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Top News Links: Wednesday, Nov. 29

Korean supplier Guyoung Tech USA opens in Montgomery

A Korean auto supplier has started production inside a new plant in Montgomery, its second production facility in North America. Guyoung Tech USA opened earlier this month in Montgomery Industrial Park, according to public records. The company supplies parts for Hyundai Motor Manufacturing Alabama’s just-in-time assembly process. – Montgomery Advertiser

Hoover hires EDPA exec for development position

The city of Hoover today announced it has hired the vice president of the Economic Development Partnership of Alabama to fill a new role of economic developer for the city. Greg Knighton, who has been with the Economic Development Partnership of Alabama since 1994, will start Dec. 18. – Hoover Sun

Bank Independent expands in Madison County

Northwest Alabama's Bank Independent is opening a second Madison County location in Madison along the booming U.S. Highway 72 corridor. The bank will anchor a three-unit complex on the corner of Nance Road and U.S. 72. Bank Independent, a $1.4 billion bank founded in Leighton, Ala., in 1947, serves 18 communities with 27 locations in seven North Alabama counties. – AL.com

Goldman Sachs thinks tax reform is 50-50 by year’s end

Goldman Sachs sees greater than 50 percent odds that a tax bill will be enacted this year and 80 percent by early next year. The Senate Budget Committee was expected to vote on the bill later Tuesday, and there are expectations the bill would pass the full Senate by the end of the week. But GOP leadership continues to work on wrangling several senators who have concerns about the deficit. – CNBC

Construction projects going on schedule at UA campus

As the first semester of the 2017-2018 school year comes to a close, the University continues to make changes to campus and plan for the future. The University of Alabama has plans for new dining halls, residence halls and other facilities for students. – Crimson White

Trump pick for Fed signals rate hike for near future

The Federal Reserve is likely to raise interest rates at its December meeting, Jerome Powell, President Trump's pick to be Fed chairman, signaled Tuesday. "I think the case for raising interest rates at our next meeting is coming together," Powell told the Senate Banking Committee at his confirmation hearing. – APR

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