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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:
Record turnout expected for regional auto industry conference planned in Birmingham
Birmingham No. 2 in the nation in millennial homebuyer growth
At Farnborough, Alabama cities connect with aerospace contacts
Hilson expects more growth in Alabama's hot auto sector
At Farnborough, Alabama universities play role in aerospace talks
UAB reaches halfway mark of $1 billion fundraising campaign, the largest in school history
Have you nominated someone yet? 2014 Alabama Launchpad Innovation Awards

 


 Record turnout expected for regional auto industry conference planned in Birmingham

on July 16, 2014


BIRMINGHAM, Alabama -- The Alabama Automotive Manufacturers Associationwill hold the annual Southern Automotive Conference this fall in Birmingham, an event that is expected to attract more than 500 industry professionals.

 

The annual trade show rotates each year among sites in Alabama, Tennessee and Mississippi. This year's event will be held Oct. 8 to 10 at the Birmingham-Jefferson Convention Complex.

 

It is a forum for automakers and major suppliers to show off new products, share best practices and discuss strategies to strengthen the region's industry.

 

 more...

[al.com]

 

 

 

 


 Birmingham No. 2 in the nation in millennial homebuyer growth


BIRMINGHAM, Alabama - The Birmingham area ranks second in the nation when it comes to attracting millennial homebuyers, according to a new report.

 

Builder magazine said the growth in homebuyers age 18-34 increased at such a rate between 2012 and 2013 to catapult the Birmingham-Hoover metro area into the No. 2 spot in the nation, just behind Honolulu.

The metro area added 23.9 percent more millennial homebuyers in 2013 than the previous year, according to the report.

 

"The 23.9 percent spike in millennial new-home sales from 2012 to 2013 occurred despite a $52,100 rise in median closing price to $224,700 in 2013," the magazine's summary of Birmingham-Hoover said. "Millennial buyers accounted for approximately 20 percent of new-homes sold in 2013."


more...

 

[al.com]

 

 

 

 


At Farnborough, Alabama cities connect with aerospace contacts


LONDON, England - Matt Parker, president of the Dothan Area Chamber of Commerce, scurried down a crowded corridor in one of the pavilions at the Farnborough International Airshow for a scheduled meeting during the aerospace industry global trade event.

 

Like many in the Alabama delegation at the air show, Parker had a full dance card during the event, which draws decision-makers from thousands of aerospace companies from around the world and often sets the stage for negotiations that lead to deals.

 

"Farnborough is a good show for us because we have such a diverse aerospace/aviation base in Alabama and in our area," he said.

 

Parker was at Farnborough accompanied by a team of economic developers and city leaders from the Wiregrass area (Southeast Alabama) that has taken aim at expanding the region's aerospace cluster, which is centered around Fort Rucker, the primary training center for U.S. Army helicopter pilots.

 

more...

 

[madeinalabama.com]

 

 

 


 

Hilson expects more growth in Alabama's hot auto sector
Bryan Davis Reporter-Birmingham Business Journal
July 16, 2014

Automobile manufacturers and their suppliers are expanding their operations, especially in the Southeast.

 

Alabama and the Birmingham region have already reaped some of the rewards from the industry's resurgence, and more could be on the horizon. But will the trend continue or run out of gas?

 

I recently spoke with Brian Hilson, president and CEO of the Birmingham Business Alliance, about the automotive industry's recent growth and whether it can continue. From his perspective, he said there is more room to grow in Alabama - even after a stretch of multimillion-dollar expansions by Mercedes, Honda and Hyundai and the supplier growth that followed those projects.

 

 more...

 

[Birmingham Business Journal]

 

 

 

 


 

At Farnborough, Alabama universities play role in aerospace talks

LONDON, England - Team Alabama's secret weapon at the Farnborough International Airshow is the state's education community, which has played a strong supporting role in efforts to recruit new aerospace investment and jobs at the industry's global trade event.

 

Representatives from the University of AlabamaUAH, and Auburn University participated in rounds of company meetings on Monday and Tuesday, as did Dr. Mark Heinrich, chancellor of the Alabama Community College System, which is deeply involved in workforce development programs.

 

Their participation signals the need by aerospace companies such as Boeing, Sikorsky and United Technologies for research partnerships, engineering talent and workforce training, according to Alabama Commerce Secretary Greg Canfield.

 

Alabama's universities already are engaged in many partnerships with aerospace firms. A group from Auburn University's engineering school attended a Tuesday air show announcement by GE Aviation that it would launch an additive manufacturing operation at its Auburn facility, the first time a jet engine component will be mass produced using 3-D printing technology.



more...

 

 

 



 UAB reaches halfway mark of $1 billion fundraising campaign, the largest in school history

 

BIRMINGHAM, Alabama - The University of Alabama at Birmingham (UAB) is halfway to reaching the $1 billion goal of its current fundraising drive, the largest in the history of the school, and officials says the money raised will benefit the city and region, not just the campus.

 

More than 74,000 donors have contributed more than $500 million to The Campaign for UAB, according to a UAB news release on Monday. 

 

The public phase of The Campaign for UAB launched in October 2013 and will run through 2018. The campaign allows donors to choose what efforts their donations support. 

 

The money donated is to be used for a wide variety of purposes, including support for research, economic development and technology-transfer efforts, recruitment of top-quality faculty members, enhanced campus facilities and improvements to the student experience on campus. 

 

more...

 

[al.com]

 

 

 

 


 

Have you nominated someone yet? 2014 Alabama Launchpad Innovation Awards

  

Don't miss the opportunity to nominate yourself, your business or someone else for the 2014 Alabama Launchpad Innovation Awards, presented by the Economic Development Partnership of Alabama Foundation.

 

Winners will be honored on Sept. 25 at an Awards Ceremony Dinner at WorkPlay, Birmingham.

 

 On Sept. 26 at the Birmingham-Jefferson Convention Complex, winners will be recognized by Gov. Robert Bentley and will be invited to a private breakfast and book signing with Peter H. Diamandis, CEO of the XPRIZE Foundation and our keynote speaker for the Fourth Annual Innovation and Entrepreneurship Conference.

 

Nominations end July 31st!

 

 Visit alabamalaunchpad.com/innovation/innovation-awards/ to make a nomination.

 

  

 

 

 

 

 

 




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Val Walton
   
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