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Greetings!

 

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:
Intergraph to build $58 million headquarters
Gov. Robert Bentley joins Limestone County economic development roundtable discussion
UA center seeks new sources for magnets as world supply ebbs
Norfolk Southern to cut the ribbon on its McCalla railroad hub today


 

 

Intergraph to build $58 million headquarters
Published: Tuesday, October 16, 2012
By Martin Swant | mswant@al.com

 

HUNTSVILLE, Alabama -- After decades of innovating inside decades-old buildings, Huntsville and Madison-grown Intergraph is finally getting a state-of-the-art headquarters that officials hope will be a catalyst for further development in the Interstate 565/Madison Boulevard corridor.  

 

A rendering of Intergraph's future $58 million headquarters in Madison. The five-story building is expected to open summer 2014.
 

Intergraph on Tuesday announced it will build a $58 million headquarters on the site of its current campus, consolidating its sprawling set of smaller buildings into a single five-story facility.

 

The new building for the engineering and geospacial software maker will total 250,000 square feet and house office space for 1,100 employees. The facility will include a new data center, conference space, food service area and lakeside terraces. Intergraph CEO and Hexagon AB President/CEO Ola Rollen said the vision for the headquarters began soon after Sweden-based Hexagon acquired the company in 2010 for $2.13 billion. Rollen said the facility will allow for collaboration and "spontaneous development."

 

  more...

 

[al.com]

 



 

Gov. Robert Bentley joins Limestone County economic development roundtable discussion
Published: Tuesday, October 16, 2012
By Kelly Kazek | kkazek@al.com
 

ATHENS, Alabama - On a trip through north Alabama Monday, Gov. Robert Bentley stopped in Limestone County to join a roundtable discussion on economic development hosted by the Greater Limestone County Chamber of Commerce.

 

Bentley met with Chamber board members, Limestone County Economic Development Association and local elected officials at Athens State University's Center for Lifelong Learning.

 

"The governor is very supportive of initiatives to enhance economic development and job growth and we appreciate his interest in Limestone County and north Alabama," said Chamber President Jennifer Williamson. "We expect to see continued growth and development in Limestone County and are excited about the future of our community."

 

Attendees at the meeting shared input on economic development in Athens and Limestone County but no new economic development announcements were made.

 

more...

 

[al.com]

 


 

UA center seeks new sources for magnets as world supply ebbs

By Kim Eaton

Staff Writer

Published: Wednesday, October 17, 2012 at 3:30 a.m.

 

TUSCALOOSA | Magnets are used in nearly all electronic devices, from computers and cellphones to airplanes and medical appliances. The materials needed to create magnets, however, are not as readily accessible, and with continued advances in electric energy, there is a growing concern that supply of the naturally magnetic materials will not keep up with demand.

 

Takao Suzuki, a University of Alabama professor and director of UA's Center for Materials for Information Technology, is leading an international effort to find alternative materials to produce a magnet that functions as well as or better than what is now used. The $1.6 million project, of which the MINT Center will receive $600,000 over the next four years, will involve 13 additional MINT Center researchers, as well as scientists in Delaware, Germany and Japan.

 

The project is part of an effort started several years ago when researchers began to notice the dwindling supply of rare-earth materials, or naturally magnetic materials that make the most powerful and efficient magnets. The size and reliability of the materials create magnets that are well-suited for electric motors that use the magnetic field as power, Suzuki said.

 

more ...

 

[Tuscaloosa News]

 



Norfolk Southern to cut the ribbon on its McCalla railroad hub today
Published: Wednesday, October 17, 2012
By Dawn Kent | dkent@al.com

Gov. Robert Bentley will join Norfolk Southern executives today for a ribbon-cutting ceremony at the company's new railroad hub in McCalla.

The $97.5 million Birmingham Regional Intermodal Facility is expected to create or help maintain 8,600 jobs in the region over the next 10 years.

With the capacity to handle about 165,000 containers and trailers annually, the hub is seen as an anchor for Norfolk Southern's $2.5 billion Crescent Corridor project.


more...




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