Alabama Economic News

In early May, the Tennessee Valley Authority (TVA) “announced plans to outsource 20 percent of its highly-skilled technology workforce to Capgemini, CGI, and Accenture — companies based in France, Canada, and Ireland respectively,” according to Rachel M. Cohen of The Intercept. This has outraged union…

On Thursday, President Donald Trump toured a shipyard in Marinette, a city located in the battleground state of Wisconsin. In 2016, the President won the state of Wisconsin by less than 1 point. During a series of remarks, the President touted a $5.5 billion federal…

Moody’s Analytics estimates that Alabama would face a fiscal shock of $1.4 billion in a scenario where the COVID-19 pandemic caused a severe recession. Moody’s Analytics, in an effort to try to provide policymakers and other stakeholders with an estimate of the potential downside implications,…

Kay Ivey

At a press conference on Tuesday, Alabama Governor Kay Ivey announced that the current Stay-At-Home order will expire on April 30th at 5 p.m. “On April 30th, our current stay-at-home order will expire,” Governor Ivey stated. Ivey also said, “All businesses are essential…no matter the…

On Monday, Alabama State Rep. Danny Garrett tweeted that Governor Kay Ivey would an announcement tomorrow regarding her plans for reopening the state’s economy. “On a call w/ members of the Alabama Legislature this morning, Gov. Ivey said she would make an announcement tomorrow (4/28)…

Kay Ivey

As the coronavirus pandemic becomes more devastating across the United States, students are continuing their academic studies online. Public schools and universities across the country have closed their campuses and fully transitioned to an online instruction platform. Communities are thus reliant on access to broadband…

On Friday, Governor Kay Ivey delivered an update to her State of Emergency declaration for the state of Alabama. Beginning at 5:00 on Saturday, all non-essential businesses in Alabama must close during the course of the COVID-19 pandemic. Non-essential businesses include entertainment venues, athletic facilities…

Financial Advisory, Corporate Tax Planning or Optimization

Governor Kay Ivey and the Alabama Department of Revenue announced today that the state income tax filing due date is extended from April 15, 2020, to July 15, 2020. Taxpayers can also defer state income tax payments due on April 15, 2020, to July 15,…

The store closed

Governor Kay Ivey and the Alabama Department of Public Health (ADPH) on Thursday issued a statewide health order to aid in Alabama’s efforts to contain the spread of the Coronavirus (COVID-19). Statewide Through April 5 All gatherings of 25 persons or more, or gatherings of…

Bank credit card, moneys and coins and bank contract on background. Money and concept credit concept

Governor Kay Ivey on Tuesday in cooperation with the Superintendent of Banking Mike Hill emphasized measures taken by financial regulators to protect the financial system within the state. The Alabama Banking Department, which oversees operations of our banks, has partnered with its regulated banks to…