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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:
City of Montgomery honored in magazine article
Raytheon lands $350 million contract to cover additional production of Huntsville-made Standard Missiles
Austal lands contract for post-delivery support on USS Jackson
Auburn business Archangel receives Trade Excellence Award
Spotlight on Coastal Gateway
Alabama Business Confidence Index (ABCI) Survey Is Open




City of Montgomery honored in magazine article
By WSFA 12 News Staff 
March 7, 2014

The City of Montgomery, fresh off news that hard data shows its tourism economy is booming, learned Thursday it's being featured for its economic development achievements in a new magazine article.


Montgomery is being named in Southern Business & Development magazine as one of its 10 shining examples of economic developing that is working in the South.

Alabama's capital city was the state's only representative in the article [READ HERE].


"Southern Business & Development recognizes that Montgomery is an exceptional place to do business," said Montgomery Area Chamber of Commerce Chairman of the Board of Directors Leslie L. Sanders. "Not only is the River Region unique in what it has to offer, our city, county, state and chamber leadership also work together extraordinarily well to enhance our quality of life. The results of their efforts have made and will continue to make this community appealing to new and existing industries."







 Raytheon lands $350 million contract to cover additional production of Huntsville-made Standard Missile-3s

on March 07, 2014 

A Standard Missile-3 Block 1B interceptor launches from the USS Lake Erie during a Missile Defense Agency test designed to hit a complex short-range ballistic missile target. (Contributed photo/Missile Defense Agency) 

The Pentagon is boosting its order of Raytheon's Huntsville-made Standard Missile-3 Block 1B missiles.


Raytheon has been awarded a $350 million Department of Defense contract to increase the number of SM-3s from eight to 44. The contract runs through September 2016 and was awarded through the Missile Defense Agency.


The SM-3 is designed to destroy incoming short-, medium- and intermediate-range ballistic missile threats by colliding with them in space, what Raytheon describes as a process similar to "hitting a bullet with a bullet." It is part of the Missile Defense Agency's sea-based Aegis Ballistic Missile Defense system and is used by the U.S. and Japanese navies.






 Austal lands contract for post-delivery support on USS Jackson

on March 07, 2014 

MOBILE, Alabama -- The Defense Department awarded Austal USA a contract to handle post-delivery support on USS Jackson, the third littoral combat ship built at the shipyard in Mobile. 


The $7.1 million modification to a previously awarded contract was awarded through the U.S. Navy's Naval Sea Systems Command for Austal to perform planning and implementation of deferred design changes identified during the construction period.


The ship support sector is an area the company plans to increasingly pursue as more of the Independence-class vessels are delivered. The prime contractor to build 10 littoral combat ships, six of which have already been funded.










 Auburn business Archangel receives Trade Excellence Award

From staff reports

 March 8, 2014 


An Auburn-based company is one of eight Alabama companies to receive the Governor's Trade Excellence Awards for excelling in international trade.


Archangel Systems Inc., of Auburn, which develops, designs and manufactures sensing systems for air, land and sea-based applications, was honored.


Archangel is a world leader in the development and manufacturing of inertial sensing equipment, or, more specifically, micro-electromechanical systems (MEMS) inertial sensing equipment and systems. Aviation leaders such as Boeing, Elbit Systems, Marenco Swisshelicopter, branches of the United States military and the Australian Ministry of Defense are some of the company's clients.



[Opelika-Auburn News]






Spotlight on Coastal Gateway

March 2014

Rikard's Mill Historical Park is the home of a water-powered grist mill and museum. Established in 1845 along the banks of Flat Creek, the mill has served residents in north Monroe County ever since.


The five-county Coastal Gateway region between Montgomery and Mobile boasts plentiful hardwood and softwood forests, waterways for business and recreation, import/export opportunities through the Port of Mobile, access to American steel manufacturing, the automotive corridor and the Gulf Coast aviation corridor.


The Coastal Gateway region - which consists of Choctaw, Clarke, Conecuh, Escambia and Monroe counties - markets itself for its lower cost of doing business, its highly-skilled workforce and its affordable cost of living.

The region is dotted by community college technical training programs with a national reputation for excellence and rapidly emerging partnerships between K-12 schools and colleges committed to developing a world-class manufacturing workforce.


"Coastal Gateway Regional Economic Development Alliance (CGEDA) is the lead economic development agency for the region, but we really represent a network of regional and local economic developers who work as a team to develop every community and every business in the region," says John Johnson, CGEDA executive director. "We are redefining regionalism every day, creating new partnerships throughout the region while focusing on the vitality and expansion of our existing industry and growing our industrial family with new companies from throughout the world."





[Business Alabama]





Alabama Business Confidence Index (ABCI) Survey Is Open


Business executives in the public and private sectors are invited to take the Q2 2014 Alabama Business Confidence Index™ (ABCI) survey.  Please add your perspective on prospects for the state and national economies and your industry looking ahead to the second quarter of 2014.


The Q2 2014 ABCI survey closes March 15.  Sign in or register as a new panelist and take the quick six-question survey at http://cber.cba.ua.edu/abci.  New panelists are always welcome! 


Now celebrating its 50th consecutive quarter under the auspices of the Center for Business and Economic Research in UA's Culverhouse College of Commerce, the ABCI survey has been on target in its forecasts of economic trends.  You can read a recent validation study and ABCI newsletters for the state and the Birmingham-Hoover, Huntsville, Mobile, and Montgomery metro areas at http://cber.cba.ua.edu/abci/results.html.  




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Enjoy the day, 

Val Walton
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