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

Top News Links: Friday, January 12

Final incentives package up to as much as $900 million

The total incentives package that helped Alabama land the Toyota-Mazda automotive plant is expected to be between $800 and $900 million, according to Huntsville Mayor Tommy Battle. The numbers remain somewhat fluid as various government entities seek to get formal approval for the aid they plan to provide. And some incentives, such as from the TVA, are unknown. – AL.com

Tax reform makes state business optimism survey surge

Optimism surged among Alabama executives after Congress passed tax reform last month, according to a survey by researchers at the University of Alabama. The business confidence index compiled by UA’s Center for Business and Economic Research shot to a record high of 65.2 in the aftermath of the presidential election last year. Anything above 50 means businesses expect to grow in the months ahead. But the index slid down through most of last year before rebounding to 63.1 for the first quarter of 2018. – Montgomery Advertiser

State’s GOP senators propose modest tax cut

Alabama Senate Republicans, in their legislative agenda announced Thursday, proposed a modest tax cut that would allow more taxpayers to take the maximum standard deduction on their state income taxes. "It really affects working class Alabamians. The high-income folks don't get anything on this one. It's working class and those who are perhaps lower income," said Senate President Pro Tem Del Marsh. – AP/NewsTribune

Ivey, Battle already campaigning on factory arrival

Alabama Gov. Kay Ivey and Huntsville Mayor Tommy Battle both want voters to elect them governor this year, and Wednesday's Toyota-Mazda jobs announcement was the kind of big news that can make a governor. Toyota and Mazda will invest $1.6 billion in Huntsville to build separate auto plants joined by a shared research facility. It means 4,000 jobs and it's the kind of "get" political leaders love. It even drew a tweet of praise from President Trump. – AL.com

John Cook retires from BBA, Craig Hill hired as CFO

Birmingham Business Alliance Senior Vice President of Finance John Cook is retiring after two decades with the organization. Cook, a CPA, joined the BBA's predecessor organization, the Birmingham Regional Chamber of Commerce, in 1998. He led the Chamber's and BBA's finance and administrative division, including during the BBA's formation in 2009. – AL.com

Chicken Salad Chick opens 20th location in Alabama

Chicken Salad Chick, the nation's only Southern inspired, fast casual chicken salad restaurant concept, announced today it is expanding in its home state with its 20th location in Alabama opening in Gadsden, opening Jan. 24. This location is owned and operated by the Hollar family and marks the 80th Chicken Salad Chick restaurant nationwide. – Business Insider

Add your comment:
Edit Module
Edit Module
Edit ModuleShow Tags

Edit Module