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One credit union based in Mississippi, and one based in Louisiana, have announced plans for a merger. Jefferson Financial Federal Credit Union would be merged into Keesler Federal Credit Union. The organization would have assets of just under $5 billion, with more than 900 employees in 55 locations, including in Alabama.
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Experts say that Alabama is one of the worst states to work in the U.S, according to Oxford America. The report covered 27 policies split into three metrics including wage policies, worker protections, and rights to organize. In all three categories, Alabama ranked in the bottom 10 states.
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Gov. Kay Ivey on is announcing ILJIN, a leading automotive and industrial bearings and chassis manufacturer, is investing nearly $100 million in a new operation in Auburn. The company’s new facility will employ about 160 people in the area.
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The City of Birmingham is being awarded a $20 million “Distressed Area Recompete Pilot Program" grant. It comes from the U.S. Department of Commerce’s Economic Development Administration.
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A national business confederation is working to bring more exposure to a tax incentive being taken off the table for some businesses in Alabama. This comes as the IRS suspends the Employee Retention Tax Credit.
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While gas, groceries and the cost of living are on the rise, many people in Alabama and beyond are struggling to make ends meet due to their wages staying the same. A new report by Oxfam, an organization working to fight inequality, finds that over 26% of the workforce in Alabama is earning low wages.
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Governor Kay Ivey is announcing appointments to the newly established Alabama Workforce Board and its Executive Committee. Her administrations reports this marks a major milestone in the implementation of the Working for Alabama legislative package.
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The city of Montgomery is raising awareness around the opening of a new consolidated homeless services center in the River Region. The Hub is serving as a one-stop-shop for organizations that provide essential resources for those who are displaced.
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Governor Kay Ivey is announcing that Innovate Alabama is set to receive nearly $98 million to continue its support of Alabama small businesses. The funding is made possible based on Act 2024-74, a piece of legislation passed through the Alabama State Legislature earlier this month and signed into law.
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Three programs supported through the Alabama Department of Human Resources are addressing employment, child care and recidivism by way of Alabama’s community and technical colleges. Each program aims to increase Alabama’s labor force participation and reduce residents’ dependency on state financial assistance programs.