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Economy

Lockheed Martin breaks ground on new hypersonic weapons factory in Courtland

Lockheed Martin held a groundbreaking ceremony Monday at the site of their factory in Courtland. Lockheed Martin is building two new buildings at the Courtland facility for the assembly, integration and testing of hypersonic programs. The company will locate the management and engineering workforce for these programs in Huntsville. The move will mean 72 new … Continued
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September 18, 2019

AlabamaWorks! hosting 10th annual Worlds of Opportunity career exploration event

High school students can learn about competitive, high-wage career opportunities and meet with potential employers at the Worlds of Opportunity (WOO) Varsity event. SAWDC AlabamaWorks! is hosting its 10th annual Worlds of Opportunity hands-on career exploration event. Students will have the opportunity to talk to industry professionals about high-demand jobs in our region and how … Continued
September 17, 2019

Report ranks Alabama No. 1 in job creation from 2018 foreign investments

Alabama topped the nation in job creation from foreign investments during 2018, according to Gov. Kay Ivey’s office.  The 2019 Global Location Trends report by IBM-Plant Location International won’t be publicly released until later this month, but Ivey’s office made the announcement in a press release Thursday.  “Foreign investment has been an important driver of … Continued
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September 13, 2019

Expansion of the Port of Mobile gets the green light

Big ships are coming.  On Tuesday, the Alabama State Port Authority announced that it has received federal authorization to deepen the Mobile Harbor, allowing for much larger vessels in the Port of Mobile.  The project will deepen the bay and river channels to 50 feet and widening the bay channel by more than 100 feet … Continued
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September 11, 2019

Natural disaster aid applications open Wednesday for farmers

Beginning Wednesday farmers whose crops were affected by natural disasters in 2018 and 2019 can apply for some of the more than $3 billion in federal aid.  U.S. Secretary of Agriculture Sonny Perdue made the announcement Monday that the Wildfire and Hurricane Indemnity Program Plus signup starts Sept. 11.  “U.S. agriculture has been dealt a … Continued
September 11, 2019

Alabama to produce prototypes for new U.S. Army Hypersonic Weapons

U.S. Senator Richard Shelby, R-Alabama, praised the U.S. Army’s decision to award two contracts for work in Alabama related to the production of hypersonic weapon systems. One of the contracts is for Dynetics Technical Solutions in the amount of $351.6 million to produce Common-Hypersonic Glide Body (C-HGB) prototypes in Huntsville, Alabama. The second contract is … Continued
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September 3, 2019

State of the art sawmill opens in Henry County

Alabama Gov. Kay Ivey attended the official opening of Abbeville Fiber LLC, a state-of-the-art sawmill that will employ 115 people in Henry County once the facility is fully staffed. The $40 million investment is the largest economic development project in the county’s history, with $40 million invested to date. “What I have seen here today … Continued
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September 3, 2019

Today is the 125th anniversary of Labor Day as a national holiday

Labor Day is intended to be a tribute to the labor movement and “is dedicated to the social and economic achievements of American workers,” according to the U.S. Department of Labor’s website. Republican-dominated states have demonized labor unions as a hindrance to free enterprise, choosing instead to establish right-to-work statutes. Alabama became a right-to-work state … Continued
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September 2, 2019