Alabama Business Hall of Fame Inductees Announced
News Summary The Alabama Business Hall of Fame will welcome six new inductees during an annual ceremony in Birmingham. This event honors significant contributors to Alabama’s business sector. The inductees include leaders from various industries who have demonstrated exceptional leadership and commitment to community service. The ceremony, organized by the Culverhouse College of Business, celebrates […]
Alabama Honors 23 Rising Stars in Banking at Luncheon
News Summary Alabama celebrated the achievements of 23 outstanding bankers during the ‘Rising Stars of Banking’ luncheon at the Harbert Center in Birmingham. Emceed by ABC 33/40 anchor Ashonti Ford and Sheila Wardy, the event recognized both seasoned executives and emerging professionals dedicated to the banking industry. Noteworthy honorees included bank leaders from various institutions, […]
Alabama Ranks Eighth in Business Friendliness
News Summary Alabama has been recognized as the eighth best state for business by Area Development magazine in its 2025 report. The state excelled in areas such as favorable property tax and overall cost of doing business, showcasing its commitment to a pro-business environment. Governor Kay Ivey emphasizes Alabama’s readiness for investment and success. With […]
First Bank of Alabama Named Finalist for Small Business Award
News Summary First Bank of Alabama has been recognized as a finalist for the Alabama Small Business of the Year Awards, nominated by the Sylacauga Chamber of Commerce. Competing in the 51-100 Employees category, the bank stands out for its commitment to community engagement and economic impact. The awards ceremony will take place on November […]
Pack Health to Close Headquarters, Resulting in Job Losses
News Summary Pack Health, a digital health coaching company based in Birmingham, will close its headquarters, leading to the loss of 98 jobs. This closure, confirmed by Quest Diagnostics, comes as the company faces market challenges and slower adoption of its services. Despite earlier plans for expansion and job creation, the loss of a major […]
Alabama Ranks Among Top 10 States for Business
News Summary Alabama has been recognized as one of the top 10 states for doing business, ranking 8th in Area Development’s 2025 report. The state excels in favorable property tax, business incentives, and cost of doing business, showcasing its commitment to a supportive business environment. Governor Kay Ivey emphasizes Alabama’s low taxes and smart investments […]
Alabama Ranks Among Top 10 States for Business
News Summary Alabama has achieved a noteworthy milestone by being ranked No. 8 in the annual Top States for Doing Business report by Area Development magazine. This recognition highlights Alabama’s strengths in categories such as favorable property tax, overall cost of doing business, and various business incentive programs. Governor Kay Ivey and Commerce Secretary Ellen […]
Alabama Businesses Eligible for Federal Disaster Loans
News Summary Alabama businesses and private nonprofits affected by heavy rainfall can apply for low-interest federal disaster loans from the SBA. The EIDL program offers loans up to $2 million with favorable terms, including no interest for the first year. Various counties in Alabama and parts of neighboring states are eligible. The application deadline is […]
Labor Rights Activists Highlight Issues at Neptune Technology Group
News Summary Labor rights activists and former employees are raising concerns about unsafe working conditions at Neptune Technology Group in Tallassee, Alabama. A report from Good Neighbors Alabama unveils long working hours, significant injuries, and issues of wage inequality. Despite the company’s denial of misrepresentations, over 84 workers reported serious injuries and excessive hours. With […]
Cracker Barrel to Close 14 Maple Street Biscuit Locations
News Summary Cracker Barrel has announced plans to close 14 company-owned Maple Street Biscuit Company restaurants starting October 1, 2025. This change comes after a significant financial loss attributed to underperforming locations. While Maple Street expanded to 68 restaurants since its acquisition in 2019, the company has faced sluggish growth and performance issues, prompting a […]