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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:
Generics Bidco gets $30,000 grant to train 125 employees in Huntsville
U.S. Coupling doubles work space, plans to add jobs
Innovative Hearth heats up Russellville economy
What do you know about Birmingham's tech startup community?
SEDA program could be extended
Alabama ranks in Top 10 of one of NAIOP's four real estate development categories
Meet the Most Influential: Innovation Depot's Devon Laney
Countdown to nominate! 2014 Alabama Launchpad Innovation Awards
High Tech Seeks High Yield
INVOTEK RECEIVES $175,000 NATIONAL INSTITUTES OF HEALTH AWARD

 


 Generics Bidco gets $30,000 grant to train 125 employees in Huntsville

on July 21, 2014 

HUNTSVILLE, Alabama - A generic pharmaceuticals company is getting a $30,000 grant from the U.S. Department of Labor to help train up to 125 workers at its Huntsville facility.

 

Generics Bidco, which plans to contribute $127,025 toward training costs, will use the funds to teach management, leadership and workplace safety skills to its front-line managers and middle-management employees. Calhoun Community College will handle the training at its Decatur campus.

 

Gov. Robert Bentley announced the DOL award, which is being administered by the Alabama Department of Economic and Community Affairs.


more....

 

[al.com]


 

 


 U.S. Coupling doubles work space, plans to add jobs

by Jennifer Calhoun

July 21, 2014

 

When Bob and Cathy Gourlay first started making coupling parts for fire hoses in northern Virginia in 2004, they had no idea their business would grow so fast -- and so far.

 

In 2006, the Gourlay's business, U.S. Coupling & Accessories, moved to Dothan to lease 18,000 square feet of space from one of its biggest customers, fire hose maker Key Fire Hose.

 

And after eight years of growth, the company has moved again.

 

In early July, the plant moved into the old W.J. Powell Produce building, a 40,000-square-foot facility on Range Street that gave the company more than twice the space it had before, Bob Gourlay said.

 

"We're growing so fast," said Gourlay, who was able to take advantage of a $200,000 five-year, interest-free, capital loan from the Alabama Municipal Electric Authority to go toward purchase of a facility. "We've gone from one market into three."



more...

[al.com]

 

 

 

 

 


 Innovative Hearth heats up Russellville economy

By Wayne Smith Staff Writer |

July 22, 2014

 

RUSSELLVILLE - Innovative Hearth Products is doing its part to keep the economy hot in Russellville.

 

The Nashville-based company recently completed a 250,000-square-foot expansion and is planning to add about 250 jobs.

 

IHP is consolidating its location in Union City, Tennessee, to streamline production at its Russellville plant.

 

"We build to order and in five days can get a product built and get it ready to be shipped," said Sam Scarbrough, plant manager. "We have just-in-time manufacturing, and do everything from purchasing to building and ordering components here.


 more...

 

[Times Daily]

 

 

 


 

 

What do you know about Birmingham's tech startup community?
on July 21, 2014 

I don't like the phrase, "Technology is the future."

 

Not only is it vague and possibly redundant, but it seems to imply that, at some point, we'll achieve 'Technology'. 
We all know we already have it. We've always had it.

 

Technology has always been the future; from the invention of the wheel to the unveiling of the iPhone.


Sometimes it comes in the form of an easier way to communicate with your grandmother in Idaho or conduct business with people all over the world in real time. Sometimes it's a more efficient way to kill one another. Regardless, technology is the vehicle that moves us forward and shapes the world around us, for better or for worse. 


more....

[al.com]

 

 


SEDA program could be extended

By Bernie Delinski Staff Writer | 

 July 21, 2014

 

FLORENCE - The Shoals Economic Development Authority Board wants to extend a temporary inducement program through Oct. 3 to encourage industries to fill existing job openings.

 

Last week, SEDA's board unanimously approved recommending the extension, hoping the action will help offset some of the job losses that are coming with recently announced closings. The program had been slated to end July 15.

 

That places the decision in the lap of the Shoals Industrial Development Committee, which meets Thursday.

The program is similar to the Employment Growth Program, which provides incentives to Shoals manufacturers that create new jobs, SEDA President Forrest Wright told the board, which unanimously approved the extension.

 

more...

 

[Times Daily]

 


 

 Alabama ranks in Top 10 of one of NAIOP's four real estate development categories


BIRMINGHAM, Alabama - Alabama ranked ninth in the nation in industrial construction spending last year, according to a new report.

 

The NAIOP Research Foundation's "The Economic Impacts of Commercial Real Estate" report looked at the different ways money spent on new office, retail, industrial and warehouse space affected state economies and jobs in 2013.

 

For Alabama, the $459 million in industrial construction expenditures throughout the state last year put it ahead of Indiana ($450 million) in the Top 10 but behind Louisiana ($4.9 billion), Iowa ($2 billion), West Virginia ($1.7 billion), Oregon ($1 billion), Georgia ($991 million), New York ($698 million), Kansas ($603 million) and Pennsylvania ($484 million).


 more...

 

[al.com]

 

 

 

 


 


Meet the Most Influential: Innovation Depot's Devon Laney
 Alan Alexander Reporter-Birmingham Business Journal
July 21, 2014

Although he runs the city's largest technology business incubator with 90 companies and more than 500 employees,Devon Laney's first passion is music.

His Twitter profile includes pictures of him with famous musicians like Ringo StarrAxl Rose or Sir Tom Jones, and he was the lead singer for a local band called Sucker Punch.


But today, Laney is more focused on bolstering Birmingham's burgeoning technology sector, and so far he's on a good pace. In 2013, the companies housed at the Innovation Depot netted $123 million in sales. 

 

more...

 

[Birmingham Business Journal]

 

 


 

Countdown to nominate! 2014 Alabama Launchpad Innovation Awards

  

The nomination period for the 2014 Alabama Launchpad Innovation Awards, presented by the Economic Development Partnership of Alabama Foundation, ends July 31st.

 

The awards will recognize significant innovations and the Alabama companies that created them. 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.

 

 

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

 

  

 

 

 

 

 

 

 


 High Tech Seeks High Yield 

TEXT BY JESSICA ARMSTRONG 
July 2014

 

Just off South College Street - Auburn's main drag - past the chain restaurants, retail outlets and hotels is Auburn Research Park, a cluster of imposing brick buildings in a bucolic setting that provides a sharp contrast to the nearby hustle and bustle.

 

Auburn Research Park, which opened in 2008, is Alabama's newest university-affiliated research park. The 171-acre, mixed-use campus is driving economic development through entrepreneurship, innovation, collaboration and commercialization - fruitful ground where academia, business and government converge.

 

The Auburn Research and Technology Foundation (ARTF) is responsible for the development and operation of the Auburn Research Park and its Auburn Business Incubator. The park is the result of a partnership between Auburn University, the state of Alabama and the city of Auburn.



more...

[Business Alabama]

 

 

 

  

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

 

  

 INVOTEK RECEIVES $175,000 NATIONAL INSTITUTES OF HEALTH AWARD

 

 

Grant Will Fund Development of Quad Rider - A Gear and Braking Device that Helps People with Disabilities Operate a Handcycle Safely

 

Alma, Ark. - July 22, 2014 - InvoTek, Inc., a research and development company in Alma, Arkansas, recently received a Phase I Small Business Innovation Research grant from the National Institutes of Health. The grant will fund the development of technology to enable thousands of people with high-level spinal cord injury the opportunity to enjoy the health benefits of handcycling. The Lakeshore Foundation and University of Alabama at Birmingham are collaborating with InvoTek on this project.

 

   "Lack of access to fitness and recreation equipment is one of the primary barriers to participating in health-enhancing fitness activities for people with spinal cord injuries," said James Rimmer, PhD, Lakeshore Foundation Director of Research. "The Quad Rider can open up the possibility of promoting a wonderfully engaging form of physical activity for people with high level tetraplegia and help lower their risk of heart disease and diabetes and improve their mental health status."

 

   The Quad Rider makes it easy to shift gears and brake, enabling people with poor grip-control to safely cycle. According to InvoTek President Tom Jakobs, "The mechanism does not require strength to brake quickly, which is a big deal for someone who has limited control of his or her hands. Plus, the rider can change gears by puffing air into a device (through a straw) attached to their helmet, allowing them to keep their hands in position to steer and brake."

 

   The Quad Rider will attach onto a standard handcycle. Phase II will focus on enhanced automation for people with even more severe injuries so that they too can exercise.

 

          

 

   For more information on InvoTek and Be Extraordinary, please visit www.invotek.org or www.be-x.org.

 

 

 

 

 

 

 

 

 

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Val Walton
   
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