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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:
Ala. governor prepares workforce development group
THE NEW MONTGOMERY: Rebuilding boom: Leaders say redeveloped area experiencing an 'economic explosion
Boeing moving to Redstone Gateway, will occupy first three buildings at development
Landmark building to house apartments Developer will invest $15 million to convert structure



Ala. governor prepares workforce development group
Nov. 14, 2012

 (AP) - Gov. Robert Bentley says he plans to appoint a task force to help provide seamless workforce development training from the middle school through college.


Bentley told the Birmingham Business Alliance on Tuesday that development of a skilled workforce is the key to Alabama attracting more industries. He said he's setting up a task force that will include representatives of K-12 schools, two-year colleges, four-year colleges, and the state's job training program, Alabama Industrial Development Training. He said all education starting in the seventh grade ought to be geared toward workforce training.


Bentley also said Alabama needs to do more to encourage students to pursue skilled jobs and show them that skilled workers make a good living.












Redefining workforce development: Global trade transforming local hiring, recruitment methods
By Kelli Dugan | kdugan@al.com 
November 13, 2012


MOBILE, Alabama - Meeting the unique - and expanding - workforce development needs of southwest Alabama and the Mississippi Gulf coast requires a new way of thinking for a new way of doing business.


Local economic development officials such as Troy Wayman are confident, however, the region is "as prepared if not more than any other place in the country" to exceed the employment demands of an increasingly global business community.


"Do we have more work to do? Absolutely. But what we really need is to achieve a collective change in mindset that really grasps successful workforce development is a process and not an activity," said Wayman, who serves as both vice president of economic development for the Mobile Area Chamber of Commerce and chairman of the Southwest Alabama Workforce Development Council.















THE NEW MONTGOMERY: Rebuilding boom: Leaders say redeveloped area experiencing an 'economic explosion'
Written by Kala Kachmar and Brad Harper
 Nov. 14, 2012 

Many look at the baseball stadium, the restaurants, the hotels, the business buildings, the loft apartments and all the other ventures and developments that have sprung up downtown during the past decade and see a revitalized Montgomery.


Montgomery leaders look at these and see a foundation for the city they believe Montgomery will become.

While former Mayor Bobby Bright began the process of transforming a dying downtown into a vibrant one, the area now is experiencing a period of economic explosion from the foundation built during the past decade, according to Deputy Mayor Jeff Downes.


Many people may not realize that. Chad Emerson, the city's director of development, said there are seven or eight major projects in the works that haven't been publicly announced.


"A lot more has been done than people realize because they don't always see (projects) coming up out of the ground," Emerson said. "Development is not just the construction. Construction is typically the last phase of a project."



[Montgomery Advertiser]




Boeing moving to Redstone Gateway, will occupy first three buildings at development
By Leada Gore | lgore@al.com 
November 14, 2012

HUNTSVILLE, Alabama -- One of Huntsville's highest-profile commercial developments will soon have an equally high-profile tenant.


Boeing Company is relocating its offices from Cummings Research Park to Redstone Gateway, the $1 billion mixed-use development located just outside gate 9 at Redstone Arsenal. The move will consolidate several Boeing defense and space programs into one area. Boeing is unveiling its banner on the building Wednesday morning.


"As Boeing begins its 51st year in Alabama, this development agreement allows us to make the most of our facilities to best meet our business needs and those of our customers," said Tony Jones, vice president and Boeing Huntsville site executive. "Just as Huntsville is supportive of companies such as ours that are important contributors to the community, Boeing is committed to this city's future health. The City of Huntsville, Redstone Arsenal and NASA have validated this plan as being not only right for Boeing and our ability to meet customer commitments, but also important for the future economic viability of Huntsville, where many of our employees live and raise their families."


An artist's rendering of Boeing's banner on the first building at Redstone Gateway. Boeing is expected to move into the building by spring 2013




Landmark building to house apartments Developer will invest $15 million to convert structure built in 1925
By Patrick Rupinski
Business Editor
Published: Wednesday, November 14, 2012 

TUSCALOOSA | Weeks after a major developer received the OK to build a new $27 million Embassy Suites hotel downtown, another developer has announced plans for a major restoration of a landmark building across the street from the future hotel.


Heritage Land and Development Co. LLC of Memphis, Tenn., said Tuesday that it has bought the PNC Building and will convert the top eight floors of the 10-story tower into 100 one- and two-bedroom apartments, representing a $15 million investment.


The PNC Building is on the northeast corner of University Boulevard and Greensboro Avenue and was the first office tower in Tuscaloosa. The building dates back to 1925 and has been home to a number of banks since then, with offices on its upper floors.


John Glassell, a partner in Heritage Land and Development Co. LLC, the building's new owner, said PNC Bank will remain on the first two floors. The upper floors will be gutted and renovated into apartments with the first apartments ready to rent in August 2013.



[Tuscaloosa News]




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