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

Top News Links: Friday, October 20

Steelmaker moving head office, 60 jobs to Mobile

Steelmaker SSAB Americas, which operates a steel mill in south Alabama, has announced that it is moving its head office from the Chicago area to Mobile. The announcement was made at a press conference held Thursday morning at the Mobile Area Chamber of Commerce. The Chamber facilitated negotiations for the deal, which Alabama Secretary of Commerce Greg Canfield said involved a competition with four other potential sites in four other states. – AL.com

Survey: Birmingham has changed less than other big cities

Birmingham ranks in the bottom half of change for all nine metrics analyzed in a recent survey and notably lags in employment growth, at 3 percent in the 10 years between 2006 and 2016. House prices are down 2 percent from their 2006 level as of 2016, while commute times are identical to levels 10 years prior. Magnify Money analyzed the 50 largest U.S. metro areas using nine elements of data to measure and identify areas of growth, decline and inactivity. – Business Insider

Huntsville mayor, news columnist spar over Amazon

Huntsville Mayor Tommy Battle’s gubernatorial campaign picked a bit of a fight this week, criticizing a column by Reckon by AL.com writer Kyle Whitmire on Birmingham’s efforts to lure a new $5 billion Amazon headquarters. Battle said the column missed a chance to share the positives about Alabama. Whitmire told WHNT News 19 that the column was pro-Alabama and honest. – WHNT

Roy Moore may be looking at a large IRS problem

The Alabama charity once led by Senate candidate Roy Moore did not report to the Internal Revenue Service that in 2011 it guaranteed him $498,000 in back pay, according to an income report provided to The Washington Post by the charity itself. Five tax law and accounting specialists said it appears the guaranteed payment should have been reported as compensation, a disclosure that would have triggered a federal tax bill of more than $100,000. – Washington Post

Little Rock to Amazon: ‘It’s not you, it’s us’

Arkansas' capital city pre-emptively broke up with Amazon Thursday rather than submit a long-shot bid for the e-commerce giant's second headquarters, telling the company in a full-page newspaper ad: "It's not you, it's us." The Seattle-based tech giant set off a nationwide race for its business last month with a call for bids, and Little Rock Mayor Mark Stodola had said his city would pursue the project. But on Thursday, the Little Rock Regional Chamber of Commerce ran a full-page ad in the Washington Post — which is owned by Amazon CEO Jeff Bezos — explaining why it wasn't pursuing the project after all. – Fox Business

Companies sign on for revitalized downtown Trussville

Melt, Common House, Slag Heap Brewery and Edgar's Bakery are among the first businesses to sign on to be a part of the revitalization of downtown Trussville. Developer Coby Lake, who recently sold Avondale Brewery and other properties in Birmingham's Avondale neighborhood, said he is purchasing 13 parcels in downtown and plans to open a 22,000-square-foot brewery in Trussville. He said he is in talks with seven other businesses about locating downtown. – AL.com

Hunting lifts most economically challenged parts of state

There’s an old saying that to find a person’s passion, follow the money. That apparently is true for Alabama’s hunters, who fuel the economies in many parts of the state that need it the most. To ensure the citizens of the state understand how important hunting is to the state’s well-being, both economically and culturally, Hunting Works for Alabama was formed last year to enlist the aid of the business community to spread this important message. – Courier-Journal

Add your comment:
Edit Module
Edit Module
Edit ModuleShow Tags

Edit Module