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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:
Auburn OKs tax abatement for expanding Seohan
Southern Research wins $70 million NIH contract to study how chemicals affect human development
Officials break ground of 25,000-square-foot facility
UAB Institute for Innovation and Entrepreneurship holds launch event
Alabama Mercedes worker: 'This job has changed me as a person'
Alabama confidence survey shows business executives still positive in uncertain economy
AEgis Technologies in Huntsville wins $9 million contract to build training simulators for Marines
'State of the art,' $35M veterans hospital coming to east Montgomery
UAB takes aim at spammers, phishers, and purveyors of malware
Bentley: Northern Beltline to be built 'the most environmentally responsible way possible'
Small Business Procurement Conference set for Oct. 28-30 in Mobile

 


Auburn OKs tax abatement for expanding Seohan

Kristen Oliver | Opelika-Auburn News | 
Oct. 2, 2013

The Auburn City Council approved a tax abatement for Seohan Auto USA Corporation at its regular meeting Tuesday.

 

The total tax impact would amount to approximately $1.17 million over 10 years.

 

Seohan Auto USA Corporation has been located in Auburn since 2008, but it announced plans to build a second manufacturing facility in Auburn Technology Park West.

 

Construction on the 110,000-square-foot facility begins this week and will be completed in 2014.

 

more...

 

 

[Opelika-Auburn News]

 

 

 


 

 

Southern Research wins $70 million NIH contract to study how chemicals affect human development
on October 01, 2013 

BIRMINGHAM, Alabama - Southern Research Institutehas been awarded a contract worth as much as $70 million over 10 years to study the impact that certain chemicals have on those exposed to them early in life, the institute announced today.

 

The National Toxicology Program contract awarded by the National Institutes of  Health will fund the study of how chemicals impact developmental, reproductive and other systems in the human body.

 

The contract will not be affected by Tuesday's shutdown of the federal government, a Southern Research spokeswoman said.

 

Materials to be studied may include environmental chemicals, food additives, herbal remedies, pesticides, ingredients in cosmetics and nanomaterials, Southern Research said in a prepared statement.



more..

 

 


Officials break ground of 25,000-square-foot facilityMagnet Paints to create up to 20 new jobs for town

By Tiffeny Owens The Cullman Times

Oct. 2, 2013

 

WEST POINT - It was a long time in coming, but if you ask anyone gathered here for a groundbreaking ceremony Tuesday morning, it was well worth the wait.

After more than two decades of trying to recruit the New York-based Magnet Paints and Shellac Company to West Point, local and state officials celebrated the beginning of construction on a new 25,000-square-foot facility with the ceremonial shoveling of dirt.

The $2 million facility will be constructed on three acres of land located on Cullman County 1246 and will produce commercial, industrial, and automotive coatings. The development will create 10 jobs initially, with the anticipation of a total of 20 new positions within the next few years.

 

more...

 

[Cullman County Times]

 

 


 

UAB Institute for Innovation and Entrepreneurship holds launch event
 

The University of Alabama at Birmingham today officially launched the Institute for Innovation and Entrepreneurship (IIE). Approved by the University of Alabama System Board of Trustees in February 2013, this endeavor has been a campus-wide collaboration supported by the Office of the Vice President for Research and Economic Development and the Collat School of Business.

 

The institute is an expansion on the UAB Research Foundation, which manages intellectual property at UAB. In this capacity, the institute will create and foster an entrepreneurial and innovative ecosystem integrating the UABRF's existing strengths and capabilities, enhancing and facilitating service and technology commercialization.

 

The institute team will also work to create new experiential learning opportunities for students across campus, as well as encourage and cultivate interdisciplinary scholarly research among faculty and clinicians.

 

David Winwood, Ph.D., CEO of the research foundation, will be executive director of the new institute, and Kathy Nugent, Ph.D., director of the biotechnology program at UAB, the institute's new managing director.

 

more...

[UAB news]

 

 

 

 

 


Alabama Mercedes worker: 'This job has changed me as a person.'

Oct. 2, 2013

 

TUSCALOOSA, Alabama - Tanya Cabiness was 22 when she stepped into the Mercedes-Benz plant back on July 7, 1997, not long after the first M-Class sport utility vehicle made in Alabama rolled off the factory's assembly line.

 

Cabiness had been to college and previously worked in a mobile home manufacturing facility. For her, this place - the automaker's first auto production facility outside of Germany - made an instant impression. The sprawling 4 million-square-foot facility in Tuscaloosa County has been her workplace for more than 16 years now.

 

"I knew when I walked in the door, this is where I wanted to be," she says today.

 

 more..

 

[madeinalabama.com]

 


 

 

 


Alabama confidence survey shows business executives still positive in uncertain economy
on October 02, 2013 

Despite concerns about the economy, 248 Alabama business executives stayed positive going into the fourth quarter of 2013, according to a confidence survey conducted by the Center for Business and Economic Research (CBER) at the University of Alabama.

 

The Alabama Business Confidence Index (ABCI) slipped one point during the fourth quarter to 51.9, the survey revealed. Alabama business expectations, which are up 3.6 points from the reading a year ago, lag behind the 53.5 point long-term average calculated over the 48 quarters that the CBER has measured business confidence throughout the state.  

 

Among the largest Alabama metros, Mobile's business confidence was highest at 58, followed by Montgomery with 54.3 and Birmingham-Hoover at 53.3. Huntsville's confidence, which increased 0.1 points to 45.8, was "stable, but still indicating moderate contraction," CBER reported.

 

more...

 

[al.com]

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 


 

 

AEgis Technologies in Huntsville wins $9 million contract to build training simulators for Marines 

By Lucy Berry | lberry@al.com 

on October 02, 2013

HUNTSVILLE, Alabama - AEgis Technologies Group announced Wednesday it has been awarded a $9 million contract to modify and deliver two 360-degree Improved Moving Target Simulator (IMTS) devices to offer Stinger training to the U.S. Marine Corps.

 


AEgis, which is headquartered in Huntsville, revealed last week that it was the winner of the Full and Open competition by the Marine Corps System Command (MARSYSCOM) Program Manager for Training Systems (PM TRASYS), which is based in Orlando.

 

"We are proud to be selected to build these important training simulators for the Marines," said Del Beilstein, vice president of business development, technology solutions. "AEgis has worked extensively in providing training and simulation solutions for both the U.S. Army and U.S. Air Force, and we are excited for the opportunity to deliver these IMTS devices for the United States Marine Corps.


more...

 

[al.com]

 

 

 

 

 

 

 

 

 

 

  

 


 

 

 

'State of the art,' $35M veterans hospital coming to east Montgomery 

By Brad Harper

Oct. 2, 2013

 

Work will start later this month on a massive, $35 million Veterans Affairs Health Care Center in east Montgomery, according to project planners.

 

The 153,315-square-foot structure at Chantilly Parkway and Ryan Road will include a full-service pharmacy, a laboratory, a radiology clinic, an ophthalmology and dental clinic, a women's health clinic and more.

 

Montgomery Mayor Todd Strange said the facility won't negatively impact the Central Alabama Veterans Health Care System campus on Perry Hill Road in Montgomery. In fact, he said the new facility could handle outpatient services for veterans in the area, potentially allowing the Perry Hill hospital to expand its other services.

 

more...

 

[Montgomery Advertiser]

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 


 

 

UAB takes aim at spammers, phishers, and purveyors of malware

By Michael Kassner in IT Security

September 30, 2013, 

 

Birmingham, Alabama, is fast becoming a hotspot for digital crime fighting.

The Birmingham Business Alliance (BBA) invited several journalists to visit their city, including yours truly. The Alliance wanted to showcase something they are proud of: a community of scientists, engineers, and legal professionals determined to make life miserable for digital miscreants. After hearing that, my bag was packed almost before I sent the email accepting their offer.
 

After three days of almost non-stop activity - including chatting with Alabama's Chief Information Officer: Brunson White - it can be said that Birmingham has it going on when it comes to making the digital world more secure.


more..

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 


Bentley: Northern Beltline to be built 'the most environmentally responsible way possible' (updated, photos) 

on October 01, 2013

 

GARDENDALE, Alabama -- The Northern Beltline will be Alabama's best-designed highway with care taken during construction to minimize environmental impacts, Gov. Robert Bentley said.

 

Calling the project one of his campaign promises, Bentley made the remark during a Tuesday press conference at Gardendale Public Library announcing the state has secured the final necessary permit to begin building the first 1.3-mile segment of the highway.

 

The planned corridor will arc for 52 miles through northern Jefferson County, connecting Interstates 459, 22, 65 and 59.


 

more...

[al.com]  

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 



Registration fee $25. Deadline Oct. 21, 2013

For more information, contact Kim Vincent at 256-372-5681 or Kim.Vincent@aamu.edu.  

 

 

 

 

 

 

 

 

  




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