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Economy

Ag commissioner encouraged by Trump order to DOJ to investigate packers for cattle market manipulation

Alabama Department of Agriculture and Industries Commissioner Rick Pate (R) thanked President Donald J. Trump (R) for asking the Department of Justice to investigate the Big Four meatpackers for possible market manipulation of the price that farmers and ranchers get for their beef cattle. “I want to thank President Trump for asking the U.S. Department … Continued
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May 28, 2020

Ag commissioner concerned about collapsing cattle prices

Alabama Department of Agriculture and Industries Commissioner Rick Pate (R) is concerned about dropping cattle prices and the impact that that is having on Alabama’s farmers and ranchers. “We have been very dialed into the crisis Alabama Cattle Producers are up against,” Pate told the Alabama Political Reporter. “We will continue to closely monitor this … Continued
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May 26, 2020

Sen. Doug Jones: COVID-19 relief should not be a partisan issue

Sen. Doug Jones, D-Alabama, said Friday during a live-streamed press conference that the Senate should begin debating the next COVID-19 relief package, and Republicans in Congress should stop playing partisan politics with urgently needed COVID-19 relief. “That bill is not perfect at all. There are a number of things in there that I don’t think … Continued
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May 22, 2020

Alabama’s unemployment rate jumps to 12.9 percent

Alabama’s unemployment rate has surged almost 10 percentage points over the past two months to nearly 13 percent, the Alabama Department of Labor said Friday, another sign of the economic toll caused by the COVID-19 pandemic. Labor Secretary Fitzgerald Washington said Alabama’s preliminary, seasonally adjusted April unemployment rate is 12.9 percent, which is up from … Continued
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May 22, 2020

President Trump approves Alabama disaster declaration

President Donald Trump on Thursday declared that a major disaster exists in the state of Alabama and ordered federal assistance to supplement state, tribal and local recovery efforts in the areas affected by severe storms and flooding from February 5 to March 6, 2020. Federal funding is available to state, tribal and eligible local governments … Continued
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May 22, 2020

Airbus begins production of A220 aircraft

Airbus announced on Tuesday, that it has officially begun production of A220 aircraft at its Final Assembly Line hangar in Mobile. Paul Gaskell is the President of A220 USA and head of the A220 Program in Mobile. “The team is excited to start working in their new facility and to welcome a new customer,” said … Continued
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May 21, 2020

Evonik opens expansion of its biomaterial facility in Birmingham

Wednesday, Evonik announced that it has successfully commissioned an advanced biomaterials facility in Birmingham that will support global demand for the use of its RESOMER-brand bioresorbable polymers with implantable medical devices and parenteral drug products. According to the Alabama Department of Commerce, the Germany-based Evonik’s expansion of the 30,000 square foot facility allows the company … Continued
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May 15, 2020