Alabama Economic News

Madison Wholesalers Inc. Pleads Guilty to Evading Tobacco Taxes

Dakota Layton | January 3, 2020 Pack of cigarettes

According to the Alabama Department of Revenue, Madison Wholesalers Inc. plead guilty to evading tobacco taxes from 2013-2016 through the use of fake invoices to hide what was being purchased from the company in Pennsylvania. Tobacco taxes are levied against the person or entity that...

Some Low-Income Alabamians Will Have Medical Debts Forgiven

Dakota Layton | December 30, 2019 Health Banknotes

Thanks to a partnership between a non-profit organization known as F.A.I.T.H founded by Patricia Gant and a national group known as RIP Medical Debt, some low-income Alabamians will have their medical debts forgiven. 21 percent of Alabamians have medical debt in collection, according to the...

Top 5 Ranking: Alabama 5th Most Federally Dependent State

Dakota Layton | December 18, 2019

Source: WalletHub Despite its dominantly conservative constituency and political representation, according to a new study released this week by WalletHub, Alabama is one of the most federally dependent states in the United States. The study ranked the five most federally dependent states in the following...

Huntsville Based Dynetics Purchased For $1.65 Billion

Brent Wilson | December 17, 2019 Dynetics

Leidos Holdings, Inc. (NYSE: LDOS) has entered into a definitive agreement to acquire privately-owned Dynetics, Inc., which is an industry-leading applied research and national security solutions company based in Huntsville, AL. The purchase price is $1.65 billion in cash. The Board of Directors of both companies unanimously approved...

FBI To Build $1 Billion Campus In Huntsville

David Preston | November 15, 2019 Huntsville, AL

The Federal Bureau of Investigation is investing over $1 Billion dollars in office space and complexes in Huntsville’s Redstone Arsenal. When all work is completed over 4,000 FBI employees should be stationed out of the new Huntsville offices. Huntsville is known as the Rocket City...

Poarch Creek Tribe Proposes to Expand Gambling in Alabama

David Preston | November 13, 2019

The Poarch Band of Creek Indians launched a website to promote their “Winning For Alabama” proposal to expand gambling operations in Alabama. This plan would also give them exclusive rights to all forms of class three gaming in the state, except for a lottery.  The...

Political Advocacy Group Attacks Poarch Creek Indians

David Preston | October 25, 2019

A new non-profit political advocacy group called Poarch Creek Accountability Now has been formed to ‘bring attention’ to an unfair playing field between the Poarch Creek Band of Indians and the rest of the people of the state.  Former State Senator Gerald Dial is the...

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