EDPA NewsFlash

 

home       about edpa        relocation     resources for     resources for     entrepreneurship &
                                          assistance     companies        communities            technology    

 

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:
Louisiana-Pacific hiring 135 in restart of idled Clarke County mill
'Alabama is on the move'
Hartselle OKs tax abatement for Busche site
Honda exports 1 millionth vehicle from the U.S.; Alabama models included in shipment
Japanese automakers' U.S. investment tops $35 billion, 388,000 jobs
Regions CEO describes bank's progress despite "disappointingly slow" recovery
In wake of Hurricane Sandy, Alabama Power crews win over small New Jersey town

 


 

 

 

Louisiana-Pacific hiring 135 in restart of idled Clarke County mill
Published: Tuesday, December 11, 2012
By Ellen Mitchell | emitchell@al.com 

CLARKE COUNTY, Alabama -- Louisiana-Pacific Corp. plans to hire as many as 135 employees for its Clarke County mill when it reopens the shuttered oriented strand board facility next year.

 

The company is looking to fill 30 salaried and 105 hourly craftsman positions, said Jamey Barnes, Louisiana-Pacific vice president of OSB.

 

"We expect to be in a hiring mode going forward until we fill out our hourly roster," he said in a phone interview. "In order to get started up, I have to hire people and start training them as soon as possible."  

 

Louisiana-Pacific has been advertising positions online and has already hired the first round of salaried employees. The company also has job offers out for about seven hourly workers, Barnes said.

 

The Nashville-based company said in an earnings call to investors last month that it would open the Clarke County plant as early as the second quarter of 2013.  It has been out of production since an explosion in May 2008 that caused $4 million worth of damage. The mill had 130 employees when it was shuttered.

 

more...

[al.com]

 

 

 

 
 

 

 


 

'Alabama is on the move'
by James Phillips
December 12, 2012
 
During a visit to Jasper Tuesday afternoon, Lt. Gov. Kay Ivey proclaimed that "Alabama is on the move."

Ivey, speaking to the Rotary Club of Jasper, said there are many positive things happening in Alabama, especially in the area of job growth.

Ivey noted some of the state's job growth had taken place in Walker County and said more jobs are coming to the area soon, including expansions at Hayashi Telempu North America (formerly Amtex) and Fontaine Trailer Company. 

"Having folks in the legislature that are pro business makes a difference," Ivey said.

[Daily Mountain Eagle]
 

 

 

 


 

 

 

Hartselle OKs tax abatement for Busche site
By Lucy Berry
The Decatur Daily
12/12/12 

HARTSELLE - Busche Enterprises expects to bring 200 jobs to the Hartselle area within the next three years after purchasing the Emerson Climate Technologies plant in October.

 

The Hartselle City Council unanimously approved a resolution Tuesday night to abate noneducation taxes for the $20 million site, located on 48 acres near Thompson Road and Interstate 65.

 

The Indiana-based company, which worked with CP Compressor to buy the 263,000-square-foot facility, will receive about $54,000 in property abatement during a 10-year period and a $475,000 break on sales tax during construction. Busche will pay about $500,000 in education taxes.

 

Hartselle Councilman Ken Doss said the new Busche plant is a significant gain for Hartselle after Emerson Climate Technologies, formerly known as Copeland, Inc., announced it was closing in February 2010 and dwindled to less than 30 employees.

 

"It's very positive to get someone to actually take over the assets there," he said. "Copeland was a thriving business for many years, and we lost a lot of jobs. Hopefully, Busche will provide more quality jobs out there."


more...

 

 

 


 

 

 

Honda exports 1 millionth vehicle from the U.S.; Alabama models included in shipment
Published: Wednesday, December 12, 2012, 9:19 AM   
By Dawn Kent | dkent@al.com 

Honda marked a milestone on Tuesday by exporting its 1 millionth vehicle from the U.S.

The vehicle, a 2013 Honda Accord sedan produced at the Japanese automaker's plant in Marysville, Ohio, is bound for Seoul.

Employees from Honda operations across the U.S., including the company's Alabama plant in Talladega County, gathered in Port Hueneme, Calif., for the event.

The shipment contained other Honda exports, including Alabama-made Odyssey minivans and Pilot SUVs that also are destined for Seoul.

more...




 

 


 

 

 

Japanese automakers' U.S. investment tops $35 billion, 388,000 jobs
Published: Wednesday, December 12, 2012
By Dawn Kent | dkent@al.com 

 
 
more...
 
[al.com
 

 

 



 

 


 

 

Regions CEO describes bank's progress despite "disappointingly slow" recovery

Published: Tuesday, December 11, 2012

By Alex Walsh | awalsh@al.com 

BIRMINGHAM, Alabama -- Regions Financial CEO Grayson Hall said his bank is seeing pockets of strength in the current economic recovery, a recovery that he also described as being "disappointingly slow" overall.
 
Hall, guest speaker at The Birmingham Kiwanis Club's meeting earlier today, touched on key issues impacting that economic turnaround, as well as some factors having an impact on the performance of the banking business at large.
 
Mortgage lending is recovering, Hall said, with about a third of that business being related to home purchases, and the other two thirds involved in refinance. Auto lending is itself "extremely strong," and so far this year Regions has generated $42 billion in new and renewed loans, Hall said. The increase is a roughly 10 percent gain over last year's business.
 
Commercial real estate operations remain in recovery mode, Hall said, but are better off than they were a year ago.

 more...

 

[al.com]

 


 

 


 

 

In wake of Hurricane Sandy, Alabama Power crews win over small New Jersey town
Published: Tuesday, December 11, 2012
By Stan Diel | sdiel@al.com 

 

"They kept calling me 'Miss Theresa,'" said Fair Haven administrator Theresa Casagrande. "I felt like I was on the set of 'Gone With the Wind.'"

 

Casagrande and Mayor Benjamin R. Lucarelli said the town of 6,121 people was completely without power after the hurricane made landfall nearby on Oct. 29. Jersey Central Power & Light was focused on repairs that would benefit the most customers the fastest, and Fair Haven's size - just 2,200 households in 1.6 square-miles - put it far down their list of priorities, they said.

 

 

more...

 

[al.com]



 

 


 




Please feel free to forward along to someone who can use it by clicking on the "I'd like to forward this to a contact" link below the green bar. Note also, that you can now make changes to your e-mail address and contact information through the link at the bottom.    
 
If you have news or suggestions, please forward them along to me.
 
Enjoy the day, 

Val Walton
   
Join Our Mailing List