Alabama Economic News

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…

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 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 Kay Ivey was in Huntsville today to announce auto supplier Y-tec Keylex Toyotetsu Alabama (YKTA) plans to invest $220 million to open a manufacturing facility that will create 650 jobs. “YKT Alabama is a significant addition to the growing automotive cluster centered around the…

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…