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Here is today's summary of economic development news, a free service of the Economic Development Partnership of Alabama, representing Alabama's private sector investment in economic development.  If you enjoy NewsFlash, thank an EDPA Partner



in this issue:
ThyssenKrupp hires banks to examine options for Alabama and Brazil mills
No 'material' layoffs at Mobile shipyard from Austal shakeup, Alabama governor's office says
Southeast dominates economic development awards



 ThyssenKrupp hires banks to examine options for Alabama and Brazil mills

Published: Wednesday, June 27, 2012, 10:10 AM Updated: Wednesday, June 27, 2012, 10:13 AM


MOBILE, Alabama -- ThyssenKrupp said today that it has hired Goldman Sachs and Morgan Stanley to review strategic options for its steel plants in Brazil and Calvert.

"This may involve a partnership or sale to a best owner whose strategy can better utilize the outstanding quality and fundamental competitiveness of the plants," ThyssenKrupp said in a statement. "The strategic review is being carried out with an open mind and in parallel with the further technical and commercial optimization of the plants."

ThyssenKrupp put its steel slab-making unit in Rio de Janeiro and its flat-rolled carbon steel mill in Calvert up for sale in May after years of struggling with delays and cost overruns.

ThyssenKrupp has invested a total of $15 billion in the two mills, valued together at about $9 billion.






Press Register







No 'material' layoffs at Mobile shipyard from Austal shakeup, Alabama governor's office says

Published: Tuesday, June 26, 2012, 3:35 PM Updated: Tuesday, June 26, 2012, 3:58 PM

By George Altman -- Montgomery Bureau Press-Register 

MONTGOMERY, Alabama -- Austal USA has told the state that its change in management will not mean a significant reduction in employees at its Mobile shipyard, the office of Republican Gov. Robert Bentley said in a statement. 

"Austal has spoken with our Alabama Department of Commerce, and it appears there will not be any material scaling back of operations or reduction in the workforce at the facility in Mobile," Bentley spokeswoman Jennifer Ardis said in an email.

"In fact, Austal confirmed that they are continuing to move forward with plans to be the largest employer in the State of Alabama. The Governor is committed to working with officials at Austal and continuing the great partnership between Austal and the state."

Austal today acknowledged that its president and chief operating officer, Joe Rella, resigned on Friday.







Southeast dominates economic development awards

 Staff Report Published June 27, 2012


ATLANTA - Southeastern states dominated Area Developmentmagazine's 2012 Gold and Silver Shovel awards for excellence in economic development.

Texas, Tennessee and South Carolina earned Gold Shovels, while North Carolina, Georgia, Virginia, Alabama, Louisiana, Kentucky and Mississippi picked up silvers.

The magazine, which covers corporate site selection and facility planning, noted that projects announced during the year brought "high-value-added new jobs as well as investment" to the states.

"Our annual Shovel Awards recognize state economic development agencies that drive significant job creation through innovative policies, infrastructure improvements, processes and promotions that attract new employers as well as investments in expanded facilities," the magazine's editors said. "The Gold Shovels are presented annually to the states that have achieved the most success in terms of new job creation and economic impact."

Award categories were based on state's populations: 9 million or more; 5 million to 9 million; 3 million to 5 million; and less than 3 million.




Charleston Regional Business Journal





Agency says it has power to give Ga. water

12:28 AM, Jun. 27, 2012 |


Written byRay Henry Associated Press

 ATLANTA - Federal officials responsible for a dam at the center of a long-running water dispute between Alabama, Florida and Georgia say they have the legal authority to give metro Atlanta more water, though the agency has not yet decided how much to release.

 The U.S. Army Corps of Engineers said in documents released Tuesday that it can legally grant a 2000 request from Georgia to get 705 million gallons of water per day from Lake Lanier on the Chattahoochee River by 2030. The federal agency said it will need to conduct an environmental review before making any final decisions on exactly how much water Atlanta should get. Federal officials said Georgia would have to live up to its promise to return more than 100 million gallons of treated water daily to the lake. 

 The Corps' decision became public after the U.S. Supreme Court refused to intervene in a dispute over metro Atlanta's use of water from a federal reservoir that severs all three southeastern states. The Chattahoochee River flows past Atlanta, then runs along the border of Alabama and Georgia. It merges with the Flint River at the Florida border to form the Apalachicola River, which cuts through the Florida panhandle and empties into the Gulf of Mexico. 

 Georgia Gov. Nathan Deal said he welcomed the Corps' report as federal officials prepare to decide how much water Atlanta can get. 

 "That decision will help us not only plan for Georgia's future growth, but it will also give us greater certainty regarding existing resources," Deal said in a statement.



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