New Market Tax Credits fuel Birmingham’s CrossPlex Village

Birmingham’s CrossPlex Village received a boost in the form of a $9 million investment using New Markets Tax Credits.

TruFund Financial Services Inc., a national nonprofit with a presence in Birmingham that supports and helps provide financial resources for impoverished communities, announced the investment through its subsidiary Empowerment Reinvestment Fund (ERF). The funds will go toward the construction of an adjacent hotel, retail center and a 15,000-square-foot restaurant at the Crossplex.

Birmingham boasts eight National Academy of Inventors Fellows

Did you know that Birmingham is home to eight Fellows from the National Academy of Inventors (NAI) – more than three times the national average?

This is important to economic development growth because these Fellows bring with them an understanding of academic technology and innovation and the role it plays in growing a community. The NAI encourages Fellows to disclose intellectual property, educate and mentor innovative students, and translate inventions to benefit society.

Strange discusses priorities in Congress

The Birmingham Business Alliance recently invited U.S. Senator Luther Strange to speak with BBA Executive Committee members about his priorities in Washington, D.C., and provide insight into current policy issues that stand to impact Birmingham businesses, such as tax reform, infrastructure spending and health care. Following the meeting, the BBA sat down with Sen. Strange to talk about his work in Congress. This is the first in a series of Q&As to come with our legislative delegation.

Shipt CEO Bill Smith on why Birmingham is a great place to grow his company

Shipt launched in the summer of 2014 in the heart of the Magic City. Through a user-friendly app and a local network of reliable shoppers, Shipt connects members to fresh groceries and everyday essentials. Saving time, fuel and head space, next-hour, same day grocery delivery is quickly becoming an everyday necessity for people looking for an extra few hours and a variety of food choices.

Ed Aldag of Medical Properties Trust Inc. on being an entrepreneur

Medical Properties Trust Inc. (MPT) is a real estate investment trust that has carved a unique niche in the largest and fastest-growing segment of the economy, making it the second largest owner of hospital beds in the U.S. Unlike other real estate investment trusts, MPT focuses exclusively on providing capital to acute care facilities of all kinds through long-term triple-net leases.

American Family Care’s Irwin a 2017 EY Entrepreneur of the Year Finalist

The BBA spoke first with Birmingham’s Dr. Bruce Irwin, CEO of American Family Care, about his business. Ranked as one of the fastest-growing companies in the U.S., American Family Care has spearheaded the importance of non-emergency room urgent care since its inception in 1982. It is the nation’s leading provider of urgent care, accessible primary care, and occupational medicine, with more than 170 clinics and 500 in-network physicians caring for 2 million patients a year.