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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:
SKF USA's $4 million Moody plant completes construction
BBA: 2013 economic development created 2,700 jobs, $350 million in capital investments for Birmingham metro
Slocomb gets advice on economic development
State education board to hold meeting at Hyundai training center
Knauf Insulation Reopens Lanett, Alabama, Recycling Plan

 


SKF USA's $4 million Moody plant completes construction

on January 30, 2014 

MOODY, Alabama - SKF USA's $4 million facility in Moody has completed construction.

 

The 31,200-square-foot plant in St. Clair County is expected to employ at least 25 workers when fully operational.

 

The plant will be able to manufacture bearings, handle precision assembly, driveline services, custom-machined seals, root-cause failure analysis, seminars and training. It includes a 25-foot crane and is dubbed one of the Swedish-based company's U.S. "Solution Factories."

 

The plant has enough room to expand by 25 percent should its growth warrant it.


 

more...

 

[al.com]

 


 

 

BBA: 2013 economic development created 2,700 jobs, $350 million in capital investments for Birmingham metro
By Michael Tomberlin | mtomberlin@al.com AL.com
on January 29, 2014

BIRMINGHAM, Alabama - New and expanding industry invested more than $350 million and added more than 2,700 jobs to the Birmingham metro area in 2013.

 

Brian Hilson, chief executive of the Birmingham Business Alliance, shared the results of the BBA's and others' economic development efforts last year during the BBA's annual chairman's luncheon at the Sheraton Birmingham Tuesday.

 

The BBA worked on 97 projects for the year. What might surprise many is the fact that more than 90 percent of the jobs and investment came from existing industry.

 

"I think a lot of people's expectations in economic development are led by the recruitment of a mega-project," Hilson said in an interview. "Those are great, but that's not the primary objective of the BBA or our economic development strategy."

 

 more...

 

[al.com]

 

 


Slocomb gets advice on economic development

By Lance Griffin

 January 30, 2014 

 

While the small eastern Geneva County town of Slocomb may not be able to lure mega-industry, opportunities exist that could add jobs, increase tax revenue and add to the quality of life, according to a consultant.

 

Economic development consultants Tucson Roberts and Robert Pittman presented Slocomb officials and residents with an assessment of the town's strengths and weaknesses earlier this week, and a suggested path for luring jobs to town.

 

According to the assessment, a few of Slocomb's strengths include:

 

  Electric, water, sewer and gas availability

  Approximate location to a sizeable city (Dothan), beaches and an interstate within 40 miles

  Local government support


more...

 

[Dothan Eagle]

 

 


State education board to hold meeting at Hyundai training center

on January 30, 2014 


MONTGOMERY, Alabama -- The Alabama State Board of Education has two meetings slated for Feb. 13, but one will not be in the board's regular meeting space.  

 

According to an open meeting notice filed with the Secretary of State, the board will hold its postsecondary work session in Hyundai Manufacturing's Train Center Auditorium in at 700 Hyundai Boulevard in Montgomery.  

 

The board normally meets in state's Center for Postsecondary Education in Montgomery.

more...

 

[al.com]

 

 

 


 

Knauf Insulation Reopens Lanett, Alabama, Recycling Plant
Area Development Online News Desk 
(01/30/2014)

Recycling firm Knauf Insulation reopened its 800,000 square foot plant in Lanett, Alabama, creating 120 jobs in Chambers County, near the Georgia border in the eastern part of the state.

"At every single stage of this, we really felt we were wanted in Alabama," Mark Andrews, company Chief Executive Officer said. "We felt we were welcome, which was very important to our decision-making process." In addition, Andrews said the area's quality workforce pool and availability of job training were also significant factors in the company remaining in Chambers County.

Valerie Gray, Executive Director of the Chambers County Development Authority, said re-opening of Knauf facility will diversify the area's manufacturing sector. 

more...

 

[Area Development]

 




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