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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:
SaeHaeSung investing $2M in local plant
Officials: Sweetwater development in Decatur-annexed Limestone County to include Bass Pro
Boeing lands $1.16 billion contract for work on AH-64E Apache helicopters
Michael Pierce Named to Coastal Alabama Partnership Board



SaeHaeSung investing $2M in local plant
By Michele Gerlach
 March 11, 2014 

A discussion that began in Andalusia in late February ended Monday in Daegu , Korea when In Tae Heo, president of SaeHaeSung, signed a memorandum of understanding with the City of Andalusia to expand his local plant.


The agreement represents a $2 million investment by SaeHaeSung.


Mayor Earl Johnson and other city officials were already slated to be in Korea to call on several prospects, including a company that is actively looking for a location in South Alabama. City Clerk John Thompson said the visit to President Heo's company was added to the agenda so that the memorandum of agreement could be signed.




[Andalusia Star-News]




Officials: Sweetwater development in Decatur-annexed Limestone County to include Bass Pro (updated)
on March 10, 2014 

DECATUR, Alabama - Officials with the city of Decatur confirmed today that the proposed Sweetwater commercial project will be anchored by Bass Pro Outdoor World on the corner of Interstate 65 and I-565 in a portion of Decatur-annexed Limestone County.

Decatur Mayor Don Kyle said the long-term, more than 500-acre development will be a significant draw for other commercial interests, including new retail stores, restaurants and more. 

The 100,000-square-foot sporting goods store, which Kyle said will have an estimated value of $34 to $35 million, would be the state's fourth Bass Pro Shops. The company also operates locations in Leeds, Prattville and Spanish Fort. 


"This is an exciting prospect," Kyle said this afternoon. "Bass Pro tends to have other stores that follow where they locate."








Boeing lands $1.16 billion contract for work on AH-64E Apache helicopters
on March 10, 2014 

Boeing will continue its work on the AH-64E Apache helicopter through a $1.16 billion full-rate production contract.


The Army contract includes 72 remanufactured helicopter systems, 10 new helicopters, six revamped crew trainers and logistics support. The contract covers work through June 2016.


In other contract news: 

Torch Technologies in Huntsville was awarded a $71 million contract for missile element simulation for the Army. The contract runs through February 2019.










Michael Pierce Named to Coastal Alabama Partnership Board

March 10, 2014


Coastal Alabama Partnership has named Michael E. Pierce to its board of directors as a representative of the Mobile Airport Authority.  The Airport Authority is one of nine founding entities for the non-profit organization that promotes unified regional strategic efforts for Mobile and Baldwin counties.


Pierce, a former football standout at Murphy High School and Tulane University, currently serves as executive director of the MLK Avenue Redevelopment Corporation. In that position, he is charged with developing and implementing a community and economic redevelopment program in the area around MLK Avenue.  Since its inception in 1993, the organization has constructed 126 new affordable homes that benefit several hundred low-to-moderate income families.


In addition, Pierce is president of the Gulf Coast region for A.G. Gaston Construction. He holds a Bachelor of Science degree in business management from Tulane University.


"It is a pleasure to welcome Michael to our board," says Wiley Blankenship, President & CEO of Coastal Alabama Partnership. "He brings tremendous leadership to our organization, as well as a keen perspective on the regional issues and challenges that we face along Coastal Alabama."





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Enjoy the day, 

Val Walton
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