News
Summit: Rural Alabama poised for job growth as project momentum builds
MONTGOMERY, Alabama — Growing businesses injected nearly $1.7 billion in new capital investment into Alabama’s rural counties last year in a sign of continuing vitality, according to data released today by the Alabama Department of Commerce in conjunction with a summit for the state’s rural developers. These projects will create over 1,600 jobs in rural…
Alabama-Japan relationship celebrated as robust bonds strengthen
HUNTSVILLE, Alabama — Workforce development guru Ed Castile and six growing companies were recognized Thursday night at a ceremony that showcased the strong economic and cultural ties between Alabama and Japan. The Japan-America Society of Alabama (JASA) dinner at the Westin Huntsville brought together leaders from government, economic development, education and culture in support of…
HudsonAlpha AgTech Accelerator launches with first start-up class
HUNTSVILLE, Alabama — Five innovative start-up companies make up the inaugural class in the HudsonAlpha AgTech Investment Accelerator, a new initiative from the HudsonAlpha Institute for Biotechnology and the global venture and accelerator firm gener8tor. The 12-week accelerator invests $100,000 in five startups at the forefront of the agricultural technology industry. The Huntsville-based accelerator seeks…
Manna Capital Partners plans $600 million Alabama beverage product hub
MONTGOMERY, Alabama — Manna Capital Partners plans to invest nearly $600 million to construct an advanced beverage production and distribution complex in Montgomery, Governor Kay Ivey announced today. Manna Capital Partners, a minority-owned business enterprise and investment firm, said its Montgomery “beverage park” will create 280 full-time jobs and will be owned and operated by…
Li-Cycle opens lithium-ion battery recycling ‘Spoke’ in Alabama
TUSCALOOSA, Alabama — Li-Cycle, a leading North American recycler of lithium-ion batteries, has launched commercial operations at an advanced recycling facility in Tuscaloosa that will support the company’s growing electric-vehicle battery supply customer base across the Southeast. Li-Cycle’s Alabama Spoke, as the facility is called, utilizes the company’s patented, environmentally friendly technology to recycle and…
Second ‘Made in Alabama’ Showcase features top homegrown products
MONTGOMERY, Alabama — Governor Kay Ivey recognized 14 companies and their exceptional homegrown products at the second “Made in Alabama” Showcase at the state Capitol today. Governor Ivey invited the businesses to exhibit their products in the Old Supreme Court Library during a ceremony today. Eleven exhibitors showcased their products, shared their company history, and…
Microsoft taps Randolph County to lead digital skills initiative in Alabama
ROANOKE, Alabama — Microsoft Philanthropies is teaming with the Randolph County Economic Development Authority (RCEDA) on a program that helps job seekers and professionals gain new skills for in-demand roles in the digital economy. The RCEDA received funding from Microsoft Philanthropies to launch the Community Skills Initiative Alabama Region program. A suite of online training…
ISA Corp. selects Geneva County for glove manufacturing operation
HARTFORD, Alabama — Oregon-based ISA Corp., a manufacturer of nitrile and latex gloves, announced plans today to open a production facility in Geneva County, creating 80 jobs over two years at the location in rural Alabama. ISA Alabama Corp., as the new venture is called, will be located in a 45,000-square-foot speculative building in the…
Novelis kicks off construction on $2.5 billion Alabama aluminum mill
BAY MINETTE, Alabama — Site work is under way on one of Alabama’s most prominent construction projects — a $2.5 billion aluminum mill being built by Atlanta-based Novelis in Baldwin County that is the first facility of its kind constructed in the U.S. for 40 years. Crews are engaged in earthwork, excavation and piling at…
Germany trade mission offers new possibilities for Alabama firms
Team Alabama’s first overseas trade mission in over three years successfully connected a diverse group of growth-minded state companies with counterparts in Germany, potentially setting the stage for new opportunities and partnerships. Greg Canfield, Secretary of the Alabama Department of Commerce, said the five Alabama companies on the mission operate in fields including the life…