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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:
Mayor Stimpson: Mystery company 'the kind of business every community would love to have'
Foley's UTC Aerospace Systems showcases aerostructures on U.S. Sen. Richard Shelby's statewide jobs tour
City renews $175,000 contract with Chamber of Commerce
Cook museum to get $7 million downtown home
Austal launches USNS Fall River, now preparing for sea trials
Investing in state's future workforce
B L Harbert to build $12 million Alabama Aircraft Support facility in Enterprise
Join us Friday for our first pitch event for Round 3 of the Alabama Launchpad Start-Up Competition
Gov. Robert Bentley and other officials to welcome new automotive-related industry in northwest Alabama

 


Mayor Stimpson: Mystery company 'the kind of business every community would love to have'

on January 21, 2014

MOBILE, Alabama - Mobile will welcome a new enterprise this afternoon, but economic development officials remain tight-lipped ahead of the scheduled 2 p.m. announcement.

 

"It's a very exciting project because it's the kind of business every community would love to have.

 

 I won't say much more now except that it is great news because it is going to help us bring our young people home, and keep them from moving away," Mobile Mayor Sandy Stimpson told AL.com.

 

more..

 

[al.com]

 


Foley's UTC Aerospace Systems showcases aerostructures on U.S. Sen. Richard Shelby's statewide jobs tour

on January 20, 2014 

FOLEY, Alabama - Southwest Alabama's aerospace sector shone brightly Monday as U.S. Sen. Richard Shelby, R-Tuscaloosa, got a firsthand glimpse at Baldwin County's largest manufacturing employer.

 

UTC Aerospace Systems in Foley hosted the vice chairman of the U.S. Senate Appropriations Committee on the seventh stop of his statewide jobs and industry tour. Shelby plans to visit a business in each of Alabama's 67 counties.

 

"We're very proud of our operations in Foley and were delighted to show (Shelby) what we accomplish daily with a dedicated team committed to continuous improvement," said Marc Duvall, president of UTC's aerostructures division.

 

more...

 

[al.com]

 

 


City renews $175,000 contract with Chamber of Commerce

By Jason Morton
Staff Writer
January 19, 2014 

Last year's experiment to allow the Chamber of Commerce of West Alabama to handle City Hall's economic development functions satisfied city officials well enough to try it again.


The City Council unanimously approved renewal of the $175,000 contract with the chamber last week after a presentation by chamber President and CEO Jim Page on the accomplishments that the agreement achieved.

 

"We are very proud of the work that's been done over the past year," Page said.

 

From the hiring of Retail Strategies, a Birmingham-based consulting firm that performs market research, analysis, strategic planning and retail recruitment services for cities across the country, to the growth of The Edge business incubator, Page said the efforts of the chamber have led to about 30 business projects in the works for a total community investment of $127 million. 

 

more...

 

[Tuscaloosa News]

 


 


Cook museum to get $7 million downtown home

By Eric Fleischauer Staff Writer 

Jan. 20, 2014

 

An expanded Cook Museum of Natural Science, which will move to downtown Decatur, is expected to attract 200,000 visitors a year, its president said Monday.

 

The nonprofit museum, to be located on two acres at the vacant CarQuest Auto Parts store site at Lee Street Northeast and Fourth Avenue, will include dozens of hands-on displays, said Brian Cook, president of the museum and chief administrative officer of Decatur-based Cook's Pest Control Inc.

 

"We don't want this to be a place where you just walk through and observe," Cook said.

 

The Cook family said it is investing $7 million in the 35,000-square-foot facility, with an expected opening in late 2015. Cook also introduced the new executive director of the museum, Schelly Corry, who most recently worked for the Perot Museum of Nature and Science in Dallas.

 

more...

 

[Decatur Daily]

 

 


Austal launches USNS Fall River, now preparing for sea trials 

on January 18, 2014 

MOBILE, Alabama -- Austal completed the launch process for the USNS Fall River on Friday, the fourth joint high speed vessel to be built at the Mobile shipyard.

 

The 338-foot-long catamaran, which is part of a $1.6 billion program to build ten of the ships for the U.S. Navy, was floated onto the Mobile River while sitting on a deck barge. It was moved south to BAE Systems' Southeast Shipyard, where it was transferred to their drydock and brought back to Austal.

 

USNS Fall River, which was christened at a ceremony last week, will remain at Austal until later this year until sea trials and delivery to the Navy.

 

more...

 

[al.com]

 


Investing in state's future workforce

January 19, 2014 

 

If a young person's goal is to live a hardscrabble life of poverty, he or she can get a head start by dropping out of high school.

 

Too often that has been the case in bottom-rung states such as Alabama, which suffer from high rates of poorly educated and poorly paid residents.

 

"If individuals do just three things - finish high school, work full time and marry before they have children - their chances of being poor drop from 15 percent to 2 percent," Brookings Institution economist Isabel Sawhill has written.

 

Liberal newspaper columnist Cynthia Tucker pointed out in a recent column that Sawhill's statement is an oversimplification of poverty, but at the same time acknowledged its truth.

 

The lack of a high school diploma often leads to poverty for an individual and a financial burden for society as a whole.

 

That is why the state and local graduation rates released last week bring such encouraging news. State Superintendent Tommy Bice said Alabama increased its graduation rate to 80 percent in 2013, up from 75 percent in 2012 and 72 percent in 2011. The new national rate is not yet available.

 

more...

 

[Decatur Daily]

 


B L Harbert to build $12 million Alabama Aircraft Support facility in Enterprise

on January 17, 2014

BIRMINGHAM, Alabama - Birmingham's BL Harbert International is building the new $12 million aircraft maintenance hangar facility for Brightwater Aviation Properties in Enterprise.

 

BL Harbert is working withBarge Waggoner Sumner & Cannon Inc., which designed the project. Alabama Aircraft Support will operate the facility, creating up to 200 jobs, to repair and maintain helicopters and other small aircraft.

 

The main building will house a production floor, logistics and workshop space along with administrative offices. A separate paint building will also be built on the site, which will also include a defueling and wash area, two helicopter landing pads, aprons and parking areas, along with a taxi-way connection to the main airport.

 

The project is slated to be finished in October.

 

 more...

[al.com]

 

 

 



 


 

 

Join us Friday for our first pitch event for Round 3 of the Alabama Launchpad Start-Up Competition.

 

Watch 12 teams each make a 10-minute presentation to our judges in hopes of advancing to the next stage of the competition. 

 

 The pitch event will be held at Evonik Corp., 750 Lakeshore Parkway, in Birmingham.

 

See firsthand the exciting ideas our aspiring entrepreneurs from across the state will share.   

Your support and participation is vital for our efforts to help lead Alabama's commercialization efforts and to create new jobs and companies.  

 

We look forward to seeing you there!

 

Click here for more info.

 

 

 



 

Gov. Robert Bentley and other officials to welcome new automotive-related industry  in northwest Alabama  on Jan.  27

 

 

 

 

 


 




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Enjoy the day, 

Val Walton
   
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