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Jones calls economy “fragile”

Monday U.S. Senator Doug Jones told a townhall audience in Hamilton that he is concerned about the economy. Jones acknowledged that the economy was doing strong, but warned that it ‘fragile.” Jones said that it is not a good sign that the Federal Reserve lowered interest rates. “That have detected some weakness in the economy,” … Continued
August 7, 2019

Regions joins group focused on diversity and inclusion

Regions Bank recently announced that the Fortune 500 company has joined a list of corporations and universities that pledge to promote diversity and inclusion in the workplace.  Birmingham-based Regions in June became the first financial institution in Alabama to join with the coalition CEO Action for Diversity and Inclusion, which runs the program.  Regions president … Continued
July 30, 2019

Alabama ranked No. 3 in business climate

Thursday, Business Facilities magazine, which focuses on economic development, ranked Alabama as number three in the country for business climate. The magazine used a new analysis that evaluated a range of key economic categories. Alabama earned the No. 3 spot in the magazine’s climate ranking. The state earned high marks for workforce training, manufacturing employment … Continued
July 30, 2019

Ivey announces expansion of auto parts foundry in Auburn

Alabama Gov. Kay Ivey announced this week that 2A S.p.A., a prominent Italian die-casting company, plans to invest $15 million to expand its foundry in Auburn, where it serves as a Tier 1 supplier to major producers of automobiles and heavy trucks. The expansion project at 2A USA in Auburn will create more than 50 … Continued
July 26, 2019

State sets new record low unemployment rates, number of people working

The Alabama Department of Labor announced Friday that the state has set a new record low in unemployment rate, a new record high jobs count, a new record high employment count, a new record high labor force count and a new record low unemployment count Labor Secretary Fitzgerald Washington announced on Friday that June’s preliminary, … Continued
July 23, 2019

Gerhardi opens auto parts plant in Montgomery

German auto supplier Gerhardi Inc. opened its first U.S. manufacturing facility in Montgomery Tuesday. The $41.6 million plant will employ up to 235 people. Gerhardi Managing Director Rienhard Hoffman said the company is excited to launch operations at the state-of-the-art injection molding, electroplating and assembly plant in Alabama’s capital city. “Montgomery has proven itself as … Continued
July 12, 2019

DC BLOX holds grand opening

Thursday, DC BLOX, a multi-tenant data center provider delivering the infrastructure and connectivity essential to power today’s digital business, announces the opening of its fourth center facility in Birmingham. “We live in a digital age, and the world is not standing still. DC BLOX’s new data center is certainly a welcome addition to the Birmingham … Continued
July 12, 2019

Introduction: Impact of climate change on Alabama

Professor James McClintock knows that some might never believe the science behind climate change, which shows that fossil fuel use is causing dramatic changes in our weather.  But McClintock, a professor of polar and marine biology at the University of Alabama at Birmingham who has spent decades researching sea life and how climate change affects … Continued
July 9, 2019

ADECA asks for public input: Opportunity Zones, state tax incentives

On Wednesday, Gov. Kay Ivey encouraged Alabamians to respond to the Alabama Department of Economic and Community Affairs’ request for public input regarding low-income areas where investors can receive federal tax incentives to invest their unrealized capital gains into the community. These areas are called Opportunity Zones, and they were created as a consequence of … Continued
July 4, 2019