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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:
Birmingham's Induron Protective Coatings completes $1.2 million expansion
Hack This!
Alabama market briefings to promote exports to Southeast Asia
Former head of Mercedes' Alabama operations gets key leadership role with automaker
Registration underway for Alabama's only Innovation Conference


Birmingham's Induron Protective Coatings completes $1.2 million expansion (photos)

on September 05, 2013

BIRMINGHAM, Alabama - Induron Protective Coatings, an industrial coatings manufacturer located just north of downtown, has completed a $1.2 million expansion that more than doubles its production capacity, the company announced today.


Mayor William Bell, who joined economic development officials at a formal dedication of the newly renovated facility, said the expansion represents a vote of confidence in Birmingham.

"For over six decades Induron has been a part of this city," and it chose to remain in the city as it has grown, he said.


The family-owned company, which was founded in 1947, bought and renovated a warehouse adjacent to its plant after the warehouse's owner relocated to larger space elsewhere in the city. The expansion added 17,500 square feet of space and brought the company's total footprint at 3333 Richard Arrington Jr. Blvd. to about 29,500 square feet.


The new warehouse space allowed warehousing functions to be moved out of the production facility, making room for the addition of new equipment and improving the plant's efficiency, said owner Davies Hood.






Hack This!

By Charlie Ingram 
September 2013

Jim Simon was a U.S. Army intelligence officer, career CIA analyst and partner in Microsoft before starting his own cyber security consulting firm named i.e. LLC. Now a Guntersville resident, the 66-year-old Simon offers this as a catastrophic cyber scenario: "If I'm a cyber terrorist, and I really want to get your attention, I would wait until all the rivers are at flood stage," he says. "Then I would open all the locks and dams. I would kill 300,000 people. The Columbia River Valley and some other areas out West would be particularly good for that. Is that possible? Sure, anything would be possible."


"No one is immune from a cyber attack," says Ron Burgess, who recently retired as a U.S. Army lieutenant general after serving as head of the U.S. Defense Intelligence Agency, which has more than 16,000 employees.


 "I've been doing analyses on cyber threats for a long time, and I'm encouraged, because more people are starting to wake up to it. It's a growing trend, and more people are trying to understand it," says Burgess, 61, who now is senior counsel for national security programs, cyber programs and military affairs at Auburn University, where he graduated in 1974.


Simon and Burgess were among the featured speakers recently at Rocket City TakeDownCon, a cyber security conference hosted by Huntsville-based Dynetics and the EC-Council.

More than 270 people attended the event, and it was no ordinary gathering.




[Business Alabama]




Alabama market briefings to promote exports to Southeast Asia

MONTGOMERY, Alabama - The Alabama Department of Commerce and the U.S. Department of Commerce's Export Assistance Center along with other Export Alabama Trade Alliance members will present a series of market briefings on Southeast Asia, featuring speaker Wanwemol Charukultharvatch, senior commercial specialist at the U.S. Embassy in Bangkok, Thailand.


Events are scheduled for Sept. 26 at BizTech in Huntsville from 8-9:30 a.m. and at theBirmingham Business Alliance from 11:30 a.m.-1 p.m.; and for Sept. 27 at the Mobile Area Chamber of Commerce from 11:30 a.m.-1 p.m.


"We are excited to have Ms. Charukultharvatch visit Alabama to talk directly with companies interested in this unique market for exports," said Hilda Lockhart, director of the International Trade Division of the Alabama Department of Commerce. "Her areas of expertise are broad in numerous industry sectors, and she counsels U.S. government officials and private sector representatives regarding issues and business opportunities for this market."









Former head of Mercedes' Alabama operations gets key leadership role with automaker

on September 05, 2013

Ola Kaellenius, who led the Alabama operations of Mercedes-Benz from 2009 to 2010, has been named to a key leadership role with the German automaker, parent Daimler AG announced. 


Kaellenius left the Tuscaloosa County plant to lead Mercedes AMG, the company's high-performance vehicle division. Now, he has been named the successor to Joachim Schmidt, who heads Mercedes' passenger car sales. 

Schmidt is retiring after a career that spans more than 30 years. Kaellenius will start his new job Oct. 1.


The move means that three former Alabama plant presidents now have key roles within Daimler.


Markus Schaefer, who left Alabama earlier this year, is now head of production planning for Mercedes-Benz passenger cars.















 Sep. 6, 2013 


WASHINGTON (AP) - The U.S. economy is producing jobs at a still-subpar pace - a trend the Federal Reserve will weigh in deciding this month whether to slow its bond buying and, if so, by how much.


Employers added 169,000 jobs in August but many fewer in June and July than previously thought, the Labor Department said Friday. Combined, June, July and August amounted to the weakest three-month stretch of job growth in a year.


The unemployment rate dropped to 7.3 percent, the lowest in nearly five years. But it fell because more Americans stopped looking for work and were no longer counted as unemployed. The proportion of Americans working or looking for work reached its lowest point in 35 years.


The jobs picture is sure to weigh heavily when the Fed meets Sept. 17-18 to discuss whether to scale back its $85 billion a month in Treasury and mortgage bond purchases. Those purchases have helped keep home-loan and other borrowing rates ultra-low to try to encourage consumers and businesses to borrow and spend more.





[Associated Press]




             Registration underway for Alabama's only Innovation Conference


Join the Economic Development Partnership of Alabama on Sept. 26-27 for the third annual Alabama Launchpad Innovation and Entrepreneurship Conference that strives to celebrate the entrepreneurs and job creators who launch startups that help drive economic growth in the Alabama. We have a great lineup of speakers, including Gov. Robert Bentley and Alabama native Ted Alling, one of the South's leading entrepreneurs and managing partner of the Lamp Post Group, where he actively recruits and mentors other entrepreneurs. 




For conference agenda and more details visit the main conference website:




Registration pageRegister Now




Samford University grad Ted Alling, CEO Access America Transport


Brad Feld, TechStars co-founder.

William C. Taylor, Editor Fast Company


Andrew Chang, UPS Marketing Director








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Val Walton
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