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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:
Ardmore company seeks to expand
Northport City Council approves business incentive plan
Trinity wins fight over move to U.S. 280
REV Birmingham launches fundraising campaign

 




Ardmore company seeks to expand
By Bayne Hughes
The Decatur Daily
May 21, 2013

ATHENS - About a year after opening in Ardmore, Advanced Technical Avionics is expanding in the Dekko Industrial Park and looking for more sites for additional expansion.

 

One possible site for expansion is Decatur, near the Alabama Robotics Technology Park.

The $1.1 million capital investment in Ardmore will add 80 jobs and double its operation to roughly 45,000 square feet. The plant currently has 25 employees.

 

ATA specializes in custom cable and wire harness assemblies, custom box builds, and electromechanical assemblies for aerospace, the military and medical industries.

 

On Monday, the Limestone County Commission approved a one-time $26,000 state sales tax abatement and a $32,930 abatement of non-educational county property taxes. The property tax abatement is $3,293 a year for 10 years.


more...

 


Northport City Council approves business incentive plan
By Lydia Seabol Avant
Staff Writer
Published: Tuesday, May 21, 2013 

The Northport City Council unanimously approved a development incentive policy Monday that city leaders say will help formalize the city's incentive process to attract new businesses.

 

It's the first citywide incentive policy for Northport, said City Administrator Scott Collins.

"We don't have one now; there is no official policy," he said.

 

According to the new policy, the city administrator is given the authority to negotiate with businesses regarding incentives on behalf of the City Council. When considering assistance for economic development, the city will consider the creation of new jobs, any incremental tax increase, what businesses or services are not available in the city, what new dollars will be created by the business and whether similar businesses already exist in the area, according to the policy.

 

 

[Tuscaloosa News]


 



Trinity wins fight over move to U.S. 280
By Stan Diel | sdiel@al.com 
on May 17, 2013

BIRMINGHAM, Alabama - The Alabama Supreme Court has declined to hear an appeal in the fight over Trinity Medical Center's plan to relocate, clearing the way for Trinity to move to the unfinished HealthSouth hospital building on U.S. 280.

 

The decision brings to an end a five-year fight before regulators and the courts in which Brookwood Medical Center and St. Vincent's Health System sought to block Trinity's move.

 

"We are delighted to have an unappealable decision from the Supreme Court," Trinity CEO Keith Granger said in an interview. "It's been a long and arduous course."

 

Once work begins it will take about two years to complete the hospital at a cost of about $280 million, Granger said.


more...

 



REV Birmingham launches fundraising campaign
By Stan Diel | sdiel@al.com 
on May 20, 2013

BIRMINGHAM, Alabama - REV Birmingham, an economic development organization for the city center and surrounding neighborhoods, has initiated a fundraising campaign with a $1 million goal.

 

The two-year campaign is meant to finance an expansion of the organization's staff and improve programs that aim to make the city more vibrant.

 

"We're inviting corporate partners, small business clients and individuals who feel personally invested in the future of our city to invest in our efforts to improve it," the organization said in a prepared statement.

 

Regions Bank is the first contributor to campaign.


more...

[al.com]




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