South Korean company to buy Huntsville’s Cimarron Composites
South Korea’s Hanwha Solutions plans a $100 million investment before 2025 after it buys Huntsville’s Cimarron Composites. Cimarron manufactures large hydrogen tanks and aerospace tanks, and the purchase is part of Hanwha’s expansion into the green hydrogen industry. The purchase is expected to be complete by April. – H2 View
Regions Bank PAC loses thousands to fraud
Regions Bank’s political action committee lost more than $31,000 through fraud. The alleged fraud occurred in November, and an internal review said it most likely happened via counterfeit checks. – Alabama Political Reporter
Beyonce gives Birmingham entrepreneur $10k grant
The singer Beyonce awarded Birmingham’s Joy King, owner of Eat.Drink.Ride food tour, $10,000 as part of her BeyGood Black-Owned Small Business Impact Fund. King, a comedian, takes guests on Birmingham food tours on a party bus. – Bham Now
Birmingham home sales up 28% in December
Sales of homes in Birmingham increased 28.2% year-over-year in December 2020 and 7.5% from the previous month. According to the Greater Alabama MLS, homes listed for sale decreased 17.3% year-over-year in December. – Alabama NewsCenter
Buc-ee’s to open Leeds location
Convenience superstore Buc-cee’s will open its second Alabama location with a ribbon-cutting ceremony in Leeds on Jan. 25. The Buc-cee’s Leeds will have 120 fueling positions. This opening follows Buc-ee’s first in the state in Loxley. – WAFF 48
