Regions Bank announced Monday that it will build a 75,000-square-foot operations center in Hattiesburg at a cost of $23 million and add 90 jobs. The facility will accommodate employees now working in three locations in downtown Hattiesburg, the bank said in a news release. Birmingham-based Regions Financial Corp. is by far the largest bank operating in Mississippi, with $125 billion …
Birmingham region scorecard: 2,000 new jobs from 2016 projects
The Birmingham Business Alliance said today that economic development activity in its seven-county region generated more than 2,000 jobs and nearly $587 million in new capital investment during 2016. At a breakfast meeting today, BBA leaders also outlined their strategy of harnessing the Birmingham area’s extensive research and technology capabilities to spur growth and create high-tech jobs through initiatives such …
Defense contractor to add 800 jobs in Huntsville
Aerojet Rocketdyne on Monday announced to expand its presence in Huntsville – a move expected to create up to 800 jobs. The company is expanding with a new state-of-the-art manufacturing facility for the company’s AR1 rocket engine and the relocation of engineering, program management and other jobs. “We are two years into the first phase of our competitive improvement program …
Walmart bringing more than 500 jobs to Alabama
Walmart on Wednesday announced plans to build a $135 million distribution center in Mobile, a move projected to create 550 full-time jobs. The new storage and cross-dock facility will be the retail giant’s fourth distribution center in-state and likely provide a significant boost to the Port of Mobile. Construction on the 2.5 million-square-foot distribution facility is expected to take 14 …
Tuscaloosa to Buy Property from Developer
According to the Tuscaloosa News, Pate recently came to an agreement to sell a portion of Patriot Parkway to the city. The move effectively opens up the north side of the road between Alabama Highway 69 South and Old Greensboro Road to new development. Full Article From Birmingham Business Journal
FBI may add 4,000 jobs in Alabama
Huntsville Mayor Tommy Battle has put a number to the planned FBI expansions in Huntsville. Battle late last week said the expansions are projected to create 4,000 new jobs in the area as the FBI looks to relocate its headquarters from the aging Hoover Building in downtown Washington, D.C. Full Article from Birmingham Business Journal
Trump Cheers Exxon Plan to Spend $20B on Gulf Coast Projects
President Donald Trump and Exxon Mobil Corp. exchanged praise for each other on Monday as the company announced plans to create thousands of jobs by spending $20 billion over 10 years on plants along the Gulf Coast. Exxon’s plan started long before Trump entered the White House, however. It includes investments that began in 2013. Exxon said Monday the work …
New Historic Renovation Tax Credit Legislation Introduced
Full Birmingham Business Journal Article Here A bill that would reinstate the historic renovation tax credit program has been introduced in the Alabama Legislature. Senate Bill 262, introduced by Sen. Jabo Waggoner, had its first reading on Feb. 28 by the Senate committee on Finance and Taxation Education. The bill is co-sponsored by 29 senators including Waggoner and Sen. Del …
Boeing announces 400 jobs, $70M investment in Huntsville
Full Birmingham Business Journal Article Here Boeing on Tuesday announced plans to add 400 jobs in Huntsville by 2020 on the back of a $70 million investment. The move is the result of ongoing company-wide consolidations among its strategic defense and intelligence system divisions. That effort will close plants El Paso, Texas and Newington, Virginia, while relocating 400 positions to …
Grants sought to fuel 550 new jobs in Montgomery
{ Full Article Here } Kettering competes with Georgia, Mexico for Tenneco expansion Four communities applying on behalf of six companies are seeking nearly $1.7 million in Montgomery County development funds to create what the businesses say could total nearly 550 new local jobs. By far the largest request — in terms of job potential — comes from Kettering, which …