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Top News Links: Monday, March 12

Truck & Wheel dedicates new plant in Vance, will employ 74

Tier 1 auto supplier Truck & Wheel dedicated its new plant in Vance on Friday, with Gov. Kay Ivey on hand. The Spanish corporation looks to employ 74 people at its automated $35.2 million plant just off Interstate 59 in Tuscaloosa County. The 127,000-square-foot factory will supply wheel assemblies, industrial tires and sequencing for automobiles. – AL.com

Gladstone Commercial acquires site for Truck and Wheel

Gladstone Commercial Corporation has completed the acquisition of a 127,444 square foot, Class-A new construction industrial building in Vance for $14.3 million dollars. The initial capitalization rate for the acquisition was 6.98%, with an average capitalization rate of 7.62%. The property is a build-to-suit for Truck and Wheel USA Corporation on a 10-year lease that commenced January 1. – Street Insider

Tiger Cage business pitch finalists face off for share of $50,000

Four student-led startups will compete for shares of a $50,000 prize in the Tiger Cage competition at Auburn University. Hosted by the Harbert College of Business, the finals will be held April 6 at 9:30 a.m. in the ballroom of The Hotel at Auburn University and Dixon Conference Center. The finals are free and open to the public, and are one of a series of events within the 2018 Auburn University Entrepreneurship Summit. – AL.com

Lockheed Martin wins $80.6M contract for re-entry vehicles

The Missile Defense Agency recently awarded Lockheed Martin an $80.6 million fixed-price contract for modified ballistic re-entry vehicles and separation modules for missile defense tests. Lockheed Martin will develop and produce unarmed re-entry vehicles for integration into target missiles through 2022. Lockheed Martin will design and produce the vehicles in Huntsville. – Homeland Prep News

Refrigerated warehouse $14M project may be coming to Houston County

The Houston County Commission is making preparations for a $14 million project to build a refrigerated warehouse, according to the Dothan Eagle. The project could create more than 50 jobs when fully operational, the paper reported. – AL.com

Ivey expresses ‘serious concerns’ over Trump tariffs

Gov. Kay Ivey says she has "serious concerns" about President Donald Trump's tariffs on steel and aluminum. On Thursday, the president slapped a 25 percent tariff on imported steel and a 10 percent tariff on imported aluminum, excluding Mexican and Canadian imports. – AL.com

Trussville scores highly on Niche.com livability list

According to Niche.com, Trussville is among the best places to live in Alabama. The website ranks Trussville at No. 22 on the list, giving to city high marks for schools, housing and family life. With an average home value of $233,500 and a median household income of $84,198, the city has also been ranked No. 11 for best suburbs to raise a family. – Trussville Tribune

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