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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:
Alabama State Port Authority to expand, build new $36 million steel terminal (updated)
Bentley touts $372 million in road, bridge projects, including Calera's I-65 overpass widening
Skilled labor tops list of employers' needs
How many cars have Alabama automakers built this year? (photos)
Southern Research Institute to develop ways to treat water used in fracking
Samford business students outscore peers worldwide on Bloomberg Aptitude Test
Nutripilot blasts off after Alabama Launchpad

 


Alabama State Port Authority to expand, build new $36 million steel terminal (updated) 

on July 24, 2013 

 

MOBILE, Alabama -- A new $36 million steel terminal will be constructed on the north side of the port, officials with the Alabama State Port Authority said early Wednesday, which will expand the port's ability to handle steel coil at the main docks complex.

 

The port has partnered with Alabama Steel Terminals, who will operate and manage the terminal that will be placed on a 40-foot deep channel behind the port's Pier D2 berth.

 

The project which will be built in two phases is expected to create as many as 50 permanent jobs with an annual payroll of $2 million.

 

A larger facility would broaden the port's ability to move more of the steel coils that come into and leave the port.

"Today it's all done manually and this facility will allow us to automate some of it," said James K. Lyons, director and chief executive of the Port Authority.

 

more...

[al.com]

 

 


Bentley touts $372 million in road, bridge projects, including Calera's I-65 overpass widening

on July 24, 2013 

 

CALERA, Alabama -- Gov. Robert Bentley this morning announced $372 million in the final round of funding through the state's massive road and bridge improvement program, making an emphasis on approved funding for the needed Interstate 65 overpass widening project in Calera.

 

Standing at the Burton Campers business in Calera with Highway 31's interstate overpass in the background, Bentley said the $1 billion Alabama Transportation Rehabilitation and Improvement Program focuses on jobs and roads.

 

"Many of them are crumbling and they need repair," Bentley said, noting the Calera project in the background. "It's just too narrow to handle rush hour traffic. ... It creates a major bottleneck on Highway 31."

 

more...

 

[al.com]

 

 

 


 

Skilled labor tops list of employers' needs

By Tom Smith 

Senior Staff Writer

July 25, 2013

 

Adam Patterson said when he graduated high school he had a long talk with his father about his future.

 

"Some people have college degrees and can't get a job in their field," Patterson, 19, said. "My dad is an electrician with TVA, and I talked with him about going into some kind of trade.

 

"I decided on the maintenance field because it covers such a wide range of things - from electrical to welding to mechanics."

 

Patterson is enrolled at Northwest-Shoals Community College and is scheduled to graduate next summer.

 

"This is a growing field, something I can grow with," Patterson said.

 

more...

 


How many cars have Alabama automakers built this year? (photos)

on July 24, 2013 

 

Alabama's auto production is holding steady at the midpoint of 2013, with the state's three auto assembly plants producing more than 463,000 vehicles combined in the first six months of the year.

 

That's just 1 percent higher than the first half of 2012, which turned out to be a record output year for the industry. 

According to estimates from trade journal Automotive News' Data Center, the three plants turned out 463,617 vehicles from January to June, compared to 457,944 during the same time period last year.

 

See our photo gallery of individual models, their production volume and growth or decline from last year. 

 

Hyundai was the only plant to increase its output, which was up 19 percent combined for the two cars made on its Montgomery assembly lines. Hyundai releases its production data each month, and the Automotive News estimates match those numbers.

 

more...

[al.com]

 

 

 


Southern Research Institute to develop ways to treat water used in fracking

on July 24, 2013

 

BIRMINGHAM, Alabama -Southern Research Institute has been awarded a $1.8 million grant to find ways to lower the amount of pollutants in waste water from fracking, the institute announced.

 

Under a contract with theResearch Partnership to Secure Energy for Americathe Birmingham-based institute will develop technology to advance the way shale gas hydraulic fracturing water is treated.

 

The "fracking" drilling method uses chemically-treated water and sand, pumped into wells under high pressure, to fracture shale and release trapped gas. The method has been credited with helping the U.S. lower its dependence on foreign energy sources, but has faced criticism over pollutants in the waste water it creates.

 

more...

 

[al.com]

 


Samford business students outscore peers worldwide on Bloomberg Aptitude Test

on July 24, 2013

 

BIRMINGHAM, Alabama -- Students at Samford University's Brock School of Business have outscored students worldwide on the Bloomberg Aptitude Test designed to measure business and market knowledge.

 

Compared to the hundred thousand students at other universities who took the test offered by the Bloomberg Institute, Samford students outscored their peers by 13 percentage points when all test categories were averaged, the university announced today.

 

"We're pleased with these results," said Howard Finch, dean of the Brock School of Business. "Our students demonstrated a level of performance that speaks volumes to the quality of business education they are receiving in the classroom.

 

The two-hour elective test measures students' knowledge in eight areas: math, analytical reasoning, analysis of charts and graphs, news analysis, economics, global markets, analysis of financial statements, and investment banking.

 

more...

 

[al.com]

 


Nutripilot blasts off after Alabama Launchpad

Yann Ranaivo

Reporter-Birmingham Business Journal

July 24, 2013

 

A firm that won $38,000 from this year's first Alabama Launchpad round officially launched its business Friday.

 

Melanie Rubery, a registered dietitian who founded Nutripilot, told me her startup, which she runs from her home in Vestavia Hills, provides a web portal that allows users to look up the nutritional profiles of thousands foods and restaurant menu choices. She said her service is geared toward people trying to avert chronic diseases or maintain healthier lifestyles.

 

The winning teams in each Launchpad round use their share of the $100,000 in prize money to help make their businesses more attractive to investors.

 

Half of Nutripilot's Launchpad funds went toward product development, while the other half has been committed to marketing, Rubery said.

 

more...

 

[Birmingham Business Journal]

 

 




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