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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.
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ST Aerospace snags third-quarter orders worth $590 million Published: Wednesday, October 10, 2012
By Kelli Dugan | kdugan@al.com
MOBILE, Alabama - ST Aerospace secured $590 million in new contracts in the third quarter of 2012, the company announced Thursday.
ST Aerospace Mobile employs about 1,500 at Brookley Aeroplex, where it maintains and overhauls large airplanes.
The third-quarter contracts ranged from airframe, component and engine maintenance to engineering design support and do not include a separate $80 million component repair management contract awarded by AirAsia in July.
Wednesday's figures represent an almost 4 percent increase compared with the $370 million in new contracts the company booked in the previous quarter. The company also completed airframe maintenance and modification work for 156 aircraft during the third quarter.
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Troy Montgomery gets economic development institute
Elected leaders and business people from across the region will soon come to Montgomery to learn how to develop their own communities. Classes begin in April at the Southeast Community Development Institute in Whitley Hall on Troy Montgomery's downtown campus. It will be one of only five such sites in the nation. Others are in Texas, Arkansas, Illinois and Idaho. Montgomery impressed the search committee, which had a representative each from Louisiana, Texas and Atlanta, said Wiley Blankenship, the director of Troy's Center for International Business and Economic Development. "That really helped Troy Montgomery sell (the site)," he said.
more...
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Monroeville summit shows support for south Alabama industries
Published: Tuesday, October 09, 2012
By Ellen Mitchell | emitchell@al.com
MONROEVILLE, Alabama -- More than 50 government officials and business owners gathered today in Monroeville for the Existing Industry Appreciation Summit.
Jim Searcy, executive director of Coastal Gateway Regional Economic Development Alliance, said the purpose of the event was to provide information and support to southern Alabama companies in order to create opportunities in the region.
"The health of our existing businesses is critical to our success as a region," Searcy said. "According to the Bureau of Labor Statistics, 60% of private job creation comes from existing industries. This summit provides an opportunity to say 'thank you' to companies for their many contributions to our communities."
Held by the CGEDA and sponsored by Alabama Power Co., the event welcomed industries in Choctaw, Clarke, Conecuh, Escambia and Monroe counties.
more...
[al.com]
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Eco-friendly plant that uses panels produced by Alabama Launchpad winner looks to locate in city
By Laura Pemberton Published: October 9, 2012
High tech solar water purification products might soon be produced in Alexander City.
EcoGreen Energies is planning to locate a startup factory in the Alexander City, according to Gary Neece, managing member.
Neese estimated the factory would open in early 2013 and said the company is working with the Lake Martin Area Economic Development to explore different location options.
"I don't know how close we are," said EDA Director Don McClellan. "It's still a work in progress. We'll continue to work on it."
He said the factory will produce solar desalination panels, which are used in disaster areas, drought and tropical areas to convert ocean water to drinking water. Neece said Mike Wofsey, a 2007-2008 Alabama Launchpad winner at the University of Alabama, developed the SEA Panels, and they are produced with some of the same techniques as textiles.
more...
[Alexander City Outlook]
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EDPA Announces New Communications Director
 BIRMINGHAM, Ala.,- A veteran Birmingham journalist has been named communications director at the Economic Development Partnership of Alabama.
Val Walton, who worked for The Birmingham News for 18 years, will develop communication strategies and manage media efforts for EDPA, a private, non-profit organization that provides services to companies considering location in Alabama, encourages emerging business development and equips companies and communities to have the competitive edge.
"In addition to being an excellent communicator, Val has great knowledge of a number of sectors that are important to economic development through her years of experience as a journalist at Alabama's largest newspaper," said EDPA President Bill Taylor. "We are extremely fortunate to have her on the EDPA team and look forward to her contributions to our efforts."
During her 24-year journalism career, Walton covered a broad range of topics, ranging from police, courts, environment, business, municipal government, healthcare to higher education.
As a News reporter, she was part of the reporting teams for high-profile trials such as the Sixteenth Street Bombing case and the prosecutions of Richard Scrushy and bomber Eric Robert Rudolph.
She was named a member of the Tornado Team that wrote about the aftermath of the April 27, 2011, tornado outbreak that devastated the state.
Walton began her career in 1988 as a reporter for The Carroll County Times in Westminster, Md. She has written for The Easton Express and The Harrisburg Patriot-News, daily newspapers in Pennsylvania. She also was a staff writer for The Indianapolis Star before returning to Alabama in 1994.
She graduated from the University of Alabama in 1988 with a degree in journalism.
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Enjoy the day,
Val Walton
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