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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:
Alabama seventh-best state for entrepreneurship, analysis finds
Jasper auto supplier adding jobs, new business through Toyota program
Hexcel predicts aerospace growth
More companies eyeing Huntsville's Jetplex Industrial Park
Mega entertainment, sports tourism project in works in Baldwin County
Two-year college system seeks $478 million in state funds for next year
Workshop to review design for proposed...National Manufacturing Innovation Network

 


 

 

 

Alabama seventh-best state for entrepreneurship, analysis finds
Published: Thursday, December 13, 2012
By Stan Diel | sdiel@al.com 

 

The Small Business & Entrepreneurship Council ranked the states based on 46 state and local government policy and economic measures, including tax burden, regulatory expenses, the cost of electricity, crime rate, health care costs and education reform and standards.

 

The five states judged to be most friendly to entrepreneurs were South Dakota, Nevada, Texas, Wyoming and Florida. The five judged to be least friendly were Maine, New York, Vermont, New Jersey and California.

 

more...

 

[al.com]

 

 

 

 


 

 

 
 

 

 


 

 

 

Jasper auto supplier adding jobs, new business through Toyota program
Published: Friday, December 14, 2012
By Dawn Kent | dkent@al.com 

JASPER, Alabama -- Vistech Manufacturing Solutions, a minority-owned auto supplier with a plant in Jasper, is expanding its business through a match-making program run by Toyota.


By the end of 2013, Vistech expects to add 10 jobs to its 30-member workforce in Jasper, as well as $3 million in annual revenue.

The California-based company is a second tier supplier for Toyota's auto plant near Tupelo, Miss. It supplies automotive interior parts, such as spare tire boards and fender liners, to a first tier supplier for that plant.

Through the Toyota Opportunity Exchange program, the automaker introduces minority-owned businesses to other direct suppliers. In this case, Toyota's match-making connected Vistech with a Tier 1 supplier that also does work for Nissan, and Vistech will be supplying parts for that automaker under its new contract. 

 

more...

 

[al.com]


 

 

 
 

 

 


 

Hexcel predicts aerospace growth
By Eric Fleischauer
12/13/12
The Decatur Daily

Hexcel Corp., which employs 150 at its expanding Decatur plant, told shareholders Wednesday aerospace sales will continue to drive growth in 2013.

Chief Executive Officer David Berges said the company expects double-digit growth in the commercial aerospace market, which comprises 60 percent of its sales. Most of the growth comes from sales related to the production of Airbus and Boeing passenger jets, which use large amounts of the composite materials Hexcel produces.

 

Hexcel projected 2013 earnings of between $1.66 and $1.78 per share, within analyst expectations.

 

more...

 

[Decatur Daily]


 

 

 

 

 


 

 

 

More companies eyeing Huntsville's Jetplex Industrial Park 
Published: Thursday, December 13, 2012
By Martin Swant | mswant@al.com 

HUNTSVILLE, Alabama -- A number of new companies are looking to locate or expand at the Huntsville International Airport's Jetplex Industrial Park.   

Most of the companies are yet unnamed until projects and proposals are finalized, but there are some new details:

At the Huntsville Madison County Airport Authority's monthly meeting this week, Jetplex director Brooks Krackeupdated the board of directors on new and potential developments. He said there is a "significant project" interested in the Jetplex Aviation Center, which is on a steady track with a final proposal submitted earlier this month. Consultants are evaluating all of the information and will make a recommendation to the client company sometime in January.


A Limestone County company is scheduled to close on a building "within the coming weeks." The company currently has a 4,500-square-foot building and are purchasing one with 10,500 square feet. The company has 60 employees and plans to hire another 10 when it expands and then another 10 after that.


more...



 

 

 

 


 

 

 

Mega entertainment, sports tourism project in works in Baldwin County
By Marc D. Anderson | manderson@al.com 
on December 13, 2012 

 FOLEY, Alabama -- This south Alabama city is on the cusp of giving the state an estimated $175 million annual boost in tourism dollars while adding jobs and new attractions to the region. 

 

In what Foley Mayor John Koniar calls a cross between Branson, Mo., and Six Flags, a proposed entertainment development called Blue Collar Country has been pitched for a 600-acre site within the city. The attraction would include an amphitheater, other performance venues, hotels, an RV resort, retail shops, rides, restaurants and other amenities.

 

While it's not a done deal, city officials have been working with the development company, one of its partners being singer Tony Orlando, for about a year looking for ways to help the project along and to also pair up for its own endeavor -- an indoor and outdoor sports complex -- on a portion of the site off the Beach Express south of U.S. 98, according to City Administrator Mike Thompson.

  

 

more...

 

[al.com]

 



 

 


 

 

 

Two-year college system seeks $478 million in state funds for next year
By Evan Belanger | ebelanger@al.com 
on December 13, 2012 

 

MONTGOMERY, Alabama-- The new chancellor of Alabama's two-year college system says he is "optimistic" about the system's request for a 29 percent funding bump from the state.

Voting unanimously today, the State Board of Education approved a request for $478.3 million in state funds for its 2013-14 budget. That included $410.7 million for operations, $57.4 million for capital needs and $10.2 million for deferred maintenance. 

 

"I'm optimistic because we believe that if we can develop our workforce and bring new business and industry in, we will more than pay for ourselves," Mark Heinrich, chancellor of the system, said after the meeting. 


According to Heinrich, if approved by the Legislature in the 2013 session, the funding request would restore the system to 2008 funding levels, before recessionary budget cuts swept the state. 

He said a significant part of budget request is to implement Accelerate Alabama, the state's strategic economic development plan that focuses on attracting new business and industry, business and workforce retention, and innovation.   

 

more...

 

[al.com]



 

 


 

 

Workshop to review design for proposed National Manufacturing Innovation Network

 

The first public workshop devoted to reviewing and refining the suggested design for a new National Network for Manufacturing Innovation (NNMI), an initiative proposed by President Obama, will be held Jan. 16, 2013, in Huntsville.

 

"Blueprint for Action: Workshop on the Design of the NNMI" will review the design developed from extensive public input received through four public dialog workshops as well as responses to a Request for Information. In addition to feedback on the resulting design, this workshop also seeks input on new questions related to the formation and operations of the proposed network's regional Institutes for Manufacturing Innovation (IMIs).

 

The workshop is organized by the federal interagency Advanced Manufacturing National Program Office (AMNPO), in cooperation with stakeholders and local organizations. The Department of Defense will host the event and additional support is being provided by NASA and The University of Alabama in Huntsville.

 

The workshop will be held at the Davidson Center for Space Exploration at the U.S. Space and Rocket Center. Capacity is limited. Registration will be on a first-come first-served basis, with no more than four representatives from the same organization. The registration fee is $50 per attendee, which covers attendee materials and meal and beverage costs.

 

On-line registration will end Jan. 7, 2013. Workshop information and a link to the registration site is available at http://manufacturing.gov/event_011613.html.

 

 

Media Contact: Mark Bello, mark.bello@nist.gov, (301) 975-3776

 

 

 

 

 

 


 




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