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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:
Gov. Robert Bentley's Road to Economic Recovery tour hits Mobile Friday
Dothan's newest employer looking for workers
7 questions with Troy Wayman on the state of economic development in Mobile
Huntsville's women leaders invited to first-ever Women's Economic Development Council conference this fall
6 reasons America's economic developers just honored the Alabama Robotics Technology Park
Alabama-made SUV wins national manufacturing award
4 things to know about Alabama's new crowdfunding law
Kirchner Group adds former Chairman, President and CEO of Xerox Canada

 


 Gov. Robert Bentley's Road to Economic Recovery tour hits Mobile Friday

on April 10, 2014 

MOBILE, Alabama - Alabama Gov. Robert Bentley will bring his "Road to Economic Recovery Tour" to Mobile Friday with a series of stops throughout the county.

 

In addition to several public appearances in and around the Port City, Friday's events will also include a small business roundtable discussion with the Mobile Area Chamber of Commerce and will conclude with Bentley's attendance at the Boy Scouts Golden Eagle Dinner.

 

The tour is designed to encourage conversations regarding local economic conditions and state-level efforts to attract more jobs to Alabama. The stops will give local residents and business owners the opportunity to discuss these things with Bentley directly.


more...

 

[al.com]

 


 Dothan's newest employer looking for workers

by Lance Griffin

April 10, 2014

 

Kruise Retherford bleeds salt water.

 

Cut her and you will probably see a mixture of sodium and chloride along with H20 ooze from her veins. It seems only natural the daughter of a boat racer would wind up president of a boat building company.

 

"I grew up around it and it was something I can remember being always interested in," said Retherford, whose company Glasstream Powerboats announced last week it will expand to Dothan and create 100 jobs initially.

 

Retherford said the company is working aggressively toward opening its Dothan location within 60 days. The City of Dothan and Houston County combined to purchase a building that will become Glasstream's manufacturing facility off Oxmoor Road near Napier Field Road.


 

more...

 

 


 7 questions with Troy Wayman on the state of economic development in Mobile

on April 10, 2014 

MOBILE, Alabama - The city of Mobile's Industrial Development Board covered a lot of ground during Tuesday's meeting, not the least of which was an impromptu question-and-answer session with Troy Wayman.

 

Wayman, vice president of economic development for the Mobile Area Chamber of Commerce, offered a little insight and a few progress reports regarding some of the city's higher profile projects and industries.

Q: How strong is Mobile's current economic development pipeline?

 

Wayman: We've probably got fewer (active) projects than we've had in the past,...but we're working on some new strategic marketing efforts on our own behalf to change that. Right now, we are looking at several local companies for expansions, specifically as it relates to the chemical industry with a lot of capital investment.


more...

 

[al.com]


 

 

 


 Huntsville's women leaders invited to first-ever Women's Economic Development Council conference this fall

on April 10, 2014 

HUNTSVILLE, Alabama - The Women's Economic Development Council will host its first-ever leadership conference this fall.

 

The WEDC 2014 Leadership Conference will be held Nov. 13-14 at The Westin at Bridge Street, featuring speakers and sessions designed to build and hone leadership skills.

 

"We will provide participants a Strengths Assessment Tool, insights on leadership, networking and mentoring opportunities, educational training materials, and a venue to build relationships," said Lane Fabby, WEDC Leadership Conference chair. "Our goal is to ensure this Leadership Conference is content rich and a high-quality event.


more...

 

[al.com]

 

 


 

 6 reasons America's economic developers just honored the Alabama Robotics Technology Park

on April 10, 2014 

DECATUR, Alabama - The national economic development websitebusinessfacilities.com has just given the Alabama Robotics Technology Park (RTP) near Calhoun Community College its "Achievement in Workforce Training" award.  Here are six reasons industrial recruiters love what the judges call "one of the world's most innovative and futuristic training centers."

 

1.The big players like it. Toyota, Honda and Navistar are some of the international companies who train their workers there.

 

2. It's state of the art. The equipment used for training is "the latest equipment from the world's top industrial robot makers and automation software firms, the award says.

 

more...

 

[al.com]

 


 Alabama-made SUV wins national manufacturing award

on April 11, 2014 

The Acura MDX, a luxury SUV produced at Honda's Talladega County factory, has been recognized with a national manufacturing award.

 

Honda and two of its suppliers won PACE Awards from trade journal Automotive News for an innovative industry breakthrough in door components. The MDX has the industry's first laser-welded, hot-stamped door ring.

 

The PACE Award recognizes Honda's vision of making the Acura MDX "lighter, stronger, safer and more fuel efficient." 


more...

 

[al.com]

 

 


 

4 things to know about Alabama's new crowdfunding law
 Brent Godwin Online editor-Birmingham Business Journal
Apr 10, 2014

Gov. Robert Bentley recently signed into a law a measure that is expected to help small businesses gain capital through crowdfunding.

 

Here are four things to know about the new crowdfunding law:

 

* Alabama startups can now use social media and advertising to raise up to $1 million for a business idea, with single investments capped at $5,000.

 

more...

 

[Birmingham Business Journal]


 

 


 

 

 

 


 

Kirchner Group adds former Chairman, President and CEO of Xerox Canada


Seasoned Executive brings over 40 years of experience in operations and transactions 


Birmingham, AL and Toronto, ON, 10 April 2014 -- Kirchner Group today announced that
Dr. Allan Kevin Francis LL.D has joined the firm. Kevin has decades of experience successfully building, leading and selling companies, ranging in size from mid-market to large multinationals.


Kevin will be active in the Kirchner Group's advisory, diagnostic, transaction and operational services. Kevin is the latest in an impressive list of senior executives to join Kirchner as the group continues its growing prominence as a leading traditional merchant bank.  

"We are very excited to have Kevin join our group. He is an excellent addition to our team and will be an invaluable asset to our clients," stated W.B. (Bud) Kirchner, Founder and CEO of the Kirchner Group. "Kevin is a perfect example of the kind of talent our firm continues to attract and in turn the kind of expertise we bring to every engagement. Kevin's extensive leadership experience in the technology sector also further deepens our technology domain resources."


Kevin has held a variety of positions with Xerox including Chairman, President and CEO of Xerox Canada, a $1.6B organization. He has also been Chief Executive Officer of Accelio Corporation, a leading global provider of Web-enabled business process solutions. During his tenure Kevin was integral to the company being successfully acquired by Adobe Systems. Kevin most recently served as Chief Executive Officer of Centerbeam Inc, a U.S. based IT managed service provider delivering managed cloud based IT services to users in 49 countries. Kevin led its successful acquisition in 2013 by EarthLink Inc. a one billion dollar IT services and communication firm.

"Kirchner Group is a great organization with a strong track record and I am honored to join their impressive team," added Kevin. "Kirchner's proprietary process and domain model provides unprecedented value to their clients, and I share the firm's belief that every company can become more valuable. I look forward to contributing my expertise and experience to our clients."



Kevin's current external appointments include Chairman of the Advisory Board with the Vershuren Centre for Sustainability in Energy and the Environment.


 

 

 

 

 

 

 




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