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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:
Plant to bring new jobs to Leeds
Magazine says Alabama home to 4 of South's most 'elite' business meeting spots
SBA and SCORE to mentor entrepreneurs over age 50
Pelham's Commercial Development Authority recruiting new businesses, helping existing ones
Montgomery economic optimism hits 8-year high
Oxford council approves tax abatements for expanding company
Alabama looks to strengthen trade ties with South Korea, Taiwan

 


 

 

Plant to bring new jobs to Leeds
By Will Heath

LEEDS - The City Council hopes to bring over 100 new jobs to the area by paving the way for a new manufacturer.

 

At its regular meeting Monday night, the Council unanimously approved separate resolutions authorizing tax incentives for Engineered Plastic Components, a company that produces plastic injection molded products. The company hopes to locate on Dunnavant Road (Ala. 25), at what is now the site of Alabama Venetian Blinds.

 

"It will serve as their headquarters for the Southeast," said Jeff Traywick, Senior Project Manager for Economic Development with the Birmingham Business Alliance.

 

Traywick told the Council that the company will bring 110 jobs, with a capital investment of $7.2 million. All of the jobs will be new hires, he said.



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 Magazine says Alabama home to 4 of South's most 'elite' business meeting spots

on April 22, 2014 

Four Alabama venues have been honored as "elite" business meeting places byConventionSouth. 

 

The magazine says the Jackson Center in Huntsville, Auburn Marriott Opelika Hotel & Conference Center at Grand NationalCahaba Grand Conference Center in Birmingham and Kaiser Conference and Business Center in Orange Beach all rank among the 50 best meeting spaces in the South. 

 

ConventionSouth said its ranking are based on available meeting technology and amenities; facility aesthetics, décor and appearance; and comments from meeting planners.

 

"The conference centers on this elite list are some of the coolest and most meetings-minded in the South," said Marlane Bundock, the magazine's associate publisher and editor. "They each offer meeting planners and their attendees a unique set of features such as technology and aesthetics, and are able to host a diverse range of gatherings from cutting-edge business meetings to well-orchestrated social events."

 

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[al.com]

 

 


 

 

 

 


 

SBA and SCORE to mentor entrepreneurs over age 50
Reporter-Birmingham Business Journal
April 22, 2014

The U.S. Small Business Administration'sAlabama district office and the Service Corps Retired Executives' Birmingham chapter will hold a speed mentoring event in Birmingham April 29 to promote entrepreneurship among individuals ages 50 and older.

 

SCORE counselors will provide mentoring to beginning and existing entrepreneurs in the 50-plus-age bracket in 15 to 20 minute time slots.

 

The event will have two sessions, from 9 a.m. to 11 a.m. and from 1 p.m. to 3 p.m., at the SBA Alabama district office on Tom Martin Drive. The event is free, and pre-registration is not required.


 

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 Pelham's Commercial Development Authority recruiting new businesses, helping existing ones

on April 22, 2014
 
Pelham City Councilman Ron Scott says the municipality's new Commercial Development Authority will work on retaining existing businesses as well as recruiting new ones. 

PELHAM, Alabama - Pelham's decision to form the Commercial Development Authority board is about bringing in new retailers as much as supporting existing ones, leaders said at today's Pelham Business Council meeting.

 

"I will tell you we continue to have interest in the Pelham community with retailers that are looking at us and we hope to have some announcements in the days to come that are going to be very exciting," City Councilman Ron Scott said.

 

He added, "Make certain you understand this board also serves the revitalization and retention.


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[al.com]


 

 


Montgomery economic optimism hits 8-year high

Brad Harper, Montgomery Advertiser
 April 22, 2014

Montgomery's business community expects more growth and success this spring than at any time since 2006, according to a new survey of executives.

 

The quarterly Business Confidence Index asks business leaders to predict things like profit and hiring for their company for the next few months. The new study from the University of Alabama's Center for Business and Economic Research (CBER) shows that executives in the city are more optimistic about the second quarter of 2014 than their counterparts in other areas of Alabama. However, Alabama business leaders had positive outlooks on the national and state economy during the spring.

 

Faith in a rebounding state economy was one of the key factors that helped carry the area to the top of the list. Study organizer Carolyn Trent, a socioeconomic analyst for CBER who organized the study, pointed out that the survey was conducted during the legislative session.



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Oxford council approves tax abatements for expanding company
By Eddie Burkhalter
Apr 22, 2014 

OXFORD - The City Council agreed Tuesday to offer tax breaks to an expanding company looking to create 10 new jobs.

The council agreed at Tuesday's meeting to forgo charging Manufacturing Technology and Services and JARA Properties, a Talladega real estate investment company, non-educational ad valorem and property taxes for 10 years.

Ronnie Smith, owner of Manufacturing Technology and Services and JARA Properties, plans to relocate to a new 10,000-square-foot facility at 803 Bama Drive in Oxford.

Council members in Nov. 2013 agreed to rezone the commercial building from "neighborhood shopping center" to "light manufacturing."

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Alabama looks to strengthen trade ties with South Korea, Taiwan
on April 22, 2014 

MONTGOMERY, Alabama -- The Alabama Department of Commerce is eyeing stronger trade ties with Asia and recently led a delegation of state leaders to South Korea and Taiwan.

 

The trip earlier this month included economic developers and community leaders who hail from communities across the state. Representatives of Alabama Power, PowerSouth and the Bradley Arant law firm also were a part of the group, as were the mayors of Montgomery, Eufaula, Florence and Opelika.
  

Alabama has developed a close relationships with dozens of South Korean companies because of Hyundai, a South Korean automaker which has its only U.S. plant in Montgomery, said Commerce Secretary Greg Canfield.



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