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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:
Alabama's agriculture, forestry and related industries have $70.4 billion economic impact
Auburn entrepreneur teams make state finals in start-up competition
Anniston City Council approves $450K for bike trail system expansion
Home Depot to hire 450 in Birmingham





Alabama's agriculture, forestry and related industries have $70.4 billion economic impact
By Dawn Kent | dkent@al.com 
on February 12, 2013

MONTGOMERY, Alabama -- Agriculture, forestry and related industries have a $70.4 billion economic impact on Alabama and provide more than 580,000 jobs, according to a new report.

The report, compiled by the Department of Agricultural Economics and Rural Sociology at Auburn University and based on 2010 farm data, was presented today in Montgomery with members of the Alabama Agribusiness Council and Gov. Robert Bentley in attendance.


Public and private agencies participated in the effort to develop a baseline of data for the industries' impact. A report of this scope has not been done since 1989.

























Auburn entrepreneur teams make state finals in start-up competition

Kristen Oliver | Opelika-Auburn News

Posted: Tuesday, February 12, 2013 

Three entrepreneur teams from Auburn University placed as finalists in the first round of the Alabama Launchpad Start-Up Competition, which offers a share of a $100,000 prize to the final winners.


The three teams with ties to Auburn are Carbon NanoTube Engineered Surfaces, LifeTech and Porcera. The competition is a program of the Economic Development Partnership of Alabama Foundation and is intended to encourage original ideas that have the potential to thrive and benefit the state.


The teams are charged with not only creating an original prototype, but with proof of its relevance in today's market, according to Doug Warrington, a member of Porcera's team.




[Opelika Auburn News]









Anniston City Council approves $450K for bike trail system expansion
By Paige Rentz/prentz@annistonstar.com
Feb 13, 2013

Mayor Vaughn Stewart wants Anniston to be able to call itself "Bike City, Alabama." A Tuesday vote by the City Council is putting the Model City closer to that goal.

Council members voted unanimously to fund $450,000 worth of work to extend the Coldwater Mountain Bike Trail system into Anniston and connect to a new trailhead and future park on Monsanto Road.

"In a lot of ways, that's the future of downtown, central Anniston," Stewart said.

Plans for the next phase of construction will add new loops off the Gateway Trailhead, as the park is being called, bringing the system total to 25 miles of trails.

"It's a great opportunity," said Councilman Jay Jenkins. "It creates a destination."











Home Depot to hire 450 in Birmingham
By Stan Diel | sdiel@al.com 
on February 13, 2013

BIRMINGHAM, Alabama -Home Depot is hiring 150 people to staff its McCalla distribution center, and has 450 openings in total at its Birmingham-area facilities, the company said today.


The 150 distribution center jobs are permanent, while 300 jobs in area stores are seasonal. About half of those hired for seasonal positions end up getting permanent jobs with the company, said spokeswoman Katherine Ellison.


The company will hold a series of invitation-only hiring events to fill the distribution center jobs. Previous experience is not required for the distribution center jobs, and seasonal store jobs will be assigned based on experience.














ANDALUSIA, ALA.- PowerSouth President and CEO Gary Smith has announced the appointment of Rick Kyle as Vice President and Chief Financial Officer. Kyle replaces Ferrell Walton, retiring Vice President and CFO.


Kyle was named Director of Financial Operations at PowerSouth in November 2007. He joined PowerSouth in February 1979 as General Accountant. His successive titles include Supervisor of General Accounting, Manager of General Accounting and Manager of Financial Planning.


Prior to his employment with PowerSouth, Kyle worked with Cox and Faulk Certified Public Accountants in Geneva, Ala. He is a graduate of Auburn University and received a MBA certificate from the A.B. Freeman School of Business at Tulane University.


"Rick's finance background and experience in accounting will be a great asset to PowerSouth, its member electric distribution systems and Alabama and northwest Florida," says Smith. "He's an excellent leader and manager, and he has been a valuable member of our management staff."

About PowerSouth:

PowerSouth serves the wholesale energy needs of 16 electric cooperatives and four municipal electric systems in Alabama and northwest Florida, with more than a million consumers in 39 Alabama and 10 Florida counties. PowerSouth is dedicated to providing reliable energy at the lowest possible cost to its members.


For more information:
Mark Ingram, Corporate Communication Manager
mark.ingram@powersouth.com    |     www.powersouth.com
















AlabamaGermany Partnership's (AGP) Board of Directors will recognize 12 German companies with recent investments and expansions in Alabama, at their Annual Dinner to be held in Huntsville on March 7th at the U.S. Space and Rocket Center. The dinner will feature Secretary Canfield.


"Our relationship with the German companies located in Alabama keeps getting stronger every year through partnerships such as this one," said Alabama Department of Commerce Secretary Greg Canfield. "More than 70 German companies have invested in our state and many continue to expand and create jobs. I congratulate each company on its commitment to Alabama and for working to strengthen our ties with Germany. We value our German community and look forward to many more announcements in the future."


This is the 15th Annual Dinner of the AlabamaGermany Partnership. The program in Huntsville on March 7will furthermore include 2 special guests; Consul General of Federal Republic of Germany and Colonel Jim Halsell, USAF, Retired - Retired NASA Astronaut and Veteran of 5 Space Shuttle Missions. Two other awards will as well be presented at the dinner - Dr. Barbara Fischer Award and Rainer Bauer Award. To register for the Annual Dinner please to go: www.alabamagermany.org


About AlabamaGermany Partnership

The AlabamaGermany Partnership is an Alabama non-profit corporation formed in 1998 to "develop and support relationships and friendships between organizations and individuals in Alabama and Germany". The membership of the AlabamaGermany Partnership is comprised of German companies with location in Alabama, companies and entities that want to do business with German companies, academic and cultural institutions with interest in the German culture and language throughout the State. For more information visit: www.alabamagermany.org



Tine Hoffmeister, Executive Director, AlabamaGermany Partnership

Phone: 205.943.4772, director@alabamagermany.org











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