The State of the States: Recent Events and Trends from the Six States of the Sixth Federal Reserve District

The State of the States: Recent Events and Trends from the Six States of the Sixth Federal Reserve District

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June 22, 2005 | Avery, Dave | Copyright

ALABAMA

* Honda has started building a $70 million, 150,000-square-foot expansion of its engine plant in Lincoln, doubling the size of the existing plant. The expansion is expected to add approximately 100 jobs.

* Alabama housing markets remain strong. In Huntsville and Madison County, first-quarter sales of single-family homes reached record highs and were more than 20 percent above year-ago sales.

* SemiSouth Laboratories in Starkville is developing silicon carbide applications for the military and electronics markets. The enterprise is expected to create 250 jobs during the next three years.

* Toyota Motor Manufacturing recently broke ground on a $250 million expansion at its engine plant in Huntsville that will add 300 jobs to the plant's payroll. …

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