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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:
Moody receives $200,000 grant to improve Kelley Creek Road to bring 70 jobs, new businesses.
Mercedes to expand use of hydrogen-based fuel cell units at Alabama plant
Mobile Chamber's 2013 Business Expo slated for Aug. 22
Steyr Arms plans move to Bessemer; expand workforce
EDA committee gathering input from public
Alagasco name to join Birmingham skyline
Huntsville, Mobile named to Nerd Wallet's list of Top 10 Cities on the Rise
Rep. Rogers touts aerospace industry in Lee County visi
Baseballparks.com names Birmingham's Regions Field Ballpark of the Year (photos)
News Release--USA Technology and Inventors Receive Global Award

 


Moody receives $200,000 grant to improve Kelley Creek Road to bring 70 jobs, new businesses

on August 20, 2013 

 

MOODY, Alabama -- The city of Moody has been awarded a $200,000 Community Development Block Grant to make improvements to Kelley Creek Road in an effort to bring new businesses and 70 new jobs to the area, the Alabama Department of Economic and Community Affairs announced today.

 

Upgrading the two-lane road will enable Loves Travel Stop and Country Store Inc. to build a fueling station plaza on a 10-acre site adjacent to Interstate 20 that will include a convenience store and two fast-food restaurants.

 

"With this assistance, the city of Moody will be able to capitalize on the Interstate 20 traffic and encourage future business development around this interchange," Gov. Robert Bentley said in a press release.

 

more..

[al.com]

 

 


Mercedes to expand use of hydrogen-based fuel cell units at Alabama plant

on August 20, 2013 

VANCE, Alabama -- Mercedes-Benz has ordered 123 additional hydrogen-based GenDrive fuel cell units to power forklift trucks at its Tuscaloosa County auto assembly plant, manufacturer Plug Power Inc. said today. 

 

The move follows a similar one last year, when Mercedes purchased 72 GenDrive fuel cells to power the lift truck fleet. Plug Power's technology replaces lead-acid batteries and is a more cost-efficient way to provide clean energy for warehouse operations, the company said.
 

The new forklift trucks will be used at a $70 million, 900,000-square-foot logistics hubthat Mercedes announced earlier this year. The facility will be used for the receiving, handling and sequencing of parts for the luxury SUVs and crossovers produced at the Vance auto plant, as well as the C-Class sedan, which will go into production there next year.

 

[al.com]

 

 


Mobile Chamber's 2013 Business Expo slated for Aug. 22

on August 20, 2013
 

MOBILE, Alabama - The Mobile Area Chamber of Commerce will host its annual networking extravaganza Thursday, and this year's festivities boast more than eight hours of resource-gathering and elbow-rubbing opportunities.

 

The day's events begin with a sold-out luncheon featuring Alabama Commerce Chief Greg Canfield and sponsored by Mobile's Aker Solutions. Canfield is expected to address the state's latest economic development strategies and trends as well as Mobile's role in Alabama's ongoing efforts to attract and retain industry.

 

The main event, however, follows immediately at 1 p.m. as the 2013 Business Expo is expected to attract some 200 exhibitors and more than 2,000 attendees to the Arthur R. Outlaw Mobile Convention Center Exhibit Hall.

 

A variety of local, state and federal resource partners will be integrated among exhibitors to assist small business owners with management, financial, procurement, marketing and technical assistance. Those partners include the U.S. Small Business Administration, SCORE and the Alabama Career Center.

 

more...

[al.com]

 

 

 


Steyr Arms plans move to Bessemer; expand workforce 

 By Shannon Delcambre
Posted August 20, 2013

TRUSSVILLE, AL -A firearms subsidiary, located in the Birmingham area, plans to expand.

Steyr Arms will move forward with buying a new building in Bessemer for its local operations.

That decision came, after the Bessemer City Council voted to approve tax abatements for the company's expansion.

 

According to the Birmingham Business Alliance, Steyr Arms plans to purchase a 33,000 square foot facility on Morgan Road, and triple its workforce over the next 3 years... a $1.7 million investment.

 

"Steyr Arms is excited about its future plans and grateful for the thoughtful work the City of Bessemer has put into our expansion plan," said Scott O'Brien, CEO of Steyr Arms. "Moving to a larger facility will enable Steyr to utilize the region's talented workforce to increase our customer base and capacity to meet market demand. That could lead to even further expansions down the road."


more...

 

[alabamas13.com]

 

 

 


EDA committee gathering input from public

By Robert Hudson

Published: August 20, 2013


A Lake Martin Area Economic Development Alliance committee is getting community input on a vision for the area's future.


The EDA Community Development Committee held its first meeting last week.


Larkin Radney, co-leader of the Community Development Committee, said the committee is an effort by the EDA to reach out to the broader community to start a discussion on a short, mid-and long-term plan for the Lake Martin Area.


"The sole purpose of that meeting last week was to organize a larger committee which will report directly to the EDA board," Radney said. "At that meeting we discussed many issues, but the first thing we did was elected leaders and co-leaders and discussed the type of committee we wanted to be."

 

more..

 

[Alex City Outlook]

 

 

 

 


Alagasco name to join Birmingham skyline

 

BIRMINGHAM, Alabama - There is about to be a clear sign that Alagasco is now the primary tenant of downtown'sColonial Plaza.

 

Alabama Gas Corp. began this week installing the first of three signs that will go atop the building at Sixth Avenue North and Richard Arrington Jr. Boulevard.

 

Alagasco's nearly 250 downtown employees now occupies six of the seven floors of the building, including all executives and work groups, according to Sherri Goodman, spokeswoman for Alagasco. Many of the Alagasco employees moved from the neighboring Energen Corp.headquarters, parent company to Alagasco.


more..

[al.com]

 

 


Huntsville, Mobile named to Nerd Wallet's list of Top 10 Cities on the Rise

on August 21, 2013 

Huntsville and Mobile made a list of Top 10 Cities on the Rise - Huntsville because of growth in its working-age population and Mobile because of a rise in median income, according to nerdwallet.com, a consumer finance site.

By 

Huntsville was ranked No. 9 and Mobile No. 10 on the list released Monday.

 

"As the economy picks up, many people are looking around for booming cities with growing employment and thriving industry," writes Nerd Wallet reporter Divya Raghavan. "What are the top growing cities in the U.S.? We crunched the numbers to find the top cities on the rise."

 

 

more...

 

[al.com]

 

 

 


Rep. Rogers touts aerospace industry in Lee County visit

By Patrick Johnston

Posted: August 20, 2013 

 

Rep. Mike Rogers (R-Saks) believes Alabama and Lee County are soaring to new heights in aerospace manufacturing.

 

After touring the GE Aviation jet engine components factory in Auburn on Tuesday, Rogers predicted that aerospace manufacturing will eventually have the same impact on Alabama's economy as automotive manufacturing. Rogers also praised Lee County officials for seeking new aerospace-related industries.

 

 Officials with the cities of Auburn and Opelika recently went to the Paris Air Show. So did Rep. Mike Hubbard of Auburn.

 

" This region is so economically blessed with diversity and growth," Rogers said. "I want to make sure we continue to diversify."

 

more...

 

[Opelika Auburn News]

 

 

 

 

 


Baseballparks.com names Birmingham's Regions Field Ballpark of the Year (photos)

on August 20, 2013 

BIRMINGHAM, Alabama - Joe Mock knew it all along.

 

The webmaster of Baseballparks.com suspected that Birmingham's Regions Field would merit the Web site's distinction as Ballpark of the Year. But he couldn't get ahead of himself.

 

After visiting Birmingham and writing a 5,000-word review for his site and a shorter version that appeared in USA Today Sports Weekly, Mock assessed the other new or rebuilt ballparks.

 

"I was not going to name Birmingham's ballpark the winner without being fair and checking the other two, although I had a strong feeling it was going to be the winner," Mock said. "To me, it was clear after visiting the new parks that opened.  All of them were in the minors, by the way, none in major league baseball or spring training."

 

 

more..

 

[al.com]

 

 

 

 

 

 

 

 


 

News Release--USA Technology and Inventors Receive Global Award

 

The University of South Alabama technology licensed by Swift Biotech, one of the 2010 LaunchPad winners, was awarded the Eugene Bricker Award for Best Research at the international meeting of the Society of Pelvic Surgeons in Dusseldorf, Germany.

 

This technology, utilizing a test similar to a PAP smear, was invented by Dr. Lewis Pannell, Dr. Michael Finan and Dr. Rod Rocconi at the University of South Alabama's Mitchell Cancer Institute (MCI). Dr. Finan presented the technology and accepted the award in Germany.

 

The USA technology has consistently been in the news lately. In late 2012, Dr. Pannell was awarded a $1.1 million grant from the National Institute of Health to fund key components of the ovarian development project. In March of this year, of the many abstracts submitted for consideration at the Society of Gynecologic Oncology's (SGO) Annual Meeting on Women's Cancer in Los Angeles, only five research projects were selected to be featured and two of them were invented at MCI. Those two technologies featured the ovarian screen being developed by Swift and another under option by Swift focusing on endometrial cancer.

 

Swift recently obtained its first patent on a lead biomarker and the journal BioCentury, part of the Bernstein Report on BioBusiness, featured Swift Biotech as its "Emerging New Company" in its June issue.  BioCentury is marketed as "the best source of perspective, interpretation and analysis for top managers and investors in the biotech community."

 

 The president and CEO of Swift, Dr. Michael Chambers, explained that "these successes are due to the visionary efforts of these inventors and the critical support of leaders at MCI, namely Dr. Michael Boyd and Dr. Laurie Owen." He added that, "Lynne Chronister, USA's new Vice-President of Research and Economic Development, and Ker Ferguson, Assistant Vice President, Research/Office of Industry, have created both focus and momentum to support the efforts of Swift and others licensing USA technology."

 

 

 

 

 

 




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