Huntsville’s Dynamic Duo Honored as Alabama’s Top Small Business
News Summary Kim and Larry Lewis of ProjectXYZ Inc. have been named Alabama’s Small Business Persons of the Year by the U.S. Small Business Administration, celebrating their impactful contributions and innovation within the community. With a track record of excellence since 2002, they exemplify the spirit of entrepreneurship and are set to compete for the […]
Alabama Businesses Raise Alarm Over Rising Tariffs
News Summary At the Buy Alabama’s Best Day event in Montgomery, local businesses voiced concerns about the effects of increasing tariffs, particularly on food products. Companies, including Milo’s Sweet Tea and Bud’s Best Cookies, are worried about balancing pricing and quality in response to new taxes. Newly established brands like Y’all Sweet Tea are also […]
Birmingham Advocates for Community Pharmacy Protection
News Summary As independent pharmacies face severe financial pressures, the Alabama Senate has voted unanimously to propose a bill to ensure minimum reimbursement rates. This legislation aims to stabilize community pharmacies, which are crucial for local healthcare. With an alarming rate of closures, the proposed bill highlights the need for supporting these essential businesses and […]
Alabama’s Biotech Community Faces Funding Challenges
News Summary Alabama’s biotech sector faces uncertain times due to proposed cuts in NIH funding, which may upset ongoing research and economic stability. New BIO Alabama chair Karim Budhwani aims to unify efforts for more robust funding while addressing concerns raised by state politicians. Researchers are on high alert as the future of vital projects […]
Huntsville Duo Honored as Alabama’s Small Business Persons of the Year
News Summary Kim and Larry Lewis, the founders of PROJECTXYZ, Inc., have been named Alabama’s Small Business Persons of the Year for 2025. Their company has significantly impacted the Huntsville community by providing innovative technical solutions since 2002. This award recognizes their hard work and dedication, highlighting the essential role small businesses play in local […]
Renasant Corporation and The First Bancshares Merger Announcement
News Summary Renasant Corporation plans to acquire The First Bancshares in an all-stock merger worth $1.2 billion. This collaboration aims to create a banking powerhouse in the Southeastern US, combining assets totaling approximately $26 billion and expanding banking locations across the region. The merger is set to close on April 1, 2025, pending regulatory approvals, […]
Birmingham Secures $2.7 Million for Biotech Companies
News Summary Birmingham, Alabama, is set to benefit from over $2.7 million in funding awarded to eight innovative biotech companies by Southern Research. This funding, sourced from the Therapeutics Development Fund, aims to enhance medical advancements and job opportunities in the region. The initiative, supported by the Innovate Alabama Tax Credit, will not only aid […]
Birmingham Community Mourns the Loss of Banking Icon
News Summary The Birmingham community is grieving the sudden loss of Chip Smallwood, a respected banking executive who passed away at the age of 64. Known for his dedication to both his career and family, Smallwood had a significant impact on the local banking landscape during his tenure at JPMorgan Chase and other institutions. His […]
Montgomery to Birmingham Train Service Efforts Gain Momentum
News Summary Montgomery is currently abuzz with excitement as the Southern Rail Commission seeks to restore passenger rail service to Birmingham. A significant $950,000 grant application has been submitted to complete vital environmental studies, potentially leading to train service within six to nine months. This initiative will not only improve connectivity for local residents but […]
Alabama Faces Winter Storms: Emergency Assistance Fund Activated
News Summary As Winter Storms Cora and Enzo impact Alabama, the Alabama Business Charitable Trust has announced a $250,000 emergency assistance fund to help residents with heating bills. The support aims to ease the financial burden on households struggling with increased heating costs during this severe weather. Governor Kay Ivey has declared a state of […]