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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:
New plant for Shoals
Mobile Airport Authority launches preliminary talks to develop portions of Brookley Aeroplex
Shelby County approves Summer Classics loan for Pelham's Moore-Handley site
Huntsville chamber to kick off Small Business Week with 'I Shop Local' campaign
Q3 2013 Alabama Business Confidence Index Survey Open through June 15

 


New plant for Shoals

By Mike Goens Managing Editor

June 11, 2013

 

MUSCLE SHOALS - A Japanese company announced plans Monday to build its first American manufacturing plant in Muscle Shoals.

 

CBC Group will supply parts for North American Lighting, an automobile light operation that opened locally in 2006.

 

The company, which will do business as CBC America, will build a $24 million plant adjacent to North American Lighting in Shoals Research Airpark. The plant will be on 11 acres in the Airpark at Northwest Alabama Regional Airport.

 

North American Lighting produces car lights for several automakers, including Toyota and Nissan. CBC America is expected to focus on injection molding products for North American Lighting. Officials said contracts with other customers also could be filled at the Muscle Shoals plant.

 

"We're fortunate a company of this caliber has decided to locate here," Muscle Shoals Mayor David Bradford said. "Having them here is good for the entire Shoals area."

 

more...

 

[Florence Daily Times



 


Mobile Airport Authority launches preliminary talks to develop portions of Brookley Aeroplex
By Kelli Dugan | kdugan@al.com 
on June 10, 2013

MOBILE, Alabama - The Mobile Airport Authority has launched preliminary negotiations with two partner firms eager to develop as many as 215 acres at Brookley Aeroplex.

 

The authority recently issued a request for qualifications regarding the development of portions of Brookley's nearly 1,700 acres and named The Cordish Cos. the victor. Baltimore-based Cordish has included Mobile-based JMG Realty as part of its development team.

 

Brookley, a former U.S. Air Force base that has repositioned itself as a premier Gulf Coast industrial center, now houses aerospace, transportation, manufacturing and warehouse related companies and boasts about 3.6 million square feet of commercial space. Toulouse, France-based Airbus broke ground at Brookley April 8 on a $600 million final assembly plant expected to begin delivering Mobile-assembled A320 aircraft by 2016 and employ 1,000 directly by 2018.

 

 more...

 

[al.com]



 


Shelby County approves Summer Classics loan for Pelham's Moore-Handley site
By Martin J. Reed | mreed@al.com 
on June 10, 2013

COLUMBIANA, Alabama -- The Shelby County Commission this morning supported a $1 million loan to outdoor furniture retailer Summer Classics for the business to redevelop the former Moore-Handley property in Pelham and occupy the space.

 

Commissioners at their regular monthly meeting this morning held a public hearing on the matter before voting to approve a resolution that outlines a partnership between the county, the City of Pelham and the Shelby County Economic and Industrial Development Authority.

 

The county's share of the funding has been approved under line items in the last two budgets using lodging tax and economic development funds, Shelby County Manager Alex Dudchock said.


more...


 


Huntsville chamber to kick off Small Business Week with 'I Shop Local' campaign
By Lucy Berry | lberry@al.com 
on June 11, 2013

HUNTSVILLE, Alabama - "I Shop Local" buttons will be distributed Wednesday in support of area merchants during the Chamber of Commerce of Huntsville/Madison County's kick off of National Small Business Week. 

 

The "I Shop Local" campaign was started to encourage local residents to spend dollars in Huntsville and Madison County, further creating and retaining jobs and generating more tax revenue for the city and county.

 

Each year, small businesses employ more than half of the U.S. workforce and account for two of three new jobs, according to the Small Business Administration.



more...


 


Q3 2013 Alabama Business Confidence Index Survey Open through June 15

 

The Center for Business and Economic Research (CBER) at The University of Alabama invites the state's business executives to take the Q3 2013 Alabama Business Confidence Index™ (ABCI) survey.  Participation from a wide range of businesses in terms of location, industry, and size contributes to a broad-based assessment of business prospects for the third quarter.  This is the 47th consecutive ABCI survey.

 

The Q3 2013 ABCI survey is currently open and closes on June 15.  Business executives can take the six-question online survey at http://cber.cba.ua.edu/abci.  New panelists are always welcome!

 

ABCI results newsletters for the state and the Birmingham-Hoover, Huntsville, Mobile, and Montgomery metros are available at http://cber.cba.ua.edu/abci/results.html.  







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Enjoy the day, 

Val Walton
   
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