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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:
Free advice: Birmingham weekend economic development conference bringing dozens of experts
ZF Industries gets $1.2M tax abatement
Altec Industries of Birmingham awarded $178 million contract to procure vehicles for military
Birmingham business leaders OK with Blueprint progress

 


 

 

 

Free advice: Birmingham weekend economic development conference bringing dozens of experts
By Joseph D. Bryant | jbryant@al.com 
on April 25, 2013 

BIRMINGHAM, Alabama -- The Birmingham City Council's annual neighborhood and small business development summit begins Friday, featuring dozens of speakers and work sessions.

 

The free event is at the Birmingham Jefferson Civic Complex, east exhibition halls two and three. The event is 6 to 9 p.m. Friday evening and 9 a.m. to 1 p.m. Saturday. No registration is required and doors open an hour early both days.

 

"In order to stimulate the local economy we must provide valuable resources and economic development opportunities," said Councilwoman Lashunda Scales, chairwoman of the Economic Development Committee and conference coordinator. "As the leadership of the largest city in the state of Alabama, it is our responsibility to empower entrepreneurs."

 

"In order to stimulate the local economy we must provide valuable resources and economic development opportunities,"said Councilwoman Lashunda Scales.

Goals for this year's conference include stimulating local business growth through partnership opportunities, growing new businesses and encouraging business retention and expansion.


more...

 

[al.com]


 

 


 

ZF Industries gets $1.2M tax abatement
By Patrick Rupinski
Business Editor
 April 26, 2013

TUSCALOOSA | ZF Industries, the first automotive supplier to build a manufacturing plant in Tuscaloosa to serve Mercedes back in the mid-1990s, was granted a $1.2 million tax abatement Thursday for its third plant expansion here.

 

ZF is in the process of enlarging its plant on Commerce Drive in the Airport Industrial Park so it can build chassis for Mercedes' next generation of C-Class sedans.

 

The C-Class sedans are being added to the production at Mercedes-Benz U.S. International in Vance. MBUSI will start training workers in the sedan production later this year and will begin making C-Class vehicles for sale next year.

 

The new ZF Industries addition will add 45,000 square feet of production area to its 157,000-square-foot plant. An 80,000-square-foot warehouse also is being built to the rear of the plant. The project represents an investment of $17.8 million and when completed will result in ZF adding 93 jobs - 75 of which will involve chassis assembly, said ZF's Michael Wolf.



more...

 


 

 


 

 

Altec Industries of Birmingham awarded $178 million contract to procure vehicles for military
By Leada Gore | lgore@al.com 
on April 25, 2013 
 

Altec Industries Inc. of Birmingham was awarded a $178 million contract to procure commercial trucks and trailers for the Army, Navy, Air Force, Marine Corps and federal civilian agencies.

 

The fixed-price with contract includes an economic-price-adjustment contract and will run through April 2017. The contract was awarded by Defense Logistics Agency Troop Support in Philadelphia.

 

Boeing received a $19 million contract modification for work on a previously awarded contract for procurement of Apache Block III AH-64D helicopters and support for the Army. The contract is for Foreign Military Sales effort to Taiwan. The total contract value is $624 million.

 

more...

 

[al.com]


 


 


 


 

 


 

 

Birmingham business leaders OK with Blueprint progress
Yann Ranaivo
Reporter-Birmingham Business Journal
April 26, 2013

Several top business leaders in Birmingham continue to praise a strategic growth plan developed three years ago to help shape the region's economy.

 

Birmingham Business Alliance officials released the latest data last week to support Blueprint Birmingham, a multi-year strategic outline that was drafted in 2010 to guide the region toward growth in specific sectors to move Birmingham forward.

 

Data revealed at the Blueprint Birmingham Summit last week were strong, showing triple the growth in new jobs to the area and four times the amount of capital invested over the previous year.


 more...

 

[Birmingham Business Journal]

 


 


 


 




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