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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:
Hancock Bank to bring 200 jobs to Montgomery with new corporate center
Technology Service Corporation consolidates offices in Research Park facility, plans to add 50 new jobs next year
Mobile Chamber fills key economic development posts with familiar faces
Gov. Bentley Meets With Japanese Trade Official
Eufaula Chamber requests $18K plus for Advantage Site
Tooling study: Capacity won't support projected auto launch demand

 


Hancock Bank to bring 200 jobs to Montgomery with new corporate center

on November 12, 2013 

MONTGOMERY, Alabama -- Hancock Bank is opening a new corporate center in Montgomery and bringing 200 jobs.

 

Company officials announced today that 100 of the jobs will be new to the company and Hancock is already recruiting for positions in loan and depositing operations. The positions will be filled over the next 12 months.

 

"Hancock Bank was founded to help create opportunities for the people and communities we serve," Ron Milliet, Hancock's chief information officer and the technology executive who oversees many operations divisions, said. "Establishing a corporate hub at the Capitol Commerce Center enables Hancock to center key positions in one of the state's most dynamic regions and to help stimulate more economic opportunity for Central Alabama and its citizens.

 

 more...

 

[al.com]

 

 


 

Technology Service Corporation consolidates offices in Research Park facility, plans to add 50 new jobs next year 
on November 13, 2013 

HUNTSVILLE, Alabama - During a time when many companies are tightening the purse strings, President and CEO Michael Syracuse said it was an easy decision for Technology Service Corporation to invest in a newly-renovated facility in Cummings Research Park.

 

The company, which held a ribbon cutting at 310 Voyager Way on Tuesday afternoon, came together with local officials and employees to observe the consolidation of the company's offices in Huntsville and discuss future growth in the Tennessee Valley.

 

"Our industry is going through a lot of transitions: budgets, sequestration and uncertainty about programs," he said. "... But in Huntsville, there's a talented workforce, primarily scientists and engineers, that are in proximity to customers with real problems, so it just makes sense to us."



more...

 


 

Mobile Chamber fills key economic development posts with familiar faces
on November 12, 2013 

MOBILE, Alabama - The Mobile Area Chamber of Commerce has promoted Christina Stimpson to director of international trade and named Jana Stupavsky a senior project manager.

 

Stimpson, who previously served as manager of the division, said she intends to actively promote the chamber's role in international trade and help boost awareness of the assistance available.

 

"No company is too small to go global," said Stimpson. She replaces Tony van Aken, who retired in summer 2013.

 

In addition to sponsoring myriad trade promotion workshops throughout the year, the chamber's international trade division hosts several trade missions annually to strong and emerging economies for Alabama products, helping local businesses break into and expand sales in foreign markets.

 

more...

[al.com]

 

 


Gov. Bentley Meets With Japanese Trade Official

November 12, 2013

Alabama Gov. Robert Bentley's first day in Japan included a meeting with a trade official.

 

A spokesman for the governor said he talked with Hiroyuki Ishige, the chairman and CEO of the Japan External Trade Organization. The group works to promote trade and investment. Bentley gave him a pen crafted from a dogwood tree downed by the April 2011 tornado in Tuscaloosa.

 

Bentley's work with Japanese business leaders won't end when he returns to Alabama on Friday. A spokesman said the governor will be in Biloxi, Miss., for the annual Southeastern U.S.-Japan Association conference Nov. 17-19.


 

more...

 

 

 


Eufaula Chamber requests $18K plus for Advantage Site

By Anastasia Scarborough

November 12, 2013

 

The Eufaula Barbour County Chamber of Commerce requested $18,500 of the Barbour County Commission last Tuesday to fund an Alabama Advantage Site in the Lakepoint Industrial Park on Highway 431 North.

 

Richard Hutto, Chamber vice president, told commissioners that Alabama Power would provide a matching $10,000 toward the site which could cost approximately $28,500.  Chamber economic development director Jim Bradley previously stated certifying a 30-acre area in the park as an Advantage Site by the Economic Development Partnership of Alabama could draw business and much-needed jobs to the county.

 

"There are less than 50 sites in Alabama that are Advantage Sites," said Hutto Tuesday. "Yet it is imperative that this county should be able to offer quality sites to prospective industries. Recently, an Asian firm exploring (the Wiregrass) for a place to settle, only looked at Advantage Sites."

 

more...

 

[EufaulaTribune.com]

 

 


Tooling study: Capacity won't support projected auto launch demand

By Rhoda Miel

Staff Reporter

Published: November 5, 2013 
 

NOVI, MICH. - The North American tool and die industry supporting the auto industry is made up of about 750 individual shops, mostly in the U.S. and Canada, which produced a combined $9.25 billion worth of tooling in 2012.

 

But with the North American auto industry ramping up for new products and more vehicles, those shops will soon have to support an estimated $15.2 billion worth of tooling demands, according to a new 10-month study by Harbour Results Inc.

 

That means increased pressure on tooling firms, suppliers and automakers alike.

 

"That's a huge gap," Laurie Harbour said during an Oct. 31 press briefing in Novi on the results of the study. "You're looking at a $6 billion capacity gap, and that's serious for everyone."

 

more...

 

[Plastics News]

 




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