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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:
Safran Engineering Services to employ 50 at $2M Brookley Aeroplex facility
Payrolls in U.S. Increase More-Than-Forecast 146,000
Aviation Technology/ Etowah County School



Safran Engineering Services to employ 50 at $2M Brookley Aeroplex facility
By Kelli Dugan | kdugan@al.com 
on December 06, 2012 

MOBILE, Alabama - Mobile welcomed officially its first Airbus-related supplier Thursday barely five months after the Toulouse-based planemaker selected the Port City to house its first North America final assembly plant.


"Our hope and desire is to continue to grow with Mobile in its upward trajectory," said Bruno Bernard, chief executive officer of Safran Engineering Services.


Labinal - through its subsidiary Safran Engineering Services -will open a $2 million engineering facility at Mobile's Brookley Aeroplex, Bernard announced formally from the Arthur Outlaw Convention Center in downtown Mobile.


Slated for completion in early 2013, Safran will eventually employ 50 engineers in Mobile with an expected starting annual salary of about $70,000.









Payrolls in U.S. Increase More-Than-Forecast 146,000
By Shobhana Chandra - Dec 7, 2012
Payrolls rose more than anticipated and the jobless rate fell to an almost four-year low in November, indicating superstorm Sandy's effect on the U.S. labor market was limited.

Employment climbed by 146,000 following a revised 138,000 gain in October that was less than initially estimated, Labor Department figures showed today in Washington. The median estimate of 91 economists surveyed by Bloomberg called for a gain of 85,000. Sandy "did not substantively impact" the data, the agency said.


 The unemployment rate fell to 7.7 percent, the lowest since December 2008, as size of the labor force shrank.

Stock-index futures advanced as the gain in hiring indicated consumer spending, the biggest part of the economy, will keep expanding. At the same time, concern about more than $600 billion in fiscal tightening slated for early next year threatens growth and may set back employment, one reason Federal Reserve policy makers are weighing increasing stimulus.


The pace of payroll growth "is too slow to make much of a dent into the pool of unemployed, but it's steady and persistent,"James Glassman, senior economist at JPMorgan Chase & Co. in New York, said during a radio interview on Bloomberg Surveillance. "If you look into next year, there's a lot of reasons why we should be expecting better."


more ...








Aviation Technology/ Etowah County School
Students in Etowah County Schools will soon be able to learn aviation technology. 

The Etowah County Board of Education has approved an agreement with Enterprise State Community College to begin a new dual-enrollment program with the college's Alabama Aviation Center in Albertville.

An added bonus of the program is that tuition costs for students who wish to enroll in the program will be covered by Alabama's Workforce Development Program. 

 Students who participate in the Aviation Center's airframe technology program will take nine courses which focus on aircraft structure and systems. 



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Enjoy the day, 

Val Walton
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