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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 and Germany celebrate economic partnership
National Geographic magazine highlights Birmingham as a city on the upswing
More than $1 million available for local small business startup
Honda's Alabama auto plant talks diversity, among its people and products
Montgomery Chamber's Minority Business Development Forum set for March 21
U.S. unemployment down to 7.7 percent, job growth accelerated in February
Lee Styslinger III, CEO of Altec Inc., joins Vulcan Materials boar

 


 

 

Alabama and Germany celebrate economic partnership
By Martin Swant | mswant@al.com 
on March 07, 2013 

HUNTSVILLE, Alabama -- Alabama and German officials spent Thursday night at the U.S. Space and Rocket Center celebrating capital investments and jobs created last year by 17 German companies.

 

It's been 20 years since Mercedes-Benz in 1993 announced its decision to chose Alabama as its first passenger vehicle manufacturing facility outside Germany. Alabama Governor Robert Bentley and former Alabama governor James Folsom Jr. -- who served as Alabama governor when Mercedes chose state -- both attended the Thursday dinner.  

 

A number of officials -- including Bentley, Alabama Secretary of Commerce Greg Canfield and German Consul General to the Southeast Christoph Sander -- spoke at the event, with astronaut Jim Halsell delivering the keynote.

 

"Had it not been for Mercedes coming in 1993, we would not have all the automobile companies that we have in the state now," Bentley said during remarks at the dinner. "And not only have you been a great partner to all of the German companies, you have helped us recruit other companies from all over the world. Because show the rest of the world what we know in Alabama."


more...

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National Geographic magazine highlights Birmingham as a city on the upswing
By Joseph D. Bryant | jbryant@al.com 
on March 08, 2013

BIRMINGHAM, Alabama -- Birmingham's contemporary amenities, including restaurants, Good People Brewery and Railroad Park, make it a city in a renaissance, according to the latest edition of

National Geographic Traveler magazine.

 

Birmingham is featured in the April edition of the magazine in a story titled "The Comeback: Toward the Promised Land."

 

In it, writer Kelsey Snell describes the city's revival, including the upcoming Regions Field and award-winning Railroad Park just across the street.

 

Snell says much has changed in the 50 years since the height of the city's civil rights era and violence of the 1960s.


more...

 

[al.com]

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 


 

 

 

 

 

 

 

 


 

 

 

More than $1 million available for local small business startups
By Patrick McCreless
pmccreless@annistonstar.com
Mar 08, 2013
 
Access to start-up money is no guarantee a new small business will succeed.

But it can't hurt.

A group of Calhoun County banks and private investors recently created the Advantage Capital Enterprise System program, pooling more than $1 million to lend to new small businesses. Entrepreneurs chosen for the program will receive up to $100,000 to help start their business ventures.

Along with a review council of bankers, investors and advisers, the Calhoun County Chamber of Commerce's Operation 1st RATE program and the Jacksonville State University Small Business Development Center are involved in the entrepreneur program.

"It's really great that these people have stepped forward to help," said Sherri Sumners, overseer of Operation 1st RATE, which mainly helps laid-off Anniston Army Depot and chemical weapons incinerator workers find new jobs.

John Wheeler, an Anniston native and retired banker with Regions Bank, started organizing the program more than a year ago as a way to improve the economic situation of the area through the creation of small business.

more...

[anniston star]


 

 

 

 

 

 

 

 

 


 

 

 


 

 

 

 

 

 

 

 


 

 

 

Honda's Alabama auto plant talks diversity, among its people and products
By Dawn Kent | dkent@al.com 
on March 08, 2013

LINCOLN, Alabama -- A church drummer. A volunteer firefighter. A competitive vegan body builder. And the list goes on.

While it may sound like those people have nothing in common, they're all employees of the Honda plant in Talladega County, and they're helping the Japanese automaker tell a story about diversity and teamwork.

 

This week, Honda representatives visited Lincoln High School with two specially-designed vehicles in tow.

 

An Odyssey minivan and Pilot SUV, both models produced at the Alabama factory, were wrapped with photos of employees doing things they love to do, from bowling to knitting.

 

more...

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Montgomery Chamber's Minority Business Development Forum set for March 21
By Erin Edgemon | eedgemon@al.com 
on March 07, 2013

MONTGOMERY, Alabama -- The Montgomery Area Chamber of Commerce will present its eighth annual Minority Business Development Forum on Thursday, March 21 at the Chamber's Small Business Resource Center.

 

This year, minority business owners, community and business leaders and the Chamber's senior staff will join a prestigious panel of experts to discuss Small Business Incentives and Reducing Barriers to Growth, the Chamber released.

 

The panel includes: Alabama Secretary of Commerce Greg Canfield; Montgomery Mayor Todd Strange; Sen. Greg Reed, Alabama State Senate; and Rep. Rod Scott, Alabama House of Representatives

The Forum will begin with a continental breakfast and networking, followed by the panel discussion with a question and answer period.

 

more...

 

[al.com]


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 


 

 

 

 

 

 

 

 


 

 

 

U.S. unemployment down to 7.7 percent, job growth accelerated in February
By Alex Walsh | awalsh@al.com 
on March 08, 2013 

The official U.S. unemployment rate moved down to 7.7 percent in February, the Bureau of Labor Statistics reported this morning, the result of an uptick in job growth relative to recent months. January's unemployment rate was 7.9 percent.

The nationwide economy added 236,000 jobs in February -- up more than 20 percent from the prior three-month average. Between November and January, the U.S. economy added an average of 195,000 jobs.

The three industries that added the most jobs were professional and business services (73,000 jobs added), construction (up 48,000), and health care (up 32,000). In the past six months, the construction industry has added 151,000 jobs, the BLS said.

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Lee Styslinger III, CEO of Altec Inc., joins Vulcan Materials board
Stan Diel | sdiel@al.com 
on March 07, 2013 

BIRMINGHAM, Alabama - Lee Styslinger III, chairman and CEO of Altec, Inc., has been elected to Vulcan Materials Co.'s board of directors.

 

Styslinger, 52, sits on the boards of companies and organizations including Regions Financial Corp., Harvard Business School and the National Association of Manufacturers. He earned an undergraduate degree at Northwestern University and an MBA at Harvard.

 

"We are very pleased that Lee has agreed to join Vulcan's board," Don James , chairman and CEO, said in a prepared statement. "We look forward to working with him in the years ahead and to his contributions as a member of our board.

 

more...

 

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