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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:
Limestone Co. robotics park to expand.
Mobile-based Marine & Industrial Supply considering $2.8 million expansion
Aerospace machine tool firm to expand near Ardmore
Women's Business Center of North Alabama launches TechRich defense cluster contract
South Korean auto parts maker KMIN to open first US plant in Alabama
Navistar in Huntsville moving along with engine plant consolidation, elimination of 280 jobs
Global sales for Mercedes-Benz register double-digit growth
Southern Research Institute builds facility to study solar power
5 takeaways from Gov. Robert Bentley's annual Alabama Update in Huntsville
Doster starts Halla Climate Control expansion
New advisory group forms in Samford's Brock School of Business
EGEN at HudsonAlpha in Huntsville to be acquired by leading cancer drug company

 


 

Limestone Co. robotics park to expand
By WAFF.com Staff
 Jun 11, 2014 
 
TANNER, AL (WAFF) -State officials are expanding the robotics park in Limestone County.

Governor Bentley announced the approval of $6 million in funds needed to create a new 50,000 square-foot building at the park in Tanner.

 

The new building will be the third at the Alabama Robotics Technology Park on US 31 across from Calhoun Community College. Students from Alabama colleges and representatives from businesses across the state come to the park to learn about the state-of-the-art industrial robot systems.

 

State leaders said it's already made thousands of jobs possible.

 

"The final phase of the robotics technology park will focus on allowing companies to build and adapt automation for new and existing manufacturing processes," Bentley said.


more...

 

[WAFF.com]

 

 

 


Mobile-based Marine & Industrial Supply considering $2.8 million expansion

on June 11, 2014 

MOBILE, Alabama - In order to accommodate increased manufacturing demand both in the United States and Mexico, Marine & Industrial Supply Co. Inc. is considering investing more than $2.8 million to expand its Mobile headquarters.

 

Herman J. Tinsley, senior project manager in the Mobile Area Chamber of Commerce's economic development department, said Wednesday both the company's Mobile and Prairieville, La., facilities are being considered for the expansion, and company officials are currently "assessing the economics of both sites."

 

Tinsley's comments came hours after the Mobile Industrial Development Board approved 10-year tax abatements totaling nearly $200,000, including $89,242 for sales and use taxes and $109,043 for ad volorem taxes.

 

more...

 

[al.com]

  

 


Aerospace machine tool firm to expand near Ardmore

By Bayne Hughes Staff Writer | 

June 11, 2014 

 

R&B Alabama LLC is planning a $3 million project that would create 60 jobs at Dekko Industrial Park, near Ardmore.

 

Openings at the machine tool company would pay an average of $18 an hour, Limestone County Economic Development Association President Tom Hill said Wednesday at the Limestone County Commission work session.

 

Hill said the company is a partner of Advanced Technical Avionics, and the two likely will share a building at the park.

 

R&B creates metal aviation and aerospace parts, he said.


more...

 

[Decatur Daily]



 

 


Women's Business Center of North Alabama launches TechRich defense cluster contract

on June 11, 2014 

HUNTSVILLE, Alabama - Technology-focused small businesses will now have access to technical assistance, coaching and training through a new $375,000 contract transferred to the Women's Business Center of North Alabama.

 

The U.S. Small Business Administration and WBCNA held a joint news conference this afternoon at the Chamber of Commerce of Huntsville/Madison County to announce the launch of the Huntsville Advanced Defense Technology Cluster Initiative, also known as TechRich - Technology Regional Innovation Cluster.

 

The contract was novated from the nonprofit Von Braun Center for Science & Innovation to the WBCNA, which is celebrating its 10th year in operation. Joanne Randolph, president and chief executive officer of the WBCNA, said rebranding the initiative as TechRich will give it more momentum in the small business community.

 

more...

 

[al.com]

 


 

 

 


South Korean auto parts maker KMIN to open first US plant in Alabama


LANETT, Alabama - South Korean auto parts maker KMIN announced plans to open its first U.S. plant in Chambers County, which has become a thriving hub for supplier operations as the Southeastern auto industry continues to expand.

 

Chambers County officials said KMIN, which manufactures and assembles parts for automobile seats as well as ancillary parts, intends to hire 80 full-time employees within a year. In three years, KMIN's workforce at the Valley facility should number 200 full-time associates.

 

KMIN, a subsidiary of South Korea-based Kwang Myung Industry Co. Ltd., plans to invest $17.3 million in the Alabama project.

 

"I have confidence that KMIN will find that Alabama has an excellent business climate in which to prosper," Valley Mayor Leonard Riley said. "We will work with the company to help them grow here."



[madeinalabama.com]

 

  

 


 

 Navistar in Huntsville moving along with engine plant consolidation, elimination of 280 jobs

on June 12, 2014 

HUNTSVILLE, Alabama - Efforts to eliminate 280 jobs and transfer Navistar's medium-duty truck engine production in Huntsville to Melrose Park, Ill., are underway.

 

On the heels of a $110 million gun plant announcement by Remington Outdoor Co., Navistar said in February it will look to save approximately $22 million in annual operating costs by idling its mid-range engine facility in Jetplex Industrial Park near Huntsville International Airport.

 

Navistar spokesman Steve Schrier said some of the company's engine manufacturing has already moved to Illinois as officials work to complete the consolidation over the next few months.

 

"We will continue to build mid-range engines in our Huntsville plant to meet customer demand in the months ahead and expect the consolidation will be complete toward the end of the summer," Schrier told AL.com.


more...

 

[al.com]

 


 


Global sales for Mercedes-Benz register double-digit growth
on June 11, 2014 

Worldwide sales of Mercedes-Benz vehicles, including those produced at the German automaker's Alabama plant, rose 10.4 percent in May.

 

Mercedes parent Daimler reported global deliveries of 134,031 vehicles last month. So far this year, sales are up 14 percent over 2013.

 

The company credited in part the redesigned C-Class sedan, which has gone into production at plants in Germany and South Africa. It is launching at the Tuscaloosa County factory and another plant in China this summer.


more...

 

[al.com]



 

 

 


 


Southern Research Institute builds facility to study solar power
on June 11, 2014 

BIRMINGHAM, Alabama - Southern Research Institute has completed construction of a solar power research facility on its Birmingham campus.

 

Research conducted at the new Southeastern Solar Research Center in conjunction with the Electric Power Research Institute may provide insight into the performance of solar power hardware in the South, said Institute Vice President Michael D. Johns.

 

"We are excited to host this research site, and pleased to be working with EPRI to advance this important technology," Johns said in a prepared statement.


 

more...

[al.com]

 

 

 


 

 


5 takeaways from Gov. Robert Bentley's annual Alabama Update in Huntsville
on June 11, 2014

HUNTSVILLE, Alabama - Alabama still has a long way to go, but communities like Huntsville/Madison County are putting an organizational structure into place that will reap benefits down the road.

 

That was Gov. Robert Bentley's message this afternoon during the Chamber of Commerce of Huntsville/Madison County's annual Alabama Update at the Von Braun Center's North Hall. About 800 business and community leaders attended the noon luncheon.

 

Bentley, who won the Republican nomination for governor last week, will face Democratic challenger and retired Huntsville physician Parker Griffith in the Nov. 4 general election.

 

Here are five takeaways from Bentley's visit today in Huntsville:

 

more...

 

[al.com]

 

 

 

 


 

 

Doster starts Halla Climate Control expansion 
Bryan Davis Reporter-Birmingham Business Journal
Jun 12, 2014

Doster Construction is helping Halla Visteon expand its Shorter, Alabama manufacturing facility.

 

Halla Climate Control will be adding an additional 70,000 square feet to an existing 290,000 square-foot facility, according to a release from the Birmingham-based general contractor.

 

Shorter is located east of Montgomery and employs more than 500.

 

more...

 

[Birmingham Business Journal]


 


 

 

 


 


New advisory group forms in Samford's Brock School of Business
Alan Alexander Reporter-Birmingham Business Journal
Jun 11, 2014

Twenty one members of Birmingham's business community have formed an advisory group within the Brock School of Business at Samford University to act as a resource for students.

 

The new group, which has yet to be named, is the result of two independent groups that had met separately but shared the same goal of not only acting as a resource for students but creating a council to provide advice on business-related matters and serve as a networking guide for members.

 

Associate dean of the Brock School of Business Chad Carson will act as the chair of the group and says that many students are already taking advantage of the opportunities.



more...

 

 

 


 

EGEN at HudsonAlpha in Huntsville to be acquired by leading cancer drug company
on June 10, 2014

HUNTSVILLE, Alabama - A privately-held biopharmaceutical company in Huntsville announced today it will be acquired by leading oncology drug development firm Celsion Corporation for $14 million.

 

EGEN, which specializes in the delivery of therapeutic nucleic acids (DNA and RNAi) for cancer and other tough-to-treat diseases, was founded 12 years ago. The resident associate business at HudsonAlpha Institute for Biotechnology will be combined with Celsion to create a "fully-integrated, oncology-focused research and development company," a news release said.

 

Khursheed Anwer, president and chief scientific officer for EGEN, said his company has developed technologies that overcome delivery barriers associated with nucleic acid-based therapies.


 

more...

 

[al.com]

 

 

 




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