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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:
Job fair held for more than 1,100 workers who will lose jobs when International Paper closes
Gov. Robert Bentley tells oil and gas compact strong energy supply helps recruit new job
AU business incubator spurs growth
Brasfield & Gorrie starts $5 million in Birmingham construction projects
Output at Hyundai's Alabama plant is up 14 percent this year
Huntsville-based CFD Research sells aircraft engine technology patent to Rolls Royce
Kirchner Group along with HMP Communications announce success of Inaugural Business of Wound Care Meeting

 


Job fair held for more than 1,100 workers who will lose jobs when International Paper closes

on November 06, 2013 

COURTLAND, Alabama - The more than 1,100 employees of International Paper who will lose their jobs when the plant closes after the first of the year will have the opportunity to talk with prospective employers at a job fair Thursday and Friday.

 

International Paper will hold a job fair open only to employees of the Courtland mill at Courtland Baptist Church at 615 Tennessee St., according to mill spokesperson Laura Gipson. Employees will be asked to show their badges before entering the fair, which will be open from 1 to 8 p.m. each day.

 

Gipson said after the announcement of the mill closure, many local and regional companies expressed interest in recruiting IP employees.


more...

 

[al.com]


 

 

 


 

Gov. Robert Bentley tells oil and gas compact strong energy supply helps recruit new job
Nov. 5, 2013

 

MONTGOMERY, Alabama - Alabama Gov. Robert Bentley concluded his yearlong chairmanship of the Interstate Oil and Gas Compact Commission Tuesday and introduced Mississippi Gov. Phil Bryant as his replacement.

 

The compact is a multi-state agency that advocates for environmentally-sound methods of increasing the supply of energy in the United States.

 

Bentley finished up his term as chairman with an address at the organization's annual meeting in Long Beach, California in which he talked about the compact's accomplishments over the past year.

 

The goal of the compact is to keep oil and gas regulation within the states while working for responsible energy policies.

 

more...

 

[dailyjournal.net]

 

 

 


 

AU business incubator spurs growth 

Kristen Oliver | Opelika-Auburn News |

Updated:  Nov 5, 2013. 

 

Located in the Auburn Research Park, the ABI is a full-service business incubator for early- stage companies. Managed by the Auburn Research and Technology Foundation, the incubator provides these companies with office space, conference rooms and a network of services from the university.

 

"It's not a real estate operation, so it's not about leasing cheap space and staying as long as you want," said Dr. John Weete, executive director of the Auburn Research and Technology Foundation (ARTF.) "... The earlier stage the company is in, the better. The criteria include whether or not they need our services or do they just need a space."

 

Services provided by the ABI include not only office and conference room space, but teleconferencing availability; receptionist assistance; equipment including a copy machine, fax machine and scanner; educational and informational programs; and a business mailbox.

 

 more...

 

[Opelika-Auburn News]

 


Brasfield & Gorrie starts $5 million in Birmingham construction projects

on November 05, 2013 

BIRMINGHAM, Alabama -Brasfield & Gorrie has started work on $5 million in new construction projects in the Birmingham area.

 

Brasfield & Gorrie is building the $3 million, 69,000-square-foot offices for Hardy Corp., a mechanical contracting company, at 350 Industrial Dr.Hardy is relocating its offices from 430 12th St. South to make way for the ever-expanding UAB campus.

 

Brasfield & Gorrie has also started the $2 million second phase of St. Vincent's East's 16,900-square-foot renovation of the hospital's labor, delivery, recovery and postpartum facilities. The construction firm completed a 7,800-square-foot renovation of the hospital's fourth floor earlier this year. 

 

more...

 

[al.com]

 

 


Output at Hyundai's Alabama plant is up 14 percent this year

on November 05, 2013

MONTGOMERY, Alabama -- Hyundai's Alabama auto plant produced 37,593 vehicles in October, bringing its total output for the year so far to 347,535.

 

That's a 14 percent increase over the first 10 months of 2012.
 

Last month, Hyundai's Montgomery workers built 22,138 Sonata sedans and 15,455 Elantra compacts. The vast majority were for the U.S. market, although some were for Canada and Puerto Rico.

 

more...

[al.com]

 

 

 

 

 

 


Huntsville-based CFD Research sells aircraft engine technology patent to Rolls Royce

on November 05, 2013

HUNTSVILLE, Alabama -- Huntsville-based CFD Research Corp. has closed a deal with United Kingdom-based Rolls Royce Ltd. to sell the jet-engine maker its patented "lean burn" aircraft engine technology which reduces engine emissions.

 

The deal closed Friday, terms were not disclosed.

 

CFD Research, which develops and commercializes cutting-edge technologies for aerospace, biomedical, energy and other markets, had licensed the patents to Rolls Royce for several years and the world renowned engine-maker used the technology in its testing programs. Last year the company entered negotiations to sell the patents to Rolls Royce.

 

 

more...

 

[al.com]

 

 

 

 

 


 

Kirchner Group along with HMP Communications announce success of Inaugural Business of Wound Care Meeting  

 

 Birmingham, Alabama - 6 November 2013 - The Kirchner Group, a leading North American traditional merchant bank and HMP Communications, a leader in healthcare communications and education are pleased to announce the success of the inaugural Business of Wound Care meeting held in Las Vegas this past September.


This one-day program brought together over 75 entrepreneurs, companies and investors in the wound care space. Nine early-stage wound care companies presented to investors as well as wound care industry C-suite executives, business development professionals and marketing personnel during the program. The presenting companies included: SironRX Therapeutics, MobileHealthWare LLC., Leaf Healthcare Inc., Cytomedix Inc., WoundZoom Inc, HealthOne Alliance, MXBioDevices, LLC, Functional Technology, LLC and Kent Imaging, Inc.

"The Kirchner Group was formed because we believed there was a better way to help small and medium sized businesses and the feedback from attendees of this event seems to really validate our model," stated Bud Kirchner, Founder and CEO of Kirchner Group. "Being able to bring the experience and knowledge of our Health and Life Science group to wound care entrepreneurs and investors in a forum like this is an integral part of what differentiates us from other groups."

The unique design of the BWC program included sections on: The Future of Wound Care Technology, Public Policy, Investor and CEO Roundtables and Early-Stage Wound Care Company presentations.

HMP Vice President, Group Publisher, Wound Care Division, Jeremy Bowden said, "We are extremely encouraged by the success of our inaugural Business of Wound Care program and based on the overwhelmingly positive response from all the various participants - presenters, investors, CEOs - plan to continue with the second BWC meeting next year. It will again be presented in tandem with the first day of the SAWC Fall meeting in Las Vegas on Thursday, October 16, 2014." Bowden continued, "Many of my C-Level wound care clients have circled this date on their calendars and will be bringing more of their business development team members to sit in for the early-stage wound care company presentations. We at HMP Communications are selfishly excited to see these unique wound care technologies become commercialized and/or acquired as they are the lifeblood to keeping our industry growing." 

"Since Kirchner Group and HMP launched the Business of Wound Care initiative earlier this year we have been very pleased with the escalating response from entrepreneurs, investors, key opinion leaders and industry. We are especially pleased with the turnout for the conference in Las Vegas, and the overwhelmingly positive evaluations from the audience. One participant commented that they had learned more than any other meeting they had been to in a long time and another that they got great insight into what investors are looking for," said Patrick McNees, Kirchner Group Managing Partner, Health and Life Science. He went on to say, "Since wound care is one of Kirchner Group's primary focus areas, we feel our partnership with HMP offers an unprecedented opportunity to meet the needs of both the business and investment communities."

 

For more information contact:


Patrick McNees
Managing Partner
Kirchner Group
Health and Life Sciences
+1 205-789-7426
pmcnees@kirchnergroup.com
   
 

 


 

 

 

 

 

 




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