Key Industrial Pillars Support Alabama’s Recovery from Coronavirus Crisis
October 1, 2020
By Greg Canfield, Secretary, Alabama Department of Commerce
For Alabama, along with the rest of the country, the year 2020 has clearly played out as a “best of times, worst of times” scenario.
In Alabama, the year started off with a bang. The state’s economy was prospering like never before, with a record number of Alabamians holding down jobs and the lowest unemployment rates ever recorded. From one end of Alabama to the other, factories were boosting production while businesses of all kinds were performing strongly.
In early spring,...
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Alabama’s Global Footprint is Driving Economic Growth in Key Industries
September 30, 2019
By Greg Canfield, Secretary, Alabama Department of Commerce
It’s no secret that Alabama has been a prime U.S. destination for foreign direct investment for many years.
This really began in 1993, when Mercedes-Benz selected Alabama for its first U.S. auto assembly plant. The decision, which climaxed an intense nationwide competition for a coveted industrial prize, stood as a compelling seal of approval from a gold-plated global brand.
Since then, Mercedes’ success in Alabama has served to lay a foundation for future foreign investment acro...
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Related Reading
Auto supplier IAC plans Alabama expansions creating over 180 jobs
October 20, 2020
Montgomery, AL – Governor Kay Ivey announced today that International Automotive Components Group North America Inc. (IAC) plans to invest over ...
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Port of Epes Industrial Park in Livingston, Alabama, Opportunity Zone
October 20, 2020
– U.S. Department of Commerce Invests $1.7 Million to Boost Capacity of the Port of Epes Industrial Park in Livingston, Alabama, Opportunity Zo...
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U.S. Department of Commerce Invests $8.8 Million in CARES Act Funding to Capitalize
August 7, 2020
Revolving Loan Funds to Help Small Businesses Across Alabama Respond to Coronavirus Washigton D.C. — The U.S. Secretary of Commerce Wilbur Ross ...
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Honda and Its Suppliers had a $12 Billion Economic Impact on State in 2018
August 30, 2019
Honda Manufacturing of Alabama and its suppliers had a $12 billion economic impact on Alabama in 2018, employ over 45,000 in the state and produce 5.4...
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U.S. Department of Commerce Invests $2.9 Million to Provide Critical Infrastructure in Thomasville, Alabama
June 5, 2019
Thomasville, AL — U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding...
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Utility Scale Solar Projects Brighten Alabama’s Tech Recruitment Efforts
February 28, 2019
Huntsville, AL – Massive new utility-scale solar farm projects are poised to dramatically expand Alabama’s solar power capacity as major techn...
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