Florida Governor Rick Scott invests more than $11 million in six Northwest Florida projects from the Florida Job Growth Grant Fund. The Fund was established by Governor Scott and the Florida Legislature last year to enhance economic development across the state. Funds will be used for public infrastructure improvements and workforce training programs.
The U.S. Department of Transportation has announced a $12.7 million grant that will help add a new feature to the Alabama State Docks in Mobile: A vehicle-friendly loading site that could serve the state's growing automotive industry. more...[al.com]
Alabama's auto industry continues to dominate on the international stage, as state-built models were shipped to 88 countries around the globe last year. more...[Made in Alabama]
Rex Lumber is coming to Pike County and is bringing with it a guaranteed investment of over $100 million into the local economy and the provision of at least 110 jobs. more...[Troy Messenger]
UTC Aerospace Systems in Foley reports that it has delivered the first two "neo" engine assemblies to the Airbus Final Assembly Line in Mobile, a milestone for both companies. The neo designation stands for "New Engine Option," meaning next-generation engines with greater fuel efficiency. They're expected to be increasingly in demand in the future. UTC's Foley plant already prepares the engine assemblies for Mobile-built jets with conventional engines; in 2017 it dedicated a substantial expansion dedicated to neo engine work. The demand is there: In December, Delta ordered 100 new A321neo jets, and Airbus CEO Tom Enders said most of them would be manufactured in Mobile. Kristi Tucker, director of communications for Airbus Americas, said at the time that the Mobile Final Assembly Line (FAL) was expected to deliver its first neo-powered jet in 2018. UTC Aerospace Systems in Foley reports that it has delivered the first two "neo" engine assemblies to the Airbus Final Assembly Line in Mobile, a milestone for both companies. more...al.com [al.com]
SELMA, Alabama - Memphis, Tennessee-based International Paper (IP) plans to increase a planned investment in its Riverdale Mill in Dallas County to $552.7 million as it optimizes the facility's product mix and boosts productivity. more...Made in Alabama
EA Group has acquired its first U.S. forest property, and it's in Alabama. The company, which owns approximately 250,000 acres of European forest land, has purchased approximately 25,000 acres in Lowndes County, according to an announcement from the company. more... al.com
BioAlabama is looking to formalize a life sciences network throughout the state to enhance economic development in an important industry that stretches to nearly every corner of Alabama. more...[Alabama NewsCenter]
Alabama Gov. Kay Ivey on Friday announced that Enterprise State Community College would get a $2.5 million grant to expand the Alabama Aviation College in Ozark. The money will fund renovation of existing facilities and the purchase of new equipment that will allow the college to offer an advanced composite program. Funds may also be used for other workforce development projects by the facility. Read more...[Dothan Eagle]
Governor Kay Ivey announced today that Kimber Mfg Inc., a leading U.S. firearms manufacturer, has finalized plans to open a production facility in Troy, where it will create 366 jobs and invest $38 million into the local economy over the next five years. Read more at Made in Alabama...