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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:
Bessemer-based Dayjon Inc. expansion to create 50 jobs
Alabama's economy continues its slow recovery



Bessemer-based Dayjon Inc. expansion to create 50 jobs
Published: Monday, October 29, 2012
By Stan Diel | sdiel@al.com 

BESSEMER, Alabama - A $2.8 million expansion by Bessemer-based Dayjon Inc. will enable the company to hire about 50 new employees and begin manufacturing conveyor belt systems in addition to servicing them, the company's founder said today.

Dayjon, founded nine years ago, recently moved from a 5,000-square-foot facility in Bessemer to a 35,000-square-foot building at 1050 Powder Plant Rd.


The company's business is, primarily, maintenance of conveyor systems used in coal mining. But the additional space and larger work force are the first steps in a plan to expand into the manufacture of conveyor systems for a variety of industries, said founder John Taylor.


"We fully plan to go national, and hopefully additionally, worldwide," he said.





Alabama's economy continues its slow recovery
Staff report
Published: Tuesday, October 30, 2012 

Alabama's economy is continuing a slow recovery and its performance for the year will be an improvement over 2011, according to a fourth quarter forecast from the Center for Business and Economic Research at the University of Alabama.


But most of the economic progress this year occurred in the first half of the year, said Ahmad Ijaz, an economist at CBER. During the second half, the recovery has slowed, he said.


Exports continue to be a source of strength for the state's economy with shipments up 15.9 percent to $10.1 billion for the first half of 2012 compared to the same period in 2011. Transportation equipment exports, in particular, climbed more than 31 percent.


But during second half of the year, exports have not kept pace.





[Tuscaloosa News]









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