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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:
Huntsman promises 225 new jobs as McIntosh plant expands
Sylacauga named among nation's '100 Best Communities' for 6th time
EADS and BAE Systems in talks for possible $49 billion merger
Math, science teaching in Alabama better than 10 years ago, but still needs improvement
Additional tax incentives could further business recruitment
Chamber officials scouting Airbus suppliers, success stories at Berlin air show


 

Huntsman promises 225 new jobs as McIntosh plant expands

Published: Wednesday, September 12, 2012, 10:32 AM    

By Ellen Mitchell, Press-Register 

 

MCINTOSH, Alabama -- Huntsman Corp. today said it will increase its global production of specialty epoxy resins following approval of expansion plans at its McIntosh resin facility, a move that will create 225 full time and contractor jobs at the site.

 

Huntsman Advanced Materials employs about 200 at its McIntosh location where it makes epoxy resins for aerospace components, oil and gas exploration and composite parts.

 

"These investments will bring enormous benefit and value to our customers around the world, helping them address some of the engineering challenges they face over the coming years to produce lighter, more efficient materials," Advanced Materials Division President James Huntsman said in a statement. "We greatly appreciate the help and support we have received from the state of Alabama in helping to bring this project to life."

 

The McIntosh expansion will more than double the site's production capacity and is expected to be completed in late 2014, according to the company.

 

more...

 

[Press-Register]



 

Sylacauga named among nation's '100 Best Communities' for 6th time

Published Sept 13, 2012

By Emily Adams

 

SYLACAUGA - Sylacauga was again named one of the nation's "100 Best Communities for Young People" by the America's Promise Alliance on Wednesday.

A six-time winner, the city was chosen out of more than 320 applicants for its focus on volunteer opportunities and health-oriented programs for youth, according to a press release.

Mayor Jim Heigl said the award is significant and meaningful to the community.

"So many dedicated people and programs contributed to this win, and it further reinforces our belief that a focus on youth pays dividends to the entire community," Heigl said.

The award recognizes communities across the nation that effectively work to increase graduation rates and provide youth with the "five promises" of caring adults, safe places, a healthy start, effective education and opportunities to help others.

As a winner, Sylacauga receives a $2,500 grant, signage identifying the community as a winner and access to America's Promise community development resources.

more...

 

[DailyHome.com



 

EADS and BAE Systems in talks for possible $49 billion merger

Published: Thursday, September 13, 2012, 7:02 AM

By Ellen Mitchell, Press-Register 

 

BAE Systems PLC and European Aeronautic, Defence & Space Co., the parent company of Airbus, said they were in talks toward a potential merger, a move that could create an aerospace and defense giant to rival Boeing Co. 

 

Under the terms of the proposed deal, shareholders of aerospace giant EADS would own 60 percent of the combined company, while BAE Systems shareholders would control the remaining 40 percent, the two companies said in a press release.

 

The combined market value of the two companies is $49.8 billion.

 

"The potential combination would create a world class international aerospace, defense and security group with substantial centers of manufacturing and technology excellence in France, Germany, Spain, the UK and the USA," BAE Systems said in a statement.

 

Greg Canfield, Alabama's secretary of commerce, said the immediate short-term benefit of today's announcement is a well-timed profile boost as economic development officials close out their networking at the ILA Berlin Air Show before departing for Toulouse, France.

 

Canfield said Alabama's prospects - as well as those for the larger Gulf states aerospace corridor - are reminiscent of the McDonnell Douglas-Boeing Co. merger in the late 1990s.

 

more...

 

[Press-Register

 


 

Math, science teaching in Alabama better than 10 years ago, but still needs improvement, report says

Published: Wednesday, September 12, 2012, 5:17 PM    

By Rena Havner Philips, Press-Register 

 

MOBILE, Alabama -- Alabama schools have made strides in teaching math and science over the last decade, according to a new report by business leaders nationwide, known as Change the Equation, or CTEq.

 

Yet there is still much room for improvement.

 

"Business leaders in Alabama have sounded an alarm," the report, called 2012 Vital Signs, states in its summary of the state. "They cannot find the science, technology, engineering and mathematics (STEM) talent they need to stay competitive. Students' lagging performance in K-12 is a critical reason why."

 

The report does credit Alabama, though, for beefing up its math standards as it became one of 44 states adopting the Common Core Standards, which the state is calling the Alabama College and Career Ready Standards, this year. Educators have said this involves a new, more common-sense approach to teaching math, and that it assures that students in all of these states are learning the same things.

 

more...

 

[Press-Register]



 

Additional tax incentives could further business recruitment: legislative and business leaders

Published: Wednesday, September 12, 2012, 3:57 PM    

By Martin Swant --- The Birmingham News 

 

BIRMINGHAM, Alabama -- Further pursuit of businesses through new tax incentives will help propel economic development in the regions, Jefferson County legislators and business leaders say. 


Delegates from the Alabama Legislature met with Birmingham business development leaders on Wednesday afternoon for updates on new tax incentive laws and other industry incentives might be pursued during the 2013 legislative session. The event at the
 Birmingham Business Alliance's downtown offices was organized by State Rep. Paul DeMarco, R-Homewood. DeMarco has worked on a number of bills related to economic development in the state.

DeMarco said September is a good month to talk about about bills for the 2013, rather than waiting until January right before the next session begins in February. He said bills such as the failed
 House Bills 159 and 160 could return. Another bill, which would provide state historic tax credits for renovating historic properties, also didn't pass but could be on the front burner during the next session. Officials say that bill could be enough to attract renovation of some of the state's most prominent vacant buildings, such as Birmingham's Brown-Marx Tower, the Pizitz Building and the Cabana Hotel.

"This is something I think you'll see the delegation get behind and pass as we continue to create a road map," DeMarco said in an interview after the meeting.

 

more...

 

[The Birmingham News]



 

Chamber officials scouting Airbus suppliers, success stories at Berlin air show

Published: Wednesday, September 12, 2012, 1:15 PM    

By Kelli Dugan, Press-Register 

 

BERLIN, Germany - Troy Wayman knew Mobile had truly arrived at the ILA Berlin Air Show when a random German aerospace vendor made the instantaneous connection between the port city and her ambassador's trek halfway around the world.

 

Wayman, vice president of economic development for the Mobile Area Chamber of Commerce, said when he and the chamber's economic development director, Claudia Zimmermann, told the man they were from Mobile, he instantly smiled and said, "Ah, Airbus. You have a lot of nice things happening. It must be great."

 

What's great, Wayman told the Press-Register by phone Wednesday, is that the international business community is already associating Airbus with Mobile. The European planemaker unveiled plans July 2 to construct a $600 million aircraft assembly plant at Brookley Aeroplex that's expected to create more than 3,000 direct and indirect jobs when the first planes are delivered in 2016.

 

The challenge accompanying the mounting international recognition, however, is managing expectations closer to home, he said.

 

"There's no question Airbus is going to be a game-changing event for Mobile and that it will represent tremendous growth for us. We just have to be sure we don't expect too much too fast," Wayman said.

 

more...

 

[Press-Register




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