Fifth Third Bank Expands in Alabama with New Branch
News Summary Fifth Third Bank plans to establish a new branch in Vestavia Hills, Alabama, by 2026, as part of a larger strategy to open 15 locations across the state. This expansion reflects the bank’s commitment to enhancing its services and customer experience in response to the growing demand in the region. The modern design […]
Alabama Secures $73 Million from GE Aerospace for Expansion
News Summary GE Aerospace has announced a $73 million investment in Alabama as part of a broader $1 billion initiative across the U.S. The funding will enhance manufacturing and 3D printing capabilities at GE facilities in Auburn and Huntsville, creating jobs and strengthening the aerospace sector. The investment includes upgrades to equipment and facilities, aiming […]
Alabama Leaders Engage in Economic Development Discussions
News Summary Alabama business and economic development leaders gathered in Washington D.C. to collaborate with Congressional representatives on investment strategies and workforce expansion. U.S. Senator Katie Britt emphasized the importance of federal feedback, while U.S. Representative Mike Rogers highlighted Alabama’s aerospace sector as a key growth driver. The meetings aimed at enhancing communication between the […]
Goldman Sachs Launches $100 Million Initiative for Small Businesses in Alabama
News Summary Goldman Sachs has introduced a $100 million initiative to support rural small businesses in Alabama. Announced at a Birmingham event, this program extends the 10,000 Small Businesses framework, offering vital resources including loans and business training. Bipartisan backing was evident with commitments from local lawmakers to enhance tax incentives and reduce regulatory burdens. […]
Orlando Named Best City in the U.S. for Starting a Business
News Summary In WalletHub’s 2025 rankings, Orlando, Florida has been recognized as the top U.S. city for launching new businesses, with Tampa and Austin following closely behind. The study evaluated 100 cities based on factors critical to small business success, including costs, environment, and access to resources. With a high small business growth rate and […]
Orlando Named Top City for Entrepreneurs in the U.S.
News Summary A recent study by WalletHub has ranked Orlando, Florida, as the best city in the United States for entrepreneurs, due to its low costs, ample resources, and supportive business climate. The city outpaced others with high small business growth rates and access to investors. Tampa and Austin followed in the rankings, each offering […]
Mark Callender Appointed New President and CEO of Great Southern Wood
News Summary Great Southern Wood has appointed Mark Callender as the new president and CEO, effective October 1. He succeeds founder Jimmy Rane, who will remain chairman of the board. Callender, with 34 years at the company, plans to continue the legacy of growth and excellence. Alongside this leadership change, Great Southern Wood will undergo […]
Russell Brands to Close Distribution Center in Alabama
News Summary Russell Brands LLC has announced the closure of its distribution operations in Alexander City, Alabama, effective September 29, 2025. This decision will result in nearly 80 job losses, following a WARN notice filed on August 1, 2025. The company, part of the Fruit of the Loom brand, has historically impacted the local economy, […]
Owens Corning to Build New Shingle Manufacturing Plant in Prattville
News Summary Owens Corning has announced plans to establish a new shingle manufacturing facility in Prattville, Alabama, investing approximately $325 million. This project aims to generate nearly 100 skilled jobs and is set to begin construction in early 2026. The 250,000-square-foot plant will utilize advanced technology to produce high-performing roofing products, enhancing the company’s manufacturing […]
Performance Drone Works Launches New Drone Manufacturing Facility
News Summary Performance Drone Works has opened its state-of-the-art manufacturing facility, Drone Factory 01, in Huntsville, Alabama. This 90,000-square-foot facility aims to produce 60,000 drones annually, addressing the critical reliance on foreign-made drones by law enforcement. With plans to hire over 500 workers and an estimated $81 million economic impact, PDW seeks to bolster America’s […]