Skip to content

Economy

News / Economy / State

Shinhwa Group will open Auburn operation with $42 million investment

Tuesday, Alabama Governor Kay Ivey (R) announced that the Shinhwa Group is opening manufacturing operation in Auburn. “Shinhwa’s decision to invest $42 million and create 95 jobs in Auburn is great news for Alabama,” Governor Ivey said. “Alabama has become an important player in a changing automotive industry, and Shinhwa’s plans to open its first … Continued
October 2, 2019

Ivey says state can be proud of employment numbers

Alabama set a new record low unemployment rate of just 3.1 percent in August. This beat the previous record low of 3.3 percent set in July. Alabama Gov. Kay Ivey said that we can be proud that we are putting people to work. “Not only can we be proud of the fact that Alabama is … Continued
September 30, 2019

Gulf environmental group’s lawsuit claims waivers for offshore oil drillers are unsafe, illegal

An environmental advocacy group on Thursday filed a lawsuit against the Trump administration claiming the government is allowing offshore oil drillers to skip critical safety tests put in place to prevent another event like the deadly Deepwater Horizon disaster.  The Washington D.C.-based nonprofit legal advocacy group Democracy Forward filed a civil suit in the U.S. … Continued
September 27, 2019

Roby: 2.4 million STEM jobs went unfilled last year

U.S. Rep. Martha Roby, R-Montgomery, said Monday in an email to constituents that in “2018, nearly 2.4 million STEM jobs went unfilled, largely because STEM education is not readily available for many students.” STEM stands for science, technology, engineering, and math. STEM is the fastest growing sector of the job market; but according to the … Continued
September 24, 2019

2020 Alabama hemp program applications will be delayed

The Alabama Department of Agriculture and Industries has been forced to delay the application process for the 2020 hemp growing season due to issues with federal government regulations, ADAI said in a press release on Tuesday.  “Currently, (ADAI) is awaiting an interim final rule to be published by the United States Department of Agriculture (USDA) … Continued
September 18, 2019

Tax increases pass in both Spanish Fort and Fairhope

Tuesday voters in Spanish Fort and Fairhope went to the polls and approved a 3 mill property tax increase to benefit local schools. In Spanish Fort, the tax increase narrowly passed. As of press time, there were 1,096 votes (52 percent) in favor and 1,013 votes (48 percent) opposed. There were similar results in Fairhope … Continued
September 18, 2019

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
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
September 13, 2019