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Here is today's summary of economic development news, presented by the Economic Development Partnership of Alabama.
 
 
in this issue:
Alabama Speaker of the House Seth Hammett is lauded for state's economic development - Birmingham News 7/14/10
Gov. Bob Riley and Neal Wade try to cement economic development legacy - Press Register 713/10
More sock workers to lose jobs - Ft. Payne Times Journal 7/14/10



Alabama Speaker of the House Seth Hammett is lauded for state's economic development
Published: Wednesday, July 14, 2010, 6:30 AM
Michael Tomberlin -- The Birmingham News 

 

POINT CLEAR -- Seth Hammett, more so than Gov. Bob Riley, may be the person economic development officials miss the most after leadership changes in January.
Hammett, who retires as speaker of the House, received a standing ovation from economic developers at a dinner Monday night at the Grand Hotel Marriott Resort and Conference Center, where the Economic Development Association of Alabama is holding its summer conference.
On Monday, Sid McAnnally, vice president of external affairs for Energen Corp., told economic developers that of all the changes in the political landscape this year that could affect economic development, the change in speaker, not governor, could end up having the greatest impact.
In an interview Monday night, Hammett admits he has some concerns about who follows him into the speaker's chair.




Gov. Bob Riley and Neal Wade try to cement economic development legacy
Published: Tuesday, July 13, 2010, 6:25 AM     Updated: Tuesday, July 13, 2010, 5:21 PM
Jeff Amy, Press-Register
POINT CLEAR -- It wasn't going to be a victory lap, the man introducing Gov. Bob Riley promised. But speeches given Monday by the governor and outgoing Alabama Development Office Director Neal Wade sought to guide economic development beyond the January end of Riley's second term.

Riley, after his speech to the Economic Development Association of Alabama, said his work wasn't quite done yet. 

He said the state is working major recruitment projects involving manufacturing, aviation, distribution and locomotive construction.  

"We've got about four or five projects right now, and I hope we get an announcement on several of them soon." 

The state is courting Caterpillar Inc. to locate at a Montgomery site, competing for the heavy equipment maker against Winston-Salem, N.C., and Spartanburg, S.C. It is considered among the top industrial development projects now available.  

But both men tried to look ahead to a time when they wouldn't be running the show. For example, Riley and Wade renewed calls to change the states current recruiting incentives. The Alabama Education Association and others have opposed some moves, warning that they could drain tax money needed for state services. But Riley said that aggressive incentives and cuts to business taxes would build the states prosperity and ultimately feed tax collections.  

more...
Press Register link



More sock workers to lose jobs
 
By Mark Harrison The Times-Journal Published July 13, 2010

About 130 of Fort Payne's remaining hosiery workers will lose their jobs by the end of the year.

Gildan-Prewitt company officials announced Tuesday it plans to relocate 30 percent of its Fort Payne-based knitting equipment and all its remaining wet processing operations to Honduras.

According to Genevieve Gosselin, Gildan's director of corporate communications, the move will result in the shutdown of operations at the company's C.S. Bell building in Fort Payne. She said the building would likely be sold.

She said the remaining knitting operations would be consolidated and four Gildan-owned knitting plants would continue to operate in Fort Payne - Alabama Footwear, McKeehan Hosiery, Pioneer Hosiery and V.I. Prewett Knitting.

She said the C.S. Bell plant would close in the fall and all affected workers would receive at least a 60-day notification before being laid off. Also, workers would be eligible for extended unemployment benefits.

She said the layoffs will be made gradually, beginning in September and some affected workers would still have jobs through the end of the year. Gosselin said some administrative jobs would also be lost.

"The objective of this reorganization is to consolidate similar equipment in the company's locations and standardize quality, as well as to remain competitive in response to increasing global competition," Gosselin said. "Gildan regrets the impact that this difficult decision will have on the approximately 130 dedicated and experienced employees in Fort Payne that will be affected by this reorganization, their families and the Fort Payne community. 

more...
Ft. Payne Times Journal link




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