News
U.S. Steel starts up advanced electric arc furnace facility in Alabama
FAIRFIELD, Alabama — U.S. Steel Corp. today announced the successful start-up of a new technologically advanced electric arc furnace steelmaking facility at its operations in Fairfield, marking a strategic milestone for the company. Pittsburgh, Pennsylvania-based U.S. Steel said the EAF at the Fairfield Works, located near Birmingham, has an annual steelmaking capacity of 1.6 million…
Boeing grant prepares Decatur students for in-demand STEM careers
DECATUR, Alabama – A $50,000 grant from Boeing will help train Alabama students for jobs in the innovation economy. The global aerospace firm and longtime Alabama employer awarded the funding to the Decatur City Schools Foundation for initiatives involving elementary and high school students. Specifically, the grant will supply a composite lab and a 3D…
New $54M parts facility will boost Mercedes EV production in Alabama
VANCE, Alabama – A new parts facility planned near the Mercedes-Benz U.S. International plant in Tuscaloosa County is expected to add 373 jobs to the sprawling network that supports the state’s auto industry. The $53.6 million, 530,000-square-foot project will primarily serve as a storage and sequence facility for parts used in MBUSI’s electric vehicles. The…
Auto supplier IAC plans Alabama expansions creating over 180 jobs
MONTGOMERY, Alabama – Governor Kay Ivey announced today that International Automotive Components Group North America Inc. (IAC) plans to invest over $55.9 million in expansion projects that will create 182 jobs at two Alabama facilities. IAC is committing $34.3 million in new capital investment to expand its new manufacturing facility located in Tuscaloosa County. This…
Alabama business leaders meet with Ambassador Lighthizer, key trade official
VANCE, Alabama – Governor Kay Ivey and a group of Alabama industrial leaders on Friday hosted Ambassador Robert Lighthizer, the U.S. Trade Representative, at the Mercedes-Benz manufacturing complex for a high-level discussion on the Trump Administration’s trade and economic growth policies. Ambassador Lighthizer shared details about the Administration’s trade goals and heard from the Alabama…
Bronze Valley names first startup class in gener8tor accelerator
BIRMINGHAM, Alabama – Startup accelerator gener8tor announced today the participants selected for 10 Fall 2020 gBETA cohorts, including five promising companies in the program’s inaugural class at the Bronze Valley Accelerator. Birmingham’s Bronze Valley is a non-profit, early stage venture investment platform that focuses on supporting female entrepreneurs and entrepreneurs of color. “Bronze Valley is…
Global Resources to invest $9.5M in Alabama medical manufacturing venture
DOTHAN, Alabama – Global Resources International announced plans today to invest $9.5 million to open a medical manufacturing company in Dothan, creating 70 jobs and expanding local manufacturing capabilities. The company, Advanced Product Solutions, will anchor GRI’s family of companies in the manufacturing of engineered fabrics, personal protective equipment and injection molded medical products in…
Boeing Huntsville gets contract boost for key missile defense system
HUNTSVILLE, Alabama – Aerospace giant Boeing Co.’s Huntsville operation has been awarded a $249 million contract modification in support of the only operationally deployed missile defense capable of shielding the entire U.S. against long-range ballistic missile attacks. Boeing’s Ground-based Midcourse Defense (GMD) system is designed to detect, intercept and destroy long-range missiles during their midcourse…
Mercedes Alabama plant launches production of ultra-luxury Maybach
VANCE, Alabama — Workers at Alabama’s Mercedes-Benz plant have produced an all-new model that the company calls the peak of SUV luxury. The first customer-ready Mercedes-Maybach GLS 600 built in Alabama rolled off the assembly line at the Mercedes-Benz U.S. International facility in Tuscaloosa County in September. Mercedes unveiled the vehicle late last year, saying…
Alabama’s robust bioscience sector steps into spotlight at BIO Alabama event
The bioscience industry has a far-reaching influence in communities across Alabama and beyond, a fact that’s been shown most recently in the fight against the COVID-19 pandemic. The state’s researchers and entrepreneurs have stepped up in a major way, with contributions that support diagnostic testing, potential treatments and vaccine development. The economic impact of Alabama’s…