Alabama 2015 scorecard: Project investment tops $7 billion
Made In Alabama
April 22, 2016
Alabama attracted more than $7 billion in capital investment in 2015, along with nearly 20,000 new and future jobs, as the state’s economic development team secured high caliber projects in key growth sectors such as technology, aerospace and automotive.
At a press conference at the Mercedes-Benz manufacturing facility in Vance today, Governor Robert Bentley released the state’s 2015 New & Expanding Industry Report, which catalogs the wide range of economic development activity across the state last year.
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Germany’s Berghoff Group to open $30 million plant in Auburn, create 100 machining jobs
By Erin Edgemon
on April 27, 2016 at 3:21 PM, updated April 27, 2016 at 3:26 PM
A German machining operation announced plans today to establish its first United States manufacturing facility in Auburn.
The Berghoff Group plans to invest $30 million into the plant and create 100 precision machining jobs over the next five years, the Alabama Department of Commerce stated in a release today.
John Emerson, the U.S. Ambassador to Germany, announced the deal today at the 2016 Hannover Messe, the world’s largest industrial fair. The U.S. is the event’s official partner country this year, and President Barack Obama joined German Chancellor Angela Merkel to officially open the fair on Monday.
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Manufacturers bringing the most jobs back to America
Michael B. Sauter and Samuel Stebbins, 24/7 Wall St.
10:03 a.m. EDT April 23, 2016
The loss of American manufacturing jobs to foreign labor has been a central theme of several presidential candidates’ campaigns. However, the trend of offshoring may be slowing, according to one organization.
According to non-profit advocacy group the Reshoring Initiative, offshoring resulted in a net loss of approximately 220,000 manufacturing jobs from 2000 to 2003.
For the rest of the story visit USA Today.