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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:
New industry, 25 jobs coming to Childersburg
UWA receives investment for new automotive technician program
Chilton County receives first AdvantageSite designation
Logan: Bassmaster Classic will have $20 million economic impact on Birmingham, region
Rogers tours KwangSung to learn about industrial job creations
Leaders to gather in Huntsville for ribbon cutting of $2.7M GE Intelligent Platforms expansion
Networking, insight on breakfast menu
Round 3 of the Alabama Launchpad Start-Up Competition begins tomorrow for aspiring entrepreneurs

 


 

New industry, 25 jobs coming to Childersburg
By Bill Kimber
Jan 22, 2014  

CHILDERSBURG - Construction will begin soon on an oil re-refinery that will open in the Childersburg Industrial Park in mid-2015, the company announced Wednesday.

Alabama Green Lubricants (AGL) announced that it has completed the debt financing phase for its 32 million gallon per year re-refining project in Alabama, which is expected to cost $49 million to build and will employ 25 people at full employment.

"There are over a billion gallons of used motor oil collected in United States each year, and of that, only about 20 percent is recycled," said John Redmond, president of AGL. "The balance gets burned as fuel. By bringing it back into a plant such as ours, we can remove the contaminants and sludge and return it to base oil, which is the fundamental building block of oil lubricants."

Redmond said motor oil is generally 90 percent base oil and 10 percent additives.

more...

 


UWA receives investment for new automotive technician program

By Matt Cole

January 22, 2014


The University of West Alabama will receive a $100,500 investment from the Delta Regional Authority to purchase equipment in a new automotive technician program.

 

Delta Regional Authority Alternate Federal Co-Chairman Mike Marshall gave UWA its notice to proceed to purchase state-of-the-art equipment for trainees in the Mercedes-Benz Automotive Technician Program. The program will allow trainees from west Alabama to acquire the necessary skills and technical knowledge to meet the entry-level requirements of employment in the automotive field.

 

"Building a well-trained workforce is a crucial part of sustaining this region's economy," Marshall said. "Equipping the west Alabama workforce with the skills needed to work in the automotive industry will allow them to gain good-paying jobs close to home."

 
more...

 


Chilton County receives first AdvantageSite designation

on January 22, 2014 

Chilton County Business Park has received the AdvantageSite designation, a first for the central Alabama county.

 

The designation means the property has met a certain set of criteria related to size, zoning, accessibility, infrastructure and other factors. It is geared toward having prepared sites for industrial prospects.

The 64.5-acre Chilton County Business Park is south of Clanton.

 

Central Alabama Electric Cooperative, the Chilton County Industrial Development Board and Sain Associates worked together to get the designation for the property, said Fred Crawford of the IDB.

 

more...

 

[al.com]


 


Logan: Bassmaster Classic will have $20 million economic impact on Birmingham, region

on January 22, 2014 

BIRMINGHAM, Alabama - Don Logan said the Bassmaster Classic should have at least a $20 million economic impact on Birmingham, Lake Guntersville and other parts of the state when the Super Bowl of fishing tournaments takes place here next month.

 

Logan, after he, Jim Copeland and Jerry McKinnis purchasedBASS LLC from ESPN in 2010, relocated the corporation's headquarters from Celebration, Fla., to Birmingham. Logan told the Rotary Club of Birmingham he moved the headquarters to Birmingham "where it belongs because it's the center of the bass fishing universe."

 

The headquarters move brought the company's Bassmaster, BASS Times andFishing Tackle Retailer magazines and online operations; the Bassmaster Elite Series and Bassmaster Classic fishing tournament tours; sales management positions; tournament management jobs; and corporate executive positions to Birmingham.

 

more...

[al.com]

 

 


 Rogers tours KwangSung to learn about industrial job creations

By David Goodwin

January 22, 2014


U.S. Rep. Mike Rogers toured the expanding KwangSung automotive plant in Dadeville Wednesday, seeing how businesses are working to create jobs.

 

The plant, which is adding a new 130,000 square foot building, hopes to add more than 100 jobs when the expansion is complete.

 

"KwangSung provides outstanding products and good paying jobs for the hard-working folks of Tallapoosa County and the region," Rogers said. "I was delighted to have the chance to hear their concerns, and appreciate the time they took to demonstrate their capabilities to me and my staff."

 

After hearing about the plant's extensive production line - which currently molds more than 135 parts for Hyundai automobiles made in Montgomery and Kias made in La Grange, Ga. - Rogers got a full tour of KwangSung's manufacturing floor.

 

 

more....

 

[Alex City Outlook]

 

 



 

 


Leaders to gather in Huntsville for ribbon cutting of $2.7M GE Intelligent Platforms expansion

on January 22, 2014

 

HUNTSVILLE, Alabama - General Electric Intelligent Platforms in Huntsville plans to reveal Thursday afternoon a $2.7 million expansion project, which will create 50 new jobs in the Rocket City.

 

Gov. Robert Bentley and other officials will be in Huntsville to take part in a 3 p.m. ribbon cutting ceremony at GE Intelligent Platform's campus on 12090 S. Memorial Parkway.

 

A release from Bentley's press office said the expansion includes a Center of Excellence that will serve GE's growing systems business. 

 

more...

 

[al.com]

 


 

Networking, insight on breakfast menu
By Brad Harper
Jan. 23, 2014   |  

The Montgomery Area Chamber of Commerce had plenty of reasons to hold its second multicultural breakfast this year, but one reason stood out: The success of the first one.

 

"They asked us to do this again," said Harold Boone, the Chamber's vice president of Minority Business Development and Leadership Programs. "After last year's we had an increase in membership and more participants in Leadership Montgomery."

 

Dozens of businesspeople of different races and ethnicities showed up early on a cold Wednesday morning to make new contacts and learn about the resources available through the Chamber. They exchanged business cards and learned more about the leadership programs the Chamber organizes to give them more insight into the city and more of a voice in its direction.



more...

 



 


 

 

Round 3 of the Alabama Launchpad Start-Up Competition begins tomorrow for aspiring entrepreneurs!

 

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.

 

 




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Enjoy the day, 

Val Walton
   
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