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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:
Jetplex Industrial Park in Huntsville could be in running for automotive, medical device projects
Hard work paves way for plant's sale
Auto supplier plans expansion, no new jobs expected
Amid closings, Shoals tops list in national study
Can Kaiser facility launch Birmingham's aerospace industry?
Overseas Companies Look to China as U.S.'s Curse Inc. Scores New Funding

 


 

 Jetplex Industrial Park in Huntsville could be in running for automotive, medical device projects

on July 08, 2014

HUNTSVILLE, Alabama - Huntsville International Airport's Jetplex Industrial Park is among several sites in the southeastern U.S. and Mexico competing for anautomotive project that recently resurfaced after it was put on hold for several months.

 

The project, which was tabled due to market conditions, is now back in full swing. The company is looking to develop a short list of potential sites within the next several weeks.

 

Brooks Kracke, director of Jetplex Industrial Park, told the Huntsville-Madison County Airport Authority this morning that they continue to have discussions with the unnamed company, which visited the park last year.

"We're still in the game," he said. "We're one of 10 sites. They've got to come down between 3-5 sites."


more...

 

[al.com]

 

 


Hard work paves way for plant's sale

By Mitch Sneed

July 8, 2014


While Monday afternoon's announcement of the pending sale of the Fruit of the Loom garment decoration and screen print operation to Aprinta took some by surprise, it didn't come without plenty of work behind the scenes.

 

For several months, local leaders and elected officials have been working to pull all the pieces together and lure Aprinta to Alexander City.  While the corporate press release didn't make mention of it, the deal was the product of an all-out cooperative effort, officials said Tuesday.

 

The new company will keep the 60 or so employees currently working in the former Russell Plant No. 9 building on the job, but said that as many as 500 new jobs will come over the next four years. Aprinta is one of the leading manufacturers of promotional items in the country, with seven plants currently operating.

 

Much of that high-tech operation will be coming to Alexander City, Aprinta CEO Billy Dolan said Monday.

Lake Martin Area Economic Development Alliance Executive Director Don McClellan has been a part of the team that helped pitch the area to Aprinta and Dolan.

 

more...

 

[Alex. City Outlook]

 

 

 

 


Auto supplier plans expansion, no new jobs expected

by Eddie Burkhalter

July 8, 2014

 

OXFORD - A previous expansion at an Oxford auto supplier added more jobs than had been expected, and city officials agreed Tuesday to continue a previous tax abatement for the company for another 10 years.

 

Hoover Universal and Johnson Controls operates the manufacturing facility on Alabama 202 in Eastaboga in joint partnership with Bridgewater Interiors. The company, which opened in 2003, makes seats and interior parts for the Honda automotive plant in Lincoln.

 

Bridgewater employs more than 435 workers, said Don Hopper, executive director of the Calhoun County Economic Development Council. City officials expected the $4.2 million expansion to create 87 new jobs in 2013. That number, however, turned out to be 187, they said.  

 

more...

 

[Anniston Star]

 

 

 

 


 

Amid closings, Shoals tops list in national study

By Bernie Delinski Staff Writer | 

July 8, 2014

 

A website's national study on manufacturing jobs awards the Shoals a No. 1 ranking, although it's a bittersweet mark on the heels of recent announcements of local factory closings.

 

The Shoals ranked No. 1 in the Best Cities for Manufacturing Jobs 2014 List, according tonewgeography.com, which conducted the study.

 

The Shoals bested the nation's 357 Metropolitan Statistical Areas whose employment figures are analyzed by the U.S. Bureau of Labor Statistics to achieve the ranking.

 

Newgeography.com analyzes and discusses places where people live and work. It studies economic development, metropolitan demographics and community leadership.

 

more....

 

[Times Daily]

 

 

 


 

Can Kaiser facility launch Birmingham's aerospace industry?
Reporter-Birmingham Business Journal
July 8, 2014

When it was announced in June Alabama would be sending representatives to the Farnborough International Air Show this month to court more investments from the aircraft industry, state officials said it was too early to discuss the state's plans for the critical industry event.

 

But after last week's announcement thatGraham & Co.'s industrial team is now marketing the Kaiser Aircraft facility to international companies, there's no doubt the massive 180-acre site will figure into the state's plans for the air show, which starts July 14.

 

Graham & Co.'s Ogden Deaton said this week the Alabama delegation will be taking marketing materials to London that detail the site he described as "very unique."

 

"It's hard to attract companies to Birmingham unless you have an existing facility," Deaton said.

The 1.7 million square feet that makes up the Kaiser property is unique by itself, but he said the fact that it is adjacent to Birmingham-Shuttlesworth International Airport makes it even more marketable


 more....

 

[Birmingham Business Journal]



 

 

 


Overseas Companies Look to China as U.S.'s Curse Inc. Scores New Funding

By Sonja Cheung

July 8, 2014

 

Curse Inc., a U.S. online gaming media company, has landed a $10 million round of equity to help develop a voice chat system that's similar to a product used by online gamers in China, as an increasing number of overseas businesses look to China for technology ideas.

 

The tables have turned in the last few years after Chinese companies were often criticized for adopting or rejigging ideas derived from U.S. or European businesses and then localizing them for the mainland market.

 

Curse has developed a beta version of a chat system that can be used by gamers, typically those of massively multiplayer online games, where numerous people often need to coordinate and play together.

 

 The messenger, known as Curse Voice, has 1.5 million active users on a monthly basis while still in the beta mode, said Hans Tung, managing director at GGV Capital, which was the lead investor in the new Series B round.


more...

 

[Wall Street Journal]

 

 




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