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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:
275 new jobs on tap...North American Lighting plans 'quick-moving' $36 million expansion
Mobile's Airbus plant snags site selection, community impact award
Huntsville cyber security initiative organizes to pursue cyber jobs
Third time charm for Decatur deal? City council OKs agreement for $1.3 billion Sweetwater development
Innovation vital to U.S. economy, R&D researcher says
UAB School of Medicine ranked 10th in nation for primary care in U.S. News annual survey
PNC begins its second year of doing business in Alabama with positive outlook
Wells Fargo plans to lend more than $50 billion to women-owned businesses by end of the decade
Alabama Power, Birmingham Mayor William Bell announce events to commemorate 1963
Troy University Seeks New Director of the Center for International Business and Economic Development

 


 

 

275 new jobs on tap
North American Lighting plans 'quick-moving' $36 million expansion
By Bernie Delinski - TNValleyNow.com
3/13/13  

FLORENCE - North American Lighting is planning a $36 million expansion that will bring 275 more jobs and take the total employment at the Muscle Shoals plant to more than 1,000.

 

The Shoals Economic Development Authority agreed Tuesday to recommend dedicating $260,000 from the Shoals Economic Development Fund toward the project. The Shoals Industrial Development Committee meets Thursday to vote on approval of those funds.

 

The development committee is in charge of distributing money from a half-cent sales tax that took effect Aug. 1, 2007. The money is earmarked solely for economic development. Committee members are comprised of local elected officials from the Shoals' four main cities and from Colbert and Lauderdale counties.

 

SEDA President Forrest Wright said this is a quick-moving expansion project. He said initially the Shoals plant was not the leading contender for the expansion, so he was pleased when company officials decided to expand operations here.

 

"This is a very pleasant surprise," Wright said. "It was somewhat unexpected."

 

more...

 

[Decatur Daily]

 

 

 

 

 

 

 

 


 

 

 


 

 

 

 

 

 

 

 


 

 

 

Mobile's Airbus plant snags site selection, community impact award
By Kelli Dugan | kdugan@al.com 
on March 12, 2013

 

MOBILE, Alabama - Trade & Industry Development has named the $600 million Airbus final assembly plant at Mobile's Brookley Aeroplex among its top 15 corporate advancement award winners for 2013.

 

The site selection magazine selected the Airbus project as one of only 30 Corporate Investment and Community Impact winners nationwide for the transformational effect it's expected to have on the city of Mobile. Several hundred projects announced during 2012 were considered.

 

"While many in the U.S. were preparing for their upcoming Fourth of July celebrations, the city of Mobile, Ala., was celebrating an historic economic development announcement. Their celebration centered on the July 2, 2012 announcement by the French aircraft manufacturer Airbus that it would be making a capital investment of $600 million to locate its first U.S. manufacturing facility in this Alabama port city," the magazine stated.

 


 more...

[al.com]  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 


 

 

 

 

 

 

 

 


 

 


Huntsville cyber security initiative organizes to pursue cyber jobs
By Lee Roop | lroop@al.com 
on March 12, 2013

HUNTSVILLE, Alabama -- Part of the problem of developing a cyber security jobs initiative is talking about the often-secretive issue in public, but about 100 people from Huntsville academia, business and government got around that issue March 12 as they developed a plan to increase the Tennessee Valley's role in solving national cyber security challenges.

Those challenges,Cyber Huntsville InitiativePresident Dr. Rodney Robertson said, are as familiar as headlines about suspected attacks from China, Iran and private groups.
 

Robertson spelled out a five-year plan sparked by Huntsville Mayor Tommy Battle and already under way to bring cyber jobs to the Tennessee Valley. He said the area's assets begin with a federal workforce of 30,000-plus, many of whom already hold security clearances and understand cyber security issues.

 

Add to that potential talent pool the area's thousands of engineers, many trained in systems engineering, and the hundreds of government contractors in the area, and Robertson said the emphasis is an obvious move. 


more...

 

[al.com]


 

 


 

 

 

 

 

 

 

 

 


 

 

 


 

 

 

 

 

 

 

 


 

 


Third time charm for Decatur deal? City council OKs agreement for $1.3 billion Sweetwater development
By Kelly Kazek | kkazek@al.com 
on March 12, 2013

DECATUR, Alabama - Will the third time be the charm?

An agreement passed Monday night by the Decatur City Council is the closest the city has come to finalizing a major development deal at an area called Sweetwater since talks began in 2008. Another project was discussed for the area in 2011 but also stalled.

 

The latest proposed $1.3 billion retail development at Interstate 65 and I-565 in a Decatur-annexed portion of Limestone County is expected to bring 4,000 jobs to the area. Monday night's vote has City Council President Gary Hammon feeling good about the prospects.

 

"We passed a development agreement with an unnamed anchor retailer," Hammon said. "This is the first time we've had something in front of the council that has teeth in it."


more...

 

[al.com]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 


 

 

 

 

 

 

 

 


 

 

 

Innovation vital to U.S. economy, R&D researcher says
By Martin Swant | mswant@al.com 
on March 12, 2013 

HUNTSVILLE, Alabama -- A decline in research and development funding as a result of federal budget cuts could stunt the United States' economic growth and innovation, according to a lead researcher at Battelle.  

Global R&D spending as a percentage of GDP

Martin Grueber, a research leader at the Ohio-based global research and development organization, told North Alabama business and government officials that R&D is a part of the nation's economic offense. Grueber was the keynote speaker for the North Alabama International Trade Association's 2013 luncheon meeting at the Westin Huntsville.
 

"I basically could not fathom that our Congress would let sequestration go into effect," he said. "Based on everything we did in our survey and such, we just didn't see that this coming about. For a variety of reasons, it's a shame from a research and development perspective."

 

more...

 

[al.com]


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 


 

 

 

 

 

 

 

 


 

 

 

UAB School of Medicine ranked 10th in nation for primary care in U.S. News annual survey
By Mike Oliver | moliver@al.com 
on March 12, 2013
 

The UAB School of Medicine ranked 10th in primary care out of 114 accredited institutions  nationwide, according to the latest annual survey results by U.S. News and World Report.

 

UAB's medical school was 35th of 114 for research.

 

For primary care, UAB ranked ahead of such prestigious institutions as Harvard University (14th) and the Mayo Medical School (19th).

 

The University of North Carolina-Chapel Hill was the top performer for primary care. Harvard topped the list for research.

 

The rankings were based on a number of indicators gleaned through surveys, including faculty-to-student ratio, peer assessment and grades and test scores.


more...

 

[al.com]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 


 

 

 

 

 

 

 

 


 

 

PNC begins its second year of doing business in Alabama with positive outlook
By Alex Walsh | awalsh@al.com 
on March 12, 2013

BIRMINGHAM, Alabama -- Thirteen months ago, PNC Bank did not officially operate in Alabama.

But it was about to start. Pittsburgh-based PNC Financial Services had then recently agreed to acquire RBC Bank, the U.S. retail banking unit of the Royal Bank of Canada, for more than $3.6 billion. And that purchase included more than 70 bank branches across Alabama

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Those RBC branches became PNC branches on Mar. 5, 2012 - which means the bank is now just beginning its second year of business in the Yellowhammer State. Over those first 12 months, the bank met all its year one goals and then some, said PNC Regional President Jim Hansen, whose office is located in downtown Birmingham.

 

Going forward, the priority is not on winning business quickly, Hansen said, but rather putting in place the pieces that will allow it to sustain growth over a five-plus-year period. When asked if he would like to wake up tomorrow and have PNC be Alabama's number one bank by deposit share, for example, Hansen demurred.

 

more...

 

[al.com]



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 


 

 

 

 

 

 

 

 


 

 

Wells Fargo plans to lend more than $50 billion to women-owned businesses by end of the decade.

Antrenise Cole

Reporter-Birmingham Business Journal

Mar 12, 2013

 

Wells Fargo said Friday that it plans to lend a total of $55 billion to women-owned businesses in the U.S. by 2020.

 

San Francisco-based Wells Fargo, which is the nation's No. 1 small business lender, has provided more than $38 billion in capital to women business owners since making its first lending commitment 18 years ago.

 

"Women-owned businesses are among America's fastest growing segments, and we are honored to support their role in shaping the future of small business," said Lisa Stevens, Wells Fargo lead executive for Small Business and West Coast Regional Banking president. "As a leader in lending to women, Wells Fargo is dedicated to helping women succeed financially - in business and personally."

 

more...

 

[Birmingham Business Journal

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 


 

 

 

 

 

 

 

 


 

 

Alabama Power, Birmingham Mayor William Bell announce events to commemorate 1963
By Stan Diel | sdiel@al.com 
on March 12, 2013

BIRMINGHAM, Alabama - Alabama Power Co. this year will host or otherwise support about 20 events commemorating the 50th anniversary of the events of 1963, the company and Birmingham Mayor William Bell announced today.

 

In the coming months the power company and its foundation and service organization will release a documentary film titled "The Dream Lives On," republish A.G. Gaston's book "Green Power" and support multiple exhibits and events at the Birmingham Museum of Art.

 

Bell said the company has been proactive in its effort to commemorate the events of 1963, which were a catalyst for national change and prompted the passage of the Civil Rights Act of 1964.

 

"Alabama Power has stepped up in a big way," Bell said.

 
more...

[al.com]

 

 

 

 


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 


 

 

 

 

 

 

 

 


 

 

 

Troy University Seeks New Director of the Center for International Business and Economic Development

 

This position will be responsible for leading the economic development efforts of the Troy University Center for International Business and Economic Development (CIBED). This includes direct oversight of CIBED staff to coordinate and manage outreach and research projects as well as provide support to the Dean. The position requires frequent interaction with local economic developers, business leaders, elected officials, and government agency personnel is expected in order to effectively market and deliver CIBED services. Specific technical assistance skills are required in one or more of the following areas: retail studies, community socio-economic assessments, wage and salary analysis, application of geographic information systems, business retention, and expansion analysis, economic impact analysis, and/or strategic planning assistance. Additional responsibilities include participation in developing grants and contracts and teaching in economic development professional education programs. Duties also include coordination of international economic development activities. The position will be primarily based on the Montgomery Campus, with occasional travel to other CIBED office locations in Troy, Phenix City, and Dothan.

 

Minimum Qualifications: Bachelor's Degree and 5+ years professional experience in economic development or related field

 

Preferred Qualifications: Graduate Degree in Business or related field

 

Interested candidates can apply online at:

 

https://www.troyuniversityjobs.com/applicants/jsp/shared/position/JobDetails_css.jsp?postingId=142496

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 


 

 

 

 

 

 

 




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