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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:
University of South Alabama kicking commercialization efforts into overdrive - and getting results
CNN Money ranks Pelham in Top 50 best small towns in America for 2013
Revitalizing a town
10 states where manufacturing still matters
Alabama economic developers, educators team for new workforce development strategies

 


University of South Alabama kicking commercialization efforts into overdrive - and getting results 

on August 11, 2013

 

MOBILE, Alabama - Innovation is more than a buzz word found in glossy brochures for the University of South Alabama's Technology and Research Park.

 

It's the world-class research being conducted in unassuming labs campuswide that have consistently ranked the Mobile institution among Forbes' top 20 research schools - out of about 4,000 nationwide - for its rate of return on licensed developments.

 

And with the national economic downturn slowly releasing its near death-grip on federal research funding and the proliferation of angel investment networks, USA's vice president for research and economic development said the time is now to leverage the school's collaborative philosophy and become the catalyst the Port City's economy needs to cement its place on the world stage.

 

"Mobile has been incredibly successful bringing in industry," said Lynne Chronister, pointing to such successes as Austal USA, ThyssenKrupp and Airbus.

 

more...

 

[al.com]

 

 

 

 


CNN Money ranks Pelham in Top 50 best small towns in America for 2013

on August 12, 2013 

PELHAM, Alabama -- Pelham earned a spot as the only Alabama city listed in CNN Money Magazine's list of Top 50 best small towns in America released this morning.

The news organization ranked Pelham at 47th and noted economic strengths for the city that has a population of 22,297.

 

"This Birmingham suburb is a town on the rise. With new residents attracted by its steady job growth and low property taxes, Pelham's population has more than doubled over the past 20 years. The local unemployment rate, at 4.5%, is one of the lowest on the list," according to CNN Money.

 

"Tucked up against Oak Mountain State Park, Alabama's largest, where visitors can bike, fish, go boating, and more, the area offers no shortage of outdoor adventure," it added.

 

more...

 

[al.com]

 

 

 

 


Revitalizing a town 

By Ashley Chaffin
Staff Writer
Published:  August 12, 2013 

GREENSBORO | A friendship between two people, who unknowingly shared the same ZIP code in San Francisco and now live more than 1,000 miles apart in Alabama and Maine, is helping revitalize Greensboro.

 

The result of the partnership between John Bielenberg, founder of Project M, and Pam Dorr, executive director of the Hale Empowerment and Revitalization Organization, has been projects and businesses that seek to spur economic development in a creative way.

 

"Pie Lab is one business that's really trying to revitalize (the area) and (HERO)bike is another," Dorr said. "We're trying to get some economic development going. What we'd like to do eventually is get kids to stay here when they finish school and not leave."

 

The Project M venture Pie Lab began as a pop-up pie shop in 2009. Today, it is an award-winning restaurant on Main Street in Greensboro.

 

more...

 

[Tuscaloosa News]

 

 

 

 


 

10 states where manufacturing still matters

Alexander E.M. Hess, Michael B. Sauter and Thomas C. Frohlich , 24/7 Wall St.

August 10, 2013

 

In July, America's manufacturing sector grew for the second month in a row. This improvement is in line with longer-term trends, according to the Institute for Supply Management. While some experts are predicting a revival, manufacturing has lagged the economy for years. The country has lost nearly 2.5 million manufacturing jobs in the past 10 years.

 

Last year, the manufacturing sector was responsible for 12% of the nation's total economic output. In Indiana, the state where manufacturing contributes most, the figure was 28.2%. 24/7 Wall St. reviewed the 10 states where manufacturing represented the largest total share of the state economy.

 

The states with the biggest manufacturing economies specialize in different industries.

 
more...

 

 


Alabama economic developers, educators team for new workforce development strategies 

August 9, 2013

 

BIRMINGHAM, Alabama - Top Alabama education officials and economic developers increasingly are on the same page when it comes to workforce development strategies, crafting initiatives that align classroom learning with critical workplace needs.

 

At a forum sponsored by the Birmingham Business Alliance, Alabama Secretary of Commerce Greg Canfield and high-ranking state education officials described how the blossoming partnership between developers and educators is paying off and outlined how it can be expanded in the future.

 

"You really can't afford to separate economic development and education," Canfield said at the event.

 

Canfield said collaboration between the state's economic development and education communities is a cornerstone of Accelerate Alabama, the strategic economic development growth plan adopted by Gov. Robert Bentley. He said the new level of cooperation on workforce development initiatives is giving Alabama an advantage over other states.

 
more...




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