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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:
What will JeffCo exit mean for economic development?
Airbus Americas president says suppliers will want to move close to Mobile assembly facility, maybe to Montgomery
SHECO to expand local operationPlan will consolidate three plants under one roof at Fosters Ferry Industrial Park
Pilgrim's officials say jobs may not stay in Marshall Co
"What's Working?" Tuscaloosa Co. attracts winning industries, innovators and sports fans
Cummings Aerospace takes 'huge step,' buys 10 acres for new Huntsville headquarters

 


What will JeffCo exit mean for economic development? 

Yann Ranaivo Reporter-Birmingham Business Journal

November 21, 2013

 

After being out of the game for years, Jefferson County will now be able to play a larger role in the metro's economic development efforts.

 

From the business community's standpoint, that's one of the biggest ramifications oftoday's court approval of the county's bankruptcy exit plan.

 

I spoke with Birmingham Business AlliancePresident and CEO Brian Hilson Thursday about how the bankruptcy has affected the region and what it will mean economically for the area's future.

 

"The Jefferson County commission has not been able to financially participate in the economic development process that we normally expect it to be in and needed it to be in ... not because the leadership didn't understand it was issue, or didn't know they weren't needed," Hilson said. "They just didn't have the ability to participate."


more...

 

 


 

Airbus Americas president says suppliers will want to move close to Mobile assembly facility, maybe to Montgomery

By Erin Edgemon | eedgemon@al.com 

on November 21, 2013

 

MONTGOMERY, Alabama -- Airbus Americas President Allan McArtor has been touring Montgomery for the past couple of days as city leaders hope to land suppliers for the airplane assembly facility now under construction in Mobile.

 

"We are delighted to be coming to Alabama," he said, while speaking to a group at the Montgomery Area Chamber of Commerce on Thursday morning. "We are delighted to be coming to Mobile, and to the entire economic region that can support Mobile, of which Montgomery is the most logical, closest and capable to do just that."

 

McArtor said suppliers will want to gravitate toward the assembly facility over time, including European suppliers.

 

more...

 

[al.com]

 

 

 


  

SHECO to expand local operationPlan will consolidate three plants under one roof at Fosters Ferry Industrial Park

By Patrick Rupinski
Business Editor | The Tuscaloosa News
November 22, 2013

Southern Heat Exchanger Corp. (SHECO) plans to expand its plant in the Fosters Ferry Industrial Park and increase its workforce to meet increasing customer demand, the company announced Thursday.

 

SHECO was started in Tuscaloosa in 1961 and makes customized industrial heat exchangers. It has three plants in the Tuscaloosa area and another plant in Houston. It has about 160 employees at the four facilities, including those at its Tuscaloosa corporate office.

 

Brandon Harbin, SHECO's chief financial officer, said the company will consolidate its Tuscaloosa operations at the expanded plant. Employees at its two other local plants will move to the Fosters Ferry plant when the almost $19 million expansion is completed in early 2015, he said. Construction is slated to start in early December.



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[Tuscaloosa News]

 

 

 

 

 

 

 

 


Pilgrim's officials say jobs may not stay in Marshall Co.

By Stephen McLamb

Nov 20, 2013

 

BOAZ, AL (WAFF) -Most of the jobs lost at a Marshall County chicken plant may not be staying in the county. Company officials said much of the jobs will be going to Russellville and Douglas GA.

 

Area leaders said they were told Tuesday by company officials that those jobs would go to Russellville and Guntersville. But in a release issued Wednesday from the company, that is not the case.

 

JBS Pilgrim's plants such as Guntersville could receive some employees, as will other area plants, but company officials said to deal with the Boaz closure, their plans are to expand the plants in Russellville and Georgia.

 

With approximately 1,200 employees, company officials said approximately 100 jobs will be added at those two locations. How many current employees who will find work in Guntersville is unknown.

 

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[WAFF]

 

 

 

 

 

 

 

 


"What's Working?" Tuscaloosa Co. attracts winning industries, innovators and sports fans

By Bettina Boateng 

Nov 21, 2013 

 

Just west of Jefferson County and about one hour and 20 minutes away from Birmingham, you'll find Tuscaloosa County.  With a population of little more than 198,000, the county is second largest county geographically in the state of Alabama.  The county seat is the City of Tuscaloosa which is home to The University of Alabama, a well noted public research university ranked high in sports, academics and service.  In addition to noted academic programs, The University of Alabama is famously known for its championship winning football team who have consistently ranked number one  or among tops  in the popular sport since 2007.  Outside of the City of Tuscaloosa, the county has other municipalities known for pristine rivers, parks and communities which tout southern hospitality.

 

On the job front, the Alabama Department of Labor August 2013data lists the county's unemployment rate at 6.0% which is lower than that state's non-seasonally adjusted rate of 6.7%.  From attracting and retaining major industries such as Mercedes Benz , B. F. Goodrich, and JVC America;  leaders in Tuscaloosa County are working together with entities such as The University of Alabama- Culverhouse School of Business, Small Business Development Center, and the Chamber of Commerce  to create and attract more economic opportunities for individuals and business in the county.

 

more...

 

[www.alabamas13.com]

 

 

 

 

 

 


Cummings Aerospace takes 'huge step,' buys 10 acres for new Huntsville headquarters

on November 22, 2013 

HUNTSVILLE, Alabama -Cummings Aerospace is about to take a huge leap toward a larger role in Huntsville's defense community.

 

After spending the past four years in leased space behind Madison Square Mall, the company has signed a contract to buy 10 acres in Cummings Research Park for a new corporate headquarters. The Huntsville City Council approved the $650,000 deal at its meeting Thursday night.

 

President and CEO Sheila Cummings said the company plans to develop a four-building campus over time with room for as many as 380 employees.

 

Cummings Aerospace currently has 44 employees in the Rocket City to go along with offices in Orlando and Niceville, Fla.

 

Moving to Mark C. Smith Drive in Cummings Research Park is "a huge step for the company," Sheila Cummings told AL.com Thursday night. "We spend a lot of time at work and want to provide a space that allows our engineers to be creative and supports a very balanced work environment."

 

 

  more...

[al.com]

 

 

 




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