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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:
Incentives outlined for Vulcan Industries' expansion in Moody
AIDT hosts grand opening for $7 million Alabama Aviation Training Center in Mobile
Economic development director speaks in Trussville
Nine Birmingham suburbs named top cities for homeownership
Auto demand prompts suppliers to expand
Airbus taps DHL Global Forwarding to transport A320 family aircraft components from Hamburg, Germany, to Mobile

 


Incentives outlined for Vulcan Industries' expansion in Moody

on June 24, 2014 
 

MOODY, Alabama -- Vulcan Industries' plan to expand its facility in Moody in a $5.1 million project involves an incentives package worth about $430,000.

 

The company, part of Birmingham-based EBSCO Industries Inc., produces fixtures and merchandising displays.

 

The expansion will add about 100,000 square feet to the existing facility and initially create seven jobs. Vulcan's current work force there numbers 220 people, including 140 who are full-time.

 

 more...

 

[al.com]

 

 

 


AIDT hosts grand opening for $7 million Alabama Aviation Training Center in Mobile

on June 24, 2014 

MOBILE, Alabama - Airbus celebrated the latest milestone Tuesday in an eight-year partnership with Mobile and the surrounding communities, and it did not take place on the site of its future A320 final assembly line under construction in the Port City.

 

Although operational for more than one month, the Alabama Industrial Development Training program's $7 million Alabama Aviation Training Center hosted its grand opening Tuesday with city and county leaders standing shoulder-to-shoulder with state economic development officials and Airbus executives, each eager to praise the facility's role in continued investment.

 

"This is going to be a very impressive aerospace community. It all starts with people and this is where we train the people," Allan McArtor, chairman and chief executive officer of Airbus Group Inc., told AL.com moments before the formal ceremony began.


 more...

 

[al.com]

 

  

 


 

 Economic development director speaks in Trussville

By Gary Lloyd
June 23, 2014

TRUSSVILLE - Jim Searcy, the executive director of the Economic Development Association of Alabama, spoke to the Trussville Area Chamber of Commerce last Thursday at the Trussville Civic Center.

 

Searcy spoke about the positive impact the automotive industry has had on the state of Alabama.

 

 Because of that positive impact, many other companies are moving or have moved their operations to Alabama. Airbus, for example, has invested $600 million in its new facility, which should be completed in 2015.

 

more...

 

[Trussville Tribune]

 

 

 

 

 

 


 

Nine Birmingham suburbs named top cities for homeownership
 Bryan Davis Reporter-Birmingham Business Journal
Jun 23, 2014

Nine out of 10 suburbs named the top 10 best Alabama cities with a population over 10,000 for owning a home are located in Birmingham.

 

NerdWallet crunched numbers of best Alabama cities to own a home and named Chelsea No. 1 with an 89.9 percent homeownership rate. It also has a median monthly household income of $6,965, homeowner costs took up 24.2 percent of that monthly income.

 

The Center for Business and Economic Research at the University of Alabama said the state could add as many as 25,000 new jobs in 2014. And quality jobs often lead to homeownership.

 

more...

 

 


Auto demand prompts suppliers to expand

David Sedgwick
June 23, 2014

DETROIT-North American vehicle production has grown to the point where it's no longer enough for suppliers to run an extra shift to keep up with customer demand. 


After years of dragging their feet, companies have no choice but to build or expand factories-and that's precisely what they're doing. 

"Nobody anticipated the industry would come back at the rate that it did," said Danny Infusino, Martinrea International Inc.'s head of business development and engineering. The supplier is based in Vaughan, Ontario. 

In April, Martinrea began constructing a plant in Riverside, Mo., to make engine cradles for General Motors Co.'s site in Fairfax, Kan., which is three miles down the road. "There is a lot of juggling going on," Infusino said. "The plants are running six or seven days a week." 


 

more...

 

[RubberNews.com]

 

 


 Airbus taps DHL Global Forwarding to transport A320 family aircraft components from Hamburg, Germany, to Mobile

on June 23, 2014 

MOBILE, Alabama - Airbus has selected DHL Global Forwarding to transport A320 family components and general cargo from the aircraft manufacturer's production site in Hamburg, Germany, to its final assembly line under construction at Mobile Aeroplex at Brookley.

 

Christoph Remund, DHL's chief executive officer, called the Airbus A320 family the world's "best-selling single-aisle aircraft family" and said his company, in turn, recognizes the high-value equipment "must be handled with extreme care to ensure optimal performance."

 

"With our team of highly trained professionals we have worked diligently to plan the best multimodal transport solutions to move these components close to 5,000 miles to their ultimate destination," Remund said in a prepared statement.


more...

 

[al.com]


 

 




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