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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:
Southwest Alabama Workforce Development Council named among top 2 'collaborative' programs in the nation
UAB set to add faculty, boost R&D spinoffs, add departments in ambitious growth strategy
Alabama trade mission targets opportunities in Peru, Uruguay
Bidsters, an Alabama Launchpad Start-Up Competition winner, to open for business
Hyundai reports best sales month ever
Birmingham's Hoar Construction opens office in Washington, D.C., breaking ground on first project
Japan's Dai-ichi buying Birmingham's Protective Life for $5.7 billion

 


 

 

Southwest Alabama Workforce Development Council named among top 2 'collaborative' programs in the nation
on June 03, 2014

MOBILE, Alabama - The Southwest Alabama Workforce Development Council has been tapped by the National Fund for Workforce Solutions for a 2014 Chairman's Award in the "exemplary collaborative" category.

 

SkillUp Washington is the only other collaborative program nationwide selected for the 2014 honor.

 

"As a high-performing collaborative partner, SAWDC has established a proven track record of strong employer leadership in developing demand-driven training and credentialing programs that align closely with regional economic development priorities. It is not surprising that their efforts are gaining statewide and national recognition," said Fred Dedrick, executive director of the Boston-based National Fund, a nationwide partnership of communities, employers, workers and philanthropic organizations.

 

more...

 

[al.com]


 

 

  

 


 

UAB set to add faculty, boost R&D spinoffs, add departments in ambitious growth strategy
Cindy F. Crawford Editor-Birmingham Business Journal
June 3, 2014

Changes are coming to the University of Alabama at Birmingham, with plans to bolster new departments and programs, to recruit new faculty members and invest in more research and development for more spinoffs that could boost Birmingham's workforce, said Selwyn Vickers, dean of the School of Medicine.

 

UAB has a goal of being one of the top 20 academic medical centers that receive National Institutes of Health funds in the U.S. and Vickers outlined how they're going to get there at the Birmingham Kiwanis Club meeting Tuesday.

 

UAB is hoping to increase the amount it gets from NIH to fund more R&D projects that will lead to more jobs and spinoff companies that will grow and add good-paying, high-tech jobs to Birmingham, he said.

 

more...

 

[Birmingham Business Journal]

 

 

 

  

 


 

 Alabama trade mission targets opportunities in Peru, Uruguay


LIMA, Peru - Commerce Secretary Greg Canfield is leading an Alabama delegation that includes eight homegrown businesses on a week-long trade and business development mission that seeks to build commercial ties in Peru and Uruguay.

 

The Alabama team made its first stop in Lima, Peru's industrial and financial center, where on Monday it received a briefing on the country's economy from the U.S. Commercial Service at the U.S. Embassy. Later Monday, Secretary Canfield met with Edgar Vasquez, vice minister of foreign trade for Peru, for talks on ways to boost two-way trade.

 

"We are constantly working to open doors for Alabama businesses targeting new connections in overseas markets such as Peru and Uruguay because exports help lift Alabama's economy and create jobs," Canfield said. "At the same time, we want to forge new bonds on trade missions like this as a means of developing new relationships that we find can provide mutual economic benefit and lead to long-term growth for Alabama's economy."


more...

 

[madeinalabama.com]

 

  

 


Bidsters, an Alabama Launchpad Start-Up Competition winner, to open for business

IN NEWS / BY COPY EDITOR / 

ON JUNE 4, 2014 

 

Ben Bickerstaff always imagined that he would be "somewhere turning salt water into fresh water." 

 

A native of Anniston, Alabama, and a graduate of the University of Alabama civil engineering program, Bickerstaff is now founder and CEO of a company that solves a problem he first noticed as a cooperative education employee for a large construction company.

 

As an employee, Bickerstaff became involved in the industry, doing everything from making copies to finding companies to bid on contracted construction jobs.

 

"There is a process that the larger contractors have to go through to hire other companies or individuals, called subcontractors, to come work their professions on a certain project," he said.

 

more...

 

 


Hyundai reports best sales month ever

Brad Harper, Montgomery Advertiser
June 3, 2014

Hyundai celebrated the rollout of its redesigned Sonata by announcing Tuesday that May was its best U.S. sales month in company history.

 

The Montgomery-made 2015 Sonatas started arriving at dealerships last weekend. But May's record sales total was led by another Montgomery-made car, the Elantra.

 

The company sold more than 20,000 of each locally made model in May, and 70,907 vehicles in all. That's up 3.7 percent year over year.

 

May is traditionally a strong month for the auto industry. This year's sales got an extra boost from five weekends and sunny weather.

 

more...

 

 


 


Birmingham's Hoar Construction opens office in Washington, D.C., breaking ground on first project
on June 03, 2014 

BIRMINGHAM, Alabama - Hoar Construction has opened an office in Washington, D.C., where it plans to focus on high-rise residential, office, hospitality, healthcare, retail and mixed-use construction projects.

 

The Birmingham-based construction company's first project in the nation's capital will be Elysium Fourteen, a nine-story, 56-unit apartment project for owner Madison Investments. The project is scheduled to break ground this summer at 1925 14th St. Northwest. Those interested can follow the progress on Twitter or on Facebook.

 

Hoar's new office will include a team of seasoned industry veterans with years of experience working together in the Washington metropolitan area.


more...

 

[al.com]

 

 

 

 


 Japan's Dai-ichi buying Birmingham's Protective Life for $5.7 billion


BIRMINGHAM, Alabama - Japan's Dai-ichi Life Insurance Co. is purchasing Birmingham's Protective Life Corp. for $5.7 billion.

 

Tokyo-based Dai-ichi Life is paying $70.00 per share in cash for all outstanding shares of Protective Life.

 

"This transaction will enable Protective to deliver substantial, immediate cash value to our shareholders while maintaining our mission and continuing on our growth trajectory," Johnny Johns, Protective chief executive, said in a statement. "Dai-ichi Life and Protective are both committed to ensuring the financial success of customers, shareholders, distribution partners and employees. This transaction is a testament to the talent, dedication and excellent execution by the Protective employees and management team, and we are thrilled to be combining with such a prestigious, financially strong company as Dai-ichi Life."


more...

 

[al.com]

 


 

 

 




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