gener8tor and MidCity Accelerator Foundation Welcome 10 Companies to the Spring gBETA Huntsville Accelerator

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Global venture firm and startup accelerator gener8tor, in partnership with the MidCity Accelerator Foundation, kicked off two gBETA Huntsville cohorts in April. The gBETA accelerator focuses on early-stage companies based in Huntsville and surrounding areas, with programming taking place in Huntsville. gener8tor gBETA is a free seven-week, no-equity accelerator program that provides startup founders with […]

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Department of Defense Contract Review: April 17-28

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This series from the Huntsville Business Journal covers Department of Defense (DoD) contracts awarded to Huntsville-Madison County and Alabama businesses. Every two weeks, the Huntsville Business Journal provides you with an update to the various military contracts that local and state businesses are awarded. This entry covers contracts listed on the Department of Defense daily postings from Monday, April […]

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New grocery retailer, Food City, to build 6 stores in Huntsville

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The Huntsville City Council has approved a development agreement to bring a new grocery retailer to the Huntsville market. Food City will invest $90 million to build six new stores and create 1,350 jobs over the next five years. In turn, the City of Huntsville will provide cost reimbursements up to $9 million (total for […]

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ServisFirst Bank announces expansion in Virginia

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ServisFirst Bank, a subsidiary of ServisFirst Bancshares (NYSE:SFBS), announced its first location in Virginia, opening on April 24, 2023. The new office is located at 4505  Columbus Street, Six Columbus Center, Suite 100, Virginia Beach, Virginia 23462. This marks ServisFirst  Bank’s 30th location across seven states in the United States.   ServisFirst Bank Virginia has a […]

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Polaris’ Alabama Plant Ships First All-Electric Off-Road Vehicles

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HUNTSVILLE, AL — Polaris Inc. announced a milestone for its Alabama manufacturing facility — the first fully electric RANGER XP Kinetic off-road vehicles are headed out of the Huntsville factory to dealerships for customer pickup. Production of the electric vehicles began earlier this month at the 900,000-square-foot facility, according to Polaris, the Minneapolis-based producer of […]

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Real Estate Update: March Stats Show High Demand for Madison County

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The Huntsville Area Association of Realtors (HAAR) has released its monthly report on the state of the residential real estate market for the month of March.  The average sale price in Madison County continued to rise, reaching $368,000, up from $333,000 for March the previous year.  However, this is an outlier for Huntsville/Madison County specifically, […]

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Multifamily Boomtown: Huntsville, Alabama

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The Rocket City is experiencing a multifamily boom more explosive than has ever been experienced. As of December 31, 2022, our independent research indicates a total of 62 apartment communities comprising 14,685 units were actively under construction, while more than 30 other properties comprising 9,479 units were in planning. For an area with a total […]

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HudsonAlpha Generated $4 Billion for Alabama’s Economy

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A recent study conducted by the Center for Management & Economic Research at the University of Alabama in Huntsville (UAH) shows since its inception, HudsonAlpha has made a $4.2 billion impact on the Alabama economy, with nearly a billion of that coming over the last two years. The overall amount of $4.2 billion ($5 billion […]

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UAH breaks ground on new 80,000-square-foot Raymond B. Jones Engineering Building

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The University of Alabama in Huntsville (UAH) held a groundbreaking ceremony today for a new 80,000-square-foot engineering facility that will be named in memory of Raymond B. Jones, long-time business and community leader and past chairman of the UAH Foundation. The facility, which received initial approval by The University of Alabama System Board of Trustees […]

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Penske Truck Leasing Opens Newly Designed “One Stop Shop” to Serve Customers

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Anyone who leases 18 wheelers from Penske Truck Leasing now has a brand new facility on One Aviation Way to act as a one stop shop for all the needs of the company’s customers. This new facility is partly replacing a current facility in Madison and will be a hub for customers to service rental […]

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