EDPA NewsFlash


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Here is today's summary of economic development news, presented by the Economic Development Partnership of Alabama. 
in this issue:
UA program gives entrepreneurs a home to develop businesses - Tuscaloosa News
Bentley promotes job legislation - Gadsden Times
Alabama India Business Partnerships Dinner - EVENT


UA program gives entrepreneurs a home to develop businesses


By Patrick Rupinski Staff Writer

Published: Wednesday, April 13, 2011 at 3:30 a.m.


TUSCALOOSA | In a small office at the University of Alabama's AIME building, Tom Beyersdorff has spent the past year contacting North American companies, universities and researchers interested in ionic liquids made by his company, Iolitech Inc.


Ionic liquids are a liquid salt that have a growing number of applications in various industries. They have been used in products ranging from humidity sensors to batteries. And they have the potential of being used even more widely as the auto industry embraces electric battery-powered vehicles.


Ionic liquids can make batteries safer and higher-performing, Beyersdorff said of the future potential of Iolitech's product.


And if electric batteries someday replace gasoline engines in vehicles, Iolitech could be manufacturing ionic liquids in Alabama to serve the automotive industry.


That is one of the goals of AIME, or Alabama Innovation and Mentoring of Entrepreneurs. As UA's business incubator, it helps entrepreneurs develop their technology, products and business plans so budding companies can grow into viable businesses that AIME hopes will stay in Alabama.






Tuscaloosa News 



editor's note: Iolitiech is a finalist in tomorrow's Alabama Launchpad Business Plan Competition finale in Mobile, Ala. Learn more here: http://www.alabamalaunchpad.com/2011-finale-info.html

Bentley promotes job legislation

By Dana Beyerle  Times Montgomery Bureau

Published: Wednesday, April 13, 2011 at 8:34 p.m.


MONTGOMERY - Etowah County's chief industrial recruiter on Wednesday urged legislators to approve economic development incentives to protect the 1,600-employee Goodyear Tire & Rubber Co. plant modernization in Gadsden.



Mike McCain, executive director of the Gadsden-Etowah County Industrial Development Authority, supported Gov. Robert Bentley and lawmakers who dusted off the Mercedes-Benz incentive law to help new and existing businesses in Alabama.



Bentley at a news conference promoted the Jobs Creation and Retention Act bills that were approved in House and Senate committees later in the day.



He said incentives for existing and new businesses will help state tax coffers that still are depleted because of a lingering recession.



"The (act) is another incentives option we can use to give greater flexibility to bring companies and keep companies in the state," Bentley said at a Capitol steps news conference.



"This is a non-partisan issue. We want to put people back to work."

Alabama Development Office Director Seth Hammett said Alabama used the Mercedes law in the early 1990s to attract 14 other companies until it was repealed in 1995.



Gadsden Times




Alabama India Business Partnerships Dinner May 7


The Alabama India Business Partnerships (AIBP) and the Birmingham and Southwest Alabama Chapters of the American Association of Physicians of Indian Origin (AAPIO) will hold a reception and dinner honoring Governor and Mrs. Robert Bentley on Saturday, May 7, 2011. 


 The event will take place from 6:00 0.m. to 9:30 p.m. at the Wynfrey Ballroom, Wynfrey Hotel, 1000 Riverchase Galleria, Birmingham.


Governor Bentley will address the group.  Cost to attend is $75 individual, $750 table of ten or $150 couple. 

For reservcations, contact Hilda Lockhart at the Alabama Development Office, Tel:  334-242-0442  or email:  


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Enjoy the day,  
Wendy Wallace Johnson
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