Birmingham Business News - Local Birmingham News | Birmingham Business Journal
Bham approves $1.5M in construction costs for Michael's location at museum
Fri, 22 Jun 2018 19:48:57 +0000
Birmingham has approved plans for a restaurant to relocate to a history museum downtown. The recently revived Public, Athletic, Cultural and Entertainment (PACE) Facilities Board passed a $1.5 million funding agreement with the city of Birmingham to build a new restaurant space for Michael’s Steaks & Seafood at the Negro Southern League Museum.  For the build-out, the city will provide a minimally finished interior with ceilings, lighting, plumbing, HVAC, interior walls, electrical outlets,…
Help us find the Rising Stars of Real Estate and Construction
Fri, 22 Jun 2018 19:29:45 +0000
Gone are the days of a ghost town city. In the past decade, Birmingham has transformed into a bustling hub of energy and revitalization that is attracting the notice of the Southeast. Behind much of the excitement is a tremendous stock of local real estate and construction talent. That's why we are seeking nominations for the Rising Stars of Real Estate and Construction. We want to honor the next generation of leaders in residential and commercial real estate, construction, design and development…
Avondale redevelopment filling up as retail tenants sign on
Fri, 22 Jun 2018 17:35:06 +0000
The tenants are an example of local businesses taking brick-and-mortar retail space in the revitalizing area.
Budget crunches create opportunity for collaboration
Fri, 22 Jun 2018 17:00:00 +0000
We’ve never been in the camp that the most compelling reason for greater regional cooperation in metro Birmingham was the cost savings.  It does seem strange – and from a business standpoint, unnecessarily redundant – to have so many duplicated services at the area’s multitude of municipalities.  But, at the end of the day, we’ve always believed the greatest benefit of increased cooperation would be the positive impact on the economy that would come from reducing intrametro competition,…
Alabama unveils incentives package for Amazon
Fri, 22 Jun 2018 16:55:55 +0000
The state of Alabama’s incentives package to land the Amazon fulfillment center in Bessemer totaled more than $48 million. The project, which will create 1,500 jobs and represents metro Birmingham’s largest economic development win in decades, was formally announced on Friday.  According to the Alabama Department of Commerce, the incentives package included: • A jobs credit totaling more than $15.5 million over 10 years • An investment credit with an estimated value of $26.25 million…
Tuskegee University develops new breast cancer test
Fri, 22 Jun 2018 16:52:02 +0000
A team led by Tuskegee University researchers have developed a new way to detect the most aggressive and fatal form of breast cancer. The university and researchers hope the new method may hold the potential for earlier detection and more informed treatment decisions.  The breakthrough was detailed in an article in PLOS ONE, a publication tied to the Public Library of Science. The article, “AR Negative Triple Negative or ‘Quadruple Negative’ Breast Cancers in African-American Women Have…
Here’s how Birmingham 100 leaders are planning for revenue growth
Fri, 22 Jun 2018 16:40:53 +0000
Leaders at Birmingham’s top private companies share their plans for growing their businesses in the next year.
Amazon finalizes plan for massive fulfillment center in Bessemer
Fri, 22 Jun 2018 16:13:32 +0000
It’s official: Inc. is coming to metro Birmingham. The company on Friday said it has finalized its plan to open an 855,000-square-foot fulfillment center in Bessemer. The $325 million project – first reported by the Birmingham Business Journal on May 16 – will create at least 1,500 jobs, marking the largest economic development project for Birmingham in decades. Those jobs offer a comprehensive benefits package, including healthcare, 401(k) and company stock awards that starts…
Balch & Bingham bolsters energy practice with new hire
Fri, 22 Jun 2018 16:04:17 +0000
One of Birmingham’s largest law firms has bolstered its energy practice. Josh Bell, whose practice will focus on representing utilities and energy producers in regulatory and transactional matters, has joined the Balch & Bingham’s energy practice as a partner. Bell has more than a decade of experience, across the U.S. and internationally, serving as counsel in the energy and construction sectors, working on power generation and commercial transactional matters. “Josh has an extensive background…
Monopoly, locksmiths and Alabama: How occupational licensing restricts competition in the state
Fri, 22 Jun 2018 16:00:00 +0000
I love the game of Monopoly. The hope that I will land on expensive properties first, the poker-esque bluffing and the art of deal-making with unsuspecting friends makes for a great game night.   Even though I love Monopoly, I don’t always enjoy it. When I’ve missed out on important properties and am mortgaging the few I have left to pay the winner, I’m not having any fun. When it’s obvious I will not win and I slowly move from competitor to benefactor, I’m not thankful and neither are…