Search Results for: Alabama Department of Commerce – Page 2

Alabama Resiliency Council meets for first time

On Wednesday, the Alabama Resiliency Council met for the first time. The Council was joined at its inaugural meeting by Governor Kay Ivey. “Today, I kicked off the inaugural meeting of the Alabama Resilience Council,” Gov. Ivey said on Twitter. “I established this council to help us better prepare for when disaster strikes so we can preserve lives, protect jobs, and ensure our state’s future remains bright.” As the Council met, our neighbors to the west in Louisiana are fighting wildfires due to a historic drought, and Hurricane Idalia is wreaking havoc on our neighbors to our east, Florida and Georgia. According to the Council’s website, in the last 40 years, more than 1,100

Auto parts maker Shinhwa plans $114M expansion at Alabama facility, creating jobs

An auto parts supplier plans a $114 million investment to expand its facility in Alabama to support the production of electric vehicle parts, Gov. Kay Ivey’s office announced Tuesday. Shinhwa Auto USA Corp.’s expansion will create 50 jobs over the next three years and add a 170,000-square-foot production building on the company’s site in Auburn Technology Park West, officials said. The average salary of workers at the plant will be about $48,000, the Alabama Department of Commerce said. “Shinhwa’s constant growth in Auburn demonstrates Alabama, through high levels of innovation and technical prowess, is preparing for an evolving future,” Ivey said in a news release. “Shinhwa’s story here

Alabama wins Silver Shovel Award for 2022 economic development successes

Last week the State of Alabama was awarded a Silver Shovel Award. Alabama Governor Kay Ivey announced that Area Development, a national business publication, has selected Alabama for its Silver Shovel Award. This is in recognition of the state’s economic development successes during 2022. “The Silver Shovel Award is yet another testament to Alabama’s strong pro-business environment and to the talented workers that help companies from around the world grow and thrive,” said Gov. Ivey. “This honor also demonstrates that our efforts to create good jobs and spark economic growth are producing results in Sweet Home Alabama.” 👏: Once again, Alabama has claimed a Silver Shovel Award from @AreaDevelopment for our 2022 economic

Alabama House to consider ambitious special-order calendar on Wednesday

The Alabama House of Representatives will meet on Wednesday at 1:00 p.m. to consider a very ambitious proposed special-order calendar. Senate Bill 206 (SB206) is sponsored by State Senator Clyde Chambliss (R-Prattville). It is being carried on the floor by State Representative Allen Treadaway (R-Morris). SB206 creates the crime of organized retail theft and turns what used to be misdemeanor shoplifting into a felony. Senate Bill 261 (SB261) is sponsored by Sen. Dan Roberts (R-Mountain Brook). It is carried in the House by Rep. Chip Brown (R-Hollinger’s Island). The anti-ESG legislation would prohibit state and local governments from entering into certain contracts that boycott businesses in certain sectors or based on certain environmental or corporate governance criteria. Senate

Gov. Kay Ivey establishes the Alabama Resilience Council by executive order

Governor Kay Ivey on Friday signed Executive Order 736, establishing the Alabama Resilience Council. Ivey said in a press release that this action is a key part of the Administration’s plan to make Alabama the most resilient state in the nation by protecting the lives, property, and economic well-being of Alabamians against possible hazards, both natural and man-made. “Protecting the well-being of our people, both physically and financially, should be a top priority shared by leaders at all levels of government,” said Gov. Ivey. “Alabama is growing like never before, and it’s imperative we take necessary steps today to preserve our historic progress for tomorrow. By proactively reimagining our approach to events

China

Bill to prevent China from buying Alabama real estate passes House

On Tuesday, the Alabama House of Representatives passed legislation that would forbid Chinese citizens, Chinese businesses and corporations, and the Chinese Communist Party and government from being able to purchase land and other real property in the state of Alabama. House Bill 379 (HB379) is sponsored by House Majority Leader Scott Stadthagen. Stadthagen said, “They are the biggest threat to us.” The synopsis states, “Under existing law, an alien, whether resident or nonresident, may own, hold, or dispose of real property with the same rights as a native citizen. This bill would prohibit Chinese citizens, the Chinese government, or Chinese entities from acquiring title to real property in the state.”

Gov. Kay Ivey awards six Alabama companies with Trade Excellence

On Wednesday, Alabama Governor Kay Ivey hosted the Governor’s Trade Excellence Awards Ceremony. During the event, Governor Ivey signed a proclamation proclaiming May as World Trade Month. This year’s ceremony recognized six of Alabama’s top international trade exporters and finest trade companies, as well as the 2023 Trade Advocate of the Year. “I recognized @TuskegeeUniv and six Alabama companies for their trade success in the global market,” Gov. Ivey said on Twitter. “Their economic activities ranged from automotive manufacturing to food production.” The six exporters honored in the Governor’s Trade Excellence Awards were: ·       Adah International LLC · Bud’s Best Cookies ·       Canfor Southern Pine ·       Hyundai Motor Manufacturing Alabama ·       ICONN Orthopedics

Alabama legislature advances Governor’s “Gameplan” economic incentives package

On Thursday, both the Alabama House of Representatives and the Senate voted in favor of portions of Alabama Governor Kay Ivey’s “Game Plan” legislative package. “The Game Plan will position Alabama for a new era of vigorous growth, allowing us to continue our record-breaking economic development success while providing new levels of support for the state’s innovation economy,” said Gov. Ivey. “This package will benefit all Alabamians, those living in both urban centers and rural areas, and ensure our citizens are ready for high-paying careers.” “The Game Plan — our plan for Alabama’s continued economic success — had great momentum today in the Alabama Legislature,” Ivey wrote on Twitter. “I

Alabama lawmakers advance economic development bills package

Alabama lawmakers advanced Thursday a package of economic development bills that would renew and expand the tax breaks and other incentive programs the state uses to lure industries. The Alabama House of Representatives approved the four-bill package that Republican Gov. Kay Ivey dubbed “the game plan” for economic development. The bills now move to the Alabama Senate, where a vote is expected next week. The bills were approved without a dissenting vote. The centerpiece of the package is a bill that reauthorizes and expands the Alabama Jobs Act, which gives tax credits for capital investments and cash rebates for job creation. The program is the state’s primary economic

Report shows Alabama economic development clustered in cities

Alabama officials bragged this week about a record year for economic development, though only a small percentage of that investment went to rural counties. On Thursday, Republican second-term Gov. Kay Ivey said economic development in Alabama generated $10.1 billion in new capital investment during 2022, eclipsing the previous high of $8.7 billion in 2018. Only 17.7% of that, or $1.79 billion, went to the state’s rural areas.  Most of that was for First Solar, which is building a $1.5 billion solar panel plant in Lawrence County in north Alabama that will receive a 20-year abatement on property and sales taxes that the Moulton Advertiser reported as adding up to $50

Alabama automakers hitting new milestones with electric vehicle production underway

Alabama Commerce Secretary Greg Canfield said in a statement that the Alabama auto industry is moving forward with electric vehicle production. “Alabama’s auto sector is poised for a pivotal year in 2023, as our automakers respond to major industry challenges, embrace new technologies and continue to turn out high-quality vehicles that are in demand around the world,” Canfield said. “Hyundai’s Alabama plant recently began assembling its first all-electric SUV, the electrified Genesis GV70, following the production launches of EQS and EQE luxury sport utilities at the Mercedes-Benz facility,” Canfield continued. “Meanwhile, Honda’s plant is planning updates for some of its Alabama-made models, and the new Mazda Toyota Manufacturing factory is proceeding with its hiring plans.” “As always,

Alabama lawmakers set to focus on Jobs Act and economic incentives for 2023 session

Now that the Alabama Special Session is done and ARPA funds have been allocated, leaders can focus on the 2023 regular session that begins on Tuesday. Speaker of the House Nathaniel Ledbetter explained that the Alabama Jobs Act would be one of their first priorities. “(The Alabama Jobs Act) is going to be priority No. 1 coming back after break. I think you’ll see a big push for that,” Ledbetter stated. “They’ve been very positive for our state. We’ve seen the job growth has been tremendous because of it. We’ve looked at the numbers; we got a return on the investment of 173% over a 20-year period.” Ledbetter