Huntsville’s downtown transformation: From sleepy square to vibrant city hub

In just a few short years, Huntsville’s downtown has evolved from a sleepy Southern town square to a vibrant city center. Aaron Hase, managing partner at Downtown Storage, grew up in Huntsville and remembers the days when Bubba’s was one of only a few dining options downtown. “Now we are covered up with great restaurants […]

Toyota reports strong EV sales despite overall decline in September U.S. sales

Toyota Motor North America (TMNA) reported a 20.3% drop in U.S. sales for September 2024, with 162,595 vehicles sold. Despite the overall decline, electrified vehicle sales—comprising hybrids, plug-in hybrids, EVs, and fuel cells—rose significantly by 22.4%, accounting for nearly 48.4% of total sales volume. This reflects a growing consumer shift towards eco-friendly vehicles. In the […]

Rent control debate heats up: Why economists warn it could worsen housing crisis

It’s an election year, so there’s a lot of ideas and promises floating around to garner votes and win an election.  This election cycle includes the highly refuted idea of rent control. On one hand, if you’re a renter, rent (and the price of everything) is out of control.  Back before the Fed got involved […]

AI Talks: Is Artificial Intelligence at its peak? What happens next?

First of all, I’d like to thank any of you who attended the AICyberCon as mentioned in the last article. We had over 100 people attend the event and had speakers from the government and Fortune 500. It was awesome to see so many people excited to learn and improve their careers in the field […]

City Council debates use of private funds, upcoming 5% electrical rate increase

During the most meeting, the Huntsville City Council announced an upcoming proposal for a 5% electric rate increase, debated whether to address a grey area between personal and workplace funds, and finalized the 2025 budget. Upcoming Electric Rate Increase Proposal Director of External Affairs at Huntsville Utilities, Joe Gehrdes, announced that Huntsville Utilities will approach city […]

Alabama real estate market sees cooling trend as mortgage rates drop, report shows

The Alabama Association of Realtors has released their Alabama Economic and Real eState Report for the month of September 2024.  The report summarizes the state of the Alabama real estate market -the average of the entire state, not merely our own Huntsville/Madison County market – as ‘cooling, but robust.’  “As the traditional summer home-buying season […]

North Alabama Workforce Summit highlights regional growth, workforce development, and economic challenges

North AlabamaWorks! held the 2024 North Alabama Workforce Summit at the historic Stovehouse on September 24. The all-day program provided updates, insights, and networking opportunities for the region’s workforce development community.  State of the Workforce Report: Stephanie McCulloch, executive director at North AlabamaWorks!, presented the “State of the Workforce Report.”  McCulloch explained that North AlabamaWorks! […]

Local university to partner with AMIIC to boost advanced manufacturing training for students

The University of Alabama in Huntsville (UAH) has entered into a strategic partnership with the Advanced Manufacturing Innovation and Integration Center (AMIIC), a Huntsville-based nonprofit dedicated to advancing manufacturing technologies. The memorandum of understanding, signed on Sept. 16 at UAH’s Shelby Center for Science and Technology, grants UAH students access to AMIIC’s state-of-the-art laboratory space […]

Alabama A&M selected as sole HBCU for multi-million dollar project to shape uncharted career path

Alabama A&M University has been chosen as the only Historically Black College and University (HBCU) to participate in a $2.8 million National Science Foundation (NSF) grant aimed at establishing a groundbreaking undergraduate program in research administration and management. The initiative, led by Dr. Chris Brown, Vice President for Research at the University of Alabama at […]

Real estate update: Federal Reserve cuts interest rates

In a long-awaited move, the Federal Reserve announced that it has cut the federal funds rate by fifty basis points. The new federal funds rate, which acts as a benchmark for borrowing rates across the economy, is now reduced to 4.8%, the lowest rate since March of 2023. This is the first rate cut since […]