Friday, it was announced that a $100 million wood pellet factory will be built in Demopolis. The plant will be located on the Tombigbee River so that the pellets can be loaded into barges and shipped to the state Port of Mobile for export. Tuscaloosa-based Westervelt is partnering with Canadian Pinnacle Renewable Energy to build … Continued
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
The Alabama Department of Commerce released a new report this week showing that the forest industry is having a large impact on rural economies. In 2018, Westervelt Company, Rex Lumber and Great Southern Wood all announced plans for production facilities in Alabama. All combined, over 300 jobs were created at the facilities alone. In 2018, … Continued
Monday the Joint Legislative Advisory Committee on Economic Incentives met in Montgomery to hear the annual required report on the performance of economic incentives that the state has offered under the Alabama Jobs Act. The joint committee holds a minimum of two meeting a year. Alabama Commerce Secretary Greg Canfield reported that from July 2, … Continued