Alabama economy

The Alabama Coal Association has rebranded as the Alabama Mining Association.

Tax revenue into the state’s General Fund was 7 percent higher this year the Education Trust Fund brought in an additional $209 million in 2020 compared to 2019. 

Gov. Kay Ivey on Thursday announced the creation of a first-of-its kind statewide commission on entrepreneurship and innovation, meant to promote innovation across the state and cut red tape for those seeking to start new businesses. The 15-member Alabama Innovation Commission, to be known as Innovate Alabama, will allow innovators to “engage policymakers, exchange ideas … Continued

Immigrants in Alabama are responsible for more than $900 million in federal taxes and more than $350 million in state and local taxes, according to a study.

Until testing for COVID-19 is more broadly available it will be unclear the extent of the deadly virus’s reach throughout Alabama and the U.S., and difficult to safely determine when to fully reopen the economy.  That’s the message Sen. Doug Jones made during a press conference on Thursday, in which Jones and health experts from … Continued

U.S. Rep. Terri Sewell, D-Alabama, believes that to reopen Alabama’s economy fully COVID-19 testing and contact tracing must increase statewide, and especially among minorities, the elderly and those living in rural areas.  Sewell released her report Wednesday on recommendations for safely reopening. The report came at the request of Gov. Kay Ivey, who asked that … Continued

A key issue facing businesses and citizens alike is how will our state capitalize on the current economic boom to prepare workers for 21st century jobs. Before analyzing Bureau of Labor Statistics data and their implications for policymakers, we begin by noting there is much good news: From November 2018 to November 2019, Alabama led … Continued

Alabamians, mush like residents in many other Southern states, have more unpaid, uncollected debt than those living in other U.S. states, according to new updates to an interactive map.  The updated interactive map by the Urban Institute, a Washington D.C.-based economic and policy think tank, shows how many Alabamians have unpaid debts, and breaks those … Continued