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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:
Kiplinger's ranks Alabama the No. 6 most tax-friendly state in new interactive map
Alabama's Black Belt expected to get tourism boost from conference for outdoor writers and broadcasters
More Foreign Firms Look To Make It In The USA
Auburn MBA students research 'nearshoring' trend for the state port authority
Former Birmingham development chief Tracey Morant Adams takes Renasant Bank job

 


Kiplinger's ranks Alabama the No. 6 most tax-friendly state in new interactive map

on October 31, 2013

Business and personal finance magazine Kiplinger's has ranked Alabama No. 6 on its list of most tax-friendly states in a new online interactive map.

 

The state-by-state map gives users a synopsis of the tax policies in each state and allows them to compare a variety of taxes, including income taxes, sales taxes, gas taxes and so-called sin taxes on items like alcohol and tobacco, in different states.
 

The map also shows the most and least tax-friendly states, according to Kiplinger's. Delaware tops the friendly list, followed by Wyoming, Louisiana, Mississippi, Arizona, Alabama, Nevada, South Carolina, New Mexico and West Virginia.

 

more...

 

[al.com]

 

 


Alabama's Black Belt expected to get tourism boost from conference for outdoor writers and broadcasters

on October 31, 2013

EUFAULA, Alabama -- The Southeastern Outdoor Press Association has chosen Lakepoint State Park in Eufaula as the site of its 2015 annual conference, an event that will put a spotlight on Alabama's Black Belt region. 

 

The Southeast's top outdoor writers and broadcasters attend the conference, which involves a year-long promotion of the region where it is to be held.
 

The conference marks a great opportunity for Alabama and especially the Black Belt to show the journalists what they have to offer, said Thomas Harris, president of theAlabama Black Belt Adventures Association, a public-private partnership that promotes outdoor recreation and economic development in the 23-county Black Belt region.

 

more...

 

[al.com]

 

 

 

 


More Foreign Firms Look To Make It In The USA

Oct. 31, 2013

When many Americans hear the word "globalization," they think: "jobs going overseas."

 

And sometimes it does mean just that.

 

But as globalization knits nations closer together, foreign companies increasingly are creating jobs in the United States, not luring them away. Despite the Great Recession, slow recovery and political dysfunction in Washington, the United States remains a top destination for the world's wealth

.

Overseas investors have U.S. assets totaling nearly $4 trillion, including auto plants, banks, mines and more. U.S. affiliates of foreign companies employ about 5.6 million people in this country.

 

more...

 

 

 


Auburn MBA students research 'nearshoring' trend for the state port authority

on October 31, 2013

MOBILE, Alabama -- A group of graduate students at Auburn University are researching the recent uptick in "nearshoring" and how the Alabama State Port Authority might capitalize on the trend.

 

Sometime over the past three years companies disenchanted with the rising cost of labor and unwieldy natural disasters in Southeast Asia began moving facilities closer to the United States. The manufacturing sector once held firm by China has begun to slip away to Mexico, where wages remain low and there is closer proximity to customers in the U.S.

 

Manufacturing analysts say the trend has taken off, too. In the past five years North American companies like Ford, General Electric and Apple have all moved operations back into the U.S. or Central America.

 

more....

 

[al.com]

 

 


Former Birmingham development chief Tracey Morant Adams takes Renasant Bank job

on October 31, 2013 


BIRMINGHAM, Alabama - Tracey Morant Adams, former head of Birmingham's Office of Economic Development, has joined Renasant Bank as senior vice president and small business and community development director, the Tupelo-based bank announced.

 

Adams last week announced that she was leaving her position with the city for a private-sector job.

The bank's eastern division president, Mike Ross, said Adams would help the bank develop its small business and mortgage loan portfolios.

 

"We are thrilled to have Tracey joining the Renasant team," Ross said in a prepared statement.


more...

 

[al.com]

 




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