Alabama Small Businesses Affected by New Hemp Legislation
News Summary Alabama’s small business sector faces turmoil due to a new law banning smokable hemp and THC products. Several businesses, like The Green Lady, have closed, leaving entrepreneurs grappling with financial losses and confusion. House Bill 445 imposes strict penalties on certain products, while many owners express frustration over the unclear regulations. As discussions […]
Alabama Ranks 8th Among Nation’s Top States for Doing Business
News Summary Alabama has secured the 8th position in the 2025 Top States for Doing Business ranking by Area Development magazine, showcasing its business-friendly environment. The state excels in various categories, including Favorable Property Tax and overall cost of doing business. Alabama’s commitment to attracting corporate investments is reflected in recent capital investments and strategic […]
Local Business Owner Thrives After Pitch Competition Win
News Summary Emondre Johnson, owner of The Bark Park, has seen significant growth in his dog care business following his victory at the Birmingham Small Business Week Pitch Competition in 2023. The competition has provided him with vital resources and increased visibility, which has allowed him to offer a variety of services for dogs, including […]
Alabama Enacts Stringent Regulations on THC and Hemp Products
News Summary Alabama has enacted House Bill 445, imposing strict regulations on THC and hemp products, including an immediate ban on smokable hemp goods. Effective July 1, businesses must obtain licenses to sell THC and hemp products, with specific restrictions on edible items. Critics argue the law may push consumers to illegal markets, while proponents […]
Alabama Ranks Eighth in Business Competitiveness
News Summary Alabama has been ranked as the eighth-best state for business in the 2025 Top States for Doing Business report by Area Development magazine. This ranking highlights the state’s strong economic foundations and favorable business climate. Alabama excelled in several categories such as Overall Cost of Doing Business and Business Incentive Programs while maintaining […]
Alabama Ranks No. 8 in 2025 States for Doing Business Report
News Summary Alabama has achieved the No. 8 position in Area Development magazine’s 2025 Top States for Doing Business report, standing out for its favorable property tax and strong rankings in multiple business categories. The state has maintained its position from the previous year, reflecting its consistent economic performance and commitment to attracting investments. Recent […]
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 […]