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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:
Judy Bonner appointed as University of Alabama's first woman president
United Continental Holdings mulling twin-aisle fleet shift from Boeing to Airbus
Hundreds of Alabama Power employees working to restore power in New Jersey
Honda marks 30 years of U.S. auto production
Morgan Center Business Park receives state designation
Retired naval shipbuilder to chair Austal USA

 


 

Judy Bonner appointed as University of Alabama's first woman president

November 01, 2012 at 12:09 PM

By Kent Faulk | kfaulk@al.com    

 

TUSCALOOSA, Alabama -- The University of Alabama Board of Trustees voted unanimously moments ago to appoint Judy Bonner, the University of Alabama provost and executive vice president, as the Tuscaloosa campus'  next president.

Bonner is the first woman to lead the university in the school's 181-year history. She had served as interim president earlier this year after former President Robert Witt took the UA system's chancellor's job.

Bonner said she looked forward to working with the board. "We will build on the progress of the last decade. We will build on the momentum," Bonner said.

UA system Chancellor Robert Witt had recommended to the board that Bonner be appointed to the job.
 
The board had convened shortly after noon today and immediately went into executive session to discuss Wednesday's 
resignation of University of Alabama President Guy Bailey and who will be tapped to replace him.

 

more...

 

[al.com

 


 

United Continental Holdings mulling twin-aisle fleet shift from Boeing to Airbus

Published: Thursday, November 01, 2012, 9:34 AM    

By Kelli Dugan | kdugan@al.com 

 

MOBILE, Alabama - Airbus might soon loosen rival Boeing Co.'s stronghold on the large twin-aisle aircraft market in the United States, Bloomberg reports.

 

Citing sources "familiar with the talks," the report said Chicago-based United Continental Holdings Inc., the world's largest airline, is exploring the possibility of replacing its aging Boeing 747 fleet with the larger - yet lighter-weight - 350-seat A350-1000. However, United officials are also keeping a close eye on whatever model emerges to succeed Boeing's 777, its largest twin-engine version at the moment.

 

Richard Aboulafia, vice president of the Fairfax, Va.-based aerospace forecasting company the Teal Group, told Bloomberg this development will be a "wake-up call" for Boeing.

 

"There's a big market emerging for the next-generation of the 777-300ER, and so far, Airbus is the only manufacturer with a firmly-launched new product," Aboulafia said.

 

more...

 

[al.com

 


 

Hundreds of Alabama Power employees working to restore power in New Jersey

Published: Thursday, November 01, 2012, 10:47 AM   

By Stan Diel

 

Several hundred Alabama Power Co. workers are putting in 16-hour days helping to restore power in southern New Jersey, with more crews expected to arrive tonight, the head of the storm response team said today.

 

The Alabama Power crews have been assigned to about half the area served by Atlantic City Electric, a territory that includes both devastated shoreline communities and lightly-damaged inland areas, said Brian Lindsay, storm team director.

 

"The barrier islands ... we're finding significant damage to the power system there," Lindsay said. "We're finding boats up on the roads, blocking them."

 

The about 370 Alabama Power employees and contractors in southern New Jersey are among thousands of utility crews from all over the U.S. working to restore power in nine states and the District of Columbia in the wake of Hurricane Sandy, which made landfall on Monday.

 

more...

 

[al.com

 


 

Honda marks 30 years of U.S. auto production

Published: Thursday, November 01, 2012, 9:58 AM    

By Dawn Kent | dkent@al.com 

Japanese automaker Honda today marks its 30th anniversary of U.S. auto manufacturing, a journey that includes a major investment in Alabama.

Honda, which has more than $12.5 billion in U.S. investments, today announced an additional $200 million investment and 200 new jobs at two plants in Ohio.

Also today, the first Honda built in the U.S., a silver-gray 1983 Accord, is on display at the Henry Ford Museum in Dearborn, Mich. Its Ohio license plate reads USA 001.

Honda operates a light truck plant in the Talladega County town of Lincoln, where it started production in 2001.

In the past two years alone, the company has spent about $400 million and added 400 jobs at its Lincoln operations, where 4,000 people work.

 

more...

 

[al.com

 


 

Morgan Center Business Park receives state designation

11/1/12 

By Lucy Berry

 

The Morgan Center Business Park in Hartselle has received an Alabama AdvantageSite designation, the first in Morgan County.

 

The AdvantageSite program requires organizations to provide documentation on a proposed industrial site, including data on ownership and control, environmental and geotechnical conditions, and infrastructure status. The site must also meet size, zoning and accessibility requirements.

 

AdvantageSite is an industrial site preparedness program designed to make Alabama more competitive for companies considering relocating to the state.

 

"This designation will help Morgan Center gain the attention of prospects as we market the site to companies and site location consultants," said Jeremy Nails, president of the Morgan County Economic Development Association.

A ribbon cutting was held at 2 p.m. today at the 135-acre business park, which is located on Thompson Road less than half a mile from Interstate 65.

 

more...

 

[DecaturDaily.com

 


 

Retired naval shipbuilder to chair Austal USA

Published: Thursday, November 01, 2012, 6:30 AM    

By Ellen Mitchell | emitchell@al.com 

 

MOBILE, Alabama -- Austal today announced that John "Dugan" Shipway, a retired U.S. naval officer, has been elected to chair the board of Austal USA in Mobile, effective immediately.

 

Shipway, a retired rear admiral that spent 35 year in the Navy, joined the Austal USA board in March as an outside director. He will replace Lawrence Cavaiola, the inaugural chairman of Austal's U.S. subsidiary.

 

"Dugan has exceptional skills and experience in naval acquisition and shipbuilding that will be instrumental in guiding the U.S. business, which is now a major U.S. Navy prime contractor," Austal's Chairman John Rothwell said in a statement. "Dugan's expertise will really help the management to focus on the on-time, on-budget delivery of the extraordinary capability those ships provide the Navy."

 

Austal is currently under contract with the Navy to build nine 103-meter joint high-speed vessel under a 10-ship, $1.6 billion contract and five 127-meter littoral combat ships, four of which are a part of a 10-ship, $3.5 billion contract.

 

more...

 

[al.com




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