EDPA NewsFlash


home       about edpa        relocation     resources for     resources for     entrepreneurship &
                                          assistance     companies        communities            technology    




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:
Automotive supplier Boysen to build $34M plant
Airbus growth forecast bodes well for coastal aerospace corridor
Business incubator will open in town next month
USA Foundation hopes to move forward with developing Brookley property
2012 Alabama Launchpad Innovation & Entrepreneurship Conference



Automotive supplier Boysen to build $34M plant

Published: Thursday, September 6, 2012 at 4:02 p.m.

By Patrick Rupinski 


TUSCALOOSA | Boysen, a privately owned German company that specializes in making in automotive exhaust systems, will start work on a new plant on Brookwood Parkway in Brookwood within the next two weeks, its president said Thursday.


Rolf Geisel, who heads the company that has plants on four continents and plans for a fifth in South America, said Boysen will invest more than $34 million in the Brookwood plant. It will operate as Boysen USA Alabama LLC.


The plant which should be finished next year, will make exhaust systems - mufflers and catalytic converters - for Mercedes-Benz's next generation of C-Class sedans, which will be made at Mercedes plant in Vance starting in 2014.

The new plant will initially will employ 99 people.


Thomas E. Wurster, a member of Boysen's board of directors, said Shelton State Community College will handle most of the specialized training that will be needed for the workers Boysen hires when the plant opens.


He said the building is being designed so it could be expanded in the future and will include high-technology manufacturing. It will be about two miles from the Mercedes plant, allowing the company to ship the finished exhaust systems to Mercedes as they are needed for installation.




[Tuscaloosa News


Airbus growth forecast bodes well for coastal aerospace corridor

Published: Wednesday, September 05, 2012, 7:25 PM    

By Kelli Dugan, Press-Register 


MOBILE, Alabama -- Opportunity and transformation are the words on the lips of both local and regional economic development officials in the wake of Airbus revised global aircraft forecast through 2031.


"We're already the fourth-largest aerospace corridor in the world, and this is just going to make it stronger," said Neal Wade, chairman of the Aerospace Alliance and Alabama's former secretary of commerce.


The European plane maker released today a revised 20-year forecast for aircraft demand, indicating some 28,200 planes will be needed to offset rising fuel costs and capitalize fully on servicing emerging markets.


But what exactly does an estimated $4 trillion global investment mean for the city and region selected in July to house Airbus first aircraft assembly plant in the United States?


Troy Wayman, vice president of economic development for the Mobile Area Chamber of Commerce, said the $600 million facility expected to generate more than 3,000 direct and indirect jobs by the time production begins in 2016 certainly means far more than planes in the air and jobs on the ground.


"I think Airbus has seen the writing on the wall for a while that the aircraft market is right on the cusp of immense growth and I think its one of the things that helped them make the decision to build here in Mobile," he said. "And when you're talking about $100 million per aircraft, that's a lot of money."






Business incubator will open in town next month

Published: Friday, September 7, 2012 at 3:30 a.m.
By Patrick Rupinski


TUSCALOOSA | Regions Bank gave the building. The University of Alabama gave money to help spruce it up. And volunteers gave much of the sweat to ready Tuscaloosa community's first business incubator - something that has been talked about for years, but was finished in just a few months.

Known as The Edge - Center for Entrepreneurship and Innovation, the incubator was unveiled Thursday by local officials. The Edge is a place where very small, young businesses can get help and share resources that can help them grow.

Its goal is to help the businesses grow enough so they leave the incubator for a facility of their own, said Jim Page, president of the Chamber of Commerce of West Alabama, which is partnering with UA and the city of Tuscaloosa on the endeavor.

The incubator is in an 8,700-square-foot white-brick building at 800 22nd Ave. in downtown Tuscaloosa. It is behind the downtown Regions Bank. The building, which was used as a Federal Emergency Management Agency center after the April 27, 2011, tornado, is owned by Regions, which is letting The Edge use the building for two years.

Page said he thinks there could be enough interest from budding entrepreneurs to fill The Edge quickly, and that it might need a larger facility within two years.

"We already have one tenant already lined up," he said. "But we have had interest expressed by several other potential tenants" as word got out.




[Tuscaloosa News


USA Foundation hopes to move forward with developing Brookley property

Published: Thursday, September 06, 2012, 4:52 PM    
By Renee Busby, Press-Register 


MOBILE, Alabama -- Before Airbus announced its new assembly plant at Brookley, the University of South Alabama Foundation was already discussing how to develop its new property in that same complex.


With Airbus coming to the Brookley Aeroplex, developing a plan for the foundation's Brookley property becomes more "immediate," director Maxey Roberts said Thursday.


"We want the property to reflect positively on the foundation and the university," Roberts told foundation members during their meeting Thursday.


Roberts said the foundation wants to "capitalize on the Brookley site assets."







2012 Innovation Conference  



We are pleased to confirm Governor Bentley will be speaking!

Website: www.innovatealabama.com

Place: Wynfrey Hotel, Birmingham, Ala.


$200.00 - Full Conference for October 2 & 3:  

$75.00  - Oct. 2 Dinner Event Only   

$150.00 - Oct. 3 Full Conference Day Only


After September 8

$250.00 - Full Conference for October 2 & 3  

$75.00 - Oct. 2 Dinner Event Only  

$175.00 - Oct. 3 Full Conference Day Only

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, 

Sam Grimes
Join Our Mailing List