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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:
Governor Bentley's Economic Recovery Tour makes stop in Anniston
Opelika auto parts facility planning to expand, add more than 50 new jobs
A Return to Downtown Birmingham
Mobile town hall to focus on manufacturing revitalization, job creation
New Alabama-made Acura makes strong sales debut
City to consider investing in Forward Walker County plan
$12.5 million to aid city growth
Huntsville's Aegis Technologies awarded $8.9 million Navy contract

 


Governor Bentley's Economic Recovery Tour makes stop in Anniston

By Robert Richardson 

Aug. 6, 2013

 

ANNISTON - AL -Governor Robert Bentley identified entrepreneurship and innovation as key components in Alabama's ongoing economic development.  He is taking an Economic Recovery Tour around the state to meet with business owners to discuss their needs and success stories, and Tuesday he stopped in Anniston.

"One of the things I learned being a doctor is you can always make a diagnosis if you listen to the patient long enough.  And that's true of government, you have to listen to the people.  They have great ideas and we're taking those ideas and we're going to put them into practice," Bentley said.

 

His focus Tuesday was on small business incubators, which are office facilities that allow people to test their business ideas.  The governor met with several of the dozen businesses at the Greenbrier Entrepreneurial Center on Commerce Boulevard, which is part of the Northeast Alabama Entrepreneurial System.

 

 more...

 

[abc3340.com

 

 

 

 


Opelika auto parts facility planning to expand, add more than 50 new jobs

on August 07, 2013 

OPELIKA, Alabama -- Hanwha L&C Alabamaplans to expand their facility in the Northeast Opelika Industrial Park and add more than 50 employees, Mayor  Gary Fuller announced last night during the Opelika City Council Meeting.
 

Mayor Fuller said the company will be investing nearly $9 million in building and equipment as we as adding 54 new jobs over the next two years. This new capital investment will increase the company's total investment in Opelika to nearly $60 million.

 

Hanwha L & C Alabama began its operation in Opelika in 2005. Since then, the company has surpassed their initial commitment of 150 jobs. The addition of the new 54 jobs will bring Hanwha's employment level to 345.

 

The newly expanded facility will increase the company's current production capacity and improve its ability to create automotive parts used in the bumper's impact resistance core, transportation equipment, packaging for the electronics industry and building products. 

 
more...

[al.com]

 

 

 

 

 


 

A Return to Downtown Birmingham 

By Joe Gose

Published: August 6, 2013

 

Long scarred as the site of brutal civil rights struggles and decades of industrial collapse, downtown Birmingham, Ala., has struggled to attract new business or visitors, even from its own region.

 

But some recent efforts give the city a bit of hope.

The centrally located $25 millionRailroad Park, 19 acres with lakes, an amphitheater and lots of green space, opened three years ago and has become a symbol for reviving the downtown district. Not only do thousands of tourists visit the park, but former city residents are also venturing downtown again after years of suburban life.

 

As evidence of continued growth, Regions Field, an 8,500-seat minor-league baseball stadium, opened in April just south of Railroad Park, another downtown attraction for the city's roster. Other noteworthy projects include a heavily subsidized $70 million Westin Hotel and entertainment district in the city's convention area, and a $7 million renovation of the Lyric, a former vaudeville theater nearly 100 years old and barely used since 1958.

 

 

 


 

Mobile town hall to focus on manufacturing revitalization, job creation
on August 07, 2013 

MOBILE, Alabama - Job creation and economic prosperity via a renewed focus on Alabama's manufacturing base will be the topic of "Keep it Made in America" at the USS Alabama Battleship Memorial Park Wednesday night.

 

The town hall meeting, sponsored by the Alliance for American Manufacturing, will focus on domestic manufacturing's relationship to strengthening Alabama's economy while creating jobs. The free event is open to the public, includes dinner and begins at 7 p.m. in the park's Aircraft Pavilion. Organizers anticipate the conversation will focus on "national security and the U.S.'s dangerous dependence on foreign-made supplies."

 

Elected officials as well as business and labor leaders from the Mobile area have been invited to attend, and the conversation will be led by Scott Paul, the national alliance's president; Dan Flippo, director of the United Steelworkers ninth district; and Alabama Sen. Marc Keahey, D-Grove Hill.

 

more...

[al.com]

 

 


New Alabama-made Acura makes strong sales debut

on August 07, 2013

LINCOLN, Alabama -- The redesigned Acura MDX SUV,which Honda's Talladega County plant began building earlier this year, is off to a strong start in the U.S. market.

 

July was the first full month of sales for the 2014 model, which began hitting dealer lots in late June.

 

Last month, sales of the new SUV totaled 5,551, up 29.5 percent from July 2012, according to a report issued last week by the automaker. Acura is Honda's luxury division, and the MDX is the first of the brand to be assembled in Alabama.

 

more...

 

[al.com]

 


 

City to consider investing in Forward Walker County plan
by Ron Harris
August 7, 2013

Jasper City Council members heard a brief presentation Tuesday morning from Fred Mickelson, a consultant with Funding Solutions who's working with the Chamber of Commerce of Walker County, on Forward Walker County, a five-year economic growth program developed for the chamber.

Linda Lewis, president of the Chamber of Commerce of Walker County, joined Mickelson in asking the city to invest in the program, which has four basic initiatives - retail and commercial growth, workforce readiness and education, tourism and image, and leadership and community engagement.

If the council chooses to do so, the city's investment would be for $50,000 a year for five years, for a total investment of $250,000.

Mickelson said the Walker County Commission has already voted to invest in the program, along with the cities of Sumiton, Dora, Parrish, Cordova and Carbon Hill. In all, the program has approximately 50 investors so far.


more...

 


$12.5 million to aid city growth

By Carly Omenhiser comenhiser@southeastsun.com
August 6, 2013

 

 

After restructuring bonds from 2002 and 2004, the city of Enterprise will receive a one-time disbursement of $12.5 million.

 

The refinancing allowed the city to be able to make the same payments on the bonds with a lower 4.6 percent interest rate.

 

"By doing that, it will allow us to take advantage of favorable conditions from a construction standpoint," said Enterprise Mayor Kenneth Boswell.

 

Several plans are being discussed on the use of those funds, but Boswell said more than half of it will be set aside for economic development projects.

 

 

more...

 

[Southeast Sun]

 

 

 


 

Huntsville's Aegis Technologies awarded $8.9 million Navy contract

on August 06, 2013 
 

Aegis Technologies Group of Huntsville has been awarded an $8.9 million Navy contract for the fielding and sustainment of moving target simulators for program manager training systems.

 

The work will be performed at Cherry Point Marine Corps Air Station in North Carolina and Camp Pendleton, Calif.

 

[al.com]

 

 




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