New facilities and partnerships among goals for Pelfrey as Marshall Director

On February 5, 2024, Joseph Pelfrey stepped into his role as director of NASA’s Marshall Space Flight Center. Up until then, he had been acting director since July of 2023. Pelfrey has been with NASA for two decades, holding several positions from aerospace engineer to deputy center director. He recently held a press conference to […]

Rate cuts likely delayed as economy hotter than projected

The Consumer Price Index, tracking the economy during the first month of 2024, suggests that the Federal Reserve will be unlikely to cut interest rates until late spring at the earliest.  Data for January showed that the annual inflation rate registered at 3.1%. While this is a noticeable decrease from the 3.4% of December, economists […]

Port of Huntsville’s Intermodal Center reports record growth, driving economic impact for 2024

In 2023, the International Intermodal Center at the Port of Huntsville revealed yet another year of expansion. The inland port in North Alabama experienced a significant increase of 24% in rail lifts compared to the previous year, totaling 27,597 lifts in 2023, up from 22,210 in 2022.  Serving as the sole inland port in North […]

Ivey’s GenAI task force explained: Officials weigh in on local, state business implications

Last week, Governor Ivey’s office announced the formation of a task force aimed at proposing policies for the responsible and efficient utilization of Generative Artificial Intelligence (GenAI) within state executive-branch agencies. The task force was created by Executive Order 738.  The statement explained that the task force “will consist of seven cabinet members, two representatives […]

Huntsville City Council approves Music Office Program Manager, reappropriates $600K

The February 02 regularly scheduled Huntsville Council meeting featured a packed agenda.  Budgetary talks followed the approval of Huntsville’s Music Office Programs Coordinator, alongside approval of several job openings. The budget reappropriations featured nearly $600k in funds to support local projects and organizations, all while the Mill Creek development returned to the forefront, much to […]

UAH re-designated as National Center of Academic Excellence in cyber research

The University of Alabama in Huntsville (UAH) has been re-designated as a Center of Academic Excellence in Cyber Research (CAE-R) by the National Centers of Academic Excellence in Cybersecurity (NCAE-C). The designation was earned after a comprehensive review of cybersecurity-related research activities and outcomes from the students, faculty and research staff involved in computer science and computer […]

Workforce development goals set to expand with strategic partnership between local schools, Madison County

Drake State Community and Technical College, Madison County, and Huntsville City Schools (HCS) have partnered to address the growing demand for a skilled workforce in Madison County. As a notable step towards this shared goal, Madison County has donated a dump truck to facilitate Drake State’s free CDL classes. HCS will provide space for the […]

Alabama A&M University seeking closer alliance with Huntsville, Madison County businesses

President Daniel Wims, of Alabama A&M University (AAMU), spoke to the Huntsville Rotary Club on Tuesday, January 30th. The meeting was held at Huntsville’s First Baptist Church.  Dr. Patricia Sims, President of Drake State, introduced President Wims to the gathered Rotarians and their guests.  President Wims used the opportunity to applaud the record-setting growth of […]

Real Estate Update: Inventory Squeeze Cools Mortgages

Mortgage application volume dropped by 7.2% last week, a drop that the Mortgage Bankers Association is attributing to intense competition among buyers for a relatively small number of units available.  Across the nation, applications for mortgages for purchasing homes specifically declined by 11% over the week, which represented a total drop of 20% year-over-year.  This […]

AI Talks: HBJ previews the 2024 AI Symposium at the USSRC, talks the revolution of space technology

“AI Talks” is a new series from the Huntsville Business Journal on Artificial Intelligence and its applicability to the world of business. Each month, HBJ plans on bringing you interesting topics led by our new contributing expert writer, Carl Holden. This series will also introduce another new “writer” to our journal: Artificial Intelligence itself. Using Chat […]