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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:
Morgan officials in favor of incentives
Sale of ThyssenKrupp Steel USA clears all regulatory approval
Former Sen. Richard Shelby aide hired as assistant vice chancellor of UA System
REV Birmingham offering small business workshops throughout March
Chilton County holds Exporting 101 workshop
Why the fingerprint scanning revolution may start in Birmingham
Millions in private development expected to transform Birmingham's Parkside District

 


 Morgan officials in favor of incentives

By Cody Muzio Staff Writer

Feb. 26, 2014

 

A public hearing on Morgan County contributing $1 million to help lure Remington Outdoor Co. to Huntsville will allow residents to voice opinions, but commissioners said it would take more than a few naysayers to keep the resolution from passing.

 

The public hearing is set for 9 a.m. March 11 at the Morgan County Courthouse before commissioners vote.

 

"I've had questions as to why we're spending money there instead of on things like roads inside the county," District 3 Commissioner Don Stisher said.

 

"But the job opportunities for the community outweigh any negatives I hear."

 

Morgan County would contribute the money during five years as Remington reaches employment milestones.


 more...

 

[Decatur Daily]


 


 Sale of ThyssenKrupp Steel USA clears all regulatory approval

on February 26, 2014 

MOBILE, Alabama -- The joint venture between ArcelorMittal and Nippon Steel and Sumitomo Metal Corp. has cleared all regulatory approval, ArcelorMittal official announced Wednesday, paving the way for a takeover of ThyssenKrupp Steel USA.

 

The deal, which was announced at the end of November 2012, has been undergoing scrutiny from governments in multiple countries before the acquisition could be completed.

 

"The successful completion of this transaction is an important milestone for ArcelorMittal," said Lakshmi Mittal, chairman and CEO of ArcelorMittal


 

more...

 

[al.com]

 

 


Former Sen. Richard Shelby aide hired as assistant vice chancellor of UA System

on February 26, 2014 

HUNTSVILLE, Alabama - A longtime aide of U.S. Sen. Richard Shelby, R-Tuscaloosa, has been hired as an assistant vice chancellor of the University of Alabama System.

LaFreeda Jordan will assist with government relations and economic development issues for the UA System and be based at the University of Alabama in Huntsville.

 

Jordan has served as director of Shelby's north Alabama Congressional office since 2001. In that role, Jordan she was Shelby's principal state liaison to the Marshall Space Flight Center, NASA, and the space and defense industries in North Alabama. From 1988 to 2001, she managed Shelby's Central Alabama Congressional Office in Montgomery and interacted with state officials, agency representatives, and city and county governments.

 

 more...

 

[al.com]

 

 


 

REV Birmingham offering small business workshops throughout March
on February 26, 2014 
 

BIRMINGHAM, Alabama - REV Birmingham said it will launch a new small business development workshop series called "Biz 1.0: Entrepreneur Essentials" in March at Woodlawn's SocialVenture.

 

It's part of the organization's REV-BIZ rebooted business growth program for Birmingham entrepreneurs and small businesses.

 

Biz 1.0 will use four workshops to arm business owners and entrepreneurs with some fundamental tools to grow and sustain more successful businesses in the City of Birmingham. 

 

 

more...

 

[al.com]

 

 


 Chilton County holds Exporting 101 workshop

By Emily Etheredge

 February 26, 2014

 

Members of the Export Alabama Alliance team met with Chilton County business owners on Tuesday to discuss ways to meet a foreign demand with Alabama products.

 

The workshop, Chilton County Export 101, was held at the Clanton Performing Arts Center at Jefferson State Community College's Chilton-Clanton Campus from 9-11 a.m.

 

"Our chief objective is economic development," Birmingham Business Alliance Vice President of Business Retention and Expansion Mark Brown said. "We want you to know other ways to increase your business."

The program was geared toward small-and-medium sized businesses and focused on ways to support business growth through overseas exporting.

 

 

more...

 

[Clanton Advertiser]


 


 

Why the fingerprint scanning revolution may start in Birmingham
Brent Godwin Online editor-Birmingham Business Journal
Feb. 26, 2014

Imagine this: You need to complete a financial transaction using your smartphone or tablet, and your device scans your fingerprint to verify your identity. It's not that far-fetched. And a local company is making it happen.

 

Birmingham-based company Diamond Fortress Technologies says its Onyx software is leading the charge in the fingerprint scanning market, which is one of the hottest trends in tech right now.

 

"Our app, Ice Unlock, allows users to secure their Android device with fingerprint biometrics," said Diamond Fortress CEO Chace Hatcher. "The big difference between our product and others is that it's touchless-- it takes advantage of your existing hardware instead of needing new hardware." Ice Unlock, which is free, uses an Android's phone rear-facing camera to capture the fingerprint.


more...

 

[Birmingham Business Journal]

 

 


 Millions in private development expected to transform Birmingham's Parkside District

on February 25, 2014

BIRMINGHAM, Alabama - The start of construction of the $30 million LIV Parksideapartment and retail project is just the beginning of the private development that will eventually transform the area around Birmingham Railroad Park, officials said.

 

At a groundbreaking ceremony at the site of the six-story building Monday afternoon, Birmingham Mayor William Bell said the growth of the Parkside District will help link UAB to downtown.

 

"It gives credence to our prediction that Railroad Park and the baseball park would give rise to private development," Bell said in an interview. "The developments will change the face of this area and change the face of downtown and unite UAB with downtown instead of being empty warehouses that separate them."



more...

[al.com]

 





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