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Tag Archives: Alabama

Toyota will build SUV at Alabama plant with Mazda

By DENNIS SEID / Daily Journal In a switch that could benefit the Toyota Mississippi in Blue Springs, Toyota Motor Corp. said recently it will build a new sport utility vehicle at a $1.6 billion joint venture assembly plant in Alabama rather than the Corolla. Toyota Mississipp, which began production of the Corolla in 2011, employs some 2,000 team members ...

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New plant to add jobs along Tenn-Tom Waterway in Alabama

A planned factory will add badly needed jobs in an underdeveloped part of west Alabama. Gov. Kay Ivey’s office announced Friday that the Maryland-based Enviva Partners plans to invest about $175 million on a wood pellet production plant in Sumter County. It will ship product on the Tennessee-Tombigbee Waterway from the Port of Epes. The statement says the proposed facility ...

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TVA implodes 500-foot stacks at idled Alabama coal plant

STEVENSON, Ala. — Workers have used explosives to implode a pair of 500-foot-tall (152-meter-tall) stacks at an idled Tennessee Valley Authority coal plant in Alabama. The federal utility released video Friday of blasts that took down the massive structures at the old Widows Creek Fossil Plant near Stevenson. Explosives also demolished two boilers at the old generating station, which is ...

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TVA finds route for power line from Mississippi to Tennessee

The Tennessee Valley Authority says it has identified a route for a new transmission line that would send power from Mississippi to Tennessee. TVA said Monday that the proposed power line would begin at the existing Allen Fossil Plant in Horn Lake, near the Tennessee and Mississippi line. The line would extend to a substation in Memphis. The utility said ...

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First Bancshares to acquire Florida bank in $85 million deal

MBJ staff The First Bancshares Inc., the Hattiesburg-based holding company for The First, announced this week an agreement to acquire First Florida Bancorp, Inc., parent company of First Florida Bank, in a cash and shares swap deal worth $85 million. First Florida had approximately $451 million in consolidated assets, $255 million in loans, $387million in deposits and $48 million in ...

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Potential tolls for Alabama highway project spark opposition

City officials in Mobile say they’re confident the state of Alabama will reduce toll amounts for the proposed Interstate 10 Mobile River Bridge and Bayway project. The Alabama Department of Transportation is considering a $3 to $6 one-way toll to provide the money necessary to pay for the massive project. The plan under consideration would grant a discount to frequent ...

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Alabama governor balks at Amtrak funding

Alabama Gov. Kay Ivey said she needs more information before the state commits funding to help restore Amtrak train service. Her comments on Saturday came a day after the project to return passenger train service from New Orleans to Mobile, Alabama took a big step forward when officials announced a $33 million federal grant for needed improvements. Amtrak suspended service ...

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University of Alabama trustees vote to refund $26M gift

TUSCALOOSA, Ala. — The University of Alabama board of trustees voted Friday to give back a $26.5 million donation from a philanthropist who recently called on students to boycott the school over the state’s new abortion ban. Hugh F. Culverhouse Jr., a 70-year-old real estate investor and lawyer, had already given $21.5 million to the university after his pledge last ...

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JACK WEATHERLY — Mobile: not all sleepy time down South

We are driving through southeast Mississippi, heading toward Mobile. Richton is a sleepy little town whose underground salt dome was to be the site of the U.S. strategic petroleum reserve. That didn’t happen.  A fighter jet escorts us as it swoops and loops overhead when we enter Alabama at Wilmer. Other than  maybe an imagined whiff of jet fuel, the ...

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ARC invested $125.6M in economic development projects, including $15.5M in Mississippi

New data shows that the Appalachian Regional Commission invested $125.6 million in 522 economic development projects during Fiscal Year 2018. These region-wide investments will be matched by $188.7 million, and will attract an additional $1.5 billion in leveraged private investment into Appalachia. In addition, these investments are projected to create or retain 26,600 jobs, as well as train or educate ...

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