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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:
Economic development forum in Oxford focuses on regional cooperation
Bishop State awards 19 welding scholarships totaling more than $31,000 via Build Mobile grant.
Rural Alabama economic development gets new push with team approach
GE Intelligent Platforms expands operations, announces 50 new jobs in Huntsville (photos)
NEW HEAD OF WORKING SMARTER...INTERVIEW BY CHRIS MCFADYEN...BUSINESS ALABAMA
Carrington: Economic development, revenues key for Jefferson County's next chapter
Maynard Cooper attorney selected to AlabamaGermany Partnership board
Airbus rising: A320 final assembly line hangar takes shape with placement of final truss (photos)
Sports tourism blasts $28 million into Alabama's beach economy in 2013
Engineering giant purchases highway builders
Merchant Capital ranks 25th on national list of managing underwriters

 


 

Economic development forum in Oxford focuses on regional cooperation
By Eddie Burkhalter
Jan 23, 2014 

OXFORD - Seated at tables inside the Oxford Civic Center Thursday with local officials and business owners were executives from several of the largest companies in Alabama.

The purpose of the gathering, a forum organized by Alabama Power with help from Calhoun County's Economic Development Council and Chamber of Commerce, was to discuss economic development and job creation through regional collaboration.

More than half of the 120 or so who attended came from outside Calhoun County, which spoke to the name of the forum: Connecting our Communities.

"When we work together, collaboration efforts pay off," said Larry Deason, the Economic Development Council's chairman and president of Farmers and Merchants Bank.

Deason pointed to the opening of the Honda plant in Lincoln, Oxford's Kronospan plant and, more recently, the regional partnership to develop McClellan as examples of collaborative efforts that can create jobs. 


more...

 

 

 


Bishop State awards 19 welding scholarships totaling more than $31,000 via Build Mobile grant

on January 23, 2014 

MOBILE, Alabama - Nineteen Bishop State Community College students have been named recipients of the 2014 Build Mobile scholarship program.

 

Kathy Thompson, Bishop State's dean of technical education and workforce development, said each scholarship - including 17 for the spring 2014 semester and two for the summer 2014 session - totaled $1,656 for 12 credit hours per student, or about $31,464 combined.

 

The Build Mobile scholarship is funded by the Alabama Workforce Training Council for Bishop State students seeking certificates in the welding program.

 

more...

 

[al.com]

 

 

 


Rural Alabama economic development gets new push with team approach

By Jerry Underwood

January 22, 2014

MONTGOMERY, Alabama - Job-creation efforts in rural Alabama are gaining momentum from an increased level of cooperation between economic developers at state and local levels and a regional approach that has helped sharpen strategic thinking and build alliances.

 

Wayne Vardaman, executive director of the Selma & Dallas County Economic Development Authority, is directing a renewed push by the Economic Development Association of Alabama(EDAA) to help the state's rural communities better compete for projects and jobs.

 

"A lot of good things are already coming out of our efforts," Vardaman says. "Right now, there is more traction for this effort than there has ever been. We all seem to be more in sync."

 

more...

 

[madeinalabama.com]

 


 GE Intelligent Platforms expands operations, announces 50 new jobs in Huntsville (photos)

on January 23, 2014 

HUNTSVILLE, Alabama - General Electric Intelligent Platforms today formally opened a new building that will create 50 jobs in the Rocket City and serve the company's growing systems business.

 

The new Center of Excellence adds much-needed space at GE's Huntsville campus on South Parkway. Officials said the $2.7 million expansion consolidates operations into a single facility with designers and developers of GE's high performance, rugged integrated systems in the same building where those systems are built.

 

The expansion will allow for faster, more responsive product development and shorter lead times for GE customers.

 

Gov. Robert Bentley, Huntsville Mayor Tommy Battle, Madison County Commission Chairman Dale Strong and Alabama Department of Commerce Secretary Greg Canfield were among officials in attendance at the ribbon cutting Thursday afternoon.


more...

 

[al.com]

 

 

 

 


 

NEW HEAD OF WORKING SMARTER

Terry Waters, senior executive director for workforce and economic development for the Alabama Department of Postsecondary Education.

 

Terry Waters took over as the new head of workforce development for the state in November.

 

The Governor's Office of Workforce Development comes under the administration of the Alabama Department of Postsecondary Education, the network of two-year colleges where much of the state's worker training takes place.

 

Waters, a 64-year-old former Alabama Power executive, is Postsecondary's new senior executive director for workforce and economic development. He headed the utility's Birmingham and Tuscaloosa divisions in the '90s and retired in 2010 as head of customer service and marketing.

 

 

more...

 

[Business Alabama]

 

 

 

 

 


 

Carrington: Economic development, revenues key for Jefferson County's next chapter

on January 23, 2014 

BIRMINGHAM, Alabama - Now that Jefferson County is out of Chapter 9 bankruptcy, the president of the county commission said the next chapter needs to have economic development as its protagonist.

 

David Carrington told members of NAIOP Alabama this morning the county's "chapter 10" after exiting Chapter 9 has yet to be written but job growth and recruitment will be vital components to where the story goes next.

 

"Just like with bankruptcy, failure is not an option when it comes to economic development and job creation," Carrington said.



more...

[al.com]

 



 

 


 

Maynard Cooper attorney selected to AlabamaGermany Partnership board

Thomas Brinkley, a shareholder based inMaynard Cooper & Gale's Birmingham office, has been appointed to the board of directors for the AlabamaGermany Partnership.

 

Brinkley, who is chair of Maynard Cooper's economic development/incentives group and the state and local tax group, will serve a three-year term on the board.

 

His role will consist of assisting the AlabamaGermany Partnership advance its goals of developing and supporting relationships and friendships between organizations and individuals with ties to Alabama and Germany, as well as increasing and improving business opportunities and fostering cultural exchange. His role will also include assisting German companies gain access to the economic development and business community throughout Alabama.

 

more...

 

[Birmingham Business Journal]

 


 

Airbus rising: A320 final assembly line hangar takes shape with placement of final truss (photos)
on January 23, 2014 

MOBILE, Alabama - Less than 10 months after ground was broken, the final truss has been placed atop the hangar for Airbus' A320 final assembly line under construction at Mobile Aeroplex.

 

The $600 million facility - Airbus' first such final assembly line on U.S. soil - will bededicated solely to assembly of A320 family aircraft

 

Airbus Americas Inc. spokeswoman Mary Anne Greczyn said construction contracts for the other buildings in the roughly 116-acre complex "will be awarded soon."

 

The milestone was celebrated with the construction crew and project team members signing the final truss before it was lifted into position. 


more...

 

[al.com]

 

 


Sports tourism blasts $28 million into Alabama's beach economy in 2013 

on January 23, 2014 

GULF SHORES, Alabama-- Sports tourism is turning into big business on Alabama's Gulf Coast as it generated $28 million in direct visitor spending in 2013 -- a 24 percent jump from 2012, according to the Gulf Shores & Orange Beach Sports Commission.

 

The sports organization, which is supported by the beach cities as well as the tourism industry, helped attract 94 athletic events to south Baldwin County last year, generating 71,931 room nights and a more than $6 million boost from 2012. 

 

The year was so successful that the 2012 spending peak was already surpassed in August

 

"Our sports commission works tirelessly to bring a variety of athletic events to coastal Alabama," Herb Malone, president and CEO of Gulf Shores & Orange Beach Tourism, said in a news release. "Many families that travel to Gulf Shores and Orange Beach for sporting events end up coming back as vacationers to our family-friendly beach destination, bringing the sports tourism full-circle. This results in a boost in retail sales and lodging revenue in peak and shoulder seasons for businesses across the area."

 

more...

 

[al.com]

 


 

Engineering giant purchases highway builders
By Brad Harper
Jan. 23, 2014

Montgomery-based Goodwyn, Mills & Cawood has acquired a civil engineering company in a move they hope will pave the way to more highway work.

 

GMC purchased Kemp & Seagle Consulting Engineers, a Columbiana company with a focus on Alabama Department of Transportation projects. David Reed, GMC's executive vice president, said the acquisition is part of a push to expand GMC's prominence in transportation and highway design.

 

"If you're trying to upgrade all the time and you invest in that, what you hope is that people recognize it and you get bigger jobs and more complicated jobs," Reed said. "We don't want to do the mundane every day."

 

Kemp & Seagle principal Bobby Kemp will relocate to Montgomery, while principal Doug Seagle will maintain a presence in Birmingham. Reed said both are "good quality people" with decades of experience that will be invaluable to the company.


more...

 

[Montgomery Advertiser]

 

 


Merchant Capital ranks 25th on national list of managing underwriters

on January 24, 2014 

MONTGOMERY, Alabama - Despite helping Jefferson County emerge from bankruptcy and handling public finance in what can be challenging times, Alabama'sMerchant Capitalinvestment banking firm continues to emerge high in national rankings.

 

Thomson Reuters recently ranked Merchant Capital 25th in the nation among the nation's "Top 250 Managing Underwriters for 2013," making the company the highest ranked Alabama firm on the list. Thomson Reuters is an independent New York-based company tracking bond issues nationwide and publishing its national rankings.

 

Now in its 26th year, the Montgomery-based firm has been ranked the top investment banking firm in Alabama on the Thomson Reuters list for the last 20 years. The company also was the No. 1 nationally in multi-family housing finance and ranked second in the Southeast in public finance.

 

more....

 

[al.com]

 




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