EDPA NewsFlash

 

home       about edpa        relocation     resources for     resources for     entrepreneurship &
                                          assistance     companies        communities            technology    

 

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:
Out of the lab, into the marketplace: Coastal Innovation Hub aims to jumpstart region's technology sector
Timing, talent key to Coastal Innovation Hub's debut
Cost of the Riverchase Galleria's redevelopment to top $100 million; more new stores on the way
Anniston wants developer to spur growth; Other Alabama cities benefit from full-time economic recruiters
Tourism bureau chief: South Baldwin County to break tourism record for third straight year

 


Out of the lab, into the marketplace: Coastal Innovation Hub aims to jumpstart region's technology sector

on November 01, 2013 

MOBILE, Alabama - The University of South Alabama will soon help aspiring entrepreneurs bridge the gap between innovation and profitability with the grand opening of the Coastal Innovation Hub.

Not unlike other incubator environments, the10,000-square-foot facility will offer technology-centered startups affordable office space, laboratories, conference rooms, professional services, on-site consulting and access to myriad other professional networking resources.

 

Director Mark Weaver said the true selling point, however, will be the hub's ability to leverage the university's expertise for tenants' benefit while acting as the "official hand-holders" at all levels of the commercialization process.

 

more...

[al.com]

 

 


 

Timing, talent key to Coastal Innovation Hub's debut
on November 01, 2013

MOBILE, Alabama - With the Coastal Innovation Hub poised to whisk innovation out of the lab and into the marketplace, the question remains: Why is Mobile so late to the party?

 

Lynne Chronister, the University of South Alabama's vice president for research and economic development, attributed the seemingly delayed reaction to a confluence of factors.

 

"I think it was a time and place thing. The state did what it needed to do to raise Alabama's profile as a strong and attractive place to do business, and that goal has been met. Now, it's time to refocus those efforts," she said.

 

 more...

[al.com]

 

 

 

 

 


 

Cost of the Riverchase Galleria's redevelopment to top $100 million; more new stores on the way

on November 04, 2013 

HOOVER, Alabama - The price tag of a major redevelopment of the Riverchase Galleria has already reached $100 million, and that cost is expected to climb as more new stores join the mall's lineup.

 

On Saturday, Davenport, Iowa-based Von Maur marked the grand opening of its first Alabama department store at the mall. The company is looking at putting additional stores in the state and is particularly interested in Huntsville. 

 

At the Galleria, Von Maur is a key part of the redevelopment. Construction kicked off last year, and workers are finishing up the aesthetic improvements, which include upgrades to parking decks, restrooms, entrances, landscaping and furnishings.


more...

[al.com]

 

 

 


 

Anniston wants developer to spur growth; Other Alabama cities benefit from full-time economic recruiters
By Patrick McCreless
Nov 01, 2013
 
Closed up, empty storefronts are are common in Anniston. The defense industry, a long-time staple of the city's economy, has dwindled in recent years due to federal budget cuts and the end of the Iraq war. 

The Anniston City Council is considering hiring a full-time economic development consultant to help revitalize the city by bringing in retail and commercial business, creating jobs and tax revenue in the process. Leaders from other similarly sized Alabama cities with their own in-house economic developers say such personnel have been a boon for their municipalities - crediting them with luring millions of dollars in investment and creating hundreds of jobs to their regions in recent years. 

During its last October meeting, the council gave City Manager Brian Johnson permission to search for an economic development consultant. Mayor Vaughn Stewart said the plan is to use a consulting firm on a temporary basis before having a full-time, in-house consultant by May. Stewart said as far as he knows, Anniston has never had a full-time economic developer.

more...

 

 


Tourism bureau chief: South Baldwin County to break tourism record for third straight year

on November 01, 2013 

GULF SHORES, Alabama -- In 2012, 5.3 million people chose to vacation in south Baldwin County, spending $2.9 billion. That's over 4 million visitors and $100 million more than 2011, and now 2013 is poised to go a step further.

 

The beach cities will rake in an estimated $343 million in lodging rentals this year, up from $323 million in 2012 and $280 million in 2011, according to Gulf Shores and Orange Beach Tourism figures. Retail sales are expected to top $670 million.

 

"That's back to back to back record years, so how 'bout a big cheer for that," Herb Malone, president and CEO of the tourism bureau, said to more than a hundred business and community leaders Friday at the Coastal Alabama Business Chamber's monthly breakfast meeting at LuLu's at Homeport Marina.

 

more...

 

[al.com]

 




Please feel free to forward along to someone who can use it by clicking on the "I'd like to forward this to a contact" link below the green bar. Note also, that you can now make changes to your e-mail address and contact information through the link at the bottom.    
 
If you have news or suggestions, please forward them along to me.
 
Enjoy the day, 

Val Walton
   
Join Our Mailing List