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Alabama team seeks new life sciences markets in Europe

Alabama NewsCenter April 26, 2017

Alabama business and community leaders are in Europe this week, seeking new market opportunities for the state’s growing bioscience industry in Germany and Denmark. The 22-member delegation also is promoting the cutting-edge developments happening at research centers from Huntsville to Birmingham to Mobile and beyond, an effort to encourage new investment in the state as a gateway to the broader U.S. life sciences sector. Alabama Secretary of Commerce Greg Canfield is leading the trade mission, which kicked off Monday in Berlin with meetings at the U.S. Embassy and continues today with tours of biotech sites, including a research incubator. Later in the week, more seminars are planned in Copenhagen,

toyota-alabama

Dawn Azok: Japanese investment in Alabama fuels many industries

Guest Author September 30, 2016

When it comes to Japanese investment in Alabama, auto manufacturers Honda and Toyota and their broad network of suppliers across the state immediately come to mind. But the Asian nation is behind a significant number of non-automotive companies here as well, from chemical and steel producers to pharmaceutical and life insurance firms. More than 140 Japanese companies call Alabama home, and their combined annual contribution to the state economy, from a consumer perspective, tops $200 million, said Mark Jackson, honorary consul general of Japan in Alabama. “It is a solid, proven base for Japanese investment to only grow bigger,” he said. “The Japan America story is tremendous, but

Stock Market Economy_Business roundup

Alabama business roundup: Headlines from across state – 7/26/16 edition

Elizabeth Patton July 26, 2016

What does Alabama Commerce Chief Greg Canfield have to say about the state’s economic outlook in 2016? What health system is now offering physician ratings? Who’s grabbed a chunk of the JetBlue $30 billion contract? Answers to these questions and more in today’s business roundup: Birmingham Business Journal: UAB Health System to begin offering physician ratings The University of Alabama at Birmingham Health System this week unveiled a new physician rating system built into its Find a Provider platform, the only Alabama hospital to offer such information. “We are dedicated to transparency and accountability, and we constantly look for ways our organization, and each faculty and staff member, can

Stock Market Economy_Business roundup

Alabama business roundup: Headlines from across the state

Elizabeth Patton September 21, 2015

What former U.S. Army fort is getting a facelift? Who’s investing $11.5M in the Black Belt region? Did you say $1.3 BILLION for next-gen SUVs? Alabama trade officials headed to Africa for business opportunities. All this and more inside today’s business roundup of headlines from across the state: Alabama News Center: Mercedes to invest $1.3 billion in Alabama plant for next-gen SUVs Mercedes-Benz plans to invest nearly $1.3 billion in a major expansion at its Alabama assembly plant, creating 300 jobs and preparing the factory to launch production of its next-generation sport utility vehicles. The new investment comes at a time of dramatic growth for Mercedes’ manufacturing hub in Tuscaloosa County.

Stock Market Economy_Business roundup

Alabama business roundup: Headlines from across the state

Elizabeth Patton August 5, 2015

Here’s a roundup of some of the weekend’s top business headlines from across the state: Alabama Newscenter: Business Facilities: Alabama ranks high for auto manufacturing, workforce development Alabama got high marks for “Automotive Manufacturing Strength” and AIDT, Alabama’s workforce development agency, ranked high among “Workforce Training Leaders” in Business Facilities magazine’s annual rankings report, released last week. Record output at Alabama’s three auto assembly plants underlined the state’s No. 2 ranking in the magazine’s “Auto Manufacturing Strength” category. Alabama and Tennessee swapped positions in the rankings from the previous year. “Alabama, this year’s No. 2, is throwing down a marker for a heavyweight rematch: the Crimson Tide rolled out nearly

Stock Market Economy_Business roundup

Alabama business roundup: Headlines from across the state

Elizabeth Patton July 24, 2015

Here’s a roundup of some of the top business headlines from across the state this week: AL.com: Japanese auto investment climbs in the U.S., including Alabama Total investments by Japanese automakers in their U.S. operations reached nearly $43 billion last year, according to new data from the Japan Automobile Manufacturers Association. That’s up from $40.6 billion in 2013. Direct employment at the automakers also grew to 91,122, up from 82,816 the previous year. “These figures demonstrate the ongoing commitment of Japanese automakers to the U.S. auto market and they signal a new day in Japanese brand auto manufacturing in America,” Ron Bookbinder, General Director of JAMA USA, said in a prepared

Stock Market Economy_Business roundup

Alabama business roundup: Headlines from across the state

Elizabeth Patton July 20, 2015

Here’s a roundup of some of the top weekend business headlines from across the state: AL.com: Craft brewers: Alabama laws stifle growth of burgeoning beer industry Like many of Alabama’s close to three dozen craft brewers who stepped into an industry barely formed, Jeremy Pate is above all optimistic. On the Dothan farm where his grandparents used to grow corn and peas, Pate started Folklore Brewing & Meadery a few years ago, offering the only locally produced beer in the Wiregrass region. There he has lots of room to grow, but Pate says beer laws in the state need to catch up first. Pate, 40, believes the existing regulations, which restrict

$30 million EV training center in Alabama will support auto industry growth

Alabama NewsCenter November 29, 2023

Alabama is building a $30 million workforce training center that will focus on electric vehicles (EVs) and emerging technologies, with the goal of positioning the state’s auto industry for the next chapter of its growth. The facility will be on the campus of the Alabama Robotics Technology Park, a $73 million center near Decatur operated by AIDT that helps companies train workers on advanced R&D and manufacturing technologies. “Alabama is already a recognized leader in workforce development, and this training center concentrating on EVs and new technologies will add an important dimension to our capabilities,” Gov. Kay Ivey said. “This investment shows that we’re fully committed to making Alabama an even greater

Tech company Stella Source plans to add 50 jobs at Birmingham HQ

Alabama NewsCenter October 24, 2023

Stella Source, a software development company whose products help those in the metal distribution and fabrication industry operate more efficiently, announced plans to expand its presence in Birmingham with 50 new full-time employees, more than double its current headcount in the Magic City. To accommodate growth, Stella Source plans to relocate from Birmingham’s Innovation Depot, where it has 21 workers, to space in the nearby Nextec Building. The company plans to expand its software, research, design, finance, and sales staff at the location. As part of the project, Stella Source will establish its headquarters in Birmingham. “We are incredibly proud to build Stella Source here in Alabama and are excited to

Alabama-assembled United Launch Alliance rocket powers first Amazon satellites into orbit

Alabama NewsCenter October 12, 2023

A United Launch Alliance Atlas V rocket with deep Alabama roots lifted off from Cape Canaveral days ago on a milestone mission that sets the stage for ULA rockets to deploy satellites for an ambitious Amazon broad network. The Atlas V 501 rocket blasting off last Friday launched the Protoflight mission for Amazon’s Project Kuiper, a low-Earth-orbit satellite network that will provide fast, affordable internet service to under-resourced communities around the world. ULA’s factory in Decatur played a key role in the successful mission, which delivered two satellites to orbit 311 miles above Earth. Workers at the Alabama facility handled final assembly of the Atlas V and fabricated its booster, as well as producing

CFD Research expands their facility in Hollywood, Alabama

Brandon Moseley September 7, 2023

Last week, CFD Research Corporation held a groundbreaking ceremony for an additional facility at its Engineering Test Center in Hollywood, Alabama. The company said that the new 19,000-square-foot building will support work for ongoing contracts with the Army Space and Missile Defense Command (SMDC), the Air Force Arnold Engineering Development Complex (AEDC), and other customers. Sameer Singhal is the President and CEO of CFD Research. “Thank you to the town of Hollywood and Jackson County for welcoming us so graciously and celebrating this groundbreaking event, and thank you to the Alabama Department of Commerce for its support,” said President Singhal. The location and proximity to our other facilities has been an ideal solution and will enable us to work more

Small Business Money

Trendco investing $43 million in Macon County

Brandon Moseley August 15, 2023

On Thursday, Trendco USA announced plans to invest $43 million to launch a nitrile medical glove manufacturing operation in the new Regional East Alabama Logistics (REAL) Park in Macon County. The company plans to create 292 jobs over five years at its new facility. South Carolina-based Trendco also considered sites in Georgia and the Carolinas for the project. Darryl Hunter is the CEO of Trendco USA. “We are very excited about our move to Alabama and look forward to building our PPE manufacturing facility in Tuskegee,” said Hunter. “We believe the people of Tuskegee and the surrounding communities will play a vital role in our success in the medical technology sector.” Trendco is an early-stage

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