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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:
Gov. Robert Bentley has awarded a $230,099 grant that will enable a Crenshaw County manufacturer to expand and create at least 75 new jobs
Kennametal Tricon plans $2.5 million expansion of Irondale facility
Kaiser adds 50+ employees, looks to hire more
Huntsville's Drake State, Aerojet Rocketdyne establish new scholarship
Dale County rolling out new curriculum model
Helena in CNN Money Magazine's Top 25 places with affordable homes
Birmingham's start-up culture: Meet a two-person company that serves 18 countries

 


 

Gov. Robert Bentley has awarded a $230,099 grant that will enable a Crenshaw County manufacturer to expand and create at least 75 new jobs.

August 12, 2013

 

Bentley's award to the Crenshaw County Commission will provide infrastructure improvements necessary for Dongwon Autopart Technology Alabama to construct a 90,000-square-foot addition to its plant near Highland Home. The company manufactures doorframes, roof moldings and side impact beams for Hyundai Alabama and General Motors.

 

The expansion will permit the company to manufacture additional components required to assemble Hyundai'sSonata and Elantra vehicles.

 

"New jobs mean greater opportunities for the residents of Crenshaw and surrounding counties," Bentley said. "This expansion by Dongwon and the continued growth of the automobile industry in Alabama are encouraging signs of an improving economy."

 

more...

 

[WTVY.com]

 

 

 

 

 


Kennametal Tricon plans $2.5 million expansion of Irondale facility

on August 12, 2013

IRONDALE, Alabama -- Kennametal, Inc. is planning a $2.5 million to $3 million expansion of its Kennametal Tricon facility in Irondale.

 

The expansion will also bring up to seven new jobs to the facility Kennametal acquired in 2008. The facility, at 2700 5th Ave. S., has been in Irondale since the 1960s.

 

It is not clear when the project will be complete, said Christina Sutter, Corporate Communication Manager for the Pennsylvania-based Kennametal.

 

The Irondale City Council last week approved a resolution abating taxes on equipment being purchased as part of the project.

 

more...

 

[al.com]

 

 

 


 

Kaiser adds 50+ employees, looks to hire more
Reporter-Birmingham Business Journal
August 12, 2013

After buying the assets of Alabama Aircraft Industries Inc. in 2011, Kaiser Aircraft Industries Inc. has more than doubled its employee count and is planning to hire another 10 to 15.

The aircraft parts manufacturer, a subsidiary of Birmingham-based Kaiser Group Holdings Inc. (OTC US: KGHI), has already hired more than 50 people this year, giving it a total count of about 115, said Vice President of Finance and Controller Jeff Smith.

 

At an average of roughly $45,000 a year per employee, that's a total annual payroll increase of more than $2.25 million for the company, which is located in 1.2 million square feet at Birmingham-Shuttlesworth International Airport.

 

more...

 

[Birmingham Business Journal]

 

 

 

 


 



Huntsville's Drake State, Aerojet Rocketdyne establish new scholarship 

on August 12, 2013 

 

HUNTSVILLE, Alabama - The J.F. Drake State Community and Technical College Foundation will award a new $750 Aerojet Rocketdyne scholarship this fall to a recent high-school graduate or first-semester student enrolled in a Drake State program that leads to an advanced manufacturing career.

 

Through funding from parent company GenCorp, aerospace and defense leader Aerojet Rocketdyne has formed a partnership with Drake State to promote regional workforce development. Since 2000, the GenCorp Foundation has contributed more than $10 million in grants, scholarships and matching gifts to schools and nonprofits.

 

Carlton Brewer, Aerojet's site executive for Huntsville, said it's critical to continue building the area's workforce to benefit aerospace and defense manufacturing throughout the Tennessee Valley.

 

"We want to strengthen our ties with the community not just by supporting the overall aspects of propulsion systems design in the region, but by helping develop the individual technicians the aerospace and defense manufacturing sector needs to deliver our systems," he said.


more...

 

[al.com]

 

 

 


Dale County rolling out new curriculum model

August 12, 2013

 

MIDLAND CITY-Dale County High School students will see changes in their facility and curriculum when they return to school next week, both which officials said can better prepare the students for their college and career experiences.

 

DCHS Principal Patrick Cain said the school will introduce competency-based learning into its 10th, 11th and 12th grade curriculum.

 

Cain said the learning model establishes a "schedule of flexibility" by allowing those students to take an ACT-based exam at the beginning of the semester in selected core courses. Should the student pass the exam, he or she will receive full high school credit for the course and have the opportunity to use what would have been class time to attend other career and technical courses at Wallace Community College for college credit, or other courses at DCHS or the Carroll High School Career Center.

 

Students could also use the class period to work a job or as an apprentice in a career and technical field outside of school.

 

[Dothan Eagle]

 

 


Helena in CNN Money Magazine's Top 25 places with affordable homes

on August 12, 2013 
 

HELENA, Alabama -- CNN Money Magazine has named Helena as one of the Top 25 best places with affordable homes for 2013.

 

The ranking posted this morning online listed Helena as 18th with a median home price of $138,842 and a median family income of $86,230. The only other Alabama city on the list was Millbrook, which was ranked 12th.

 

"This suburb of 16,000 calls itself the safest city in Alabama. Local boosters tout its hometown atmosphere, and its proximity to the shopping and services of Birmingham," the news organization said of Helena.

 

"Residents tend to gather in the town's historic center called 'Old Town,' where the Buck Creek Festival is held every year," the ranking continued. "Home prices have been on the upswing, but a dollar still stretches a long way. Three-bedroom starter homes can cost under $100,000, while a mint-condition five-bedroom home can go for around $300,000."

 

more...

 

[al.com]

 


Birmingham's start-up culture: Meet a two-person company that serves 18 countries (video)

By Alex Walsh | awalsh@al.com 

on August 13, 2013

There's a start-up culture in Birmingham, and it's easy to find. 

Look for the sign that says: "Innovation," as in Innovation Depot. (It's near the ballpark, and across the street from the gas station that plays host to a taco truck on weekday afternoons.) 

Inside the Innovation Depot you'll find companies of all sizes. Atlas RFID, an inventory technology company, is the largest, with more than 40 employees.

And then there's Fleetio, which has two: Matt Chapman, director of business development, and Tony Summerville, the company's founder.

Fleetio looks like a Silicon Valley company.Its main product is a software platform that lets businesses manage their vehicle fleets in a way that leverages the latest technology. Every gas receipt can be uploaded to its servers, and used to calculate your vehicle's miles-per-gallon; every maintenance operation can be documented, and used to build a schedule for the future.
 

more...

[al.com]

 




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