Economy Small businesses struggle to fill job openings as labor costs rise Labor costs as the single most important problem for business owners rose to 11 percent. StaffDecember 6, 2024
Economy BCA, Chamber of Commerce announce 2024 Alabama Small Business of the Year Award winners The event highlighted the vital role small businesses play in the state’s economy by making up 99.4 percent of businesses in Alabama. StaffNovember 20, 2024
Economy Small business optimism rises, but economic challenges persist Seasonally adjusted, a net 31 percent reported raising compensation, down one point from September. StaffNovember 13, 2024
News Small business optimism dips in August The 2.5-point decline in the national Optimism Index erased all of July’s gain. StaffSeptember 11, 2024
Congress Sen. Britt celebrates Goldman Sachs’ investment in rural Alabama communities Launch includes $3 million commitment to CDFIs focused on Alabama small businesses. Jacob HolmesSeptember 9, 2024
State Innovate Alabama to invest nearly $98M in small business growth Innovate Alabama is set to receive nearly $98 million to continue its support of Alabama small businesses. StaffJune 20, 2024
Economy Small business compensation plans fall to lowest level since 2021 A net 18 percent of small business owners plan to raise compensation in the next three months. StaffJune 7, 2024
Local news Montgomery unveils new tools to support small business growth, recovery American Rescue Plan Act funding will go toward the creation of a “Small Business One-Stop Shop” and an “Access to Capital” loan program. StaffApril 23, 2024
State Innovate Alabama awards nearly $4 million in funding to Alabama small businesses The program has expanded beyond the borders of Alabama, recruiting five new businesses to relocate. StaffApril 11, 2024
Economy Bridge + Root named Alabama’s Emerging Retailer of the Year The Retailer of the Year judges were impressed with owner Aisha Taylor’s use of digital marketing and other promotional efforts, StaffSeptember 19, 2023