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economic development

Ivey attends Koch Foods grain storage, distribution facility groundbreaking in Attalla

Tuesday, Alabama Governor Kay Ivey (R) was on hand for the groundbreaking of a new Koch Foods grain storage and distribution facility at the City of Attalla in Etowah County. “What an exciting day to be here for the groundbreaking for Koch Foods’ state of the art grain storage facility,” Gov. Ivey said. “This will … Continued
November 6, 2019

Ivey attends grand opening of Grand River Technology Park

Thursday, Alabama Governor Kay Ivey (R) attended the groundbreaking of the Grand River Technology Park adjacent to the Barber Motorsports Park along the vital I-20 corridor connecting Birmingham with Atlanta. “This is an exciting day and thank you all for coming here to celebrate the groundbreaking of Grand River Technology Park,” Gov. Ivey said. “Many … Continued
October 25, 2019

State unemployment drops again in September

Friday, the Alabama Department of Labor announced that our state reached a new record low unemployment rate of 3.0 percent. The governor said in a statement that she is very proud of this news, but is remaining laser focused on helping all Alabamians who want a job to get a job. Alabama Governor Kay Ivey … Continued
October 23, 2019

Dynetics opens rocket-testing facility in Decatur

Dynetics has opened a rocket-testing facility in North Alabama that it says will help advance major programs such as NASA’s Space Launch System, the space agency’s most powerful rocket, and the United Launch Alliance’s Vulcan Centaur, a next-generation launch vehicle. Alabama Gov. Kay Ivey said on social media, “Alabama has a dynamic aerospace history. We’re … Continued
October 16, 2019

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

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

Unemployment rates at remarkably low record-breaking numbers

During the late summer, it was revealed that Alabama’s economy set records for the number of people employed along with the lowest unemployment rate in decades. Figures released in August had the state with a record–breaking 3.3 percent unemployment percentage. The numbers indicate a continued upward trend with 57,000 more people employed than at the same … Continued
September 18, 2019

Alabama Power named a top economic development utility company

A new report from a business magazine has named Alabama Power one of the most successful economic development teams in the country. Site Selection Magazine is a business publication that covers economic development and corporate real estate.  The report found that Alabama Power Corp. had $2.1 billion in new capital investment and created 4,472 jobs … Continued
September 9, 2019

Ivey announces Alabama Bicentennial Schools of Excellence

Alabama Gov. Kay Ivey announced the twenty-one schools selected as Alabama Bicentennial Schools of Excellence. The announcement was made at the Alabama Department of Archives and History (ADAH), where Governor Ivey was joined by superintendents, principals, and teachers from the selected schools, along with legislators and other dignitaries from across the state. Each school also … Continued
September 4, 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