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.
Baldwin County school board approves aviation center
Published: Saturday, July 28, 2012, 5:49 AM
By Guy Busby, Press-Register
BAY MINETTE, Alabama -- Baldwin County education officials are preparing cost reports as the next step in establishing an aviation training center for public high school students at the Fairhope airport.
The Board of Education voted unanimously Thursday night to approve a resolution to take part in the facility. Under the agreement, the board will pay the annual cost of the bond to build the $2 million facility at the Sonny Callahan Airport, about $144,000 a year.
The facility will provide technical training to prepare students for jobs in the aviation industry, such as those expected to be produced when Airbus begins building A320 aircraft at Mobile's Brookley Aeroplex, project supporters said.
The schedule calls for the Fairhope facility to be open and training students beginning in August 2013. High school students will receive junior college credits for courses taken at the facility.
Auburn University co-hosts daylong event for small business owners that features advice, networking
Published: Friday, July 27, 2012, 10:43 AM
AUBURN, Alabama -- On Thursday, Aug. 2, Auburn University's Small Business Development Center will co-sponsor two outreach events aimed at helping small businesses and minority-owned companies.
The center, affiliated with the university's College of Business, will co-host a small business awareness fair and a business-to-business event on that day.
The event will be 8 a.m. to 4 p.m. at the Greater Peace Family Life Center, 650 Jeter Ave., in Opelika. Minority, veteran and women business owners are especially encouraged to attend the events billed as a Black Business Awareness Fair and a Business-to-Business Matchmaker event, according to a press release from the university.
The Black Business Awareness Fair is an annual event co-sponsored by the center and the Greater Peace Community Development Corporation, a faith-based, non-profit organization.
One-on-one meetings will be set up between government and corporate purchasing agents and representatives and the small business suppliers of products and services. The goal is to help owners come to understand the procurement process. Information, expert advice and workshops will be accessible throughout the day. Between the morning and afternoon sessions there will be lunch and a keynote speaker.
Toyota engine plant incentives include land, grant money, utility breaks
Published: Friday, July 27, 2012, 4:55 PM
By Steve Doyle, The Huntsville Times
HUNTSVILLE, Alabama -- Toyota will get nearly free use of 134 acres to expand its engine plant at the city-owned North Huntsville Industrial Park.
An incentive package approved by the City Council on Thursday calls for the city's Industrial Development Board to lease Toyota the rolling property -- valued at $6.7 million -- for a dollar per year.
Toyota has a 10-year option to buy the property for $2, but may prefer to lease the land for tax purposes.
In addition, the city will seek a $150,000 state site development grant and ask Huntsville Utilities to give Toyota an "investment initiative" credit worth $974,000.
Meanwhile, Madison County has promised a $250,000 economic development grant and $100,000 worth of site preparation work on Toyota's planned V6 engine production line.
Toyota Motor Manufacturing Alabama announced plans in May to construct an additional 300,000 square feet of production space for V6 engines. The $88.3 million expansion -- the company's fourth since coming to Huntsville in 2003 -- is expected to create 126 new jobs, pushing total employment to around 1,150.
[The Huntsville Times]
NAITA & the Export Alabama Alliance Invite You to Attend the
1st Annual Global Supply Chain & Logistics Summit
Tuesday * August 21, 2012 * 8:00 a.m. - 3:00 p.m. at the Sheraton Four Points Hotel * Port of Huntsville
1000 Glenn Hearn Blvd. * Huntsville * 35824
A one-day conference to provide Alabama small and medium-sized companies (SME's)
with the tools and strategies to improve their global supply chain and logistics processes.
The Export Alabama Alliance and its partners invite Alabama companies to participate in the 1st Annual Global Supply Chain & Logistics Summit: CHEAPER - FASTER - BETTER, on Tuesday, August 21, at the Port of Huntsville. The seminar will be held from 8:00 a.m. - 3:00 p.m., at the Sheraton Four Points Hotel located at Huntsville International Airport.
Please click here for the flyer, including speakers and discussion topics.
Presentations and discussion will cover best practices through a series of case studies from companies like ADTRAN, Mercedes, NAVISTAR and Jack Daniels, that are successfully moving products and components through the global supply chain. The U.S. Army Materiel Command Logistics Support Activity (LOGSA) and the University of Alabama will also provide input on how to manage your supply chain CHEAPER - FASTER - BETTER.
To reserve your seat at this free seminar, please contact Dara Steele, Alabama Department of Commerce Dara.Steele@commerce.alabama.gov or 334.353.1762. While there is no fee to attend, registration is required.
This Conference is made possible in part by the generous support of the Appalachian Regional Commission.
Please feel free to forward along to someone who can use it by clicking on the "I'd like to forward this to a contact" link below the green bar. Note also, that you can now make changes to your e-mail address and contact information through the link at the bottom.
If you have news or suggestions, please forward them along to me.
Enjoy the day,