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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:
Marshall Space Flight Center scientist one of Time magazine's 25 most influential on space
Madison County plays major role in development and production of Army's new OH-58F Kiowa Warrior
Industrial park label simplifies choice
VW to build new SUV in U.S. Success of Passat, soft European market inspire automaker to design for
Birmingham's Railroad Park wins major award
Do You Want To Help Build Alabama's Economy?



Marshall Space Flight Center scientist one of Time magazine's 25 most influential on space
By Lee Roop | lroop@al.com 
October 24, 2012 

HUNTSVILLE, Alabama -- Dr. Chryssa Kouveliotou, an astrophysicist at NASA's Marshall Space Flight Center, is one of Time magazine's 25 most-influential people in space. Time calls Kouveliotou, a native of Greece, a "Gamma-Ray Argonaut." 

Time's list was published in the magazine's recent "New Space Discoveries" edition. 

The caption under Kouveliotou reads: "As a child growing up in Greece, Chryssa Kouveliotou spent summer nights lying on the beach searching the sky for falling stars and tracings of satellites. Her determination to explore the heavens graduated to more exotic phenomena. 'My first love was always gamma-ray bursts,' recalls Kouveliotou, of NASA's Marshall Space Flight Center, 'tremendous explosions that rock the universe like nothing else.' One source of gamma rays is magnetars, the tiny, superdense remains of supernovas that generate the most powerful magnetic fields in the universe; imagine a magnet strong enough to pull the keys out of your pocket from a distance halfway to the moon."





Madison County plays major role in development and production of Army's new OH-58F Kiowa Warrior
By Leada Gore | lgore@al.com 
October 24, 2012 

HUNTSVILLE, Alabama - Madison County is playing a major role in the development of the OH-58F Kiowa Warrior, the Army's next generation helicopter that will be tested on Redstone Arsenal and produced in Meridianville.


Officials from the Armed Scout Helicopter Project Office and U.S. Army Aviation and Missile Research Development and Engineering Center's Prototype Integration Facility delivered the first OH-58F to Redstone Arsenal today. The prototype work was done at AMRDEC's integration facility in Meridianville and testing will begin tomorrow at the U.S. Army Test and Evaluation Command on the Arsenal.


Development and building of the OH-58F, including work done for its earlier incarnation, the Cockpit and Sensor Upgrade Program, utilizes 27 Madison County government organizations and contractors. Army officials said in 2011-2012, the program brought $32 million into the local economy, with an additional $7 million set for next year.










Industrial park label simplifies choice
By Hannah Mask

RUSSELLVILLE - Officials with the Franklin County Industrial Development Authority want to make sure businesses that might wish to move into the Mike Green Industrial Park know what they're getting, Executive Director Mitch Mays said.


In 2008, the park became the third in the state to be designated an AdvantageSite by the Economic Development Partnership of Alabama, meaning the industrial development authority made sure the park met all criteria including specifics regarding size, zoning, accessibility and environmental conditions. The designation has to be renewed every four years. Earlier this week, the Mike Greek Industrial Park was re-designated as an AdvantageSite.


"Basically, (an Advantage-Site desigination means) a site has been set so that if a company should want to come in and locate there ... the industrial park has a competitive edge," said Val Walton, communications director for the Economic Development Partnership of Alabama. "(The park is) featured on our database that's used by site selection consultants for companies that are looking to expand in Alabama."


Mays said the designation not only helps with marketing, but it also means the development authority has all of the documents to prove to companies all of the environmental, historical and engineering studies have been completed, along with many others.







VW to build new SUV in U.S. Success of Passat, soft European market inspire automaker to design for Americans

October 25, 2012 

By Christine Tierney


Volkswagen AG is stepping up investments in the United States as demand for its vehicles is flagging in the European market.


VW Chief Executive Martin Winterkorn said the company expects to build an all-new SUV in the U.S. designed for American customers after the success of the new Passat sedan. A final decision is expected next year


Strong demand for the Passat, also designed for Americans, has transformed the U.S. into a growth hub for VW, which faces rough conditions in Europe.


The company said Wednesday its profit margins narrowed in the third quarter as pricing and demand for cars deteriorated.


While operating profits were down for the first time this year, its results exceeded expectations.

"Many of us wondered if VW's long period of outmaneuvering and outperforming the horrible European market was going to come to an end," said analyst Max Warburton at Bernstein Research. "Yet third-quarter results show little evidence of such pressure."'



more ...


[Detroit News]





Birmingham's Railroad Park wins major award
By Stan Diel | sdiel@al.com 

BIRMINGHAM, Alabama -- Birmingham's Railroad Park edged out parks in New York City, Portland and Calgary to win the Urban Land Institute's Urban Open Space Award, the institute announced.  

It's a major accolade for the two-year-old, $22 million park that overcame skepticism to reclaim 19 acres of overgrown space along the railroad tracks between downtown Birmingham and UAB. Among the parks that Railroad Park beat out for the honor was New York's famous High Line.


"It's a great honor to go up against the best and win," said Giles Perkins, the Birmingham attorney who was president of the Railroad Park Foundation during the park's design and construction.


The winner of the award, which recognizes parks that help revitalize communities, receives a $10,000 cash prize and is featured in Urban Land magazine. Officials representing the park were to be in Denver today to receive the award.



more ...






Do You Want To Help Build Alabama's Economy?

An Economic Development Representative Associate is being announced for application. Applicants must have a bachelor's degree from an accredited four-year college or university in economic development, business administration, marketing, engineering, geography, or a related field. The applicant must also have two years of experience in economic development.

A graduate degree in economic development, international relations, international business, or a related field will be allowed to substitute for one year of the required experience. An examination will consist of an evaluation of training and experience as shown on the application. Qualified applicants may also be required to complete an Experience Record Questionnaire.

The deadline to apply for this job is November 14, 2012.  The salary range is $37,389.60 - $56,685.60

Apply online, by mail, or by fax.

To print an application: http://personnel.alabama.gov/Documents/Announcements/101507_A.pdf

Apply online: http://personnel.alabama.gov/Applications/Announcements/AnnouncementDefault.aspx

Fax: (334) 242-1110

State of Alabama

Personnel Department

64 North Union Street

P. O. Box 304100

Montgomery, AL 36130-4100

Phone: (334) 242-3389




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Enjoy the day, 

Val Walton
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