EDPA NewsFlash

 

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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:
Tallassee auto supplier to add 20 jobs in $2 million expansion
Gulf Coast ranks 6th among Lonely Planet's 'Best in Travel' for 2013
International Shipholding buys vessel in $27.5 million deal
Lawrence County industrial park receives AdvantageSite designation
MG Industrial Park in Franklin County receives AdvantageSite Re-designation

 


 

Tallassee auto supplier to add 20 jobs in $2 million expansion 
Published: Tuesday, October 23, 2012
By Dawn Kent | dkent@al.com 

TALLASSEE, Alabama -- E & I, Inc., which makes automotive sealants and adhesives for Hyundai and Kia, today announced a plan to add 20 jobs and invest $2 million in its operations at Tallassee Industrial Park.

This marks the company's second expansion since it arrived in Tallassee in 2004, according to the Alabama Department of Commerce. Since then, E & I has invested about $15 million in the community.

"The decision today was the result of a great company matching its resources with a great local work force," Greg Canfield, secretary of the Alabama Department of Commerce, said in a prepared statement. "We will continue to work with E & I and hope that they announce many more expansions in Alabama."



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Gulf Coast ranks 6th among Lonely Planet's 'Best in Travel' for 2013
Published: Tuesday, October 23, 2012
By Kelli Dugan | kdugan@al.com 

MOBILE, Alabama -- Lonely Planet's annual 'Best in Travel' rankings list the Gulf Coast at sixth among the Top 10 regional destinations for 2013.

 

According to the report posted Tuesday on www.lonelyplanet.com, the "Gulf Coast -- never a place to take disaster lying down - has rebounded."

 

Indeed, the report's author's acknowledge immediately that a region that's become synonymous with oil spill probably doesn't leap to mind when vacation planning starts, but the article urges travelers to rethink their impressions of the Gulf states and give them a shot.

 

"Rolling sand dunes once again sparkle and seasonal travelers are once again enjoying the Gulf's tepid waters, not to mention its tender locally caught fish. The 'Redneck Riviera' is edging back to its best," the report states.


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International Shipholding buys vessel in $27.5 million deal 
Published: Tuesday, October 23, 2012
By Ellen Mitchell | emitchell@al.com 

MOBILE, Alabama -- International Shipholding Corp. in Mobile said Monday it has purchased a vessel equipped to ship cars, trucks and construction machinery in a deal valued at $27.5 million.

 

In a press release, the company said it had paid $3.5 million in cash for a 1999-built pure car truck carrier and sold its 1994-built PCTC, Green Cove, to the seller.


 The newly purchased PCTC will be reflagged under the U.S. flag and renamed Green Cove.

 

 "We are pleased to have enhanced our fleet with a modern, higher specification PCTC, which will provide us with expanded capability and flexibility in the transportation of cargoes," Erik Johnsen, president of International Shipholding, said in a statement. "This transaction further demonstrates management's ability to both realize value and increase the commercial potential of its fleet for the benefit of its shareholders."


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Lawrence County industrial park receives AdvantageSite designation
Published: Tuesday, October 23, 2012
By Dawn Kent | dkent@al.com 

BIRMINGHAM, Alabama -- The Economic Development Partnership of Alabama has given its AdvantageSite designation to Mallard Fox West Industrial Complex in Lawrence County.
Advantage Sites meet a specific set of criteria that cover size, zoning, accessibility, infrastructure and environmental and geotechnical conditions.

They also are featured on EDPA's buildings and sites database, which is used by site selection consultants, state economic developers and companies looking to expand in Alabama.

The 946-acre Mallard Fox West Industrial Complex is the 39th site in Alabama to receive the designation, and the first in Lawrence County.
Tony Stockton, executive director of the Lawrence County Industrial Development Board, said the designation will enhance the group's ability to recruit new business.

EDPA also gave an AdvantageSite redesignation to MG Industrial Park in Franklin County.

more...

 


 



MG Industrial Park in Franklin County receives AdvantageSite Re-designation

BIRMINGHAM, Ala., Oct. 23 - The MG Industrial Park, in Franklin County, Alabama's third
AdvantageSite, has received its re-designation from the Economic Development Partnership of Alabama. 
 
The AdvantageSite program requires that community economic development organizations provide
documentation specific to a proposed industrial site, including a set of standard data related to ownership/
control, environmental and geotechnical conditions, and infrastructure status. Sites must also meet size,
zoning and accessibility requirements.

 AdvantageSite is a voluntary industrial site preparedness program created in order to make the state more competitive for companies considering a location in Alabama.
 
The 190 acre site is located on Alabama Highway 243, 38 miles from I-22 and 50 miles to I-65. The 
Northwest Regional Airport in Muscle Shoals, AL is 20 miles and the Russellville Municipal Airport
Is just south of the site. 

The application process was managed locally by Franklin County Industrial Development Board
with a team of local entities supporting and/or participating in the process.

more...

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