Category: Economy
Birmingham Council Approves Incentives for Coca-Cola to Redevelop Former Stockham Valve Site
The old Stockham Valve & Fittings site in Kingston could be rehabilitated under a plan presented to the Birmingham Council on Tuesday. The council approved an incentive package for the $340 million redevelopment project in which the Coca-Cola Bottling Company United of Birmingham intends to build a new campus at the Stockham site. Read more.
Birmingham Council Approves $421K in Tax Incentives for Japanese Restaurant
The Birmingham City Council on Tuesday approved $421,833 in incentives for a planned Japanese restaurant in downtown Birmingham, and it changed landscaping, buffering and screening ordinances to increase landscaping requirements and protect trees, among other changes. Read more.
Two Economic Development Agencies Set to Get $100,000 Apiece From JeffCo
The Jefferson County Commission on Thursday is set to provide $200,000 to a pair of organizations to bolster small businesses in the county.
Central Alabama Redevelopment Alliance and Hispanic Interest Coalition of Alabama each is in line for $100,000 to aid with innovation, economic development and building a strong workforce to support the growth and development of Jefferson County. Read more.
Commission OKs Incentive for World Police and Fire Games, Prez Says Don’t Let World Games Problems Deter Investment
Jefferson County can’t let the issues that followed The World Games keep the county from being involved with other economy-impacting events, Jefferson County Commission President Jimmie Stephens said Thursday.
During the County Commission’s meeting, commissioners supported a piece of legislation that exempted the World Police and Fire Games, which are slated for Birmingham in 2025, from taxes. Read more.
Transportation Secretary Buttigieg Announces $14.5M Award to Turn 4th Avenue North Into a Two-Way Street
U.S. Transportation Secretary Pete Buttigieg stopped traffic on Fourth Avenue North on Wednesday to announce a $14.5 million grant to help reconnect parts of the community that have been divided by transportation decisions of the past.
The announcement, staged in the middle of the downtown thoroughfare, outlined a grant to Birmingham to convert Fourth Avenue North — which includes the historic Fourth Avenue Black Business District — from a one-way road to a two-way. Read more.
Birmingham Council Urges Truist Bank to Keep Roebuck Branch Open
The Birmingham City Council on Tuesday passed a resolution urging Truist Bank to reconsider plans to close its Roebuck branch in March. “A great deal of residents in that area benefit from that branch, rely on that branch and would be negatively impacted if that branch were to close,” said Councilor Clinton Woods, adding that investments are going into the immediate area. Read more.
4 Factors Besides Cold Weather That Explain Expensive Winter Power Bills
Like many in the Gulf South, Will Burt’s power bill spiked in January due to extreme weather. But how much of the increase can be attributed to the cold? Read more.
JeffCo Commission to Consider Selling Property for BJCC Use
The Jefferson County Commission is expected to jettison the old Salvation Army Building on Abraham Woods Jr. Boulevard, selling it to the Birmingham-Jefferson Civic Center Authority, during its meeting Thursday.
“The county was looking to sell the surplus property,” BJCC Executive Director and CEO Tad Snider said in an interview. “Given its proximity to the BJCC and City Walk, we chose to purchase and will redevelop or repurpose for additional parking.” The sales price is $810,000. Read more.
How Jefferson County Pulled Off a Billion-Dollar Refinancing to Help Stabilize Sewer Rates and Regain Trust
Jimmie Stephens remembers he wasn’t proud of Jefferson County when he took office as a county commissioner in 2010.
“I was embarrassed and ashamed of what Jefferson County had become and what its reputation was, in the state and in the nation,” recalled Stephens, now the president of the commission.
Jefferson County had become by most accounts one of the worst financially managed governments in the nation laying off more than 1,000 of its employees and filing the then-largest municipal bankruptcy in November 2011.
But Stephens, his fellow commissioners, county manager and department heads no longer feel that sense of shame and embarrassment, they say.
Last month, Jefferson County got positive reviews from investors and financial publications that would have been unimaginable more than 10 years ago. Read more.
Birmingham Council to Sell Old Scott Elementary, Nearby Community Center to Group to Establish a Community Health Center
The Birmingham City Council on Tuesday voted to sell the old Scott Elementary School and a neighboring community center to a group planning a health clinic at the property. The measure passed despite some pushback from community members, particularly those already involved in operating a community center there. Read more.
