EDPA NewsFlash

 

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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:
Wingfield Expansion Begins
Investment group could benefit small businesses
PNC: Things looking up for north Alabama's economy in 2014
Alabama's top paid tourism destination in Huntsville gets another accolade from TripAdvisor
Closing the gap: Toyota Alabama, Calhoun launch advanced manufacturing program for students
Montgomery Chamber to hold IT Forum June 4

 


 Wingfield Expansion Begins

By Alethia Russell

 May 22, 2014

Outlook Staff Writer

 

Wingfield Engineering Company began construction on their expansion project.

 

The Lake Martin Economic Development Alliance conducted an existing industry visit to Wingfield Engineering Company.

 

Through the visit LMEDA assisted Wingfield with tax abatements and economic and educational opportunities for the expansion project.

 

The company has served Goodwater and the surrounding areas for 53 years building state-of-the-art control panels and custom equipment centers.

 

Wingfield uses water jet and fabrication techniques to make custom control panels and packaged electrical equipment centers among other things.


more...

 

[Alex. City Outlook]


 


 Investment group could benefit small businesses

by Jennifer Calhoun

May 22, 2014

 

Dothan could soon have an entire network of angels flocking around town.

 

But they aren't the kind of angels you might think

.

These angels are people, who invest money in start-up businesses to make money and help out entrepreneurs, said Jim Corman, founder and managing partner of the Angel Investor Management Group.

 

Corman spoke to a group of potential AIM Group investors Thursday at the Dothan Country Club. His goal is to form an AIM chapter in Dothan and the Emerald Coast of Florida, which would be part of a larger network of chapters already located in Auburn, Birmingham, Huntsville, Mobile and Montgomery. Investors in the group are required by the Security and Exchange Commission to have at least $1 million in assets.


more...

 


 

PNC: Things looking up for north Alabama's economy in 2014
 
Economists with PNC Financial Services Group expect northern Alabama's economic recovery to strengthen in 2014, with the pace of job growth forecast to approximately match the U.S. over the next couple of years. 

 

That's welcome news for an area that has been trailing the U.S. in job growth for five years, according to Pittsburgh-based PNC's second-quarter market outlook.

 

The report said the private sector for PNC's market stretching from Montgomery north to Huntsville is on a more solid group when compared to the public sector, which had been the most significant weight on the local economy for the past three years.


more..

 

[Birmingham Business Journal]

 

 

 

 

 


 Alabama's top paid tourism destination in Huntsville gets another accolade from TripAdvisor

on May 22, 2014 

HUNTSVILLE, Alabama - It was named the state of Alabama's most frequented paid tourism destination with more than 584,000 visitors in 2013.

 

This month, the U.S. Space & Rocket Center received a Certificate of Excellence award from TripAdvisor for the second straight year.

 

TripAdvisor, which recognizes establishments and businesses with consistently positive traveler reviews on its website, uses a proprietary algorithm that looks at reviews and ratings of the award winners.

 

Businesses must maintain a TripAdvisor rating of at least four out of five and have a large number of recent customer reviews. An establishment's tenure and popularity ranking on the website are also taken into account.


more...

 

[al.com]

 


 

 

 


Closing the gap: Toyota Alabama, Calhoun launch advanced manufacturing program for students

on May 22, 2014 

HUNTSVILLE, Alabama - Hoping to close the gap of unfilled skilled technician jobs across the state, Toyota Motor Manufacturing Alabama announced today the launch of a new education-to-work initiative with Calhoun Community College.

 

The Advanced Manufacturing Technician program gives students the opportunity to get hands-on experience in the manufacturing sector, while also earning enough pay to graduate debt free with an Associate of Applied Science in Advanced Manufacturing degree.

 

The five-semester initiative also includes a collaborative known as the Alabama Federal for Advanced Manufacturing Education, which allows local companies to participate in the workforce development program.

"Skilled technician is currently the No. 1 unfilled job opening the U.S., according to the National Association of Manufacturers," said Jim Bolte, president of Toyota Alabama, in a statement. "As technology increases, so does the need for skilled technicians at our facility."

 

more...

 

[al.com]

 

 

 


 

 

Montgomery Chamber to hold IT Forum June 4

 

MONTGOMERY, Ala. - The Montgomery Area Chamber of Commerce IT Forum will take place Wednesday, June 4 from 11:30 a.m. to 1 p.m. at the Capital City Club, 201 Monroe St., Montgomery.

 

Held quarterly, the Chamber's IT Forum features speakers and presentations vital to information technology professionals, as well as anyone whose business requires knowledge of the latest technology. At the June 4 forum, speaker Lee Angelelli with IBM will discuss tools and techniques organizations can use to efficiently manage multiple and sometimes complex forms of data.

 

Admittance is $25 for Montgomery Chamber members and $30 for nonmembers. To register, visit www.montgomerychamber.com/ITforum, or call 334-230-8361.

 




 

 

 

 


 

 




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