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 […]
Montgomery Gubernatorial Race Heating Up for 2026
News Summary The political landscape in Montgomery is buzzing as the 2026 gubernatorial race approaches. With current Governor Kay Ivey term-limited, potential candidates are emerging, including Lt. Governor Will Ainsworth and Attorney General Steve Marshall. The race is set to be competitive, evoking memories of previous election cycles. Fundraising efforts are already underway, presenting opportunities […]
Montgomery Prepares for the 2026 Alabama Gubernatorial Race
News Summary The 2026 Alabama gubernatorial race is shaping up to be a thrilling contest in Montgomery with multiple candidates stepping forward. Notably, Lt. Gov. Will Ainsworth is leading the charge focusing on key issues, while the potential candidacy of U.S. Senator Tommy Tuberville looms large. The shift in dynamics is paving the way for […]
Alabama Celebrates Japan-America Society Annual Dinner
News Summary The Japan-America Society of Alabama held its 2024 Annual Dinner and Business Forum in Birmingham, celebrating strong ties between Alabama and Japan. The event recognized six Japanese companies for their contributions to the state’s economy, with investments exceeding $5 billion since 2015 and 8,000 job commitments. Keynote speeches highlighted the importance of U.S.-Japan […]