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Here is today's summary of economic development news, presented by the Economic Development Partnership of Alabama.
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Madison-based Pikewerks ranks No. 282 on Inc. 500 list
Published: Monday, August 30, 2010, 8:10 AM Updated: Monday, August 30, 2010, 8:23 AM
Marian Accardi, The Huntsville Times
Michael Mercier / The Huntsville TimesMichael Ring, CEO of Pikewerks, and Sandy Ring, the founder and president, found out a couple of weeks ago that the company made the Inc. 500 list of fastest-growing U.S. private companies.
MADISON -- Sandy Ring, the founder and president of Pikewerks, figured the cyber security company had a pretty good shot at making the annual Inc. 500 list of the country's fastest-growing private companies.
After all, in the three-year period ending in 2009, Pikewerks' revenue grew by 1,073 percent. The company, now based in Madison, was launched in the family's garage in Alexandria, Va., with Ring as the only employee. It now has about 40 employees, with most of them in Madison and others in Alexandria, Seattle and San Antonio.
The revenue growth resulted in the company's ranking at No. 282 on this year's list. Pikewerks is one of only three Alabama companies in the top 500.
Ring attributes the growth to a "higher emphasis on cyber security," and, at the same time, Pikewerks' cyber security technologies have matured enough to license them.
Huntsville Mayor Tommy Battle wants to create a national center for cyber security research, development, testing and engineering at the Redstone Gateway office complex at Interstate 565 and the Rideout Road/Gate 9 entrance to Redstone Arsenal. The first buildings there are expected to open in the fall of 2011.
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On the record: Manolo Sanchez, president and CEO of BBVA Compass Published: Sunday, August 29, 2010, 10:01 AM
Roy L. Williams -- The Birmingham News
When Manolo Sanchez visits Birmingham, it brings back memories of his native Spain. The chief executive of BBVA Compass, the entity formed when BBVA acquired Birmingham-based Compass Bancshares in a $9.6 billion deal, stays in an area apartment when doing business in town. Since being appointed to the post in December 2008, Sanchez has lived in Houston with his wife and three young children. Sanchez, 44, is fluent in Spanish, English and French, and describes himself as conversational in German and able to speak at an intermediate level of Arabic. In an interview, Sanchez talked of his fondness for Birmingham, a region whose combination of urban landscape and rural greenery reminds him of his European homeland. He also discussed how the Compass purchase has paid off for BBVA, the Spanish banking giant. It's been growing at home. BBVA Compass' 29 metro area branches held $4.4 billion in deposits as of June 2009, moving ahead of Wells Fargo's Wachovia operation to become the No. 2 player in metro area market share, behind Regions Financial Corp. Q. BBVA could have chosen many banks when it chose to enter the Southeast, why Compass? A. BBVA learned that when entering a new market it always pays to buy a good franchise. Also, when aiming to succeed in a highly competitive market it is crucial to have sufficient critical mass. Compass provided BBVA with the necessary critical mass and with the necessary, and extremely valuable, talent to fulfill its U.S. expansion strategy ambitions. As we looked at the U.S. landscape, Compass' name was at the top of virtually everyone's radar screen, including ours, as it had an outstanding track record, strong management team and a great franchise is some of the best markets in terms of economic and population growth.
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Updated Honda minivan rolls out of Alabama plant at last Published: Sunday, August 29, 2010, 6:30 AM Updated: Monday, August 30, 2010, 1:26 PM Dawn Kent -- The Birmingham News
LINCOLN -- Late last Tuesday, there was a buzz in the air inside Honda's Alabama auto factory, as night shift workers were busy building Odyssey minivans.
People from departments across the plant gathered around each vehicle as they moved toward the end of the assembly line, inspecting the fit and finish of various parts. These weren't just any Odysseys. The minivans produced late Tuesday were redesigned 2011 versions, the last batch of pre-production models made before mass production of the new vehicle starts Monday. It was a dress rehearsal of sorts, the culmination of years of planning for the $1.4 billion Lincoln plant and its 4,000 workers, who have learned new ways to build the updated Odyssey.
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Buying Alabama's Best has high-dollar impact Published: Sunday, August 29, 2010, 6:16 AM K.A. Turner, Press-Register
With football in the air, how about this spread for a tailgate party? For starters, some Mamie's Cheese Wafers, Golden Flake chips with Barber's dip, and pigs in a blanket from Sister Schubert.
Then move along to pimento cheese or chicken salad from Mrs. Stratton, right beside some Zeigler deli meats and Wickles Pickles, all ready for sandwich-making on Big Sky Bread. A pot of red beans and rice would be nice -- the beans and rice from China Doll and the sausage from Monroe or Conecuh. Or there's the barbecue option -- Dreamland, Bob Sykes or maybe George's Old Time version. Add a side of Carola's potato salad or cabbage with John's Famous Slaw Dressing. For dessert, a pecan pie made with Alaga syrup and topped with Mayfield ice cream. Or even just a handful of Bud's Best Cookies. And to wash it all down, some Milo's tea. Starting Wednesday, the party's even easy to shop for. In grocery stores across Alabama, those products and more will be marked as Alabama's Best.
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One-of-a-kind lab at UAB to help lure new businessPublished: Saturday, August 28, 2010, 10:00 AM Roy L. Williams -- The Birmingham News
UAB students Victor Long, left, and John Butts, working in UAB's composites lab, use a machine called a "plasticator" to heat plastic materials. (The Birmingham News - Frank Couch) Alabama's economic development chief is pumped about a new high-tech research lab at UAB that is capable of handling metals, plastics and composite materials, saying it could help the job-hungry state land new businesses. The UAB Materials Processing and Application Development Facility, or MPAD for short, is believed to be the nation's only university research lab capable of handling all those materials, which could give the state a leg up on the competition in the economic development game. The lab was dedicated this week. "It will be a huge advantage for us," Alabama Development Office Director Neal Wade said after touring the facility at 501 12th St. South. The 9,000-square-foot metals processing lab portion of the building remains mostly empty, but is expected to open by late December, UAB officials say. The lab will be used to test stronger, lighter types of metals for clients such as steel mills and others who turn over research to UAB. "This will allow faculty and students to work on new hybrid materials which combine metals and composites to make new, innovative materials," said Linda Lucas, dean of the UAB School of Engineering. more...
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Mercedes bulks up its body shop Published: Friday, August 27, 2010, 7:45 AM Updated: Friday, August 27, 2010, 10:00 AM
Dawn Kent -- The Birmingham News
Mercedes-Benz is expanding its operations in Alabama, with a bigger body shop that helps solidify the future of the Vance auto factory, as well as plans to hire up to 500 temporary workers to match the pace of rising vehicle demand.
The German automaker held a grand opening Thursday for a $150 million addition to the plant's body shop, which will be used to launch the next-generation of the M-Class SUV next year, along with other future products.
Officials also used the occasion to announce plans to add 450 to 500 temporary workers across the plant over the coming months. Mercedes will contract with an agency to supply the workers, and ads for the new jobs will go out in September.
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Alabama Voices: IT conference offers chance to showcase regionAugust 29, 2010
By Nimrod T. Frazer Jr.
The Air Force Information Technology Conference returns to Montgomery this week for the 23rd consecutive year, bringing with it 5,000 Air Force IT professionals and some of the best-known technology companies in the world with an economic impact of more than $7 million to the River Region. When it convenes tomorrow, the top leadership within the Air Force, Department of Defense and chief executive officers of leading IT companies will conduct 130-plus presentations, meetings and seminars to exchange ideas about the future direction of Air Force cyberspace and information technology requirements. All of our nation's major information technology providers will be present, including Hewlett Packard/EDS, Dell/Perot, Oracle/Sun, IBM, Microsoft, Accenture, Northrop, Unisys, Lockheed Martin, Symantec, Verizon, Akamai, Adobe, Google and numerous other companies, both large and small. This conference is an excellent opportunity to showcase IT advances being made in the River Region through the ongoing partnership of government, industry and academia. Why is this convention located in Montgomery? One of Gunter Annex's best kept secrets is its rich 40-year history of delivering IT solutions to more than 600,000 Air Force personnel around the globe, putting it at the forefront of defense technology. Combat missions from Iraq to Afghanistan are supported around the clock by people working here in Montgomery. They deliver the right information to the right place at the right time to give commanders and war fighters the edge in making informed mission decisions
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USDA projects 527 biorefineries neededBy Holly Jessen To meet the renewable fuels standard goal of 21 billion gallons of advanced biofuels, 527 biorefineries averaging 40 MMgy will need to be built at an estimated cost of $168 billion, according to a USDA report released in June. The "Regional Roadmap to Meeting the Biofuels Goals of the Renewable Fuels Standard" is intended to provoke discussion and further work on what the report calls an issue that "may prove to be one of the most important of the 21st century." The objectives of the 21-page report are to identify challenges and opportunities for the biofuels industry as well as to come up with solutions. Job creation is one benefit from biofuels, with the USDA estimating 40 direct jobs created for each 100 MMgy ethanol facility. In order to build biorefineries in areas of economic distress, the USDA suggests regional strategies will allow for proper leveraging of transportation, labor and feedstock resources. "USDA recognized that different regions of the country have a comprehensive advantage to the type of feedstock that can be produced and utilized in biofuel production," the report states. The report begins by acknowledging the role of corn starch ethanol in approaching the 15 billion gallon goal set by the renewable fuels standard (RFS2) for conventional biofuels. "The current ethanol industry provides a solid foundation to build upon and reach the 36 billion gallon goal," USDA Secretary of Agriculture Tom Vilsack said. "I am confident that we can meet the threshold of producing 36 billion gallons of biofuel annually by 2022."
The USDA roadmap examines the regional potential for producing the additional 21 billion gallons of advanced biofuels. It identifies the Southeast states and Hawaii, including Alabama, Arkansas, Florida, Georgia, Hawaii, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee and Texas, as having the greatest potential with up to 50 percent of the advanced biofuels volume coming from these states due to their long, robust growing seasons. The east central region, which includes Delaware, Iowa, Illinois, Indiana, Kansas, Missouri, Ohio, Oklahoma, Maryland, Minnesota, Nebraska, North Dakota, Pennsylvania, South Dakota, Wisconsin and Virginia, is right behind at 43.3 percent of potential advanced biofuels production. The Northwest and Western regions trail far behind, with only 4.6 percent and less than 1 percent respectively of expected biofuels volume.
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