Venture Capital Fund Moves Back to Alabama to Empower Startups
News Summary Alabama is set to witness a transformative change as Anita C. Roberts relocates her $25 million venture capital fund, Silicon Hills Capital, back to her home state. Driven by a passion for empowering underrepresented founders, Roberts aims to enhance the local startup ecosystem, asserting the need for diverse voices and accessible capital. With […]
Fifth Third Bank Expands to Alabama with New Branches
News Summary Fifth Third Bank is set to open its first branches in Alabama, with plans for a total of 15 locations in Birmingham and Huntsville over the next four years. This expansion is part of a larger strategy to open 200 branches in the Southeast, leveraging significant retail deposit growth and rapid population growth […]
Raymond Harbert Inducted into Alabama Business Hall of Fame
News Summary Raymond Harbert, son of industrial titan John Harbert, is set for induction into the Alabama Business Hall of Fame on November 14, 2024. Recognized for his impactful contributions to Birmingham’s economy, Harbert has shifted the Harbert Corporation’s focus towards investment management, creating the successful Harbert Management Corporation. His dedication extends beyond business, with […]
Alabama Updates: STAR ID Deadline, New Baptist Leader, and Job Grant
News Summary Alabama is buzzing with important updates including the upcoming STAR ID deadline on May 7, the appointment of Rev. Boise Kimber as the new president of the National Baptist Convention, and job creation opportunities with a $400,000 federal grant for Conecuh Sausage’s new manufacturing plant. Additionally, former NFL player Marcell Dareus has faced […]
Alabama Achieves Top 10 Ranking for Business Environment
News Summary Alabama has earned the No. 8 position in Area Development’s 2024 ‘Top States for Doing Business’ rankings, highlighting its favorable business policies and environment. Key factors contributing to this ranking include the state’s property tax environment, workforce training programs, and effective business incentive structures. Notably, Alabama’s AIDT plays a crucial role in ensuring […]
Alabama Appeals Court Reinstates Corporate Transparency Act
News Summary The Alabama Appeals Court has reinstated the Corporate Transparency Act (CTA), requiring small business owners to disclose ownership information to combat money laundering. This ruling poses significant implications for businesses with fewer than 20 employees and under $5 million in sales, who must now comply with federal regulations or face severe penalties. While […]
Onelife Fitness to Open First Club in McCalla
News Summary Onelife Fitness has announced plans to open its first Alabama club in McCalla in December 2025. The $10 million investment will create over 100 job opportunities and feature state-of-the-art facilities, including an indoor saltwater pool, Olympic platforms, and a kids club. The new fitness center promises innovative fitness options and a community-focused environment, […]
Leadership Change at EDPA in Birmingham, Alabama
News Summary Birmingham, Alabama is witnessing a significant shift in leadership as Miller Girvin becomes the new president of the Economic Development Partnership of Alabama (EDPA) on January 1, 2025. Girvin succeeds Greg Barker, who has been at the helm for several years. With a focus on economic growth, workforce development, and innovation, Girvin aims […]
JST Manufacturing Facility Set to Transform Guntersville
News Summary Guntersville is poised for transformation with the announcement of a new 300,000-square-foot manufacturing facility by JST, a Japanese electronics company. Located at Conners Island Business Park, the facility will create 80 jobs and elevate the local economy. JST aims to expand into the automotive sector, producing electrical connectors and cable assemblies. The innovative […]
Buc-ee’s Travel Center Coming to Harrison County
News Summary Harrison County is set to welcome Mississippi’s first Buc-ee’s Travel Center, with a groundbreaking slated for Spring 2025. The center will feature 74,000 square feet of offerings, aiming to attract 5 million visitors annually and create about 200 full-time jobs. As a $50 million investment, Buc-ee’s promises to enhance local infrastructure while providing […]