Business Alabama Staff
Economic Development projects in Alabama set record in 2022
Economic development in Alabama generated more than $10 billion in new capital investment in 2022, setting a record.
Regions launches International Subsidiaries Banking Group
Regions Bank has launched its International Subsidiaries Banking Group, with a team that will support the banking needs of U.S.-based subsidiaries of global corporations.
John A. Caddell, construction company founder, dies at 93
John A. Caddell, who founded a Montgomery construction firm with his wife and built it into one of Alabama’s largest, died Monday at the age of 93.
Austal golf tourney nets $200,000 for local charities
Mulherin Home, United Way of Southwest Alabama and Eagles Landing benefit from Austal USA event.
Aerojet Rocketdyne receives contract for portion of THAAD system
Aerojet Rocketdyne has been awarded a contract by Lockheed Martin to produce additional solid rocket motors and DACS for the THAAD system.
Three Alabama firms win $126 million in DOD contracts
Contracts were awarded to B.L. Harbert International, Intrepid LLC and Torch Technologies.
UAB Hospital and System have new leaders
Brenda Carlisle named CEO of UAB Hospital; Susan Jennings named CFO of Health System.
Owa water park opens $70 million addition
Owa Parks & Resort in Foley has opened a $70 million expansion that includes a 30,000-square-foot outdoor wave pool.
Canadian manufacturer opening facility in Tuscaloosa County
Epsilon Industries, a Canadian-based off-site construction system manufacturer, plans to open a site in Tuscaloosa that will create 180 jobs.
Alabama’s foreign direct investment increases by 11.8% from 2015 to 2020
Alabama has 116,900 workers employed by international companies, with 57% of those jobs being in manufacturing.