Skip to content

Economy

Anti-aging startup based on UAB research to begin launch in Birmingham

New anti-aging startup Yuva Biosciences is launching a skincare line based on research at the University of Alabama at Birmingham that found that mitochondria play a role in reversing skin aging and hair loss. “It’s exciting to see another startup born out of UAB technology choosing to stay and grow in Birmingham,” said Kathy Nugent, … Continued
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
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

Ag Commissioner Rick Pate to host listening session in Selma today

Alabama Commissioner of Agriculture and Industries Rick Pate will kick-off a state-wide series of listening sessions this week. The first session will be held today at the Central Alabama Farmers Co-Op in Selma. The stated goal of these sessions is to provide a forum for Commissioner Pate and the public to meet and discuss current … Continued
September 4, 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
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
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
September 2, 2019

Auto supplier Vuteq to create 200 Jobs in Alabama

Alabama Gov. Kay Ivey announced Wednesday 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. auto assembly plant in Huntsville. “The automotive cluster growing around Mazda Toyota Manufacturing U.S.A. is gaining another significant addition with Vuteq’s decision to open … Continued
August 26, 2019

Department of Agriculture to begin weekly listening sessions

The Alabama Department of Agriculture and Industries will be holding a state-wide series of listening sessions hosted by Commissioner of Agriculture and Industries Rick Pate starting on Sept. 4, 2019, at the Central Alabama Farmers Co-Op in Selma, Alabama. The sessions will work to provide a former for the public to discuss and ask questions … Continued
August 23, 2019

Ivey attends DaikyoNishikawa U.S. groundbreaking in Huntsville

Alabama Gov. Kay Ivey was in Limestone County Thursday, inside the city limits of Huntsville, for the groundbreaking of the new DaikyoNishikawa U.S. auto parts plant. “I’m proud to welcome another great Japanese company, DaikyoNishikawa, to Sweet Home Alabama, and I know that together we will build a lasting partnership,” Ivey said. “Today marks another … Continued
August 23, 2019