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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:
Alabama looking to attract Boeing assembly plant
Drug research among growing economic development areas for Alabama
Sessions tours Wiregrass businesses
Vulcan Inc. nears completion of $18.5 million Foley expansion
America and China Choose me! No, me!
UA System Chancellor Robert Witt selected to lead state's college presidents council

 


Alabama looking to attract Boeing assembly plant 

By PHILLIP RAWLS 
Associated Press
Dec. 4, 2013

BIRMINGHAM, Ala. (AP) -- Gov. Robert Bentley said Alabama will be among the states submitting a proposal next week to build Boeing's new 777X aircraft, and the proposal will stress more than just the money the state is offering.

 

"We are a right-to-work state and that is vitally important," Bentley told a county commissioners' convention Wednesday in Birmingham.

 

Alabama is one of more than a dozen states that received invitations from Boeing to bid on the production of the 777X commercial airplane after Boeing's machinist union members in Washington state rejected a proposed contract that sought concessions on pensions and health care costs.


more...

 

[Pantagraph.com]

 

 

 


Drug research among growing economic development areas for Alabama 

on December 04, 2013

BIRMINGHAM, Alabama - Clinical drug trials and the associated pharmaceutical research and biotechnology industries account for $3.2 billion in annual direct and indirect economic output for Alabama and will be a growing economic development sector for the future of the state, officials said today.

 

A new report from thePharmaceutical Research and Manufacturers of America (PhRMA) details the impact of drug research and clinical trials on the state.

 

Not surprisingly, Birmingham - home to UABSouthern Research Institute,Innovation Depot and a number of medical facilities - has the most active clinical trials in the state. Mobile and Hunstville are also active but so are places like Tuscaloosa, Dothan, Ozark and Muscle Shoals

 

more...

 

[al.com]


 

 

 

 

 


Sessions tours Wiregrass businesses

by Lance Griffin

Dec. 4, 2013

 

The newest addition to the growing aviation focus in the state of Alabama has been getting a lot of attention.

U.S. Sen. Jeff Sessions, R-Mobile, toured Dothan's Commercial Jet facility Wednesday, adding to the list of local, state and federal elected officials to take notice of the business.

 

Sessions also spent time Wednesday at Golden Peanut in Headland, touring the facility and commenting on the importance of agriculture to the Alabama economy.

 

Sessions spent just more than an hour at the Dothan facility Wednesday morning, touring some of the recently renovated hangars, including a state of the art paint hangar that allows airplanes to be fully enclosed inside a hangar while being painted.

 

more...

 

[Dothan Eagle]

 

 

 


Vulcan Inc. nears completion of $18.5 million Foley expansion

on December 04, 2013
 

FOLEY, Alabama - Vulcan Inc. announced Wednesday it has invested more than $18.5 million in its Foley operations in a bid to double the company's aluminum coil and sheet production capacity.

 

"We are bullish on both the growth of the aluminum industry and also expanding in the Foley community. In pursuing this course of growth and expansion, Vulcan will complete the hiring of 60 new positions with comprehensive benefits," said Vulcan Chief Executive Officer Tommy Lee.

 

The revamped facility is slated to be fully operational by January.

 

The project will also "create or maintain hundreds of temporary and supplemental jobs" related to the construction and continued maintenance of the facility as well as "transportation of supplies and finished goods and the residual impact of the expenditures by these employees in the local economy," Lee said.

 

more...

[al.com]

 

 

 


 

 

America and China

Choose me! No, me!

by The Economist

Dec. 4th, 2013  

THOMASVILLE, Alabama seems as far away from China as you can get. Fewer than 5,000 souls live there, and it sits more than 60 miles from the closest interstate highway. This October, though, its mayor was spotted sitting in a pipe-factory canteen in Dalian, a city in north China, eating lunch with the factory's owners.

 

 Sheldon Day was there to drum up investment. Two years ago he convinced another Chinese company, which makes copper tubes, to build its first American factory in the county next door. The plant will create around 300 jobs when it opens next year. Mr Day wants more.

 

He plays up his town's smallness. "If you want attention to your company, some real bang for your buck, Thomasville is on your side," he declares. If an investor were to set up in town, he could walk into the local grocery and a granny would give him a pat on the back. "The community has been very supportive-they've accepted our Chinese friends with open arms."

 

Mayors like him are streaming into China to tell potential investors how welcome they would be. In 2007, on average, an American mayor touched down every two months. By 2013, it was one every ten days. In October that average rose to one every three days as mayors from Kokomo, Indiana to Portland, Oregon flew in to sell their cities.

 

more...

 

[The Economist]

 

 

 

 

 

 

 


UA System Chancellor Robert Witt selected to lead state's college presidents council

on December 04, 2013

MONTGOMERY, Alabama -- University of Alabama System Chancellor Robert Witt has his work cut out for him if he hopes to restore state funding for public education lost during the economic downturn.

 

Voting unanimously today in a meeting at Troy University Montgomery, the Alabama Council of College and University Presidents selected Witt as its new chairman for the coming year.

 

Witt replaces Auburn University Montgomery Chancellor John Veres III as chairman of the council that is tasked with recommending budget requests for Alabama's two-year and four-year public colleges and universities.

 

more...

 

[al.com]


 

 

 

 

 

 




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