Tuskegee News Acquired to Combat Local News Desert
News Summary The historic Tuskegee News has been acquired by Tuskegee Media LLC, under the Macon County Economic Development Authority, to ensure access to local journalism. Following the retirement of long-time owners, the acquisition aims to preserve the newspaper’s legacy while promoting community engagement and economic growth. Plans include a digital version and social media […]
Central Alabama Water Board Reduces Payments to BBRC
News Summary The Central Alabama Water Board has voted to revert its monthly payments to the Birmingham Business Resource Center (BBRC) to $20,000 due to concerns over an unexecuted contract. Board members questioned the effectiveness of BBRC’s services and whether they provided tangible benefits. This decision aligns with the board’s commitment to enhance financial accountability, […]
One Big Beautiful Bill Act Signed into Law
News Summary President Trump has signed the One Big Beautiful Bill Act (OBBBA), implementing significant changes to federal tax law that aim to bolster business stability and investment opportunities. The OBBBA makes permanent tax cuts from the 2017 Tax Cuts and Jobs Act while preventing a potential $4 trillion tax increase. Businesses will benefit from […]
Opposition Grows Against Proposed Alabama Senate Bill 132
News Summary Local business owners in Alabama are rallying against Senate Bill 132, which aims to classify Delta 8, Delta 9, and Delta 10 THC as Schedule 1 drugs, potentially threatening the legality of hemp-derived products. Critics argue this could severely impact the state’s hemp market, lead to job losses, and push consumers toward illegal […]
Alabama Achieves Milestone in International Trade
News Summary Alabama has reached a significant milestone in international trade, exporting over $26.8 billion in goods and services. While this reflects a slight decrease from last year’s totals, it represents a nearly 30% increase since 2019. The state’s exports now reach 201 countries, with notable growth to emerging markets and major partners like Canada […]
Alabama Rises in CNBC’s Top States for Business Rankings
News Summary Alabama has improved its position in CNBC’s annual ‘Top States for Business’ report, moving to 19th place. This advancement stems from workforce enhancements, though challenges remain in infrastructure and labor participation. The state is actively addressing workforce issues through legislative efforts and training initiatives. Despite rising in workforce metrics, Alabama faces significant barriers […]
Regions Financial Faces Scrutiny Over Political Activism
News Summary Regions Financial is under increased scrutiny from stakeholders over its political activism and corporate governance practices. Critics argue that the company’s recent donations, including $14.6 million to BLM initiatives, conflict with the traditional values of Alabamians. The 1792 Exchange rates Regions as a ‘Medium Risk’ company, reflecting growing concerns about its alignment with […]
Senator Tuberville Receives Endorsement from ProgressPAC
News Summary U.S. Senator Tommy Tuberville has secured the endorsement of ProgressPAC for his gubernatorial campaign in Alabama. The backing follows a board vote from influential business leaders, praising Tuberville’s focus on workforce development, education, and infrastructure. Tuberville aims to challenge high taxes and overregulation that hinder small businesses. With support from various Republican figures […]
Fayette Secures $733,700 Grant for Industrial Development
News Summary Fayette, Alabama is set to receive a $733,700 grant from the Alabama SEEDS program to acquire 76 acres for industrial development. This strategic investment will enhance the city’s appeal to potential businesses and support local economic growth. The grant will cover two-thirds of the land acquisition costs, and local leaders express optimism about […]
University of Alabama Appoints New President
News Summary Dr. Peter J. Mohler is set to become the new president of the University of Alabama, starting July 21, 2025. With over 20 years of experience in higher education, Mohler aims to enhance UA’s standing as a premier public flagship university. His appointment follows a unanimous approval from the UA System Board of […]