AGP Executive Report
Last update: an hour agoHurricane Recovery: Alabama’s revenue department will consider late-filing penalty relief case by case for taxpayers affected by Hurricane Isaias. AccuWeather estimates the storm caused $16 billion to $20 billion in total damage and economic losses; Verisk puts insured losses at $1 billion to $2 billion. Rural Business: Alabama farmers can apply for grants of up to $10,000 to launch or expand farm stays through Airbnb. Applications open Nov. 30 and close Dec. 4. Investment: PPG plans to invest $70 million to expand its Huntsville aerospace facility. Raytheon also won two federal contracts worth up to $30.7 billion to boost missile production at facilities including Huntsville. Local Markets: The Broadway Company and Parkstone Communities bought Heathermoor Estates, a 116-lot manufactured-home community in Moody. ALDI says it has converted nearly 80 Southeastern Grocers locations this year across Alabama and four other states. Banking: Pinnacle Bank of Alabama ranked No. 2 among publicly traded U.S. banks with less than $2 billion in assets.
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