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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:
Remington plant, 2,000 jobs in Huntsville will grow advanced manufacturing base in north Alabama
Half of Alabama's workforce could retire today, two-year college chancellor says
Huntsville's Toyota plant to celebrate expansion, production of 3 millionth engine
Bassmaster to provide $20m economic impact to Alabama
Opelika, Alabama Builds High-Speed On Ramp to the Future
Hoover council approves up to $4.5 million in tax rebates to lure Field & Stream outdoors store
DeKalb Co. officials continue search to re-purpose mills

 


Remington plant, 2,000 jobs in Huntsville will grow advanced manufacturing base in north Alabama
on February 17, 2014

HUNTSVILLE, Alabama - Community leaders began packing the auditorium of the Chamber of Commerce of Huntsville/Madison County this afternoon to hear the news that Remington Outdoor Co. will expand with a new manufacturing facility in the Rocket City.

 

The plant, which will create 2,000 jobs over the next decade and reflect a statewide investment of $110 million, will be located in the old Chrysler building near Huntsville International Airport. Operations are expected to begin in the next 18 months after the facility is upgraded.

 

The production and advanced manufacturing positions will pay between $40,000 and $50,000 before benefits, according to Huntsville Mayor Tommy Battle.

 

"We've always been known for engineering and research and development," he said. "We have a huge advanced manufacturing base that's really just not recognized, not touted a lot. This gives us a chance to start talking about our advanced manufacturing base and also, it addresses the need for jobs for those who want to go into the technical career fields."


more...

 


 


 Half of Alabama's workforce could retire today, two-year college chancellor says

on February 18, 2014

MONTGOMERY, Alabama -- Just 56 percent of Alabama public high school graduates go on to enroll in college compared to the national average of 68 percent.

 

That's what Alabama Community College System Chancellor Mark Heinrich had to say this month about the future of Alabama's workforce.

 

And if something isn't done to replace retiring baby boomers, who worked longer than expected because of the recession, Alabama's business and industry could face a shortage of qualified workers. 

 

"If we do nothing, we will have a workforce crisis," Heinrich said.  

 

more...

 

[al.com]

 

 

 


 

 


 Huntsville's Toyota plant to celebrate expansion, production of 3 millionth engine

on February 18, 2014 

HUNTSVILLE, Alabama -- Toyota's Huntsville manufacturing facility is hosting a day of celebration today, commemorating the facility's production of its 3 millionth engine.

 

Toyota Motor Manufacturing Alabama is also celebrating its fourth expansion in 11 years. The construction project, which was estimated to cost $80 million when it was announced in 2012, was completed last month.  

The expansion added a second V6 line to the facility. 

 

Toyota Alabama's total investment will exceed $850 million by July 2015, when its current $150 million machining project is completed, according to a news release from Toyota. Last year, the facility produced a record 540,000 engines. 


more...

 

[al.com]


 

 

 


 

Bassmaster to provide $20m economic impact to Alabama
By Stephen McLamb 
Feb. 17, 2014  
GUNTERSVILLE, AL (WAFF) -A national fishing tournament is expected to bring a welcome economic impact to Marshall County.

The Bassmaster Classic Tournament is expected to have a $20 million impact to the state, and Guntersville officials expect the area to get half of that.

 

The Hampton Inn is already sold out for the Bassmaster Classic. Local tourism officials are bringing in welcome kits to help steer visitors to shop locally.

 

Teams are already in town and are setting up for the big event. Tourism officials said they are excited to have all of the visitors because this truly could be a once-in-a-lifetime event.


 more...

 

[WAFF.com]

 

 


 

Opelika, Alabama Builds High-Speed On Ramp to the Future
Richard K. Wallace, Editor and Publishing Director, The Next Silicon Valley (Q1 2014)

 

For a small municipality, Opelika, Alabama, has several key transport assets to recommend it as a development hub: it has a close working relationship with world-class Auburn University; it's only 15 minutes from - and on the "good side" (south) of - Atlanta's international airport; and, it's very well served by no fewer than five on-ramps to access I-85, one of the major transportation corridors in the South. 

Now, through a comprehensive broadband fiberoptic system deployment by the local power company, Opelika Power Service, Opelika is building its own "on-ramp" to the global information highway, thus creating a new local, digital communications asset that puts the city on the high-speed Internet map. It also breaks new ground for the region. 
 
With the roll out of fiber-to-the-home services able to reach 100 percent of its citizens, Opelika became the first city in Alabama to have fiber to the user, a smart grid telecommunications deployment that includes video (cable TV), ultra-high speed Internet, and telephone service.   

more...

 

[Area Development]

 


 

 

 


 

 Hoover council approves up to $4.5 million in tax rebates to lure Field & Stream outdoors store

on February 17, 2014 
 

HOOVER, Alabama - The Hoover City Council tonight approved an agreement to rebate up to $4.5 million in sales taxes to a developer bringing a Field & Stream outdoors store to the Patton Creek shopping center.

 

The company plans to build a store with about 50,000 square feet on a vacant lot between the Rooms To Go furniture store and Interstate 459, Hoover Executive Director Allen Pate told the City Council tonight. Hoover Mayor Gary Ivey said he expects construction to begin quickly and the store to be open by the spring of 2015.

 

This is the first announced Field & Stream store in Alabama. Ivey said he believes there are only four in existence. The first one opened in Cranberry, Pa., in August of last year.

 

more...


 

 

 


 

DeKalb Co. officials continue search to re-purpose mills
By Stephen McLamb 
Feb. 17, 2013
  
DEKALB COUNTY, AL (WAFF) -Several sites in Alabama were in contention for the Remington Outdoor Company's expansion, which announced Monday it would be coming to Huntsville.

DeKalb County has approximately a dozen old sock mills available for business and industry. Fort Payne's economic development director said the city got an initial look for the Remington plant.

 

Several mills remain vacant, but none were submitted as a possibility for luring the gun manufacturer to the county. Jimmy Durham said they just didn't have a building large enough, and low ceilings in many of the mills made them a hard sell.

 

Durham said they did put in a proposal for the Jacoway property, but that would have required the company to build from scratch. He said it was also hard to lure the company to the area due to the availability of an appropriate workforce.

 

more...

 

[WAFF.com]

 

 

 




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