Coca-Cola Bottling Company United, Inc. (UNITED) has announced a significant investment of $330 million in a new state-of-the-art facility in Birmingham’s Kingston community. This development is expected to create up to 50 new jobs and retain over 750 positions in the city. The new facility will be constructed on the former Stockham Valves and Fittings […]
HUNTSVILLE, AL — Huntsville has been ranked as the 7th best place to live in the latest U.S. News & World Report rankings for 2024-2025. The annual rankings, which serve as a guide for individuals and families looking for the ideal place to call home, consider factors such as affordability, quality of life, job opportunities, and […]
The Alabama Association of Realtors (AAR) released its Economic and Real Estate Report for February of 2024. Home sales across the state numbered 4,710 for the month of February. This not only marks a 0.5% increase from January, but it also bucks the historical trend of housing sales lagging in February. An increase in sales […]
ServisFirst Bank, a subsidiary of ServisFirst Bancshares (NYSE:SFBS), announced its expansion in the Tennessee region by adding a new office in Memphis. On top of this announcement, the bank has announced that eight veteran bankers have joined the bank in the Memphis community. ServisFirst Bank Memphis welcomes Joel E. Smith as Market President; Scott Forman as […]
Small business creation is on the rise in Alabama. Nearly 220,000 new businesses have been created across the state in the last three years. “The combined 2020-2021 monthly averages of new business applications are up 51.12% compared to pre-2021 numbers in Alabama,” Megyn Rodriguez, Public Information Officer for Alabama’s Small Business Administration (SBA) District Office, […]
Southern States Bancshares, Inc. (NASDAQ: SSBK) and CBB Bancorp have officially announced their merger agreement. Under this agreement, Southern States will acquire CBB Bancorp, integrating it into its operations. Following the completion of the merger, Southern States will emerge as the surviving entity, absorbing CBB Bancorp and its subsidiary, Century Bank of Georgia, into its […]
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 […]
On Monday, the Huntsville/Madison County Chamber of Commerce hosted a luncheon at the Jackson Center for North Alabama Legislators. The gathering gave the Huntsville business community the opportunity to hear from key elected officials before the February 6th opening of the legislative session. Legislators who spoke at the sold-out event included Alabama State Senator Arthur […]
Construction Partners, Inc. (CPI) has officially acquired SJ&L General Contractor, LLC, a hot-mix asphalt and sitework company headquartered in Huntsville, Alabama. Fred J. (Jule) Smith, III, CPI’s President and Chief Executive Officer, said the acquisition was a natural step for CPI’s expansion. “A key component of our growth strategy is to actively expand service capabilities […]
Alabama Governor Kay Ivey announced that one-time tax rebates authorized in her 2023 budget are now on their way to 1.9 million Alabama tax filers. Since December 1, which was the start date authorized by law, officials have worked around-the-clock to process the one-time tax rebates. Governor Ivey tasked the Alabama Department of Revenue with […]
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