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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:
Outlook for saving mill grim
Calhoun College site for area companies to headhunt
Brasfield & Gorrie finishes $28.8M Auburn facility
Montgomery area residential sales up 30% in August; YTD sales up 17%
Alabama's incubators to be recognized at Alabama Launchpad for creating more than 6,700 jobs in the state
Alabama Department of Commerce Southeast Market Briefing Series




Outlook for saving mill grim

By Mary Sell Montgomery Bureau

Sept. 17, 2013


MONTGOMERY - Gov. Robert Bentley said Monday the state is continuing to talk with International Paper about the future of its Lawrence County facility, but company officials haven't indicated there's anything the state can do to keep the 1,100-employee plant open.


Even if they did, Bentley wouldn't be able to quickly offer IP anything without approval from the Legislature, which doesn't meet until January.


While the state can offer incentives to new companies being recruited to the state, Bentley said, his hands are tied when it comes to offering tax incentives to existing businesses considering closure or moving out of state.


"This is really the reason why we have to have something for existing businesses in this state," Bentley said in a phone interview Monday.




[Florence Times Daily]



Calhoun College site for area companies to headhunt 

By Bayne Hughes Staff Writer | 

Sept. 16, 2013


Hunner Creel wasn't ready to leave home when she graduated from Priceville High School in May 2011.


Alliyah Warren wasn't sure about her career choice after graduating from Lawrence County High School in May.

Both chose Calhoun Community College as their solution to their uncertainties.


Since opening as a trade school in 1942 and becoming a two-year college in 1947, Calhoun has been the choice of high school graduates finding their way and adults looking to improve job opportunities.


The college also has become an economic development tool and a source of trained employees for area businesses and industries.






Brasfield & Gorrie finishes $28.8M Auburn facility
Ryan Poe|Reporter-Birmingham Business Journal
Sept. 16, 2013 

Brasfield & Gorrie LLC Monday announced the completion of the $28.8 million Auburn University Center for Advanced Science, Innovation and Commerce.

Birmingham-based Brasfield & Gorrie, the project construction manager, said in a release that it coordinated seven primary contractors in the construction of the 84,000-square-foot multidiscipline research facility.


The project was funded by the U.S. Department of Commerce, the state of Alabama, the Alabama Agricultural Experiment Station and the university.



Montgomery area residential sales up 30% in August; YTD sales up 17%
on September 13, 2013 
Montgomery area residential sales in August rose 30.5 percent from the same period in 2012. 
Year-to-date sales through August are 17.3 percent ahead of 2012.

August sales totaling 364 units were 57 units above our forecast of 307 units for the month. Year-to-date, the Center's sales forecast for Montgomery was 2,325 units - the actual figure through August was 2,471 closed transactions. In 2012, Montgomery led Alabama with residential sales growth of 12.1 percent.

Supply: The Montgomery area housing inventory in August was 2,978 units, an increase of 5.7 percent from August 2012 and down 16.3 percent from the month of August's recent peak in 2007 (3,560 units).



Innovation and Entrepreneurship  

  Alabama's incubators to be recognized for creating more than 6,700 jobs 



Alabama's incubators are critical to the development of innovative new ventures, providing much needed support to small business startups in the state until those fledgling startups are sustainable and viable companies.


Join Alabama Launchpad on Sept. 26 and 27 as we celebrate 18 incubators across the state responsible for the creation of more than 6,700 jobs in Alabama.


 Please help us congratulate these incubators, each one established to meet a myriad of start-up business needs and help to promote Alabama's economic growth:



Decatur-Morgan County Entrepreneurial Center
Innovation Depot (Birmingham)
Montgomery Area Chamber of Commerce Small Business Center
BizTech (Huntsville)
Bama Technology Incubator
Pike County Center for Economic Development Small Business Incubator
Shoals Entrepreneurial Center
Auburn Business Incubator
Auburn Center for Developing Industries
Bessemer Business Incubation System
Bevill State Business Incubator
Business Innovation Center (Mobile)
Covington County Business Development Center
Enterprise Business Incubator
The Edge- Center Entrepreneurship and Innovation
Northeast Alabama Entrepreneurial System
Ozark Technology  Center for Developing Industry
Mixson Business Center (Dothan)


 For More information, alabamalaunchpad.com/i3



Register Now: Alabama Launchpad Registration


              Alabama Department of Commerce Southeast Market Briefing Series  



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Enjoy the day, 

Val Walton
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