Port Of Mobile To Get Funds, Incentive

Gov. Kay Ivey has signed a $20-million investment in the Alabama State Port Authority for upgrades to the McDuffie Coal Terminal at the Port of Mobile into law, AL.com reports. The money is part of the $3-billion General Fund budget and will be used to upgrade the coal terminal from an import terminal to an export terminal, as reliance on thermal coal in the state wanes and demand for metallurgical coal, mined in the Tuscaloosa region, increases worldwide. In addition, Ivey signed House Bill 293, which expands the credits Alabama businesses can receive for using the ports in Alabama for cargo, into law. The bill changes the calculation of the incentive to factor in the net increase in the cargo volume moving through the port. The more a company increases cargo volume, the bigger credit it can receive per cargo unit. The new incentive law will take effect in 2024.

Read More

NICROSI NAMED TO U.S. COURT OF APPEALS COMMITTEE FOR ELEVENTH CIRCUIT

Nicrosi Named To U.S. Court Of Appeals Committee For Eleventh Circuit

USA HEALTH PROVIDENCE HOSPITAL RECOGNIZED FOR STROKE CARE

USA Health Providence Hospital Recognized For Stroke Care

THOMAS HOSPITAL NAMED AMONG BEST HOSPITALS FOR 2024-2025

Thomas Hospital Named Among Best Hospitals For 2024-2025

AAF MOBILE BAY NOVEMBER LUNCHEON TO BE HELD NOVEMBER 21

AAF Mobile Bay November Luncheon To Be Held November 21

SBRMC REBRANDED TO BALDWIN HEALTH, OPENS TOWER

SBRMC Rebranded To Baldwin Health, Opens Tower

Tee It Up For Veterans

Tee It Up For Veterans Charity Golf Tournament To Be Held November 2

FOLEY NAMES BEAUTIFICATION AWARDS WINNERS

Foley Names Beautification Awards Winners

CARNIVAL SPIRIT RETURNS TO PORT OF MOBILE

Carnival Spirit Returns To Port Of Mobile

NEW EXECUTIVE DIRECTOR FOR MAA

New Executive Director For MAA

Subscribe to our weekly newsletter

Sign up here for free to get Bay Business News email newsletter every Friday.

By subscribing, you agree to our User Agreement and Privacy Policy & Cookie Statement.

Something went wrong. Please check your entries and try again.

Subscribe to our weekly newsletter

Sign up here for free to get Bay Business News email newsletter every Friday.

Please enter a valid email address.
Something went wrong. Please check your entries and try again.