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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:
Evonik to open Innovation Center, create 25 new jobs
2014 Alabama Launchpad registration deadline looms; $300K in start-up funding up for grabs
Factory-Job Rebound Produces Winners, Losers New Jobs Often Cluster in Midwest, South; Mobile Versus Syracuse
Working together - focus of LCEDA annual meeting
Auburn University opens $2.1 million magnet lab
More than 1,000 BMW motorcycle enthusiasts in Birmingham for rally
HudsonAlpha VP Named Chairman of the Board for BioAlabama

 


 

Evonik to open Innovation Center, create 25 new jobs
 Bryan Davis Reporter-Birmingham Business Journal
May 30, 2014

Evonik Corp. in Birmingham will open a global Innovation Center this year that will focus on research and development of medical devices and technology.
 

The lab will create 25 new high-paying jobs that will be filled with scientists and engineers.

 

The announcement was made Friday morning at Evonik's 750 Lakeshore Drive campus.

 

Evonik, a company that is active in more than 100 countries, spent $540 million in 2013 on research and development.

 

more...

 

[Birmingham Business Journal]

 

 

  

 


 2014 Alabama Launchpad registration deadline looms; $300K in start-up funding up for grabs

on May 29, 2014 
 

Fueled by the success of a program designed to promote, reward and increase the pipeline of high-growth, innovative ventures across the state, organizers of the 2014 Alabama Launchpad Start-Up Competition have boosted the payout in this latest round nearly three-fold to $300,000.

 

Aspiring entrepreneurs in need of a little early-stage funding have only until Sunday, however, to submit an application and a $150 non-refundable application fee, with the registration deadline expiring at midnight June 1.

 

Alabama Launchpad, the brainchild of the Economic Development Partnership of Alabama Foundation, allows "pre-seed" companies to compete in an entrepreneurial-infused environment for their share of a collective start-up funding pool. Competitors must prove their commercial relevance to a five-judge panel comprised of entrepreneurs, investors and corporate stakeholders.


 more...

 

[al.com]

  

 


 

Factory-Job Rebound Produces Winners, Losers New Jobs Often Cluster in Midwest, South; Mobile Versus Syracuse
By 
CAMERON MCWHIRTER, 
JAMES R. HAGERTY and 
TOM MCGINTY 
CONNECT
May 29, 2014 


MOBILE, Ala.-The U.S. has added about 650,000 factory jobs since their numbers rebounded after the recession, putting manufacturing workers at 12.1 million andreversing a long decline in such jobs. But uneven growth has created regional disparities in the nation's overall economic recovery.

 

Mobile County is among the winners.

 

Shipbuilder Austal Ltd. ASB.AU -1.32% 's facility here is busy seven days a week as workers piece together enormous aluminum sheets in a space the size of 13 football fields. It has added thousands of jobs since 2008 and plans more, thanks to huge U.S. Navy contracts.

 

Airbus Group and BAE Systems PLC, too, are adding factory jobs here. Mobile County created more manufacturing jobs than all but 15 U.S. counties after September 2009, and such jobs were up 31% in the county.

 

more...

 

[Wall Street Journal]

 


Working together - focus of LCEDA annual meeting

By Lora Scripps

 May 30, 2014  

The importance of working together was the main topic of the Limestone County Economic Development Association's annual meeting Thursday.

TVA Board Chairman Joe Ritch, who served as the event's keynote speaker, said it is important for the entire area to work together.

Ritch said that for a number of years entities were so busy working against each other it cost benefits for the area. He referred to a push to bring jobs to the area in the early-90s, but the prospect ended up backing out because cities and counties (except Limestone County) were pitting one against the other. 

 

more...


 

 


 Auburn University opens $2.1 million magnet lab

Kristen Oliver | Opelika-Auburn News | 
May 29, 2014

A one-of-a-kind laboratory featuring a 6,000-pound superconducting magnet opened at Auburn University Thursday.

 

Auburn's Department of Physics in the College of Sciences and Mathematics introduced the Magnet Laboratory, housed in the Leach Science Center on campus. The facility will allow for local, national and international plasma physics research.

 

"This has been a five-and-a-half-year process," said Dr. Edward Thomas, Auburn physics professor who spear-headed the laboratory development. "... It's been an amazing process. A lot of folks, students, faculty and many, many collaborators have helped with this project."

 

Thomas said they hope to collaborate with other entities on studies as early as the end of 2014 or the beginning of 2015. The construction of the lab and the 6,000-pound magnet was possible through Auburn University funds and a National Science Foundation grant.

 

"We have a grant we received from the National Science Foundation that allows us to do some special dusting plasma work that will help us understand some activities in outer space," said Dr. John Mason, vice president for research and economic development. "We can actually replicate outer space here on Auburn's campus, in a very small sense."


more...

 

[Opelika-Auburn News]

 

 


More than 1,000 BMW motorcycle enthusiasts in Birmingham for rally

on May 30, 2014 

BIRMINGHAM, Alabama - More than 1,000 BMW motorcycle lovers from across the U.S. are in Birmingham through Saturday for the annual BMW Riders Associationrally, which for the first time is being held at Barber Motorsports Park.

 

BMW owners will attend seminars on riding skills, bike tuning, maintenance and safety and will participate in parade laps around the park's 2.3-mile road course.

 

The event attracts BMW enthusiasts from all over the U.S. and Europe, with members from the U.S. riding their bikes from as far away as Vermont and California to attend.

 

more...

 

[al.com]



 

 


 

 


 

 

HudsonAlpha VP Named Chairman of the Board for BioAlabama

 

 

BIRMINGHAM, Ala. - May 29, 2014 - HudsonAlpha Vice President for Economic Development Carter Wells assumed the role of chairman of the board for the life science trade organization BioAlabama today at the organization's annual meeting in Birmingham.

 

"We are fortunate to have a strong biotechnology community which already has a significant economic impact on the state," said Carter Wells, who is responsible for steering the economic development mission at the HudsonAlpha Institute for Biotechnology. "HudsonAlpha is thrilled to partner with BioAlabama to continue the focus on strategic initiatives that will strengthen existing talent, drive economic development and ensure that Alabama reaches its full potential as a leader in the life sciences industry."

 

HudsonAlpha President and Director Rick Myers said the symposium was an excellent opportunity for the Institute to share the exciting and innovative work going on at HudsonAlpha with like-minded individuals and groups from across the state, including Mobile, Auburn, Tuscaloosa, and Birmingham, among others.

 

"HudsonAlpha adds to Alabama's presence in the life sciences while continuing to grow our presence and contribute scientifically at the national and international levels," Myers said.

 

The annual meeting included a science symposium during which Myers and HudsonAlpha faculty investigator Greg Cooper, Ph.D., updated members of Alabama biotech industry and academia on HudsonAlpha's use of genomic and genetic research to understand human health and disease. Cooper specifically discussed the Institute's pediatric genomic research and the goal of identifying root genetic causes in children with unexplained childhood disorders.

 

"We are well on our way to use novel genomic technologies to provide diagnoses to hundreds of children with unexplained genetic conditions in North Alabama," Cooper said. "We are also learning many new things about how our genes shape our lives and contributing to general knowledge that may ultimately lead to better diagnosis, treatment and prevention of many diseases."

 

The science symposium focused on drug discovery, diagnostics, medical devices and genomics. Randall Moreadith, M.D. and CEO of HudsonAlpha associate company Serina Therapeutics, presented information on the use of a next-generation polymer for drug delivery and the use of the polymer in a therapeutic treatment for Parkinson's disease.

 

The theme for the 2014 BioAlabama Annual Meeting was "Bridging the Gap between Corporation and Academics in the Biotechnology Industry."

 

"This meeting provides a great forum for us to highlight the cutting-edge research, development and commercialization coming out of our leading institutions and life science companies," said Kathy Nugent, Ph.D., President of BioAlabama. "We are proud to report that the Alabama life sciences industry continues to grow and be recognized globally for exciting contributions to human and environmental health."

 

 

 

About BioAlabama: BioAlabama is a statewide non-profit organization representing Alabama's bio related industries, research scientists, clinicians and business professionals who are working together to foster, develop and support the life sciences in Alabama. BioAlabama is the state affiliate in Alabama of the Biotechnology Industry Organization (BIO), the preeminent national association of biotechnology companies.

 

About HudsonAlpha: HudsonAlpha Institute for Biotechnology is a nonprofit institute dedicated to innovating in the field of genomic technology and sciences across a spectrum of biological problems. Its mission is three-fold: sparking scientific discoveries that can impact human health and well-being; fostering biotech entrepreneurship; and encouraging the creation of a genomics-literate workforce and society. The HudsonAlpha biotechnology campus consists of 152 acres nestled within Cummings Research Park, the nation's second largest research park. Designed to be a hothouse of biotech economic development, HudsonAlpha's state-of-the-art facilities co-locate scientific researchers with entrepreneurs and educators. The relationships formed on the HudsonAlpha campus allow serendipity to yield results in medicine and agriculture. Since opening in 2008, HudsonAlpha, under the leadership of Dr. Richard M. Myers, a key collaborator on the Human Genome Project, has built a name for itself in genetics and genomics research and biotech education, and boasts 26 biotech companies on campus.

 

 

 


 




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