Alabama’s housing market showed mixed signals in August, according to the latest Alabama Economic and Real Estate Report released Friday by the Alabama Association of REALTORS®. While sales numbers were down, buyers are finding more affordable opportunities thanks to recent mortgage rate cuts and softening home prices. Statewide home sales dropped 1.7% from July and […]

International Paper is making a major investment in Alabama with plans to spend $250 million at its Riverdale Mill in Selma. The company will convert the #16 paper machine to produce containerboard, a key material used in corrugated packaging. The upgrade is part of a broader series of strategic changes announced this week as the […]

Master Boat Builders Inc., a vessel and workboat manufacturer, today announced that it has invested $7.8 million to modernize and expand its shipbuilding operations in Mobile County by adding a new fabrication shop and floating drydock. The Mobile Chamber said today that the expansion project creates 85 new jobs, adding to Master Boat’s skilled workforce of more than […]

Loftis Steel & Aluminum, a family-owned steel fabrication company based in Nashville, Tennessee, is expanding its footprint with the launch of a new high-tech operation in Decatur with a $6.5 million investment. The growth project will create 20 new jobs in Limestone County, reinforcing Alabama’s strong position in advanced manufacturing. Loftis Steel & Aluminum produces […]

The “future of warfare” is being assembled on the factory floor of PDW’s newly opened Drone Factory 01 in Research Park. The 90,000-square-foot manufacturing complex will deliver tactical drones at a speed and scale company leaders say is no longer optional, but a matter of national survival. “A generational change is occurring on the battlefield, […]

GE Appliances has announced a $3 billion investment in domestic operations, with the aim of significantly expanding its manufacturing capabilities. The Kentucky-based corporation plans to invest the capital over the span of five years, with a significant portion of that funding being allocated to the GE plant in Decatur, Alabama. The location in the River […]