EDPA NewsFlash

 

home       about edpa        relocation     resources for     resources for     entrepreneurship &
                                          assistance     companies        communities            technology    

 

 

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:
Fired up and ready to roll
As Overseas Costs Rise, More U.S. Companies Are 'Reshoring'
New Fayette business plans to add 50 employees over 3 years
CEO Aldag donates $50K to create UA biz plan competition
Sen. Shelby visits GE Aviation on statewide business tour
Chamber banquet next Thursday

 


Fired up and ready to roll

By Bayne Hughes Staff Writer 

January 27, 2014  

TANNER - Decatur native Jason Puckett had to move to Gadsden to stay employed when Delphi Corp. closed its Limestone County plant.

 

The 34-year-old grabbed the opportunity to leave Delphi's Gadsden plant and return home when he was offered a job at the new Carpenter Technology plant on Thomas Hammonds Road at U.S. 31 in Limestone County.

"I wanted my children (ages 3 and 6) to be closer to their grandparents," Puckett said.

 

Puckett, a supervisor of forge finishing, attended Monday's grand opening celebration for the $518 million premium alloy steel plant with fellow employees, company President and CEO Bill Wulfsohn, Gov. Robert Bentley and area officials.

 

Carpenter showed off the world's largest hydraulic press, weighing 160 tons, as it pressed an ingot heated to 2,000 degrees into a 7-inch diameter round-corner-square billet.

 

 

 more...

 

[Decatur Daily]

 

 


 

 As Overseas Costs Rise, More U.S. Companies Are 'Reshoring'


For decades, American companies have been sending their manufacturing work overseas. Extremely low wages in places like China, Vietnam and the Philippines reduced costs and translated into cheaper prices for consumers wanting flat-screen TVs, dishwashers and a range of gadgets.

 

But now a growing number of American companies are reversing that trend, bringing manufacturing back to the United States in a trend known as "reshoring."

 

Kim Freeman, a spokeswoman for General Electric Appliances, walks into a sprawling plant in Louisville, Ky. Machine noise is thunderous in the brightly lit room. The finished product, a hybrid water heater, is not much to look at - tubby, about 4 feet tall, with a few knobs and levers. But it's actually a high-tech, energy-efficient appliance.

 

For years, GE outsourced manufacturing of the water heater to a company in China. In 2009, GE did the math and, considering rising wages overseas as well as climbing transportation costs, decided to bring production back to the U.S.

 

more...

 

[NPR]

 

 

 


 

New Fayette business plans to add 50 employees over 3 years

Source: Kelvin Reynolds/WBRC

Jan. 27, 2014

 

FAYETTE, AL (WBRC) -With only six employees, Fayette Fabrication is starting out small. But it has plans to grow and hire dozens of more employees during the next few years.

Organizers held a ribbon cutting ceremony in the Fayette Business Incubator Monday morning. Mark McClanahan, the company's CEO, says they're investing $1.5 million in equipment and inventory to grow the business.

 

"We're going to focus on automotive. The automotive makes you work. The automotive makes you work quickly. They make you work precisely. They make you do what you say you're going to do and that's good for all business," McClanahan said.

 

Over the next three years, McClanahan wants to hire up to 50 people

 

more...

[WBRC]

 

 


 

CEO Aldag donates $50K to create UA biz plan competition

Aldag's gift will create the Edward K. AldagJr. Business Plan Competition, according to a post on the Culverhouse website.

 

"Ten years ago, I started a company with just an idea and determination," Aldag said, in a statement. "I got to experience the feeling of launching a company from scratch, seeing it listed on the New York Stock Exchange and nurturing its growth over just a decade to assets of approximately $3 billion in the U.S. and Europe. My experience as a student at the University of Alabama served me well in all these endeavors."


more...

 

[Birmingham Business Journal]

 

 

 

 


 Sen. Shelby visits GE Aviation on statewide business tour

Sara Falligant | Opelika-Auburn News |

Jan. 27, 2014

 

U.S. Senator Richard Shelby visited Auburn's GE Aviation plant Monday as part of a statewide tour of businesses.

 

Now in his 28th year in the United States Senate, Shelby said he visits every Alabama county yearly. This year, he decided to tour area businesses.

 

"I'm basically on a listening and seeing tour," he said. "I think it's important for me to see."

 

Monday marked Shelby's first visit to GE Aviation in Auburn, which opened in April. Plant manager Joseph Markiewicz led the tour as Shelby met with some employees on the job.

 

"He's a big supporter of industry out here," Markiewicz said. "The senator was a very strong supporter to help bring us to Alabama."


more...

 

[Opelika Auburn News]


 

 


Chamber banquet next Thursday

BY WILLIAM MOOREwmoore@gulfcoastnewspapers.com | 
January 28, 2014 

BAY MINETTE, Ala. - The upcoming economic development trends for the area will be the topic as the North Baldwin Chamber of Commerce holds is 68th annual meeting next week.

 

Michelle Hurdle of Airbus will be the keynote speaker. During the catered evening, the chamber will also unveil the Business of the Year and the winner of the Harry B. Stele Distinguished Service Award.

 

The event will be held Feb. 6 and the John F. Rhodes Civic Center in Bay Minette. The social period will begin at 5:30 p.m. Dinner will be served at 6 p.m. and the program starts 30 minutes later. Officials strive each year to conclude the event by 8 p.m.

 

more...

 

[GulfCoastNewspapers]

 

 



 




Please feel free to forward along to someone who can use it by clicking on the "I'd like to forward this to a contact" link below the green bar. Note also, that you can now make changes to your e-mail address and contact information through the link at the bottom.    
 
If you have news or suggestions, please forward them along to me.
 
Enjoy the day, 

Val Walton
   
Join Our Mailing List