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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:
Royal Cup plans $30 million expansion, 40 new jobs
BASF receives tax breaks for Evonik co-location project in Theodore.
Governor touts economic recovery
For Immediate Release:Samford's Brock School of Business hosts procurement seminars for Birmingham-area small business leaders


Royal Cup plans $30 million expansion, 40 new jobs

BIRMINGHAM, Alabama -Royal Cup is investing $30 million to expand its Birmingham operations and add 40 jobs, the coffee and tea company announced today.


Last month, the family-owned Birmingham company purchased 16 acres and the 153,000-square-foot, former RockTenn industrial building at 3200 Pinson Valley Parkway, adjacent to Royal Cup's current existing operations.


After a renovation and expansion of the new property and the existing building, Royal Cup will add new equipment, additional production lines and other improvements along with 40 new jobs to boost all of its operations, with an emphasis on its tea production.






BASF receives tax breaks for Evonik co-location project in Theodore

on July 11, 2013 

THEODORE, Alabama - The Mobile County Industrial Development Authority approved tax abatements Thursday for a proposed $84.3 million chemical plant to be located within the Evonik Industries AG footprint in Theodore.


Chemical maker BASF Corp. said it will build the plant on three acres of land within the Evonik complex on Degussa Road, pending a lease agreement between the two companies. The venture received original abatement approval in January, but BASF Project Manager McKay Bahr told the board Thursday the "project is larger than we thought."


Specifically, the authority approved about $4.05 million in non-educational property tax abatements over the next 10 years and about $2.4 million in sales tax abatements in the first year for the Florham Park, N.J.-based company.













Governor touts economic recovery

By Tom Smith Senior Staff Writer

July 12, 2013


RED BAY - Robert Bentley was a practicing physician before becoming Alabama's governor three years ago. So, perhaps it was only fitting that he made a house call Thursday to Franklin County's westernmost town.


The trip was part of Bentley's Road to Economic Recovery Tour. The stop made him the first sitting governor in more than 20 years to visit Red Bay.


"The Road to Economic Recovery Tour is about seeing different areas of the state and seeing how people are doing," Bentley said, during a brief stop at the Red Bay City Hall. "I love to go to the cities and meet people. The people are who make these cities what they are."


Bentley also toured the Tiffin Motor Home plant, where Allegro motor homes are built. The operation is the town's largest employer and one of the largest in northwest Alabama, with more than 1,000 employees.




[Times Daily]







For Immediate Release:


Samford's Brock School of Business hosts procurement seminars for Birmingham-area small business leaders



Birmingham, Ala., -- Samford University's Brock School of Business partnered with the Birmingham Business Alliance earlier in the summer to offer an all-day seminar on Procurement.  The goal of the seminar was to help small businesses navigate the complexities of the procurement /supply chain process.    This seminar was in addition to one held in September 2012.   Both of these seminars were coordinated by the Brock School of Business' associate dean, Chad Carson, and were created as  an extension of the BBA's Entrepreneurs Round Table program.


"The Brock School of Business wants to be the go-to source for Birmingham's entrepreneurial community," said Carson. "These seminars are one way that we are strengthening our ties to local entrepreneurs and small business owners."


The Brock School of Business offers business a variety of networking and events opportunities throughout the year through its Samford Business Network events and other external events.  It also offers a well-rounded Executive Education program for businesses looking to train employees on a number of topics.



About the Brock School of Business:  


Samford University's Brock School of Business has a long history of achievements in business education. The university has offered degrees in business and commerce since 1922. In 1965, the School of Business was established to offer both bachelors and masters degrees in business. It was formally named the Brock School in 2007 for Birmingham banker and Samford trustee Harry B. Brock Jr., reflecting his long career in business and his commitment to high quality business and entrepreneurship education. The Brock School of Business holds AACSB Accreditation, the benchmark of quality worldwide and the most widely sought after standard of excellence by U.S. business schools.




Kara Kennedy

Director of External Affairs

(205) 726-4070 or (205) 370-1677 cell 





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