Orlando Named Top City for Entrepreneurs in the U.S.
News Summary A recent study by WalletHub has ranked Orlando, Florida, as the best city in the United States for entrepreneurs, due to its low costs, ample resources, and supportive business climate. The city outpaced others with high small business growth rates and access to investors. Tampa and Austin followed in the rankings, each offering […]
Birmingham and Tuscaloosa Shine in Small Business Growth
News Summary Birmingham and Tuscaloosa have emerged as leaders in small business growth, outpacing larger cities, according to a new analysis. The report reveals significant increases in business-to-business payments, with Birmingham experiencing an 84% rise since 2020. This growth is linked to population influx, favorable business conditions, and strong community support initiatives. As a result, […]
Y’all Sweet Tea Secures $500,000 Investment on Shark Tank
News Summary Alabama entrepreneurs Darien Craig and Brandon Echols made waves on Shark Tank, securing a $500,000 investment for their beverage brand, Y’all Sweet Tea. The duo accepted an offer from notable investors, Rashaun Williams and Lori Greiner, in exchange for a 15% equity stake. With prior sales exceeding $10.3 million and a growing retail […]
Alabama Construction Sector Faces Workforce Shortages
News Summary Alabama’s construction industry is struggling with workforce challenges due to declining job growth and restrictive immigration policies. With 34% of workers being foreign-born, labor shortages have intensified. A recent survey revealed that many construction firms are facing difficulties finding qualified workers, with some reports of immigration enforcement impacting both undocumented and legal workers. […]
EDPA Acquires Birmingham Bound to Boost Tech Innovation
News Summary The Economic Development Partnership of Alabama (EDPA) has acquired Birmingham Bound, a program that has attracted over 20 tech companies since 2018. This acquisition aims to enhance lead generation for technology firms statewide, transforming Birmingham Bound into a significant component of Alabama’s innovation ecosystem. With a strategic plan in place and key leadership, […]
Alabama Honors Outstanding Small Business Owners
News Summary The Business Council of Alabama and the Chamber of Commerce Association of Alabama celebrated 40 small business owners at the annual Small Business of the Year Awards. Recognizing vital contributions to the local economy, nominees were evaluated on community involvement and overall success. Categories included emerging businesses and those with different employee sizes. […]
Bargain Hunt Launches Going-Out-Of-Business Sales After Bankruptcy
News Summary Bargain Hunt has started going-out-of-business sales across its 95 locations following a Chapter 11 bankruptcy filing. The significant liquidation event offers discounts of up to 40%. Customers in 10 states are encouraged to visit their local stores before final closures expected by February 2025. Sales are final after January 30, and gift cards […]
Alabama Ranks as Sixth Most Expensive State to Start a Business
News Summary A recent study by Simplify LLC reveals that Alabama is the sixth most expensive state for starting a business in the U.S. The study factors in high LLC filing fees, corporate tax rates, and labor participation to highlight significant hurdles for entrepreneurs. With Alabama’s costs overshadowing potential benefits, prospective business owners are urged […]
Nominations Open for 2026 National Small Business Week Awards in Alabama
News Summary Alabama has opened nominations for the 2026 National Small Business Week Awards, recognizing local entrepreneurs across various categories. Categories include Veteran-Owned, Women-Owned, Small Business Manufacturer, and Rural-Owned Business of the Year. The winners will compete for state and national titles, with the ceremony planned in Washington, D.C. in May 2026. The initiative aims […]
Nominations Open for National Small Business Week Awards
News Summary The U.S. Small Business Administration has announced that nominations are open for the 2026 National Small Business Week Awards, celebrating the achievements of small businesses. Categories include Veteran-Owned, Women-Owned, Small Business Manufacturer, and Rural-Owned Business of the Year. Winners at the state level will compete for the National Small Business Person of the […]