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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:
Birmingham Business Alliance: 2,600 new metro region jobs in 2013
Gov. Robert Bentley signs 'crowd funding' bill into law; intent is to help start businesses
Tire recycling startup proposes $28 million investment, 128 first-phase jobs for Mobile
$500K grant awarded to help Enterprise aviation business expand
From Crowdsourcing to Marketing with Social Media, UA's Innovation Day Offers Insight
Eggs N' Issues meeting to discuss economic update on Baldwin County

 


 

Birmingham Business Alliance: 2,600 new metro region jobs in 2013 


BIRMINGHAM, Alabama - Economic development activity in the seven-county Birmingham metropolitan region resulted in more than 2,600 jobs and nearly $320 million in capital investment in 2013, the Birmingham Business Alliance (BBA) announced today.

 

The BBA released the 2013 tallies at this morning's Blueprint Birmingham Summit at downtown's Harbert Center. Blueprint Birmingham is the strategic economic development growth plan for Alabama's largest metro area.

 

"The goal at the BBA is to grow the region's economy, and the work of Blueprint Birmingham is enabling us to do that," said BBA Chairman Grayson Hall, who also is chief executive of Birmingham-based Regions Financial Corp., one of the nation's largest banking companies.

 

"Blueprint Birmingham helps make our community a better place to live, work and do business, and our work around the strategic plan has paid off with another year of solid growth in Birmingham," Hall added.

 

 more...

 

[madeinalabama.com]

 

 


Gov. Robert Bentley signs 'crowd funding' bill into law; intent is to help start businesses

on April 08, 2014 

MONTGOMERY, Alabama - Alabamians are being given a new way to raise money to start small businesses.

Gov. Robert Bentley's press secretary, Yasamie August, said he signed legislation Tuesday that was sponsored by Republican Sen. Arthur Orr of Decatur and supported by the Alabama Securities Commission.

 

The new law allows someone trying to start a small business in Alabama to use social media and advertising to find small investors who live in the state. The "crowd funding" is limited to raising $1 million, and it is restricted to Alabama businesses and investors because of federal regulations. 

 

The investments are capped at $5,000 for most people to limit risk. The process comes with less cost and less regulation than larger business investments, but the Securities Commission still plays a role.

 

more...

 

[al.com]

 

 

 

 

 


 Tire recycling startup proposes $28 million investment, 128 first-phase jobs for Mobile

on April 08, 2014 
 

MOBILE, Alabama - A Nevada-based startup plans to invest more than $28 million in Mobile to construct what its founders deem a first-of-its-kind recycling operation for discarded tires.

 

Alliance International Group LLC petitioned, and received, a 10-year tax abatement from the city of Mobile's Industrial Development Board Tuesday for the project expected to create 128 jobs in its first phase with average annual salaries of about $47,000, or an annual payroll of roughly $5.6 million.

 

These figures do not include related construction jobs or payroll, and the first phase is expected to take between seven and eight months to complete.


more...

 

[al.com]

 

 

 


 

$500K grant awarded to help Enterprise aviation business expand
By WSFA 12 News Staff 
Apr 08, 2014   

ENTERPRISE, AL (WSFA) -A $500,000 grant is being awarded to help an Enterprise company expand its aviation business and provide 200 new jobs. The company, Alabama Aircraft Support, specializes in the maintenance, repair and overhaul of military and commercial helicopters and small aircraft.

The Community Development Block Grant awarded to the city of Enterprise will provide infrastructure enabling the company to expand its business and construct a 64,800-square-foot aircraft maintenance building and hangar.  

 

"It is a tribute to Alabama workers that our state is not only recognized for excellence in automobile manufacturing, but also has an equally good reputation in the aviation and aerospace industries," Governor Robert Bentley said after awarding the grant. "I am pleased to support this project and commend the dedicated community leaders, company officials and employees that have made this expansion possible."


more...

 

[WSFA]

 

 

 


 

 iSAM North America seeks permanent space for expanded Mobile presence

on April 08, 2014 
 

MOBILE, Alabama - iSAM North America Corp. plans to nearly triple its workforce in Mobile from seven to 19, and the German automation developer is scouting permanent space to accommodate the growth.

 

In turn, the city of Mobile's Industrial Development Board approved a 10-year tax abatement for the $1.1 million project Tuesday in the hopes it will sway company officials to consider available property off Airport Boulevard near the WKRG offices as opposed to the I-10 Commerce Park in Spanish Fort.

 

Thomas Tyson, a project manager with the Mobile Area Chamber of Commerce's economic development project, said in his recommendation for approval to the board the jobs created will average $62,500 in annual salaries.


more...

 

[al.com]

 

 

 


 

 Pelham forms Commercial Development Authority board to attract businesses

on April 08, 2014 

PELHAM, Alabama -- The City of Pelham has created a board that will promote economic activity and development opportunities in the community.

 

The Pelham City Council on Monday night approved the formation of the Commercial Development Authority and appointed the first five members to serve on the board.

 

The board members include Clay Alford, Tim Alford (who has no relation to Clay), Tracey Morant Adams, Thomas A. Martin and Lenny Glynn.


more...

 

[al.com]

 

 


 

From Crowdsourcing to Marketing with Social Media, UA's Innovation Day Offers Insight

April 9, 2014 | 

 

TUSCALOOSA, Ala. - There may be "strength in numbers" as the axiom goes, but there's also money. Business owners, managers, entrepreneurs and others looking for tips on crowdsourcing and using social media for marketing are invited to attend The University of Alabama's Innovation Day, Wednesday, April 16, in the Bryant Conference Center on UA's campus.

 

The event, which begins at 9 a.m. in the conference center's Rast Room and is hosted by UA's Office for Technology Transfer, will also showcase multiple University of Alabama start-up companies.

 

Featured speakers are Dr. Craig Armstrong and Susan Fant. Armstrong, a UA associate professor of management in UA's Culverhouse College of Commerce with expertise in entrepreneurship, will present "How to Fund Your Idea Through Crowdfunding," beginning at 11 a.m.

 

Following lunch, Fant, president of Castle Sands LLC, a marketing firm for website and social media development, will present "Social Media Marketing for Your Business." Fant, who is an adjunct instructor in UA's Manderson Graduate School of Business, will begin her talk at 1 p.m.

 

Sandwiched around the speakers are guest panelist discussions and brief presentations by student and alumni entrepreneurs highlighting UA start-up companies and technologies.

 

The Office for Technology Transfer, a part of UA's Office for the Vice President of Research, works with innovators to assist in bringing technologies created at the University to the commercial market place for public benefit.

 

The University of Alabama, a student-centered research university, is experiencing significant growth in both enrollment and academic quality. This growth, which is positively impacting the campus and the state's economy, is in keeping with UA's vision to be the university of choice for the best and brightest students. UA, the state's flagship university, is an academic community united in its commitment to enhancing the quality of life for all Alabamians.

  • CONTACT: Chris Bryant, UA Media Relations, 205/348-8323, cbryant@ur.ua.edu
  • SOURCE: Dr. Richard Swatloski, director of the Offfice for Technology Transfer, 348-8583, RPSwatloski@ua.edu

 

 

 

 


 Eggs N' Issues meeting to discuss economic update on Baldwin County

on April 09, 2014 

DAPHNE, Alabama -- The next Eastern Shore Chamber of Commerce Business Academy Eggs N' Issues breakfast will discuss an economic update of Baldwin County.

 

The meeting, which is scheduled for 8:30 a.m. June 10, will feature speaker Lee Lawson, president and CEO of Baldwin County Economic Development Alliance.

 

The breakfast will take place at Daphne United Methodist Church Community Life Center, 2401 Main St.

Lawson previously served as vice president of economic development for the Baldwin County Economic Development Alliance from 2006 to 2008, during which time he was responsible for marketing and the recruitment of new jobs and corporate investments.


 

more...

 

 

 




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