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Greetings!
 
Here is today's summary of economic development news, presented by the Economic Development Partnership of Alabama. 
 
in this issue:
Hyundai-Kia Supplier Bringing Jobs to Alexander City - WAKA
Alabama economy shows some improvement, but South no longer leads nation - Birmingham News
Metal magazine gives awards for TK project - Press Register
Huntsville International Airport officials disappointed that Vision Airlines will end service here - Huntsville Times
OfficeMax to keep buying paper from Boise - Press Register
New Economic Opportunity Moves Into Lowndes County - WAKA
Light truck: In Huntsville, Boeing, Army roll out next phase of laser program to help protect troops - Huntsville Times

    

Hyundai-Kia Supplier Bringing Jobs to Alexander City

 

More than 150 jobs are coming to Alexander City thanks to a new manufacturing facility that will supply the Hyundai and Kia automotive plants.


 

The Lake Martin Area Economic Development Alliance along with Gov. Robert Bentley have announced that C and J Tech Alabama will be moving into a former Russell Corporation plant on the Russell campus

 

 

WAKA news  

 

 

      

Alabama economy shows some improvement, but South no longer leads nation
 

BIRMINGHAM, Alabama -- Alabama's economy is showing signs of life, but is no longer leading the charge nationally as it did from 2002 through 2007, according to an economist at Wells Fargo & Co.

 

"During much of the past decade's expansion, the strongest growth was concentrated in the South, West Coast and Rocky Mountain states, which all benefited greatly from the housing boom," wrote Mark Vitner, the San Francisco-based banking giant's senior economic analyst. "With manufacturing and financial services leading the recovery, the strongest growth has shifted to the Mideast region, New England and the Great Lakes states."

 

The report ratifies common and persistent concerns about Alabama's economic health.

 

Unemployment sits at 9.6 percent, higher than the national average of 9.1 percent. The cratered housing industry, which fueled much of the last decade, has been a locus of hurt. During the apex of the housing bubble in 2005, Alabama construction firms employed 105,000 workers across the state, according to the Department of Industrial Relations. Now, 89,000 people work in Alabama's construction trades and professions, a drop of 15 percent.

 

 

  

more...

Birmingham News  

 

 

 

 

    

Metal magazine gives awards for TK project

 

MOBILE, Ala. -- American Metal Market, a leading trade magazine, has cited both the Alabama State Port Authority and ThyssenKrupp AG for excellence in the steel industry.


 

The port authority's new Pinto Island steel transfer terminal won the magazine's 2011 logistics and transportation provider of the year award.


 

ThyssenKrupp Steel USA's new $5 billion steel mill in north Mobile County won the magazine's best greenfield technology award.


 

Both projects were born in 2007, when ThyssenKrupp, aided by hundreds of millions of dollars in state and local government incentives, decided to put its first U.S. plant near Calvert. It was then that the port authority agreed to invest about $100 million in the Pinto Island terminal, which transfers steel slabs from ocean-going vessels to river-ready barges.

   

 

more...

 

 

Press Register 

 

 

 

    

Huntsville International Airport officials disappointed that Vision Airlines will end service here

 

HUNTSVILLE, Alabama -- Vision Airlines is ending service to Huntsville, Savannah, Columbia and Greenville/Spartanburg, S.C., and Baton Rouge because the demand in those cities hasn't met the carrier's expectations.


 

Vision plans to cut service to those cities effective July 17.


 

"We had high hopes for all of the cities we serve," said David Meers, Vision Airlines' chief operating officer, but "the demand in a few of these cities has not met our expectations.

 

 

 

 

more... 

Huntsville Times 

 

 

 

 

 

    

OfficeMax to keep buying paper from Boise

 

Boise Inc. said Tuesday that it had renewed its deal to sell paper to OfficeMax Inc. through 2017.


 

The contract, a legacy of when the papermaker and the office supply chain were under the same ownership, is a keystone for Boise's mills that make office paper, including the one in Jackson, Ala.


 

A contract signed in 2004 and running through 2012 required Chicago-based OfficeMax to buy almost all its office paper from Boise, which is based in the Idaho city of the same name.

 

 

 more...

 

Press Register

 

 

    

New Economic Opportunity Moves Into Lowndes County

 

From the CBS 8 West Alabama Newsroom -- In a 3 to 2 vote, the Lowndes County Commission approved a $3.5 million bond to buy the Hayneville Plaza building.


 

The building which is currently owned by Hayneville Mayor Helenor Bell will become a hub for a new broadband infrastructure.


 

County Commission Chairman Charlie King Jr. says this broadband infrastructure, which will be headquartered in Lowndes County, would service 8 counties, create 1,200 jobs, and generate $2 million for the area in 3 to 5 years.

 

 

 

 more...

 

 

WAKA 

 

 

 

    

Light truck: In Huntsville, Boeing, Army roll out next phase of laser program to help protect troops


 

Published: Wednesday, June 29, 2011, 1:05 PM
By Kenneth Kesner, The Huntsville Times The Huntsville Times

HUNTSVILLE, Alabama -- It looks like just another big, sand-colored Army truck - except with R2-D2's boxy cousin sitting atop the back. This is the Army's High Energy Laser Technology Demonstrator, and the hope is it will lead to a system that uses beams of light to hit and destroy an enemy's incoming rockets, artillery and mortar rounds before they can hurt soldiers or civilians. "We still believe that directed energy really is the next leap forward in weapons systems for the United States," said Greg Hyslop, Boeing vice president and general manager of Strategic Missile and Defense Systems, at a news conference this week. "Once we harness the precision and the power of light on the battlefield, that's going to give our warfighters a tremendous advantage."

Boeing in Huntsville, working with the Army Space and Missile Defense Command/Army Forces Strategic Command, recently finished mounting a laser Beam Control System and other hardware on an Oshkosh Heavy Expanded Mobility Tactical Truck.

When fully operational, the HEL TD's optics and sensors will acquire and track a target, then focus and direct a high-powered laser beam generated in the truck's cargo area to destroy the threat. Just getting the high-tech optical system in a ruggedized container that can fit in an Army vehicle and get beaten around out in the desert and other rough terrain is a big step, said Mike Rinn, director of Boeing's Directed Energy Systems in Albuquerque, N.M.

"This has probably one of the most accurate pointing systems in the world," he said. "And at the other end there will be a high-energy laser." 

 

 

 more...

Huntsville Times 

 




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