$1 billion Meta fund will include Alabama
Meta and its founder, Mark Zuckerberg, have announced a $1 billion commitment to a fund that includes money for Alabama communities. The company’s “Future Is for Everyone Fund” will be disbursed in communities where Meta’s AI infrastructure is located. — AL.com
Westwater $25 million loan will advance Kellyton plant
The Export-Import Bank of the United States has approved a $25 million loan to Westwater Resources to support continued development of the company’s graphite plant in Kellyton in central Alabama. The loan will provide capital to advance construction, equipment installation and more at the plant, expected to start production in 2027. — Westwater Resources
Collins Aerospace lands $472 million Chinook helicopter contract
Collins Aerospace has been awarded a U.S. Army contract worth up to $472 million to modernize the CH-47 Chinook helicopter fleet. Work will be done at Collins facilities in Huntsville and Iowa. — PR Newswire
Shake Shack part of renovated Foley outlet plan
Shake Shack will be the first of the new dining offerings at the renovated Tanger Outlets Foley. The redesign of the outlet center includes 20,000 square feet of food and beverage space, with the opportunity to feature up to eight new dining concepts, including Shake Shack. — Business Wire
