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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:
Reaction: Boeing's plan to establish $6M research center is 'huge shot in the arm' for Madison County
SRI's Tipton, UAB's DeLucas and Briles named NAI Fellows
Virginia College launches trade program with HVAC curriculum introduced at Birmingham campus
Small Business, Big Opportunity in Dale County
Governor Robert Bentley Speaks In Butler Co
Existing Industries Create 313 Jobs in 2013
Daxko introduces Well social network
MedSnap, health tech built in Birmingham, lands major business partnership
Kirchner Group Plays Important Role to the Alaska Permanent Fund in the Juno Therapeutics Inc. Transaction

 


 

Reaction: Boeing's plan to establish $6M research center is 'huge shot in the arm' for Madison County

on December 12, 2013 


HUNTSVILLE, Alabama - Boeing's decision to launch a $6 million research and technology center and bring between 300 and 400 high-paying engineering jobs to Madison County represents a new era of "technological depth in Huntsville," Mayor Tommy Battle said Thursday afternoon.

 

The research center is a separate project from Boeing's next-generation 777X production line, which at least 15 states, including Alabama, are currently competing to land, according to Greg Canfield, secretary of the state Department of Commerce.

 

Battle, one of several local and state leaders to work on a proposal to lure Boeing's 777X mega-plant that would potentially bring up to 8,500 jobs to Huntsville, said Thursday's announcement is "further validation of Boeing's continued investment in our city."

 

"The program reaffirms our dedication to the (Science Technology Engineering and Mathematics) disciplines we teach in our schools that will prepare students for the future workforce," he said.


more...

 

[al.com]

 


 

 

 

 

 

 

 


 

 

 SRI's Tipton, UAB's DeLucas and Briles named NAI Fellows

on December 12, 2013 
 
 

BIRMINGHAM, Alabama - Art Tipton, chief executive of Southern Research Institute, and UABresearchers Larry DeLucas and David Briles have been named Fellows of the National Academy of Inventors for the 2013 class.

 

Tipton, who was named CEO of SRI earlier this year, has 31 issued U.S. patents, 22 published U.S. patent applications and numerous foreign equivalents, with more than 70 presentations and publications. A 25-year veteran of the pharmaceutical and biotech industry, Tipton participated in three start-ups, including SRI-spinoff Brookwood Pharmaceuticals.

 

Tipton serves on multiple boards including the Controlled Release Society, the Birmingham Venture Club, the Economic Development Partnership of Alabama Foundation, and the Biotech Association of Alabama(BioAlabama).

 

more...

 

[al.com]

 

 

 

 

 

 

 

 

 


Virginia College launches trade program with HVAC curriculum introduced at Birmingham campus

on December 12, 2013 


BIRMINGHAM, Alabama -Virginia College in Birmingham is branching out to add its first trade industry course, with students now able to earn certification or even a degree in heating, ventilation, air conditioning and refrigeration (HVAC-R).

 

The school has invested $800,000 to establish and equip the new program with a range of the most basic furnace and air conditioning systems to those controlled by wifi and smart phone apps. The 6,000-square-foot school will be part of the Virginia College campus in the Palisades shopping center at 488 Palisades Blvd.

 

"The students will have top-notch training and be very employable," said Elijah Blanchard, the dean of trade programs for Virginia College and a state-certified contractor. "I feel like we are going to have the best-trained students to come out of any program like this in Alabama."

 

more...

 

[al.com]

 

 

 

 

 

 


 

 
Small Business, Big Opportunity in Dale County
Dec. 12, 2013

OZARK -- Some people have put countless hours into a small business they might manage out of their homes or garages. For those in Dale County that are looking to expand but may not have the finances to compensate, have an option in Dale County.

The Ozark Technology Center for Developing Industry offers offices and manufacturing spaces to small businesses at low rates. This allows them to cut down on the cost of rent and electricity. A traditional office at the technology center is priced around $150 per month.

 

The Ozark-Dale County Economic Development Director said it is a stress relief for businesses.

"It's got a little bit of everything for them to have a good foundation when they're in those first few years of their business," Executive Director Eric Basinger said.


more...

 

wtvy.com ]

 

 


 

Governor Robert Bentley Speaks In Butler Co.
By Amanda Wade

Dec 12, 2013 

 

Governor Robert Bentley was the key speaker at Butler County's 2nd Annual Industry Appreciation Luncheon and he says expanding industry starts with education.

 

The Butler County Commission for Economic Development honored employers to thank them for bringing jobs to the county. And Bentley says this year, Alabama has focused on a relationship between business, industry, and education, "We can not expect new companies to come, we can not expect you as companies to expand, if you can't have either a trained or trainable worker." 

 

With programs like career coaching, Butler County is preparing students for the workforce starting as early as ninth grade.

 

Bentley says in 2014, the Governor's Office is going to make sure that new businesses will have a trainable workforce, to encourage new industry in rural counties, "Make sure that our high schools are prepared as far as equipment that may be needed for workforce training."
 

more...

 

[waka.com]

 

 


Existing Industries Create 313 Jobs in 2013

Dec. 11, 2013

 

Following their Board meeting this week, the Chambers County Development Authority released an economic breakdown of 2013 for Chambers County and the report shows that existing industries have created 313 new jobs over the past year. Though no new industries were announced, the current ones invested more than $220 million in 2013. There were six industry expansions, one restart and one rebuild.

 

CCDA Executive Director Valerie Gray noted that keeping industry is just as important as bring industry into the county, saying, "it's a marathon, not a sprint."

 

She said that the CCDA, which employs a small staff of three, with only two recruiters, is currently working 36 active projects, including 22 industrial, eight retail and six commercial. And in 2013 the Development Authority funded five Small Business Grants to locally owned businesses in the amount of $25,000.

 

For the CCDA, the year got off to a good start in February when Industrial Service & Supply in Huguley announced an expansion with a $1.9 million capital investment and the creation of four new jobs.

 

In April, the CCDA made a big announcement about Knauf Insulation. The company will reopen their Huguley fiberglass operation, which closed in June of 2011. Knauf will invest $49 million and create 144 jobs.


 

 

 


 


Daxko introduces Well social network
 Yann Ranaivo Reporter-Birmingham Business Journal
Dec. 12, 2013

Daxko is trying to pass its culture on to other companies.

I visited the software firm's offices earlier this week to learn about Well, a fitness-centered social network of sorts developed within Daxko. Using data logged into fitness apps such as Jawbone, Well displays its users' activities on a feed and allows the creation of leader boards and groups centered on certain activities, among other functions.

 

Austin Merritt, Well's head of strategy and customer success, told me that Well was developed with the intention of creating communities within companies that would aim to improve productivity and collaborations among employees.

 

"The only way to drive engagement is to connect people with each other," Merritt said.

 

more...

 

[Birmingham Business Journal]

 

 

 

 


 

 MedSnap, health tech built in Birmingham, lands major business partnership

on December 12, 2013

VIVA Health care managers across the state of Alabama will soon begin using MedSnap ID, a prescription drug recognition tool built in Birmingham's Innovation Depot, to improve care.

MedSnap is a mobile application that uses a smartphone's camera to quickly identify a medicine being taken by a patient. The app can be used to build patient histories, and identify potential interactions between drugs. 

This week, VIVA Health announced that it would be adopting MedSnap technology into its own care provision system. VIVA offers private Medicare plans in 24 Alabama counties, and is licensed to sell employer group health coverage in 45 counties. It serves 40,000 Medicare members, and 55,000 individuals covered by employer insurance.

more...

 

[al.com]

 

 

 


 

Kirchner Group Plays Important Role to the  Alaska Permanent Fund in the Juno Therapeutics Inc. Transaction. 

 

Kirchner Group is pleased to announce that it acted as an advisor on structure and due diligence to the Alaska Permanent Fund in the Juno Therapeutics Inc. transaction.

Juno was founded with a $120M initial investment, which is among the largest fully committed Series A for a biotech startup in history.


Fred Hutchinson Cancer Research Center, Memorial Sloan-Kettering Cancer Center and pediatrics partner, Seattle Children's Research Institute, joined together to launch Juno Therapeutics Inc. Juno will develop a broad pipeline of potentially revolutionary cancer immunotherapy products. Initial investors include leading technology venture capital firm ARCH Venture Partners and the Alaska Permanent Fund, through a partnership managed by Crestline Investors.

A copy of the press release announcing the formation of Juno Therapeutics Inc. can be read at their

website

About Kirchner Group  

The Kirchner Group has provided traditional merchant banking services since 1985. The Company provides operational and transactional support to companies and asset management services for institutional investors. Kirchner Group's proprietary platform is built on the premise that pairing deep domain expertise with process experts provides superior results. Our clients and partners range from promising entrepreneurs to Fortune 500 companies and their investors. Kirchner Group also manages assets for some of the largest insurance companies, commercial banks and institutional investors in the world. www.kirchnergroup.com

 

 


 




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