EDPA NewsFlash

 

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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:
EDPA Foundation elects entrepreneurial-focused board of directors
Local manufacturer receives $210 million order from Texas
Alabama's two-year college system aims to expand worker training pacts with businesses around the state
Patents propel prosperity in Huntsville, new study shows
U.S. Adds 157,000 Jobs; Jobless Rate Edges Up to 7.9 U.S. Adds 157,000 Jobs; Jobless Rate Edges Up to 7.9%
Sewell announces job readiness initiative, continuation of district job fair
Baldwin County Economic Development Alliance reveals new logo and website
Thomasville shows local leaders possiblilities

 


 

 

EDPA Foundation elects entrepreneurial-focused board of directors
 By Kelli Dugan | kdugan@al.com 
on January 31, 2013

MONTGOMERY, Alabama - Mobile's Michael Chambers, president and chief executive officer of Swift Biotechnology, was one of five new board members elected recently by the Economic Development Partnership of Alabama Foundation.

 

The statewide organization focuses on the creation of high-paying, technology-based jobs through innovation, entrepreneurship and commercialization. The new board members were elected during the foundation's Jan. 22 meeting in Montgomery.

 

James H. Sanford, an Auburn University trustee and chairman of the board for HOME Place Farms Inc., serves as the board chairman. Sanford is chairman of Choice Cotton Inc., the Alabama Cotton Commission and the Auburn Research and Technology Foundation.

 

Angela Wier, the EDPA's vice president, applauded the wealth of experience the foundation's new board members bring to the table.

 

"Their collective experience and entrepreneurial spirit will strengthen our ability to execute our mission to support entrepreneurs and to increase high-growth, innovative ventures that have the potential to thrive in Alabama," Wier said in a prepared statement.

 

more...

 

[al.com]

 

 

 

 

 

 

 

 


 

 

Local manufacturer receives $210 million order from Texas
By Patrick McCreless|Anniston Star
January 31, 2012.

Many daily commuters in Dallas will soon have Anniston to thank for a ride.

Anniston-based bus manufacturer North American Bus Industries recently won a $210 million contract to build hundreds of natural gas-fueled buses for the Dallas Area Rapid Transit, or DART. The deal means cheaper, more energy-efficient transportation for Dallas commuters and steady employment for hundreds of area workers for the next few years, according to officials on both sides of the deal.

Bill Coryell, vice president of sales for the NABI western region, said while the company will not be hiring more people to make the buses, the order will keep employees quite busy through 2015, when the contract is complete. NABI employs more than 600 people.

"We're proud to have that business," Coryell said.
 
more...
 

 

 

 


 

 

Alabama's two-year college system aims to expand worker training pacts with businesses around the state
By Dawn Kent | dkent@al.com 
on January 31, 2013

MONTGOMERY, Alabama -- A $1.6 million technical training pact announced this week by Mercedes-Benz and Shelton State Community College will be a model for similar partnerships the two-year college system plans to create with manufacturers across Alabama.
 

Alabama Community College System Chancellor Mark Heinrich said he plans to increase such corporate partnerships by 30 percent over the next 12 to 18 months by expanding existing programs and adding new companies to the list.

 

Heinrich noted his expansion goals Wednesday during a signing ceremony in Tuscaloosa for the Mercedes-Shelton State partnership, which will involve the purchase of robotics equipment to be used in worker training.

 

[al.com]

 

  

 


 

 

Patents propel prosperity in Huntsville, new study shows
By Martin Swant | mswant@al.com 
on February 01, 2013

HUNTSVILLE, Alabama -- Given its rocket science roots, Huntsville's smart-town reputation is no secret, but a new report shows just how much the brains attract bigger bucks.   


A new Brookings Institution report released today found that Huntsville inventors received an annual average of 156 patents between 2007 and 2011, placing the metro area as 88th among the 358 areas analyzed in the report. Huntsville ranks much higher in patent claims  -- the city averaged 17 claims per patent between 2007 and 2011. Patents with more claims often translate into higher value.

High patent rates can be a major driver of long-term economic growth, according the analysis of national and metropolitan area invention from 1980 through 2012. That growth - often arriving in the form of increased jobs, wages and company productivity - is also found where education and commerce meet. A low-patenting metro area could gain $4,300 more per worker over the next decade if it becomes a high-patenting area. Also, areas with high patent rates often have lower unemployment rates.  

Between 2006 and 2010, 657 patents have been awarded to Huntsville residents, according to the U.S. Patents and Trademarks Office, with the rate of patenting nationwide hitting historically high levels. And while patents are becoming concentrated in a small number of industries -- 46 percent of all patents can be grouped into 10 categories -- the economic impacts of each awarded are higher, both for the inventor and for the region.

 

more...

 

[al.com]

 

 

 

 

 

 


 

 

U.S. Adds 157,000 Jobs; Jobless Rate Edges Up to 7.9 U.S. Adds 157,000 Jobs; Jobless Rate Edges Up to 7.9%
 By 
 Published: February 1, 2013

American employers added 157,000 jobs in January compared with a revised 196,000 jobs the previous month, the Labor Department reported on Friday. The unemployment rate was little changed at 7.9 percent, about where it has been stuck since September.

 

On the bright side, revised Labor Department data showed that the economy added 335,000 more jobs than originally estimated during all of 2012, including an additional 150,000 in the last quarter of the year. That was on top of the previously reported fourth-quarter job growth of 603,000 and 2012 growth of 2.2 million.

Still, job growth has been modest compared with previous recoveries, and economists saw little in January's report to suggest that hiring would pick up soon.

 

"I think it's going to be a tough slog here," said Joshua Shapiro, chief United States economist for MFR Inc. "There are plenty of headwinds out there for the economy. The cost of hiring somebody is great, with benefit costs and everything, and unless companies really absolutely need someone, they're not going to hire."

 

[New York Times]

 

 

 

 

 

 

 


 

 

Sewell announces job readiness initiative, continuation of district job fair
By Joseph D. Bryant | jbryant@al.com 
on January 31, 2013 

BIRMINGHAM, Alabama -- U.S. Rep Terri Sewell is establishing a new workforce development initiative promoting public/private partnerships, job training and career development.

 

Sewell's "Project READY" will launch in February at Birmingham's Lawson State Community College. The program, a partnership with businesses and educational institutions, will consist of a series of traveling workshops throughout Alabama's 7th Congressional District by career professionals.

 

In addition, Sewell said she will continue to present a job fair in her district. Last year's job fair at the BJCC drew thousands of job seekers with lines winding through the downtown complex.

 

more...

 

[al.com]

 

 

 

 

 

 

 

 


 

 

Baldwin County Economic Development Alliance reveals new logo and website
By Ellen Mitchell | emitchell@al.com 
on January 30, 2013 

The Baldwin County Economic Development Alliance today unveiled a new logo and website in an effort to attract new business to the county.

 

 BCEDA said the website is meant to complement the new visual identity of the brand and to serve as a resource for companies considering Baldwin County to start or relocate business.

 

"Baldwin County is a successful location for aerospace, software development, IT and advanced manufacturing companies," Executive Director of BCEDA Lee Lawson said in a statement. "As the lead economic development organization for Baldwin County, our organization felt it was imperative that our brand identity and web presence match the corporate expectations of decision makers seeking to invest in our community."

 

more...

 

[al.com]

 

 




 

 

 

 

 


 

 


Thomasville shows local leaders possiblilities

By Penny L. Pool

January 30, 2013

 

The group of local leaders who took a bus trip to Thomasville last Thursday came back with some new ideas. Randolph County Economic Development Authority board members, representatives of the city councils and county commission, chamber of commerce members and the media went on the trip which was sponsored by the Economic Development Authority.

 

Following the trip RCEDA Chairman Wendell Shelton said, "I think it was a very positive trip. It is nice to see somebody our own size grow... All we've got to do is take this and make positive steps, such as in his comments to work together the next few years."

 

Cotina Terry, executive director of RCEDA, has known Thomasville Mayor Sheldon A. Day for a number of years. He welcomed everybody to Thomasville Civic Center where the Roanoke delegation was greeted by a number of people, including Amy Carlisle of the city development and planning, Amy Prescott, executive director of Thomasville Chamber of Commerce, and Daniel A. D'Andrea, business office manager with Alabama Power and chairman of the Thomasville Chamber of Commerce.

 

The attractive civic center is an old elementary school they renovated to be the heart of their efforts to move forward. Terry pointed out there are similar facilities in Randolph County that could be used in this fashion.

 

[Randolph Leader]


 

 

 

 

 




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