Top Headlines: Huntsville council authorizes action against Remington, Hyundai Montgomery expansion?

Hyundai Montgomery plant headed for expansion?
Hyundai Motor Manufacturing Alabama, operating three full shifts a day to meet demand for the SUVs and sedans it produces, may require expansion, but no immediate plans are in the works, says Hyundai’s chief executive for North America. — Bloomberg 

Huntsville council authorizes action against Remington
When Remington Arms announced plans to open in Huntsville, the City offered incentives valued at nearly $10 million. Now the company is filing for bankruptcy protection and the city council authorized legal action to protect its financial interests. The city holds a $12.5 million lien on the company’s $47.3 million building. —

EDPA’s Reignite Alabama competition awards $150,000 to four firms
Four winners were selected Thursday in the Reignite Alabama pitch competition sponsored by the Economic Development Partnership of Alabama. The four shared $150,000 in start-up funds. Winners are Motion Mobs, Birmingham, in lifestyle; Obex Health/Satterfield Technologies, Birmingham, in healthcare; Safe Cops Stops, Riverside, in education, and Seamley, Huntsville, in industrial and manufacturing. — Reignite Alabama

Hoover earmarks land for proposed interchange
Hoover city officials took steps toward purchasing land for a possible I-459 interchange, approving a purchase option agreement allowing it up to three years to buy the property. — Hoover Sun 

Alabama Power crews aiding Louisiana cleanup
Crews from Alabama Power Co. and other Alabama utilities have headed to Louisiana to help restore power in the wake of Hurricane Laura. — WBRC-TV

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