New Western opens Birmingham office; Fitch assigns AA rating for $755 million in prison bonds; Lakepoint State Park opens off-road course; Crypto currency firm under scrutiny; Imperial Dade opens Baldwin logistics hub

New Western opens Birmingham office

New Western, which specialized in buying vacant residential properties and rejuvenating them for the marketplace, has opened an office in Birmingham. Alabama is New Western’s 20th state. – Cision

 

Fitch assigns AA rating for $755 million in prison bonds

Fitch Ratings Services has assigned a AA rating for bonds to fund construction of two prisons. The state anticipates taking the $755 million worth of bonds to the marketplace June 28. – Fitch Ratings

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Lakepoint State Park opens off-road course

State officials gathered June 16 to cut the ribbon on a new off-road vehicle course at Lakepoint State Park in Eufaula. The park expects to have vehicles available for rent. – Outdoor Alabama

 

Crypto currency firm under scrutiny

Alabama is one of five states launching an investigation in crypto currency firm Celcius Network. The investigation was triggered by the firm’s announcement Monday that customers could not withdraw their funds because of extreme market conditions. – CNBC

 

Imperial Dade opens Baldwin logistics hub

Independent food distributor Imperial Dade opened a 221,000-square-foot warehouse and logistics center in Loxley Thursday. The facility represents a $20 million investment, and county officials expect it to have 55 employees. – Valdosta Daily Times

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