EDPA NewsFlash

 

home       about edpa        relocation     resources for     resources for     entrepreneurship &
                                          assistance     companies        communities            technology    

 

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:
$260 million bond issue secured for Airbus final assembly line in Mobile
Vitamin-maker to expand Opelika operations, add 17 jobs
Birmingham among 10 best cities for med school
2 Alabama cities ranked in U.S. metro list for economic growth potential (updated)
What's Driving Today's Location Decisions in the Auto Industry?
Washington County economic development website nabs 'Best of Class' award

 


 

$260 million bond issue secured for Airbus final assembly line in Mobile
on August 19, 2013

MOBILE, Alabama - A bond issue totaling $260 million has been secured for construction ofAirbus facilities at Brookley Aeroplex.

 

Roger Wehner, the authority's executive director, confirmed late Monday the bond has been secured and will be repaid by lease payments from the A320 final assembly line alreadyunder construction on roughly 116 acres of Brookley's nearly 1,700-acre campus.

 

"The entire proceeds will be used for the construction of the Airbus facilities at Brookley," Wehner said, noting the bonds were floated on Airbus' credit, not that of the airport authority.

 

The bonds will be issued and funded Aug. 29, Wehner said. 


more...

 

[al.com]

 

 

 

 


Vitamin-maker to expand Opelika operations, add 17 jobs

on August 19, 2013

OPELIKA, Alabama -- Vitamin and dietery supplement maker Pharmavite plans to expand its Opelika facility with 17 new jobs and an additional $16.6 million investment.

 

Opelika Mayor Gary Fuller today announced the expansion, which is expected to happen over the next two years.

Pharmavite, which announced its plans for its Opelika facility in 2011, began production of its Nature Made soft gel tablets in January of this year. The company currently has 245 employees, with an initial investment of $73 million.

 

 

more...

 

[al.com]

 

 


 

Birmingham among 10 best cities for med school
Yann Ranaivo Reporter-Birmingham Business Journal
Aug. 19, 2013

The University of Alabama at Birmingham School of Medicine is located in one of the 10 best cities in which to attend to medical school, according to PreMedLife.

The magazine geared toward students with plans to become doctors has Birmingham in its second annual list of Best Cities to Live for Medical Students for factors such as the city's rent affordability, free events and activities and overall low cost-of-living.

 

"We started our search by looking at cities across the country which offered the lowest cost-of-living for its residents," PreMedLife said. "Then, to narrow our search, we began considering factors of interest to the medical student population like rent affordability, access to public transportation, and the number of activities and events that cost little to nothing."

 

more...

 

 


2 Alabama cities ranked in U.S. metro list for economic growth potential (updated)

on August 19, 2013 

HUNTSVILLE, Alabama - Two Alabama cities have placed in the top five of a list ranking 10 U.S. metros with the highest economic growth potential in the July/August 2013 issue of Business Facilities magazine.  

 

The city of Mobile ranked No. 2 and Huntsville ranked No. 4 in the magazine. Other metros in the top five were Baton Rouge, La.; McAllen, Texas; and Provo-Orem, Utah.

 

The ninth-annual rankings report shows Huntsville "intends to defend its turf as a leading national center in aerospace," according to the magazine article.

 

The announcement that Moon Express, a lunar resource company, opened a propulsion development facility in Huntsville last month will "be key to landing the world's first commercial spacecraft on the moon," Business Facilities said.

 

more...

 

[al.com]

 

 

 

 


 

What's Driving Today's Location Decisions in the Auto Industry?
Larry Gigerich, Managing Director , Ginovus (Q3 / Summer 2013)

 Site selection decisions made now will have a dramatic effect on a company's long-term viability. The economic landscape of today is much different than 10 years ago, and it's likely the economic landscape in 10 years will change dramatically from what it is today. 

Companies with the best information and processes, with regard to the location of a new facility, will position themselves for success down the road. This is important for all industries, but especially transitional ones like the automotive sector. 

Location Modeling
Advanced manufacturing has evolved a great deal over the last decade, and along with it has come a high demand for skilled workers. This challenge is intensified when an automotive manufacturer is seeking the best location for a new, expanded, or relocated operation. Companies need to not only identify prospective sites, but also carefully analyze their suitability for their respective needs.

 From the perspective of the overall real estate market, including brownfield redevelopment and greenfield site development; transportation infrastructure; susceptibility to natural disasters; proximity to competitors and vendors; labor market conditions; and economic impact studies; sites must be examined for their current value and future impact to the company's operations.

 

more...

 

[Area Development]

 

 


Washington County economic development website nabs 'Best of Class' award

By Kelli Dugan | kdugan@al.com 

on August 19, 2013 

The Washington County Economic Development Initiative's website took home "Best of Class" for the small division during the 2013 Southern Economic Development Council Annual Conference in Tulsa, Okla.

 

The conferences president, Gene Stinson, said the annual communication awards recognize and highlight leading marketing work completed by economic development professionals throughout the south.

 

"The Washington County EDI's new website stood out this year, particularly for an organization of its size. It had a clean, solid look and navigation, along with solid messaging to effectively reach its target audience, Stinson said.

Austin Monk, director of economic development for Washington County, said the award-winning site would never have been possible without key collaborations.

 

"PowerSouth Energy assisted WCEDI by providing us with several website choices through Red Sage Communications, at a shared cost. Both organizations were instrumental in granting WCEDI with the opportunity to boost our marketing and improve site visibility nationally and internationally," Monk said. 

 

more...

 

[al.com]

 




Please feel free to forward along to someone who can use it by clicking on the "I'd like to forward this to a contact" link below the green bar. Note also, that you can now make changes to your e-mail address and contact information through the link at the bottom.    
 
If you have news or suggestions, please forward them along to me.
 
Enjoy the day, 

Val Walton
   
Join Our Mailing List