Proposed Senate Bill 132 Threatens Legal Hemp in Alabama
News Summary Alabama’s Senate Bill 132, introduced by Senator Tim Melson, seeks to criminalize legal hemp products such as Delta 8 and Delta 9. This legislation threatens local businesses, reduces access to beneficial health products, and raises concerns about the impact on the growing hemp market. Advocates for reform call for more liberal hemp laws, […]
Local Business Owners Unite Against Proposed Hemp Legislation in Alabama
News Summary Local business owners in Alabama are rallying against Senate Bill 132, which proposes to criminalize hemp-derived THC products. Concerns are growing over the potential economic fallout and health implications if the bill passes. Advocates argue that the legislation threatens local businesses and limits access to beneficial health products, while lawmakers cite safety issues. […]
Birmingham to Host Major Fundraiser Event Featuring Notable Speaker
News Summary Birmingham is gearing up for the annual ‘Evening for Progress’ hosted by the Business Council of Alabama on October 16, 2024. This fundraising event will feature a keynote address from a legendary football coach, emphasizing leadership and business growth. Corporate sponsors can secure tickets starting at $2,500 and have a chance to engage […]
Alabama Legislature Considers New Development Fund
News Summary The Alabama Legislature is reviewing the Alabama Development Fund, endorsed by the Alabama Growth Alliance and supported by state officials. This initiative aims to create a sustainable funding model for rural development, infrastructure improvements, and job recruitment without raising taxes. Governor Kay Ivey leads a panel endorsing the fund, which seeks to enhance […]
Tragic Loss in Birmingham: JPMorgan Chase Executive Dies
News Summary Birmingham mourns the passing of Chip Smallwood, a prominent banking executive with JPMorgan Chase. At 64, his contributions to the local community and the banking sector will be remembered. Smallwood led commercial banking in Alabama, significantly impacting local businesses. Family and community reflect on his dedication, warmth, and the legacy he leaves behind. […]
Alabama Court Ruling Impacts Corporate Transparency Act
News Summary A federal judge in Alabama has deemed the Corporate Transparency Act unconstitutional, halting the Treasury Department’s enforcement efforts. This ruling, significant for small businesses, raises concerns about financial crime prevention versus privacy rights. The decision underscores congressional overreach and leaves many businesses relieved from reporting requirements, highlighting the ongoing debate over transparency versus […]
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 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 […]
Birmingham’s Dr. Jesse J. Lewis Celebrates 100 Years
News Summary On January 3, 2025, Dr. Jesse J. Lewis Sr. marked an incredible milestone by celebrating his 100th birthday in Birmingham, Alabama. Known for his resilience and significant contributions to the community, Dr. Lewis’s life is a testament to hard work and ambition. From founding The Birmingham Times to launching the first Black-owned advertising […]