In May 2022, United Community Bank, Inc. (United) announced the acquisition of Progress Financial Corporation (Progress) in an all-stock transaction with an aggregate value of approximately $271.5 million. As of last week, United announced that the merger was completed. In this transaction, Progress’s bank subsidiary, Progress Bank and Trust, was merged into United’s bank subsidiary, […]
HUNTSVILLE, AL – The Alabama State Health Planning & Development Agency awarded Crestwood Medical Center a Certificate of Need to build a freestanding emergency department (FSED) in the Harvest community. The Crestwood Medical Center ER – Harvest will be located at the corner of Highway 53 and Burwell Road and will provide emergency services 24 hours […]
The big news in the real estate market this week has been the slight uptick in the average rate of a 30-year fixed rate mortgage. According to Freddie Mac, the mortgage rates had been steadily declining for five weeks prior to the week ending December 29, 2022. This led to a drop of three-fourths of […]
2022 was a year marked with a sharp, shocking rise in inflation and then interest rates, which reverberated throughout the real estate market. Despite these events, and the subsequent slowdown of the housing market, the prognosis for Huntsville’s real estate market for 2023 is surprisingly positive. As reported earlier this month, the National Association of […]
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, December […]
The American workforce has changed dramatically in the past 50 years, though for many, wages have remained the same or even shrunk. Union participation has declined steeply alongside a decrease in employee benefits and retirement packages. The educational requirements for many jobs have increased, while other segments of the market have disappeared entirely, like video […]
Weekly statistics for the Huntsville/Madison County residential real estate market, compiled by the Huntsville Area Association of Realtors (HAAR), continues to show a trend of general slowdown. The report, accurate as to December 10, 2022, shows that both new listings and pending sales for single-family units continued to decrease, with listings down 27% and pending […]
The five startup companies chosen for the inaugural AgTech Investment Accelerator gave their final presentations at HudsonAlpha Institute for Biotechnology’s (HudsonAlpha) campus last Saturday. These series of presentations came after a 12 week program that aimed to bolster Alabama’s ability to translate agriculture technology into commercial products. A crowd of around 120 people gathered to […]
During summer and early fall the Southeast can experience a few hot weeks without rain, causing what is known as a “flash drought,” which can destroy crops during the growing season. To help farmers become more drought-resilient and better characterize drought impacts when seeking federal assistance, the Earth System Science Center (ESSC) at The University […]
HUNTSVILLE, AL – The Huntsville Hospital Health System continues to expand, and not just locally. The community-owned, not-for-profit system opened the $150 million Orthopedic & Spine Tower a little over a year ago across from Huntsville Main near downtown, and this year added the HH Pediatric Endocrinology and Diabetes Clinic at 920 Franklin Street. With […]
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