Top Headlines: Commerce team heads to Georgia, Birmingham home sales up

Alabama’s commerce team attending summit in Georgia
Alabama Commerce Secretary Greg Canfield is leading a delegation of state business leaders at an international conference in Savannah, Georgia, that seeks to amplify the longstanding economic and cultural ties between seven Southeastern states and Japan. The 42nd annual joint meeting of the Southeast U.S.-Japan and the Japan-Southeast associations, known as SEUS Japan 42, began Monday and concludes today with speeches and high-level panel discussions. – Made In Alabama

More than a third of Alabama’s income comes from Uncle Sam
A new report from The Pew Charitable Trusts showed that Alabama received 36.8 percent of its revenue from federal funds in the fiscal year 2017. The data analyzed all 50 states, determining how much of each state’s revenue comes from federal dollars. Alabama has stayed at a steadily higher percentage than the 50-state share for revenue from federal funds since 2001. – AL Political Reporter

Birmingham-area September home sales up 11% from prior year
Birmingham-area residential sales totaled 1,453 units during September, up 10.9% from 1,310 sales in the same month a year earlier, according to the Greater Alabama Multiple Listing Service. September sales were down 5.8% compared to 1,543 sales in August. Results were 17.3% above the five-year September average of 1,238 sales. – ACRE Research/Alabama NewsCenter

New state initiative helps market what’s grown in Alabama
More help is coming for state farmers as Alabama agricultural officials launch a new program to help identify locally grown food. It’s called Sweet Grown Alabama, and it could help farmers separate their product from what’s grown outside the state. Farmers in Baldwin County are working hard every day to provide produce to markets throughout the state. But even if you’re looking, you might miss their products. – NBC15

ServisFirst sees net income of $37.6M in 3Q
ServisFirst Bancshares Inc. on Monday reported third-quarter net income of $37.6 million. The Birmingham-based company said it had profit of 69 cents per share. Earnings, adjusted for non-recurring gains, were 67 cents per share. The holding company for ServisFirst Bank posted revenue of $107.3 million in the period. ServisFirst shares have risen 6.5% since the beginning of the year. – AP

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Birmingham apartment complex involved in sales totaling $39 million
Apartment complexes in Birmingham and Phenix City were involved in two separate deals totaling almost $39 million. Berkadia announced the deals for two garden-style multifamily properties. Senior Managing Director David Oakley, Senior Director David Wilson and Associate Directors Caleb Frizzell and Jay Briley, all of Berkadia’s Birmingham office, completed both sales. –

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