Alabama companies among those losing Energy funding; Birmingham-area mall slated to become business park; Dothan manufacturer to lay off more than 70; United Community bank names Alabama president; Birmingham will host AAC basketball championships

At least two Alabama operations will lose funding as part of the termination of $3.7 billion Biden-era Energy Department awards for new technologies to lower emissions.

Alabama companies among those losing Energy funding

At least two Alabama operations will lose funding as part of the termination of $3.7 billion Biden-era Energy Department awards for new technologies to lower emissions. American Cast Iron Pipe Company in Birmingham and the United States Pipe and Foundry Company in Bessemer will each lose $75 million. Also on the list is $200 million for Technip, which has a location in Theodore, though the list says the termination will be at a Gulf Coast location to be determined. – The New York Times

Birmingham-area mall slated to become business park

Bessemer’s Mall at Westlake has been purchased by an Ohio real estate investment company that plans to turn the vacant spot into a light industrial park. Range Light Investment Partners acquired the property for $3 million and plan to turn it into the Marvel City Business Park. – AL.com

Dothan manufacturer to lay off more than 70

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Dothan-based Globe Motors plans to layoff 73 employees, according to a notice filed with the state of Alabama. The layoffs are scheduled to begin in July. – Made in Alabama

United Community bank names Alabama president

United Community has named Jason Phillippe president of its Alabama and Florida Panhandle markets. Phillippe most recently has been Northeast Alabama market executive and senior commercial lender for Regions Bank. – United Community

Birmingham will host AAC basketball championships

Birmingham’s Legacy Arena will be the site of the 2026 Men’s and Women’s Basketball Championships for the American Athletic Conference. The University of Alabama at Birmingham is in the AAC. – Bham Now

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