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Birmingham Business Journal
The ghost effect: Another sign the job market has dramatically shifted
Three years ago, many employers reported the phenomenon of being "ghosted" by job candidates.<\p> In yet another sign of the shifting labor market, the shoe is now on the other foot, with companies now abruptly ceasing communication with candidates. <\p>
Major South Alabama bridge project wins $550M grant
A major bridge project in Mobile could be underway next year.<\p> The Mobile River Bridge and Bayway Project won a $550 million discretionary grant, according to a recent release from Gov. Kay Ivey’s office. Building a new Interstate 10 Bridge and Bayway from Mobile to the Eastern Shore of Baldwin County is a decades-long project.<\p>
The Red Barn names new leader
A local nonprofit has tapped a new executive director. <\p> Shannon Horsley is now the executive director of The Red Barn, a nonprofit founded by Joy O’Neal in 2012 to provide therapeutic horseback riding services to children with disabilities, especially those from low-income households. <\p>
CEO of Bham Civil Rights Institute steps down, interim named
The CEO of the Birmingham Civil Rights Institute has stepped down.<\p> President and CEO DeJuana Thompson, who joined BCRI in 2021 and took the helm in May 2022, will step down from the role "in order to increase her focus on voting rights activities and community organizing in advance of the national political elections this fall," according to a release.<\p>
Bham pizzeria to open in Uptown
A local pizzeria inked a lease for its third location.<\p> Capella Pizzeria has leased a 3,998-square-foot space next to Mugshots in the Uptown Entertainment District at 2311 Richard Arrington Jr. Blvd., according to a release.<\p>
New THC seltzer seeps into Alabama markets
A new THC seltzer produced in Birmingham is about to hit other markets around the state.<\p> Sunbird, a flagship product from the beverage company Sunbev, became available to the public on July 15, according to a report by.AL.com <\p>
Metro Chamber of Commerce taps new executive director
The Mountain Brook Chamber of Commerce has a new executive at the helm.<\p> The organization appointed Lizzie Maymon as its new executive director. She replaces former Executive Director Emily Jensen, who was in the role for since 2022. <\p>
Builder pessimism grows with rising interest rates, added inventory
Homebuilders continue to offer a bevy of incentives to remain competitive, but sustained higher mortgage rates and an increase in the number of homes for sale is dampening their overall sentiment about market conditions. <\p> Major homebuilders like Lennar Corp. (NYSE: LEN) and D.R. Horton Inc. (NYSE: DHI), among others, have been offering various concessions to prospective buyers at a time of much-higher mortgage rates than a few years ago and record home-price appreciation. Among the more popular offerings is a mortgage-rate buydown, in which a builder will put points down to reduce a buyer's mortgage rate.<\p>
Bham eyes short-term rental regulations, including for Airbnb homes
New regulations for short-term home rentals, including Airbnb, could be arriving soon in Birmingham.<\p> The Birmingham Zoning Advisory Committee held a public hearing July 16 on a proposed zoning amendment that would require licensure for short-term home rentals, including those booked through platforms like Airbnb and Vrbo.<\p>
Large Tennessee development secures $39M loan from Bham entity
A new Publix-anchored shopping center is underway in Williamson County, Tennessee, using funding from an Alabama-based bank. <\p> Atlanta-based Watkins Real Estate Group has broken ground on Village Green, 90,000-square-foot retail development in Nolensville, Tennessee, according to a news release.<\p>
How startups can capture attention of local investors, secure funds
With the recent Regional Tech Hub designation, Magic City's leaders have become more confident than ever in the city becoming a growing ecosystem for startups and new technology. <\p> Because of this designation and other similar milestones in the tech and health care industries, Birmingham’s reputation as a health tech hub is stronger than ever, leading to an increase in local health tech startups. <\p>
City of Birmingham names new chief financial officer
A new chief financial officer has taken the helm within Birmingham's governmental operations. <\p> Diana L. Bolden was named CFO by Birmingham Mayor Randall Woodfin. She takes the helm after Kevin Moore retired from the position. Moore, who had been chief of operations, had been in the CFO role since 2021. <\p>
Commercial roofing service taps new C-suite leaders
A regional commercial roofing and envelope services company has tapped a new executive vice president and chief operating officer.<\p> Derrick Burnett has been named Standard Commercial Roofing and Envelope Solutions’ new COO and executive vice president. He's based in Birmingham. <\p>
Executive chauffeur, luxury transportation service launches in Bham
A Birmingham couple has opened a business for those needing a little more than just something to get back and forth in.<\p> Justin and Jameria Hairston founded Hairston Transportation LLC, a luxury transportation service offering executive chauffeur services and luxury airport transportation and transportation for parties or other special events. Justin Hairston always had a passion for cars, which is one of the main reasons the couple started the company.<\p>
Wave of popularity surges in Trussville, its entertainment district
A makeover consisting of new eateries, bars and music shifted Trussville’s social personality to embody the town’s slogan, ‘The gateway to happy living.’<\p> Trussville Mayor Buddy Choat, a 31-year resident, had been hearing whispers of a downtown reconstruction since before he took office. During his time as a council member, the Trussville Redevelopment Authority formed, exploring ways to reestablish and grow the downtown area.<\p>
PB&J wings, collegiate catering, more on tap for expanding restaurant
Downtown Chapel Hill, North Carolina, is adding another food option as an Alabama-based chicken wing shop plans to open on Franklin Street next month.<\p> Auburn-headquarrtered Voodoo Wing Co. is setting up at 147 E. Franklin St. — the former home of Dame’s Chicken and Waffles. Renovations are currently underway, with plans for a soft opening in late July, according to the Downtown Chapel Hill Partnership.<\p>
University using $5M property sale for massive expansion
A North Carolina university will use revenue from a major Birmingham sale to fund an expansion.<\p> Carolina University, which sold a Birmingham property in May, plans to purchase the HanesBrands headquarters complex in Winston-Salem, North Carolina, expanding and upgrading its campus after a recent financial windfall.<\p>
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