Top Headlines: Innovation Depot Names Eight to its Velocity Accelerator Program, Belk Working to Avoid Bankruptcy

Innovation Depot names eight to its Velocity Accelerator program
Eight startups have been named to Birmingham’s Innovation Depot’s Velocity Accelerator program. The startups, including six that are Alabama-based, will receive 13 weeks of business and leadership development training beginning Jan. 25. –

Belk working to avoid bankruptcy
Belk and its major lenders are close to an out-of-court deal for the shopping giant – which has 20 stores in Alabama – to avoid Chapter 11 bankruptcy. KKR and Blackstone, two of Belk’s biggest lenders, are hoping to convert part of Belk’s $2.6 billion debt into equity. – CNBC

Tampa company buys Birmingham human resources company
Tampa’s CoAdvantage Corp. has acquired Birmingham-based SourcePointe, giving the human resources firm for small- and mid-sized companies an entry into Alabama, Tennessee and Mississippi. – Business Observer 

Alabama oyster harvest doubled in 2020
About 22,000 sacks of oysters were harvested in Alabama in 2020, doubling the harvest in 2019. The Alabama Department of Conservation and Natural Resources chalks up the haul to improving conditions and a new method developed by the Alabama Marine Resources Division to determine where and when to harvest oysters. – Courier Journal

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