during the Alabama Farmers Federation Young Farmers Conference over the weekend. The finalists are: Mitchell and […]
Alabama’s auto industry is poised for another groundbreaking year in 2023, as companies deepen their commitment to electric vehicle production and other new technologies. Both Hyundai and Mercedes-Benz continue to expand their lineup of EV models built in the state. Honda, meanwhile, plans updates for several Alabama-made models, while Mazda Toyota Manufacturing proceeds with its workforce development and […]
HUNTSVILLE — Small businesses are infamously resilient against a turbulent economy, willingly flexible in meeting customer demands, and easily adaptable to unstable business environments. Greg Brown, co-CEO at Brown Precision, has been toe-to-toe with all three over the past 36 years and he said when things seem to be going downhill, that is when you […]
Hyundai marked a major milestone at its Montgomery, Alabama plant this week, as company officials, employees and community leaders celebrated the launch of the first Genesis Electrified GV70 SUV. It’s the first model from Hyundai’s luxury division to be assembled in the U.S. and the first to be assembled outside of South Korea. It also […]
The inaugural launch for the United Launch Alliance Vulcan Centaur rocket is set for May 4, ULA President and CEO Tory Bruno said Thursday. The payload includes Astrobotic’s Peregrine lunar lander and two satellites for Amazon’s Project Kuiper broadband constellation. “We are now targeting the fourth of May so we plan our manifest around that […]
An advanced Aerojet Rocketdyne scramjet engine powered the flight of the Hypersonic Air-breathing Weapon Concept in late January, the company announced. The project is in partnership with the Defense Advanced Research Projects Agency, Air Force Research Laboratory, and Lockheed Martin. This is the second successful flight test for this team, Aerojet Rocketdyne announced in a […]
Nucor Corp. is increasing its presence in Alabama with an investment of approximately $125 million for an advanced manufacturing facility in Decatur, Gov. Kay Ivey announced. The company’s new business unit, Nucor Towers & Structures, will produce transmission towers. The company has committed to creating 200 full-time jobs at the facility, the governor said. The […]
When it comes to creating a positive return on investment, the Alabama Community College System is delivering for the Alabama taxpayer. According to a recent study, students and alumni of community colleges within the system added $6.6 billion to Alabama’s economy in 2021 – supporting one out of every 27 jobs in the state. The […]
A development coming to Florence is aiming to be a great place to call home, do business and have fun. All at the same time. Approved by the city council last week, the West Village is on track to weave a unique identity around downtown Florence, the University of North Alabama campus, and the greater […]
The Alabama Engineering Hall of Fame is inducting six individuals and a company during a ceremony this weekend. The event is Saturday at the Renaissance Montgomery Hotel and Spa. The individuals will join 215 others who have been inducted since its founding in 1987. Huntsville-based Dynetics will join 33 companies have been honored. The inductees […]
Eight medical professionals. One visit. A new clinic for amyotrophic lateral sclerosis, or ALS, at the University of Alabama at Birmingham lets patients see eight health care providers during a single visit, with a single co-pay. “They’ve got my back,” said Venus Richardson of Mobile, Alabama, who was first diagnosed with ALS in 2019 and began seeing […]
TANNER – Two years ago, medical device manufacturer Curiteva, designed, programmed and built a first-of-its-kind 3D printer that uses a popular thermoplastic polymer known as PEEK, to make implantable medical devices for the spinal orthopedic industry. This week, after 16 months of waiting, Curiteva received regulatory clearance from the Food and Drug Administration for implantation […]
Hyundai and the U.S. Department of Labor are in talks over the automaker’s controversy regarding child labor. While the automaker and the Labor Department have been in talks, Hyundai has requested third party audits of all of its in state supply plants. The car company, according to Reuters, announced that it will be making changes […]
HUNTSVILLE — General contractors Brasfield & Gorrie won “Project of the Year” for its work on the Alabama School of Cyber Technology and Engineering. The award from the North Alabama chapter of the Associated Builders and Contractors was presented at the annual Excellence in Construction awards competition in Huntsville. The ASCTE project was also recognized […]
APM Terminals Mobile is expanding its rail infrastructure to meet the demand for increased supply chain gateway options and inland rail logistics by building a rail facility. The expansion includes additional tracks, railyard storage space, and improved access from the berth at the Mobile location. These additions and improved accessibility will promote productivity and safety, […]
From the Business Roundtable to the World Economic Forum to leading business schools, many voices promote replacing corporations governed by stockholders with “stakeholder” capitalism. Laws empowering stakeholders might disrupt the social cooperation of corporations. The cutthroat world of business seems decidedly uncooperative. But businesses enable voluntary cooperation between people trying to improve their lives. Never […]
The tornado that struck Selma on Jan. 13 devastated parts of the historic central Alabama town. But even amid the ongoing recovery from the storm, Alabama Power is nearing completion of a major upgrade of Selma’s power distribution infrastructure. The project is part of Alabama Power’s continued expansion of fiber to cities, towns and rural areas throughout […]
Rey and Cynthia Almodovar are known for their long, dedicated service to the Huntsville-Madison County area. In recognition of the couple’s philanthropy, the Huntsville/Madison County Chamber presented them with its Distinguished Service Award. The ceremony took place during the chamber’s 87th annual membership meeting. The Distinguished Service Award is the highest honor the Chamber bestows […]
A major South Korean automotive supplier plans to invest $128 million to open its first U.S. factory in Alabama, Gov. Kay Ivey announced. Samkee Corp.’s project will create 170 jobs in Tuskegee and provide an economic boost for Macon County. “Today’s announcement is another major step in Tuskegee’s progression as a city,” Tuskegee Mayor Tony […]
Sen. Tommy Tuberville is part of a bipartisan and bicameral group of legislators working to provide rural areas with reliable access to broadband. The group has drafted legislation that will that ensure that grants to provide the rural broadband service are not taxable. The Broadband Grant Tax Treatment Act would change the Internal Revenue Code […]
Alabama had a record $25.5 billion in export sales last year, Gov. Kay Ivey announced. The previous record was set in 2017 with $21.7 billion. According to the Alabama Department of Commerce, the record breaking number was funded by “rising overseas shipments of Alabama-made vehicles, aerospace parts, chemicals, minerals, metals and paper products.” Alabama exports increased […]
After a three-year absence due to the pandemic, Sloss Tech is back bigger and better, TechBirmingham and Telegraph Creative announced. Downtown Birmingham’s historic Lyric Theatre will serve as the conference hub for the June 9 event. There will also be activities and breakout sessions around town, including the Sidewalk Film Center and Cinema. After four […]
“With the resources that Freedom provides Invariant in our relationship, Freedom basically gives us the ability to be successful.” David Anderson, Invariant Corp. Freedom Real Estate was founded in 2014 on the basis of ethical fair play and the desire to provide the best results for our stakeholders. We are local market experts in the […]
The Biden Administration is exploring imposing rent control nationwide via executive order. This is yet another questionable policy measure by our governments. Despite the joke, “if you line up all economists end to end, they still wouldn’t reach a conclusion,” economists largely agree on the effects of rent control, minimum wages, and student debt cancellation. […]

