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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:
Norfolk Southern's new McCalla railroad hub expected to attract industry, support 8,600 jobs
Money Magazine says Huntsville among America's 25 best places to retire
Alabama Gulf Coast Recovery Council meets in Fairhope
Billionaire investor Paul G. Allen gives Huntsville audience a glimpse of his life
EDPA to hold fall board meeting in Huntsville


 

 

Norfolk Southern's new McCalla railroad hub expected to attract industry, support 8,600 jobs
Published: Wednesday, October 17, 2012
By Dawn Kent | dkent@al.com 

MCCALLA, Alabama -- Norfolk Southern's new railroad hub in McCalla is expected to be an anchor for existing businesses around Alabama and a drawing card for new ones, officials said today as they cut the ribbon on the $97.5 million facility.

The Birmingham Regional Intermodal Facility will employ about 200 people directly. But overall, it's projected to create or help maintain 8,600 jobs in the region over the next 10 years as companies benefit from the key piece of infrastructure.

The McCalla hub, where companies will ship their products and receive supplies, is part of Norfolk Southern's $2.5 billion Crescent Corridor project, which aims to boost the use of rail-to-truck shipping containers from New Orleans to New York.

It is the second of four new intermodal facilities to open for the project. One in Memphis opened in July, and two others -- in Greencastle, Pa., and Charlotte -- are set to open in 2013. Also, two existing terminals in Harrisburg, Pa., are going through major renovations.


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Money Magazine says Huntsville among America's 25 best places to retire 
Published: Wednesday, October 17, 2012
By Steve Doyle | sdoyle@al.com

HUNTSVILLE, Alabama -- Huntsville has been named to Money Magazine's annual "25 Best Places to Retire" list.
 
Huntsville, nearby Fort Payne, Athens, Ga., Summerville, S.C., and the Knoxville suburb of Sevierville, Tenn., were the only cities in the Deep South to catch the magazine's attention. Here's what Money had to say about Huntsville:
"Space buffs know Huntsville as 'The Rocket City' because the Marshall Space Flight Center was the original NASA, and it still plays a major role in civilian and government spacecraft and rocketry.
 
"Architecture aficionados know it for its 19th-century buildings; nature lovers know this northern Alabama city for its parks, botanical gardens, and nature preserves. While this Southern city seems to have something for everyone, so too does the University of Alabama (in Huntsville).

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Alabama Gulf Coast Recovery Council meets in Fairhope
Published: Wednesday, October 17, 2012
By Ellen Mitchell | emitchell@al.com 

FAIRHOPE, Alabama -- The Alabama Gulf Coast Recovery Council held its second official meeting today in Fairhope.


 Chaired by Gov. Robert Bentley, the 10-member committee of political leaders from Mobile and Baldwin counties is charged with distributing fine money paid to Alabama as a result of the 2010 Gulf oil spill.

 

The council reviewed and made small changes to the language of the council bylaws, but took no other actions. A large part of the group's discussion revolved around gaining control of the most money possible from the Restore Act, legislation approved by Congress in July that directs fine money paid by BP and other responsible parties to the Gulf Coast states.

 

Estimates of BP's penalty have ranged from $5 billion to $21 billion -- putting Alabama's share at a minimum of $1 billion.

 

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[al.com]

 

 

 

 



Billionaire investor Paul G. Allen gives Huntsville audience a glimpse of his life, dreams
Published: Wednesday, October 17, 2012
By Lee Roop | lroop@al.com

HUNTSVILLE, Alabama -- Microsoft co-founder Paul G. Allen came to Huntsville in a van 40 years ago "because there was a computer club" and he was barnstorming the country with an early computer called the Altair.

 

 Now 59 years old and worth $14 billion -- thanks to that other computer company he founded with Bill Gates -- Allen made his second visit to the Rocket City Wednesday aboard his personal Boeing 747 jet to talk about the new spaceflight company he's founded.

 

Speaking to the 24th annual Dr. Wernher von Braun Memorial Dinner sponsored by the Huntsville chapter of the National Space Club, Allen gave a glimpse into a life he's spending making "a contribution to the future" -- and having some fun. He spoke in a stage conversation with former Marshall Space Flight Center Director and current Dynetics, Inc. President David King.

 

Listening in were 800 people at the U.S. Space & Rocket Center.

 

Two bouts with cancer -- one 25 years ago and a second that began in 2009 -- have "had a positive effect on my life," Allen told King. When you know your time might be limited, Allen said, you start to think seriously about "how can you contribute to the future, make the world better."

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EDPA to hold fall board meeting in Huntsville 
Published: Wednesday, October 17, 2012
By Martin Swant | mswant@al.com 

HUNTSVILLE, Alabama -- Alabama business leaders will meet in Huntsville on Friday for theEconomic Development Partnership of Alabama's fall board meeting. 

 

 Attendees at the event, hosted by EDPA board member and Adtran CEO Thomas Stanton, will discuss economic growth and business development in Alabama and the EDPA's 2012 progress. Alabama Power CEO Charles McCrary and Regions Financial Corp. President and CEO Grayson Hall are both expected to attend, according to EDPA PresidentBill Taylor. 

 

 There will also be a reception on Thursday night at AEgis Technologies, hosted by AEgis CEO Steve Hill and Chief Technology Officer Bill Waite. Huntsville Mayor Tommy Battle and Alabama Secretary of Commerce Greg Canfield are both expected to attend.

 

 

more...

 

[al.com]

 

 







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Val Walton
   
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