EDPA NewsFlash

 

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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:
SKF USA's new $4 million Moody facility: By the numbers
Climbing the Family Tree: Alabama's automotive industry to be discussed at July 18 ArchiTreats event
HD Supply opens Alabama distribution center, creates 50 jobs
Fort Payne electrical components plant marking 25 years at facility
Governor: Impressed with Commercial Jet, ACOM
Luxury demand strong: Mercedes-Benz sets global sales record in first half of 2013
Mobile Airport Authority promotes aviation director Thomas Hughes to second-in-command
UAB Entrepreneurs Connect Alumni Online
Three University of Alabama start-ups to compete for $100,000 prize

 


SKF USA's new $4 million Moody facility: By the numbers 

on July 09, 2013 

 

MOODY, Alabama -- The city of Moody on Monday night agreed to abate $117,765 in sales and property tax over 10 years as SKF USA Inc. builds a $4 million, 31,200-square-foot facility.

 

The company is making a $1.56 million capital investment and will create 18 new jobs with an annual payroll of $1.1 million, according to documents provided by Don Smith, executive director of the St. Clair County Economic Development Committee.

 

Here's a look at the project by the numbers:

  • Sales tax abated over 10 years: $77,900
  • Property tax abated over 10 years: $39,865
  • Moody's portion of property tax: $10,222
 

 more...

 

[al.com]

 

 


Climbing the Family Tree: Alabama's automotive industry to be discussed at July 18 ArchiTreats event


on July 08, 2013 

 

ArchiTreats: Food for Thought continues with another interesting and informative talk on Alabama history at the Alabama Department of Archives and History. Join others at noon on July 18 as Bill Taylor and Archie Craft lead a panel discussion titled, "Cars Fell on Alabama: The Automotive Industry Comes to Alabama."

 

2013 marks the 20th anniversary of Mercedes-Benz U.S. International, Inc. (MBUSI)'s decision to locate an assembly plant in Alabama. The arrival of MBUSI ignited the car industry in our state and two decades later Alabama has emerged as one of the nation's leading car manufacturers. What impact has the industry had on our economy and what role will it play in the future? How does MBUSI view its original decision to call Alabama home? Learn more at this lecture.

 

Following a successful career in the automotive industry that spanned 38 years, Bill Taylor now serves as the President of the Economic Development Partnership of Alabama (EDPA). Prior to joining EDPA in 2009, Taylor was President and CEO of Mercedes-Benz International, Inc. A native of London, Ontario, Taylor came to Alabama when MBUSI located in the state in 1993. He was a key figure in the start-up of the new plant and oversaw numerous expansions during his tenure.

 

more...

 

[al.com]

 

 

 

 


HD Supply opens Alabama distribution center, creates 50 jobs 

on July 08, 2013 

 

BIRMINGHAM, Alabama - San Diego-based HD Supply Facilities Maintenance, a national distributor of maintenance and repair products, has opened its first Alabama operation at Shelby Commerce Park in Calera. 

 

The 350,000 square-foot distribution center has 50 employees with plans to add more as it boosts its presence here.

 

The new warehouse is the 43rd in the HD Supply's North American operations.

 

"We are excited to open our Birmingham-area distribution center, an important addition to our network of (distribution centers) throughout the United States and Canada," Anesa Chaibi, chief executive of HD Supply Facilities Maintenance, said in a statement. "This new distribution center allows us to continue to improve our local support for customers in the Southeast, including Alabama, Tennessee, Mississippi, Louisiana and the Florida Panhandle." 

 

more...

 

[al.com]

 


Fort Payne electrical components plant marking 25 years at facility

on July 08, 2013 

 

FORT PAYNE, Alabama - A Fort Payne plant that underwent a multi-million renovation from 2008 to 2010 to bring its automated manufacturing processes up to date is commemorating its 25th year in business at its facility in DeKalb County.

 

Siemens Energy Services, which opened a plant in Fort Payne in February 1988, currently employs 275 workers - a large portion of which have worked with the company the last 25 years. During the two-year period when Siemens spent $12 million upgrading its facility, the leading electrical components plant got new machinery to replace former hand processes and cut the number of manufacturing hours.

 

"Siemens is a very technologically-advanced company," said plant manager John Ustica. "We knew we needed to look at improving our product quality and cost. It was quite a manual environment in the past."

 

About half of the electrical parts - including stator coils, rotor coils and gaskets - manufactured at Siemens in Fort Payne are sent to Charlotte, N.C., to produce new equipment, while the remaining components are delivered directly to customers.

 

more...

[al.com]

 

 


 

Governor: Impressed with Commercial Jet, ACOM

By Lance Griffin

July 8, 2013

 

Alabama's governor said Monday that the one-two economic punch provided by the arrival of Commercial Jet and the upcoming launch of the Alabama College of Osteopathic Medicine put Dothan in a solid position to take advantage of a rebounding economy.

 

Following a morning tour of Commercial Jet's new Dothan facility, Gov. Robert Bentley told the Dothan Rotary Club success breeds success.

 

The State of Alabama and City of Dothan combined to offer about $12 million in economic incentives to help lure Commercial Jet to Dothan. The facility has already hired 100 workers and will deliver its first converted aircraft to a European client on Tuesday. The state also provided funds to assist with the construction of the main entrance to the new medical school off Highway 84 East.

 

more...

 

[Dothan Eagle]

 


 

Luxury demand strong: Mercedes-Benz sets global sales record in first half of 2013 

By Dawn Kent Azok | dkent@al.com 

on July 08, 2013

Mercedes-Benz set a global sales record during the first sixth months of this year, selling 694,433 vehicles, a 6.4 percent improvement over the first half of 2012.

The SUVs built at the German automaker's Tuscaloosa County plant helped set that pace. Overall SUV sales were up 21.4 percent, to more than 156,000 sold.

The Alabama-made M-Class represented nearly 40 percent of that total. Meanwhile, the GL-Class SUV, also built in Alabama, saw its first-half sales rise 35 percent.

 

more...

 

[al.com]

 

 

 


 

Mobile Airport Authority promotes aviation director Thomas Hughes to second-in-command
on July 08, 2013 
 

MOBILE, Alabama - The Mobile Airport Authority has promoted its aviation director to the new position of deputy executive director, granting him direct responsibility for planning the development of both Mobile Regional Airportand Brookley Aeroplex properties.

 

Thomas G. Hughes, a 20-year veteran of the authority, will also oversee operations at both Mobile Regional and Brookley, evaluate and improve airport operations and monitor the work of contractors on construction projects.

 

"Our customers, tenants and employees are critical to our success, and I am excited to work with each as we witness the Mobile coastal community evolve into a world-class aviation and aerospace center," said Hughes, who will report directly to authority director Roger Wehner.


more...

 

 


UAB Entrepreneurs Connect Alumni Online

By Tara Hulen

June 2013

 For UAB School of Businessassociate professor Molly Wasko, Ph.D., LinkedIn is more than a social media site for professionals. She views it as a rich source of data for her research into the development of online communities-and a business opportunity that could benefit universities, their students, and their alumni.

 

The result is inDegree, an alumni tracking service that helps universities find and connect with graduates and collect a range of useful information from LinkedIn profiles. InDegree won the grand prize of $100,000 in seed money in the 2012 Alabama Launchpad business plan competition, a program of the Economic Development Partnership of Alabama Foundation.

 

Wasko, chair of UAB's Department of Management, Information Systems, and Quantitative Methods, started inDegree with Alex Miningham, one of her M.B.A. students at Florida State University, where she taught prior to UAB. The two had worked on a similar idea after Wasko started using her own LinkedIn profile as a sort of research project. Soon, an unmet need became obvious. "I noticed that everybody (at the university) was coming to me to find out about alumni networks," Wasko says. "I noticed it was a very powerful tool for staying connected to our alumni and helping our current students network with the alumni who came before them."


more...

 

[UAB Magazine]

 

 


Three University of Alabama start-ups to compete for $100,000 prize

on July 08, 2013 

TUSCALOOSA, Alabama - Three University of Alabama start-up companies will pitch their products July 12 for the chance to win $100,000 in the 2013 Alabama Launchpad Start-Up Competition. 

 

The competition, organized by the Economic Development Partnership of Alabama, offers fledgling entrepreneurs the chance to win cash prizes along with assistance from experts. 

 

More than 25 teams began the competition, and a five-judge panel selected 10, including the three UA teams, to continue on in June. 

 

more...

 

[al.com]

 




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