Mazda Toyota Manufacturing celebrates fifth anniversary with community donation

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 […]

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

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 […]

Leidos awarded $32M defense radar contract

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 […]

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

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 […]

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

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 […]

Arguments begin in Huntsville regarding changes to national small business laws

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 […]

Bank Independent named one of the Best Banks to Work For in 2023

Bank Independent has been named one of the 2023 Best Banks to Work For. American Banker has partnered with Best Companies Group to identify banks that excel at creating positive and supportive workplaces for employees. This marks the fifth year in a row this prestigious honor was awarded to the Bank. “Our team members are our most valuable asset,” Bank Independent CEO Rick Wardlaw says. […]

Huntsville International Airport releases updates and tips for Holiday travel

HUNTSVILLE, AL – Holiday travel season traffic is building, and the Transportation Safety Administration predicts 30 million passengers will fly to Thanksgiving celebrations in 2023. TSA counts the Thanksgiving travel period from Friday, Nov. 17 through Tuesday, Nov. 28, and the busiest travel day is expected to be Sunday, Nov. 26 with 2.9 million passengers […]

Strong announces $5M FAA investment in North Alabama airports

Congressman Dale W. Strong (AL-05) announced that the the Federal Aviation Administration (FAA) has awarded more than $5 million in grant funding to five airports in North Alabama. The Fiscal Year (FY) 2024 grants were administered through the Airport Infrastructure Grant (AIG) program and funded by the Infrastructure Investment and Jobs Act (IIJA).  “The FAA’s […]

Q3 Real Estate Economic Report Shows Inventory at Pre-Pandemic Levels

The Huntsville Area Association of Realtors (HAAR), in partnership with the UAH College of Business, has released its Q3 Economic Report for 2023, which covers the Huntsville-Madison County real estate market.  Of the statistics compiled by the Report, one of the most significant is the housing inventory. Inventory has risen 20% compared to Q3 2022, […]