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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:
Auto industry improves economy
Alabama Launchpad assembles nation's top speakers in start-ups and entrepreneurship
Alabama House Speaker Mike Hubbard, Rep. Ken Johnson to address International Paper closure, jobs
Huntsville's Intuitive Research and Technology, Birmingham's Daxko make CNN's 50 best companies to work for list
Alabama Launchpad to recognize state's top 10 patent leaders for employing more than 41,000 people and generating 648 patents

 


Auto industry improves economy

By Kendra Bolling

September 19, 2013


The automobile industry has improved Crenshaw County's economy in a variety of ways, local officials said this week.

 

The county is home to two automobile suppliers, all located on or near U.S. 331.

 

Robin Snellgrove, president of the Crenshaw County Economic and Industrial Development Authority said this week that prior to the automobile industry locating to the county, Crenshaw County's unemployment rate was 13.9 percent.

 

Figures for July were recently released and the county sits at 6.6 percent, while the state is at 6.3 percent.

Snellgrove said the unemployment rate in the county his 2.9 percent in 2005.

 

"Over 1,200 direct jobs have been created by the four automobile facilities in Crenshaw County," she said. "Not only does the employment numbers continue to increase with each expansion, but the sales tax revenues increase as well."

 

more...

 

[Greenville Advocate]

 


Innovation and Entrepreneurship  

 

 Alabama Launchpad has assembled some of the nation's leading experts in entrepreneurship and the start-up community for our Third Annual Innovation and Entrepreneurship Conference set for Sept. 26-27 at the Hyatt Regency Birmingham-The Wynfrey Hotel in Hoover.
 
 Gain valuable information about the importance of having a strong start-up ecosystem in Alabama and join us in celebrating the companies that are creating jobs and growing the state's economy.
 
 
Brad Feld

 


Brad is one of the managing directors at Foundry Group, a venture capital firm that invests in early stage software / Internet companies throughout the United States.

Feld played a major role in building the start-up community in his adopted hometown of Boulder, Colorado. He believes that, with the right ingredients, any city in the world can become a thriving start-up community. 

Feld is also the co-founder of TechStars, a mentor-driven accelerator, author of several books and blogs, and a marathon runner.

Brad has been an early stage investor and entrepreneur since 1987. Prior to co-founding Foundry Group, he co-founded Mobius Venture Capital and, prior to that, founded Intensity Ventures, a company that helped launch and operate software companies. Brad is also a co-founder of TechStars.

 

 Brad is our speaker at our Friday kick-off dinner at 7 p.m. on Thursday, Sept. 26.

 

 

For More information, alabamalaunchpad.com/i3

 

 

Register Now: Alabama Launchpad Registration

 

 


 

 

 

 

 


Alabama House Speaker Mike Hubbard, Rep. Ken Johnson to address International Paper closure, jobs
on September 18, 2013 

TRINITY, Alabama - Alabama House Speaker Mike Hubbard, R-Auburn, and Rep. Ken Johnson, R-Moulton, will be on hand Thursday afternoon for a press conference to address the impending closure of Lawrence County's largest employer.

 

Last week, International Paper announced it would shutter its Courtland paper mill in stages until full closure is reached at the end of the first quarter of 2014. Closing the facility will result in the loss of 1,100 jobs at International Paper alone.

 

Following a roundtable discussion with community and business leaders, Hubbard and Johnson plan to discuss the closure and recruitment of new jobs to Lawrence and Morgan counties.

 

more...

 

[al.com]


 


Huntsville's Intuitive Research and Technology, Birmingham's Daxko make CNN's 50 best companies to work for list
By Lucy Berry | lberry@al.com 
on September 19, 2013 

CNN Money Magazine has ranked Intuitive Research and Technology in Huntsville as the second best place to work in the U.S. for the third consecutive year in its medium-sized business category, the company announced Thursday morning.

 

Intuitive Research and Technology, which is headquartered on 5030 Bradford Drive in Huntsville, employs 266 workers and produces annual revenues of $187.4 million, CNN reports.

 

"Military-contract consultant takes job applicants to meet the client during the interview process, since most employees work on location," the website said.

 

Daxko, a service-needs technology and software provider based in Birmingham, was ranked No. 24 in the best small companies to work for category. The company has 241 employees and annual revenues of $21.2 million.


more....

 


 

  Alabama Launchpad to recognize state's top 10 patent leaders for employing more than 41,000 people and generating 648 patents

 


 Patents play an increasingly important role in innovation and economic development that lead to job growth. A recent study of metropolitan areas by the Brookings Institute shows there is a correlation between an area's patenting and higher productivity growth, lower unemployment rates and the creation of more publicly-traded companies. 

  

Join Alabama Launchpad on Sept. 26-27 as we shine the spotlight on these top 10 patent leaders in the state that have worked ceaselessly for innovation and bringing new products and technology to the market and employ more than 41,000 people :

 

 

 

 


ADTRAN
AT&T
Auburn University
Correlated Magnetics Research
IBM
NASA
Nektar
Universal Lighting
University of Alabama at Birmingham
U.S. Army

 

 

 

 

 

 

 

 

 

 For More information, alabamalaunchpad.com/i3

 

 

Register Now: Alabama Launchpad Registration




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