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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:
Bell Helicopter sees increase in production
Alabama Launchpad to accept entries for year's third round of start-up business competition
Alabama rolls out a (tattered?) red carpet for companies
How Does Economic Development Legislation Affect Your Bottom Line?
Mayors make stop in Hong Kong
Study: Commuter rail service between Birmingham and Montgomery feasible
Get an update on Mobile's economic outlook at lunch forum Thursday
Signal redelivers hopper dredge to Army Corps in New Orleans
Japan External Trade Organization to present luncheon and seminar on Oct. 24 in Birmingham

 


 

Bell Helicopter sees increase in production

By Ebony Horton

Oct. 20, 2013

 

OZARK-Bell Helicopter's work with Northrop Grumman on an unmanned helicopter program has elevated the Ozark facility's production numbers this year, and workers have completed more than 600,000 hours without a reportable injury, according to the company.

 

Barry Ford, general manager for Bell Helicopter in Ozark, said the facility is working with Northrop Grumman on the Fire Scout program, which is an unmanned helicopter that supports special operations for ship-based unmanned systems  for the U.S. Navy.

 

Ford said the workforce has remained consistent over the past year with more than 120 employees. He said facility workers have completed four U.S. Air Force TH-1H aircraft for use in the training command at Fort Rucker and refurbished a UH-1H aircraft for the Maine Department of Forestry.

 

Ford said the facility, which performs maintenance, repair and overhaul for the full light and medium Bell Helicopter product line, is likely best known for its Huey II program.

 
more...

[Dothan Eagle]

 

 

 

 


Alabama Launchpad to accept entries for year's third round of start-up business competition 

on October 18, 2013 

 

BIRMINGHAM, Alabama - Registration begins Monday forAlabama Launchpad's latest contest in which start-up businesses compete for early-stage funding.

 

It will be the third round of the event this year as theEconomic Development Partnership of Alabama increases its frequency in a bid to encourage growth.

 

"If we are going to realize the impact of creating jobs, we have to invest in promising companies as frequently as possible, so we do not miss out on great opportunities," Launchpad Programs Director Greg Sheek said in a prepared statement.

 

more..

 

[al.com]

 

 

 

 


Alabama rolls out a (tattered?) red carpet for companies

October 18, 2013

What's a winning state slogan? Think about "I love New York," "Virginia is for Lovers," or Vegas' "What happens here, stays here." There's something about these slogans that just stick.

Alabama earlier this year launched its own slogan: Made in Alabama.

 

"It captures the pride that we have," says Greg Canfield, Alabama's Commerce Secretary, "the competitive nature that Alabamians have. We love to win whatever we do."

 

Especially winning at college football, which is one thing people think of when they think of Alabama. But Canfield's office launched this marketing blitz to tell people there's more to the state than football and, say, hunting.

The state is specifically going after companies, telling them there's money to be made here. Alabama spent about $390,000 on the slogan, a new website, and ads.

 

"We've advertised in Delta Sky magazine. We've advertised in Area Development magazine ... all of the publications driven towards site consultants," Canfield says


more...

 

 


How Does Economic Development Legislation Affect Your Bottom Line?

Von Hatley, Managing Director, Jones Walker Consulting, LLC (Q4 / Fall 2013)

 

In the never-ending quest to spur economic development, states have left almost no stone unturned. Most have amended tax policy to make themselves more competitive - some by eliminating onerous, low-impact tax programs, others by creating new incentive programs. Either way, the result has been a legislative flurry of activity. 

But as states develop legislation to promote economic growth, they must make certain they are peering through the correct lens. That means, how will this legislation look to the companies they seek to attract? Legislators and economic development officials must remember that from any company's viewpoint, the most fundamental question about any tax and incentive program is, "How is this legislation going to affect our financial statements?" 

As companies review the various alternatives of expansion or consolidation, each of these decisions fundamentally comes down to a financial analysis. While there are always qualitative considerations, such as quality of life and other community factors, most of these variables come into play only after the quantitative analysis has narrowed the field of sites. 
 

more...

 


Mayors make stop in Hong Kong

By Lance Griffin

October 18, 2013

 

A grueling schedule continued in China and Hong Kong on Thursday and Friday as a group of Southern elected officials continued to barnstorm throughout the Far East in search of foreign investment and jobs.

 

The highlight of the most recent leg of the 10-day trip was a formal meeting with the chief executive of Hong Kong, C.Y. Leung.

 

"It was an incredible meeting to visit the chief executive of Hong Kong," Dothan Mayor Mike Schmitz said in a written statement. "He understood and was grateful about what we are trying to do in China and he said he would help us. It's probably one of the best business meetings we have had."

 

more...

 

[Dothan Eagle]

 

 

 

 


Study: Commuter rail service between Birmingham and Montgomery feasible

on October 18, 2013 

BIRMINGHAM, Alabama -- Growing travel demand and existing infrastructure would make reestablishing commuter rail service between Birmingham and Montgomery feasible, a study found.

 

Making the project a reality would take cooperation on a regional -- maybe statewide -- level to determine how complex the rail network would be, how much it would cost to build and maintain, and how it would be paid for, consultants said.

 

Consultants with HDR Engineering, Inc., on Friday released the results of their feasibility study -- commissioned by the Alabama Department of Economic and Community Affairs and the cities of Birmingham and Montgomery -- to area elected officials and transportation representatives at the Regional Planning Commission of Greater Birmingham.

 

Besides looking at route alternatives and possible costs, the study also attempts to gauge interest levels and make ridership projections.

 

more...

 

[al.com]

 

 

 


Get an update on Mobile's economic outlook at lunch forum Thursday


MOBILE, Alabama - Bill Sisson, president and CEO of the Mobile Area Chamber of Commerce, will be the speaker on Thursday, Oct. 24, at the lunch forum at Government Street Presbyterian Church.

 

Sisson took the reins at the Chamber of Commerce on July 1, after four and half years as executive director of the Mobile Airport Authority. Before that, he was the chamber's vice president of economic development from 2003 to 2008.

 

Thursday's presentation will include an overview of Mobile's economy, he said, "and where I feel like we're headed from an economic development standpoint."

 
more...

[al.com]
 

 

 

 


Signal redelivers hopper dredge to Army Corps in New Orleans

on October 19, 2013

 

MOBILE, Alabama -- Signal Ship Repair announced Friday the re-delivery of a hopper dredge to the U.S. Army Corps of Engineers, after the company replaced the propulsion and main dredge generator with a modern diesel engine.

 

The 408-foot-long hopper dredge Wheeler is the largest in the corps of engineer's fleet. It's used for deepening and maintaining navigable waterways.

 

A subsidiary of Signal International, Signal Ship Repair also installed new shafts, hubs, reduction gears and hydraulics on the vessel. The ship's bow thruster received a new ABB frequency drive and its three service generators were replaced.

 

more...

 

[al.com]

 

 

 


 

Japan External Trade Organization to present luncheon and seminar on Oct. 24 in Birmingham 

 

The Japan External Trade Organization (JETRO) will present a luncheon and seminar entitled, "The Mindset of Monozukuri: Encouraging a Culture of Talent and Innovation in Manufacturing," on Oct. 24, 2013, in Birmingham.

Since 2007, JETRO Chicago has promoted the manufacturing philosophy of "Monozukuri" to facilitate better understanding and collaboration between the Japanese and North American automotive supplier communities. This seminar will provide insights and expectations on how to establish a successful company culture based on continual production improvements, innovation, and human resource development.

 

The seminar will be held from 12:00 p.m. - 5:00 p.m. within the Birmingham-Jefferson Convention Complex (BJCC). The luncheon portion of the program will take place in Medical Forum Ballroom G, and the afternoon seminar will take place in the Medical Forum Auditorium. 

 

A special luncheon presentation from Ichiro Sone, Chief Executive Director of JETRO Chicago, will review the latest policy updates on "Abenomics," the Trans-Pacific Partnership (TPP) trade agreement, and Japan's recovery efforts from the Great East Japan Earthquake of March 2011. Additionally, an economic overview of the Japanese automotive industry in Japan and North America will be provided.
The seminar portion of the program will feature an OEM panel followed by a panel of Japanese and US supplier companies.
The OEM panel will feature perspectives on Monozukuri from the following speakers:
  • Tom Shoupe, President, Honda Manufacturing of Alabama, Inc., Lincoln, Alabama
  • Mark Brazeal, General Manager, Toyota Motor Manufacturing, Alabama, Inc., Huntsville, Alabama
A question and answer session will follow the panel session, moderated by Ron Davis, President, Alabama Automotive Manufacturers Association (AAMA).
The supplier panel discussion, "How to Sustain US-Japan Supplier Collaboration," will feature the following speakers:
  • Melanie Hart, President, TASUS Corporation, Bloomington, Indiana
  • Billy Vickers, President & CEO, Modular Assemblies Innovations, Dublin, Ohio
  • Charlie Russell, Founder & President, PTM Corporation, Fair Haven, Michigan
A question and answer session will follow the panel session, moderated by Glenn Stevens, Vice President, Sales and Marketing, Original Equipment Suppliers Association (OESA).

 

The program will be followed by a networking reception at 5:00 p.m., sponsored by the Birmingham Business Alliance and the Japan-America Society of Alabama.

Event Organizers are JETRO Chicago, Japan-America Society of Alabama.  Registration begins at 11:30 a.m.; Program and Luncheon begin promptly at 12:00 p.m.

 

Registration: The cost of the luncheon seminar is $50. Advance online registration is required for this event through the Japan-America Society of Alabama, http://www.jasaweb.org.
Contact: For registration and payment information, contact Tamara Moriya at JASA: 205-943-4730 or jasa@mindspring.com. For information about the seminar program, or for media inquiries, contact Kevin Kalb of JETRO Chicago at: 312-832-6023 or Kevin_Kalb@jetro.go.jp.
 

 

 

 




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Val Walton
   
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