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Greetings!

 

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:
Registration begins tomorrow for Alabama's business launch competition
ThyssenKrupp Stainless USA "fully operational" with melt shop start-up
Gulf Coast restoration council meeting in Mobile
Insourcing already benefitting Mobile economy, but what is it exactly?
Headland airport manager accepts job with Ozark airport

 


 


 

Registration begins tomorrow for Alabama's business launch competition
Published: Monday, December 10, 2012
By Martin Swant | mswant@al.com 
 

 HUNTSVILLE, Alabama -- Registration opens this week for the Economic Development Partnership of Alabama's annual Alabama Launchpad Start-Up Competition. 

  

Teams interested in the proof-of-concept competition can register starting Wednesday, Dec. 12, according to the EDPA. The competition has awards totaling $100,000 for the winning business ideas. "Pre-seed" teams interested in entering their business plans must complete an online application and pay a $150 fee by the Jan. 13 deadline.


"This is an important part of the state's effort to focus on job creation through innovation, entrepreneurship, research and development, and commercialization," EDPA President Bill Taylor said in a statement announcing competition. "This competition provides the opportunity to identify and support innovation that has high growth potential."

 

more...

 

[al.com]

 

 

 
 

 

 


 

ThyssenKrupp Stainless USA "fully operational" with melt shop start-up 
Published: Monday, December 10, 2012
By Ellen Mitchell | emitchell@al.com 

 CALVERT, Alabama -- ThyssenKrupp Stainless USA today officially opened the Melt Shop, the company's last in a series of manufacturing lines it has started since production began at the mill in September 2009.  
 

Started on the second anniversary of the Calvert site's official grand opening in December 2010, the line will melt scrap into new stainless steel, which will allow ThyssenKrupp to make its own steel for processing.

 

The facility can now manufacture "throughout the full life cycle of stainless steel," melting scrap metal, casting it into slabs, hot rolling it into coils, annealing and pickling the coils, cold rolling the material then finishing it according to the specification of the customer.   

 

"Today we celebrate with our team members, customers, and community our most important milestone to date," company CEO Michael Wallis said in a statement. "The full operation of the world's most technologically advanced stainless steel manufacturing facility is what we have all worked toward since we first announced we would make Alabama our home in May 2007."

 

more...

 

[al.com]

 

 

 

 


 

 

 

Gulf Coast restoration council meeting in Mobile
The Associated Press
Published: Tuesday, December 11, 2012

A council that's supposed to develop a plan to restore the environment and economy after the BP oil spill is holding its first public meeting.

 

The Gulf Coast Ecosystem Restoration Council meets Tuesday afternoon in Mobile. The council includes federal officials and state officials from the five Gulf Coast states. A spokesman for Alabama Gov. Robert Bentley said he plans to attend the meeting.

 

The council plans to work with states and towns to identify projects and programs that will restore natural resources, help businesses, and create jobs. The council is planning public hearings later in each of the Gulf Coast states.

 

more...

 

[Gadsden Times]


 

 

 


 

 

 

Insourcing already benefitting Mobile economy, but what is it exactly?
By Kelli Dugan | kdugan@al.com
on December 10, 2012 

MOBILE, Alabama - Rife with terms that are coined and outdated with dizzying frequency, the manufacturing sector has yielded a few recent gems of particular interest to Mobile and the surrounding area.

 

Insourcing is a snazzy way of saying foreign direct investment or the practice by which companies based abroad invest in the United States and create jobs benefitting the U.S. economy.

 

By contrast, terms such as "on-shoring" or "re-shoring" refer more to U.S. companies shifting production back home after decades of outsourcing the manufacturing and services to more economical locales.

 

Apple's recent commitment to shift production of at least one Mac line from China to the United States in 2013 is an example of on- or re-shoring, while the arrival of such international powerhouses as Airbus, ST Aerospace, ThyssenKrupp and Austal reflects the direct investment of foreign capital associated with traditional insourcing.

 

 

more...

 

[al.com]

 

 


 

 


 

 

 

Headland airport manager accepts job with Ozark airport

Posted: Thursday, December 6, 2012 

by Ebony Horton

 
A woman with a decade of experience in airport management and economic development has been hired in a newly-developed position for the Blackwell Airport in Ozark.

The Ozark-Dale County Economic Development Corporation (ODEC) appointed Stephanie Blankenship as the corporation's executive vice president and director of aviation in Ozark.

 

According to ODEC Executive Director Eric Basinger, Blankenship will assume the position Jan. 1.

 

A statement from Basinger said Blankenship has been instrumental in securing more than $2.6 million in federal airport improvement grants in Headland and that she previously served as executive director of the Henry County Economic Development Authority and as economic development assistant for the City of Headland.

 

The statement said Blankenship's duties in Dale County involve managing the airport and planning for future improvements, as well as assisting with economic development initiatives coordinated by ODEC.

 

 

more...

 

[Dothan Eagle]

 

 


 




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