Small businesses brace as Corporate Transparency Act showdown comes to a head in downtown Huntsville courts

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In 2021, the Corporate Transparency Act (CTA) was introduced with the aim of bolstering transparency in entity structures and ownership to combat financial crimes.  However, as the January 1, 2024 effective date looms, businesses are scrambling to understand and comply with its provisions. Initially overlooked by accounting professionals, the Corporate Transparency Act, which will require […]

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Huntsville’s MartinFed awarded $10M to support AMC Headquarters

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HUNTSVILLE, AL – MartinFed has been awarded a task order under the EXPRESS Business and Analytical domain to provide counter sUAS, law enforcement, emergency management, and other physical and information security related assessment activities to support Army operations and policies in support of the Army Materiel Command (AMC) Headquarters Protection Program missions and functions. “This […]

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UAH research team awarded $402K from NASA to study light detection in space

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Two researchers from The University of Alabama in Huntsville’s (UAH) Earth System Science Center were recently awarded $402K from the National Aeronautics and Space Administration (NASA) 2022 Research Opportunities in Space and Earth Science. Their research centers around the to discovery of what aspects of lightning flashes are captured by NASA’s Lightning Imaging Sensor on […]

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Huntsville’s Invariant awarded $35.5M contract to support the U.S. Navy

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Invariant Corporation was recently awarded a $35.5 million dollar Ground Launched Advanced Precision Kill Weapon System (APKWS) Modular System OTA by the Naval Energetic Systems and Technologies (NEST) in support of the U.S. Navy.  The Naval Energetic Systems and Technologies, in partnership with the National Armaments Consortium (NAC), is a national collaboration supporting the Naval […]

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Mazda Toyota Manufacturing celebrates fifth anniversary with community donation

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MADISON, AL – Mazda Toyota Manufacturing (MTM) continued their legacy of community development yesterday with the celebration of five years in Madison County, as well as more than $100,000 in donations to community organizations. MTM announced grants totaling $110,000 to 20 local nonprofits through their MTM Grant Fund. This announcement aligned with the Community Foundation […]

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New Yellowhammer beer made with Alabama barley shows potential economic benefit to state farmers

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Thanks to the partnership from HudsonAlpha, Auburn University, Alabama A&M and Yellowhammer Brewery, Huntsville residents can now try a beer that is more “Alabama” than any other beer on tap.    Last week at a special event, Yellowhammer Brewing released its newest beer — Avalon Zwickelbier — the first beer to be brewed in the state of […]

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Leidos awarded $32M defense radar contract

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Leidos, a Fortune 500® science and technology company, announced it was recently awarded a new $32 million contract by the Marine Corps System Command (MARCORSYSCOM) through the Consortium Management Group (CMG). The defense radar systems development contract calls for four Medium Range Air Defense Radar (MRADR) prototype systems within a two-year span. The company’s Dynetics team will […]

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NAR says to expect 6% average for 2024 as mortgage rates decrease

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The average 30-year fixed mortgage rate continued to decrease this week, with the current average at time of printing down from 7.61% to 7.41%.  As a result, demand for mortgages have begun creeping back upwards, with applications nationwide up 2% over the week. However, this still represents a 20% decrease from the same time last […]

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Alabama’s Holiday cyber crisis: How worried should shoppers be?

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Cyber security has become a pressing concern for many states across the US, and Alabama is no exception. With an ever-evolving landscape of cyber threats, the state faces significant risks that can have detrimental effects on its economic well-being, but how serious are these risks?  A recent article published early in November from VPNPro.com aimed […]

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Arguments begin in Huntsville regarding changes to national small business laws

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HUNTSVILLE, AL – On Monday, oral arguments in National Small Business Association v. Yellen will began at the Huntsville United States District Court. The case is a challenge to the constitutionality of the Corporate Transparency Act (CTA) and specifically the law’s beneficial ownership reporting requirements. The law would require nearly every American who runs or […]

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