Alabama Economic News

Alabama Leads Development of U.S. Army’s Hypersonic Weapons

Brent Wilson | August 30, 2019 Common-Hypersonic Glide Body

U.S. Senator Richard Shelby (R-AL) today praised the U.S. Army’s decision to award two contracts for work in Alabama related to the production of hypersonic weapon systems – one for Dynetics Technical Solutions in the amount of $351.6 million to produce Common-Hypersonic Glide Body (C-HGB)...

Doug Jones Announces $200,000 Grant for New Site Medical Complex

Brent Wilson | August 30, 2019

U.S. Senator Doug Jones has announced a $200,000 grant from the Appalachian Regional Commission (ARC) to establish the New Site Medical Complex in New Site, Alabama. This grant will provide funding for a 3,120 square-foot building housing a primary care clinic and private pharmacy. Tenants...

CWA and ATT Wrap Up Negotiations; Union Reports Community Solidarity

Jacob Morrison | August 30, 2019

Negotiations have ended between the Communication Workers of America (CWA) and AT&T, and a “tentative agreement” has been reached. This tentative agreement is for 5 years, and includes wage increases for all workers, additional and increased benefits packages, and maintained and improved termination packages. The...

I-10 Mobile River Bridge and Bayway Project is ‘Dead’

David Preston | August 29, 2019

On August 28, 2019, the Eastern Shore Metropolitan Planning Organization (MPO) met to discuss it’s 2020 through 2023 Transportation Improvement Plan (TIP).  The most significant point of discussion was whether to include the Interstate 10 Mobile River Bridge and Bayway project in its TIP. The...

Alabama to Open European Office to Advance Economic Development

Brent Wilson | August 27, 2019

Governor Kay Ivey announced today that the Alabama Department of Commerce has opened a business development office in Stuttgart, Germany, to enhance the state’s strategic efforts to attract European companies considering job-creating investments in the U.S. Christoph Doerr, an experienced German businessman who spent seven...

Vuteq to Create 200 Jobs at Huntsville Plant

Brent Wilson | August 21, 2019

Governor Kay Ivey on Wednesday announced that global automotive supplier Vuteq USA plans to invest more than $60 million to open a manufacturing facility to serve the Mazda Toyota Manufacturing U.S.A. (MTMUS) auto assembly plant in Huntsville, AL. Japan-based Vuteq, which has operated in North...

Madison County Receives Highest Credit Rating Upgrade Ever

Brent Wilson | August 16, 2019

Madison County Commission Chairman Dale W. Strong announced today Madison County, Alabama has received an upgrade in its credit rating from Moody’s Investors Service (Moody’s) resulting in the best – and highest – credit rating in the history of Madison County. Moody’s upgraded Madison County...

Governor Ivey Announces Alabama Tourism Growth of $1.2 Billion

Brent Wilson | May 21, 2019

Tourism is booming in Alabama according to Governor Kay Ivey. In a press release yesterday, Ivey announced record growth and that one million more people visited Alabama in 2018 than ever before. Those tourists spent $15.5 billion, which was $1.2 billion higher than the previous...

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