Governor Ivey announces new Growing Alabama funding topping $7M for 4 sites
MONTGOMERY, Alabama — Governor Kay Ivey announced today that the Renewal of Alabama Commission has allocated over $7.2 million in new Growing Alabama funding to four economic development organizations across the state, accelerating the development of industrial and agricultural center sites. These funds are designed to boost site readiness, a critical factor in attracting new...
Sierra Pacific marks opening of new manufacturing facility in Phenix City
PHENIX CITY, Alabama — Governor Kay Ivey joined executives from Sierra Pacific Industries and local officials in Phenix City today to celebrate the official opening of the company’s new manufacturing campus, which will bring 300 jobs to the Russell County community. The $60 million investment in Sierra Pacific Windows, the company’s division focused on high-end...
Advanced engineering firm IS4S plans growth project in Marion County
MONTGOMERY, Alabama — Commerce Secretary Ellen McNair announced today that Integrated Solutions for Systems Inc. (IS4S), a small business specializing in advanced engineering and management solutions, plans to invest $2.1 million to establish a new Research and Development (R&D) center in rural Marion County. The project will create 13 high-paying full-time engineering positions over the...
Enterprise receives $5.7 million SEEDS grant to develop industry-ready sites
ENTERPRISE, Alabama — Today, officials in Coffee County celebrated a $5.7 million grant through Alabama’s Site Evaluation and Economic Development Strategy (SEEDS) program that will enable the purchase of nearly 300 acres to expand and develop industry-ready sites at the Enterprise Commerce Park. Enterprise received the largest SEEDS grant approved by the State Industrial Development...
Governor Ivey receives new economic strategic plan to energize Alabama’s long-term growth
MONTGOMERY, Alabama — Governor Kay Ivey today announced she has received a forward-thinking economic strategic plan presented by Commerce Secretary Ellen McNair. Designed to guide the state’s growth through the next decade and beyond, the plan cements Alabama’s status as a leader in economic development. This comprehensive plan — called Catalyst — replaces the state’s...
Alabama gets high rankings in publication’s ‘Top States for Doing Business’ report
MONTGOMERY, Alabama — Alabama has once again demonstrated its commitment to fostering a thriving business environment, earning a No. 8 ranking in Area Development’s 2024 “Top States for Doing Business” report. This marks another year of Top 10 recognition for the state, as the national publication highlights Alabama’s competitive edge across multiple business-friendly categories. The...
First Solar inaugurates $1.1 billion Alabama manufacturing facility
TRINITY, Alabama — First Solar Inc. today inaugurated its new $1.1 billion solar panel manufacturing facility in Lawrence County, which is expected to create over 800 new energy technology manufacturing jobs in the state. The facility adds 3.5 gigawatts (GW) of fully vertically integrated nameplate solar manufacturing capacity in the United States. The project was...
Goldman Sachs program aims to assist small business in rural Alabama
A new initiative from investment bank Goldman Sachs is poised to support small businesses in rural Alabama, with goals that include growth and job creation. U.S. Senator Katie Britt joined representatives of Goldman Sachs in Birmingham on Friday for the launch of the bank’s “Investment in Rural Communities” initiative in Alabama. The $100 million initiative provides comprehensive...
New investments, strategies position rural Alabama for economic growth
Alabama’s rural communities are on the brink of significant economic expansion, fueled by strategic investments and targeted policies designed to create jobs and enhance infrastructure. “To ensure that we expand opportunities everywhere, my administration is committed to helping spark revival and growth in the state’s rural communities,” Governor Kay Ivey said. “While there is much...
Alabama students target international rocketry crown at Farnborough
A team of high school students from Alabama will compete for global honors in rocket building at the 2024 Farnborough International Airshow. The students from Tharptown High School in Russellville won the American Rocketry Challenge in May, topping 922 teams in the overall competition and the top 100 that faced off in the national finals...