Edit Module Edit Module
Bookmark and Share Email this page Email Print this page Print Pin It

Top News Links: Tuesday, August 29

More than 50 Alabama businesses on Inc.’s hot growth list

Many Alabama cities have seen a shift in what drives the economy, as some cities have transitioned from manufacturing to medical, some from financial to technical, others from agricultural to industrial. Whatever has been driving the state's economy through the last decade is paying off, as the state is seeing its economy grow, however slowly, and Alabama businesses are growing. In its annual poll of the country's 5000 fastest growing companies, business publication Inc listed 57 Alabama companies among its 5000. – Patch

Two sites in state put forward for new Toyota plant

Alabama and more than a dozen other states are vying for a 4,000-job automotive plant, and sites in Lawrence and Limestone counties are on a preliminary list of locations that could meet requirements, officials said last week. “I can’t talk about that, other than the fact that we do have a site that does qualify for it,” Tony Stockton, president of the Lawrence County Economic Development Association, said last week. “There are a lot of sites over the state that meet the acreage requirement and we’re fortunate to have one here.” – TimesDaily

Key players gather to discuss I-10 bridge options

As 400 business, finance and governmental officials gathered Monday to discuss the proposed I-10 bridge over the Mobile River, key questions about the design, scope and financing of the project remained unanswered. But ALDOT leaders expressed confidence about the process that they expect to bring the solutions. The Industry Forum being held Monday and Tuesday at the Arthur R. Outlaw Mobile Convention Center to provide an opportunity for construction firms, design firms and financiers to network on the project. – AL.com

Labor shortages, wage issues help Birmingham tech firm

A Birmingham-based tech company is looking to make inroads in the restaurant industry, and the national efforts to raise the minimum wage in several cities are helping spark some of the company's efforts. Juke Slot, which provides ordering kiosks for restaurants, said the company is posting strong growth in 2017, due to a couple of factors. "Because of labor shortages and increase of minimum wage, we've seen a big growth rate in 2017 - more than a 50 percent growth rate this year and increase into 2018," said Paige Tyler, a sales representative of Juke Slot. – Benzinga

Forestwood Farm Inc. wins $72M military contract

An Alabama company has a contract for up to $72 million worth of fresh fruits and vegetables for military and U.S. Department of Agriculture schools in Alabama and Florida. A Pentagon list of contracts signed Monday shows that Forestwood Farm Inc. of Birmingham was one of two companies that bid for the 4½-year contract. The notice says customers are Army, Navy, Air Force, Marine Corps and Department of Agriculture schools in the two states. – AP/USN&WR

Redmont R&D buys Birmingham building for lab, retail

A historic building in downtown Birmingham will get new life as a private laboratory, as well as a small retail component.  Redmont R&D bought the two-story, 9,000-square-foot building at 316 18th St. N. last year for $390,000. Now, the research company is redeveloping the building as a private lab space. The bottom floor will feature a small locally owned juice bar. – AL.com

A sweeping history of one Alabama Maker

Times were tough, and George M. Jones had 50 families depending on him. As the manager of a large tenant farm near Florence, Jones oversaw 1,200 acres of corn, cotton and other crops. Then the Great Depression hit. “The government removed most of the price supports for crops, and the farm came to a standstill,” George Jones Jr. explains. “So my great-grandfather got the idea to grow broom corn and popcorn to help generate income. He taught the other farmers how to make brooms and sold them for around 35 cents each. That may not sound like much today, but if they sold 100 brooms, that was a lot of money back then.” – ANC

Add your comment:
Edit Module
Edit Module
Edit ModuleShow Tags

Edit Module