Alabama’s unemployment rate remained unchanged at 2.6% for the month of August, according to updated labor statistics released Friday. The historically low unemployment rate sits well below August 2021’s rate of 3.3%. August’s rate represents a record low for unemployed individuals, which is 58,958. The refreshed labor statistics prove that the Yellowhammer State’s economy continues […]

A lack of consensus among labor unions on an agreement with the largest U.S. freight railroads could spell trouble for an already-strained American supply chain. Members of the International Association of Machinists and Aerospace Workers (IAM) District 19 rejected an agreement negotiated by the union’s leadership with the railroads, the Associated Press reported Wednesday. IAM […]

In recent years, the Yellowhammer State has emerged as a pre-eminent location for prospective automotive manufacturing companies. Alabama’s successful efforts to attract automotive suppliers was bolstered Tuesday, when a multimillion-dollar manufacturing plant held its grand opening in Athens. A joint venture, formed by Toyota Boshoku AKI and Systems Automotive Interiors Alabama, is a $50 million […]

Birmingham-based Sanders Capital Partners purchased three medical practice offices from the Surgical Dermatology Group. The acquisition of the offices in Vestavia, Montgomery, and Gadsden is valued at $12.4 million. “The Surgical Dermatology Group portfolio represents an ideal acquisition to us in that it is home to a leading medical provider that has found these locations […]

Capstone Building of Birmingham has broken ground on a $13.45 million multifamily project in West Point, Ga., the company said in a news release. The general contractor is partnered with developer Pennrose and architect firm Kitch & Associates for the garden-style affordable housing project. “Capstone Building Corp. is looking forward to being a part of […]

Labor Day was established in 1894 to honor America’s workers. “Quiet quitting” refers to working no more than necessary to keep your job and then bragging about it on Tik Tok. Does quiet quitting disrespect Labor Day? Each Labor Day we should celebrate the labor market. The labor market is part of the market economy, […]

The University of Alabama College of Communication and Information Sciences will induct four new members into its Hall of Fame Thursday, Oct. 13, in the Bryant Conference Center on the UA campus. The 2022 inductees are Paul Finebaum, Charlie Monk, Janet Hall O’Neil and Frank M. Thompson Jr. Paul Finebaum is a celebrated sports author, […]

Birmingham-Southern College (BSC) has been awarded $1.25 million to develop curriculum centered around environmental-related issues for schools in Mobile. The grant, which was issued by the National Academies of Sciences, Engineering, and Medicine Gulf Coast Research Program, was an effort led by BSC Southern Environmental Center Roald Hazelhoff. The grant effort, led by Roald Hazelhoff, […]

Expanding upon their business ventures in the Yellowhammer State, Nick and Terry Saban are backing an upscale hotel in the heart of Tuscaloosa. The Alamite, a 112-room Tribute Portfolio boutique hotel set to open Friday, is a five-minute drive from Bryant-Denny Stadium. Tribute Portfolio is a Marriott brand. In the center of Tuscaloosa’s commercial and […]

Yellowhammer Multimedia is proud to announce the fifth annual Women of Impact Awards, a celebration of strong women who shape and propel Alabama. This year’s impeccable class of honorees is loaded with respected leaders, advisers and mentors who empower others through the lives they devote and trails they blaze across nonprofit, business and governmental sectors. […]

Gateway Tire announced Wednesday it would undertake a $9 million expansion of its distribution hub in Dothan. The retail and wholesale tire distributor’s project will create 30 jobs at its Houston County facility, according to the Alabama Department of Commerce. The company’s 200,000-square-foot warehouse, constructed at Westgate Industrial Park in 2017, will be expanded by […]

It’s a growing business in Alabama that is sowing a different kind of agriculture – and helping meet the expectations of polished palates, healthy eaters and people struggling with food insecurity. Hydroponic farms and gardens are cropping up in urban and rural Alabama settings, supplying grocery stores, restaurants and nonprofits with fresh produce while using […]

Kristal Bryant’s sweet success is absolutely made from scratch. The chef-owner of K&J’s Elegant Pastries & Creamery, a custom cake shop in downtown Birmingham that specializes in cakes for all occasions, including weddings, started her business in 2010 in her home kitchen making sweets for friends and family. She outgrew that space and opened a shop […]

A cutting-edge marine vessel that can sail the high seas without a crew will be manufactured exclusively in Mobile through a partnership between Austal USA and California-based Saildrone Inc. The two companies announced their strategic partnership in connection with the Saildrone Surveyor autonomous “uncrewed” surface vehicle. The partnership “combines Saildrone’s … technology with Austal USA’s advanced manufacturing capabilities,” according […]

Wall Street is known for characters like the real Jordan Belmont and fictional Gordon Gekko personifying greed. Yet today’s great Wall Street controversy involves putting societal values above profit. Environmental, Social and Governance investing, or ESG, raises significant issues regarding misuse of investors’ money. Some have long invested “responsibly.” A United Nations sponsored group of […]

HUNTSVILLE — There’s a reason Huntsville is called “Rocket City” and the city will once again live up to its name this weekend. When the Space Launch System lifts off Saturday with more power than any rocket NASA has ever built and soars toward the moon for the Artemis I mission, it will be propelled by the knowledge, skill, […]

Alabama’s U.S. Senate delegation is urging the U.S. Department of Defense (DOD) to continue its plans to allow for competition on the Air Force’s KC-Y Tanker Program. The competition has the potential to hold significant economic benefits for the Yellowhammer State, as Lockheed Martin has offered its LMXT Tanker to the branch for the program. […]

Boeing will continue its work supporting the Missile Defense Agency’s Ground-based Midcourse Defense System. The Department of Defense announced Tuesday the MDA had awarded Boeing a contract with a maximum award of more than $5 billion. The GMD program, which Boeing manages in Huntsville, is the nation’s only defense program capable of protecting the entire […]

The Alabama Innovation Corp. announced Monday the awarding of its first round of grants geared toward helping small businesses expand their operations within the Yellowhammer State. The 31 grant awards, which total more than $4.5 million in funding, will be distributed under the Innovate Alabama Supplemental Grant Program. According to the corporation, the funds will […]

Gov. Kay Ivey has announced that the Yellowhammer State’s tourism industry is projected to produce more than $24 billion in revenue in 2022. Ivey made the announcement Tuesday during the Alabama Governor’s Conference on Tourism in Auburn. State tourism and hospitality industry professionals were on hand for the annual conference. During her address, Alabama’s chief […]

Ecore International, a Pennsylvania-based recycled rubber product manufacturer, has announced plans to open a state-of-the-art manufacturing facility in Ozark. The company plans to invest $25.5 million and create 84 jobs at its Dale County facility, according to the governor’s office. Encore, a privately held company, specializes in transforming reclaimed materials into high-performance flooring and surface […]

Bradley Arant Boult Cummings announced 16 Huntsville attorneys have been recognized for 2023 “The Best Lawyers in America” list, including three attorneys named Best Lawyers: “Ones to Watch in America”. Two Huntsville attorneys were named Best Lawyers “Lawyer of the Year” in two different practice areas. “We are proud of this outstanding group of attorneys […]

Economists and political philosophers frequently contrast political and economic power. This distinction also informs views on policy questions. The nature of economic power offers perspective on the potential for social media “censorship.” Politics involves efforts to control government, which ultimately deals in force. Political power is ability to force others to follow your commands. Whether […]

Mercedes-Benz has launched production of the all-electric luxury EQS SUV at its Tuscaloosa County plant, part of a global strategy of next-generation technology that is ushering in a new era for Alabama’s auto industry. Mercedes has invested $7 billion in the state since it arrived in the early 1990s, and Alabama workers began producing the M-Class SUV […]