economy

Privately-owned housing starts in November 2018 were at a seasonally adjusted annual rate of 1,256,000. This is a 3.2 percent increase above the revised October 2018 estimate of 1,217,000. The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly made the announcement following the release of new residential construction statistics for … Continued

Thursday, the U.S. Bureau of Economic Analysis (BEA) announced that personal income increased 0.5 percent in October after increasing 0.2 percent in September. Wages and salaries, the largest component of personal income, increased 0.3 percent in October, the same increase as in September. Personal income increased $84.9 billion (0.5 percent) in October according to estimates … Continued

Friday, Alabama Governor Kay Ivey (R) joined Mazda Toyota Manufacturing, U.S.A. to break ground on their new $1.6 billion plant in the City of Huntsville. The jointly owned-and-operated automotive production plant is expected to create 4,000 new jobs. The Limestone County automobile plant is the largest economic development project landed by the state of Alabama … Continued

Georgia‐Pacific officially started production at its newest lumber facility in Talladega Thursday. The $100‐million, 300,000‐square‐foot, technologically advanced plant took nine months to complete. The plant currently employs more than 130 full-time employees and will generate an estimated $5 million in annual payroll. “Georgia‐Pacific’s new lumber facility in Talladega is the company’s eighth location in the … Continued

National publication Site Selection rated Alabama number eight in its business climate analysis. The high rating reflects the states consistent attractiveness for high-value economic development projects. Alabama No. 8 was tied with Indiana overall. In a survey that is a major component of the Site Selection analysis, site selection consultants and corporate real estate executives … Continued

While President Donald J. Trump (R) has not held any campaign rallies in Alabama this election he was just across the state line this weekend. Saturday the President was in Pensacola campaigning for Rick Scott and Ron DeSantis. On Sunday, he was in Chattanooga campaigning for Marsha Blackburn. “This election is about safety and it’s … Continued

Thursday, Alabama Governor Kay Ivey (R) addressed the Alabama Automotive Manufacturers Association (AAMA) at the group’s 4th annual appreciation dinner at the Wynfrey Hotel in Hoover. Ivey said that the companies that come to Alabama, “want to be a part of a team.” “They can expect hard work, growth, and success,” Ivey said. “They want … Continued

President Donald Trump will be in Pensacola on Saturday night for a “MAGA Rally” at the Pensacola International Airport. The event will be at 6:30 p.m. and is the fourth Pensacola rally that Trump has held since he launched his campaign for President in 2015. The last time Trump was in Pensacola was last December … Continued

Tuesday, October 23 over 700 people attended the Republican rally and barbecue dinner in Huntsville. Congressman Mo Brooks (R-Huntsville), Attorney General Steve Marshall, Lieutenant Governor candidate state Representative Will Ainsworth (R-Guntersville), Chief Justice candidate Tom Parker, Secretary of State John Merrill, and Public Service Commissioner Jeremy Oden all addressed the overflow crowd. “You are now … Continued