Hyundai’s Alabama economic impact: $4.82 billion in 2014
Made In Alabama News Center
August 6, 2015
Hyundai’s Alabama auto assembly plant and its supplier network generated a total impact approaching $5 billion in 2014 while also accounting for more than 12,600 direct jobs across the state, according to an analysis released today.
The new study by M. Keivan Deravi, dean of the College of Public Policy and Justice at Auburn University at Montgomery, updates an analysis he performed in 2010, which pegged the Alabama economic impact of Hyundai and its suppliers at $3.8 billion. In Deravi’s new analysis, Hyundai’s Alabama economic impact the economic rose to $4.82 billion in 2014.
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Auto supplier plans huge expansion in Birmingham
By Bryan Davis, Reporter Birmingham Business Journal
Aug 9, 2015, 9:45pm CDT
Kamtek Inc., a supplier to Mercedes-Benz U.S. International Inc., is planning another major expansion in Birmingham.
According to this week’s Birmingham City Council agenda, the city is scheduled to consider Tuesday a project agreement between the city of Birmingham and Kamtek in which the city would convey approximately 78 acres along Sterilite Drive to the manufacturer for an expansion project.
Kamtek, a subsidiary of Magna International, plans to build a new 148,000-square-foot manufacturing facility on the Pinson Valley property.
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Lockheed Martin to add 100 new jobs in Huntsville by 2016
By Lucy Berry
on August 11, 2015 at 6:19 PM, updated August 11, 2015 at 6:27 PM
Lockheed Martin is bringing 100 high-paying jobs to Huntsville as it works to consolidate its Command, Control, Battle Management, and Communications (C2BMC) program by mid- 2016. Lockheed Martin announced today it will add 100 jobs in Huntsville.
The global aerospace, defense, security and advanced technologies company said it will consolidate the C2BMC program, which has a presence in Huntsville, Colorado Springs, Colo., and the Baltimore/Washington metro.
Rob Smith, vice president of Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (C4ISR), said Lockheed is exiting the Baltimore/Washington area.
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