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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:
Do you or someone you know enjoy eating breakfast with geniuses? Alabama Launchpad can make that happen
Free meeting next month in Decatur on state's crowdfunding bill for small businesses
Wiregrass contingent hopeful after London air show meetings
Meet the Most Influential: UAB's Ray Watts
Convocation of Auburn Startups
ACRE Research: Alabama residential sales improve 7.9 percent in June

 


Do you or someone you know enjoy eating breakfast with geniuses? Alabama Launchpad can make that happen

on July 22, 2014

If you haven't heard of Alabama Launchpad, you should definitely go check them out.

 

Alabama Launchpad is a program of the Economic Development Partnership of Alabama (EDPA) and it's making waves all over the place in and around the startup community here in Birmingham.

 

One of their projects is a startup competition in which groups of entrepreneurs compete for $300,000 in prize money. They are in the final round of the competition now, and the contest is fierce, with six companies representing very different fields left in the running.

 

Another competition that's happening right now is the Alabama Launchpad Innovation Awards. But the deadline is fast-approaching: Just 9 days from now on the 31st of July!

 

 more....

 

[al.com]

 

 


 Free meeting next month in Decatur on state's crowdfunding bill for small businesses

on July 23, 2014 

DECATUR, Alabama - Four months after Gov. Robert Bentley signed a new crowdfunding bill into law to help spur new businesses, officials will hold a town hall meeting in Decatur to educate local entrepreneurs and startups about the legislation.

 

The Decatur-Morgan County Chamber of Commerce and Decatur-Morgan County Entrepreneurial Center will host a free event from 4-5:30 p.m. Aug. 11 on Alabama's new crowdfunding law, which allows someone looking to start a small business to raise up to $1 million toward their initiative.

 

A news advisory said the forum, which will be open to the public, will explain the law and how to apply, provide information on raising capital and allow attendees to ask questions. Alabama Securities Commission Deputy Director Ed Reed will be the keynote presenter.


more...

 

[al.com]

 

 

 

 

 


 

Wiregrass contingent hopeful after London air show meetings

By Lance Griffin

 July 22, 2014

 

A Wiregrass contingent returned from the Farnborough Air Show in London last week without jobs in hand, but attendees came away encouraged by meetings with representatives from at least two companies deemed "active projects" by economic developers.

 

The contingent included Dothan Mayor Mike Schmitz, Dothan Area Chamber of Commerce President Matt Parker, Dothan Regional Airport Director Art Morris and Ozark/Dale County Economic Development Corporation Executive Director Eric Basinger. The group was able to meet with prospective companies looking to expand as well as corporate leaders of companies who already do business in the Wiregrass.

 

"We had two active projects we were working and that was our primary focus," Parker said. "We were able to spend some quality time with them and what they were doing. I think we got some good exposure over there and so did the entire state of Alabama."

 

more....

 

 

 

 


 

Meet the Most Influential: UAB's Ray Watts
Staff Birmingham Business Journal
July 22, 2014

 

In his spare time, the leader of Alabama's largest employer and Birmingham's economic engine enjoys gardening and deep-sea fishing.

 

Metaphorically speaking, Dr. Ray Watts did quite a bit of both during his first year as president of the University of Alabama at Birmingham, which has more than 23,000 employees and 18,500 student


 Watts says he enjoys watching things grow and blossom. After inheriting a UAB that was already on an upward trajectory, Watts has witnessed plenty of growth - from enrollment and new research capabilities to an expanding footprint. With campus leaders rallying around a new strategic plan for UAB, he anticipates even more growth as faculty, staff and students embrace the school's focus areas.

 

 


 Convocation of Auburn Startups

TEXT BY JESSICA ARMSTRONG
July 2014 

Lutalo Aryee has high hopes for his social media company, A Simple Business Solutions, which already has success in helping him win election to the Tuskegee City Council.

 

Start your own business and be your own boss. It's what we paradoxically both desire and fear, with good reason. Forgoing a steady paycheck for the unknown is like walking a high wire without a safety net.

 

Business incubators cushion potential falls by providing a fertile, controlled environment to hatch ideas, and offer affordable workspace, equipment, infrastructure and mentoring. Unlike accelerators (another popular haven for budding entrepreneurs), incubators typically do not take equity in the businesses.

 

Starting a company has never been easier, but it's harder than ever to make one a success, writes James Surowiecki in "Epic Fails of the Startup World" in a recent issue of The New Yorker magazine. While crowdfunding and angel investing make it relatively easy for startups to raise money today, the life of a new company remains "often brutish and short."


more....

 

[Business Alabama]

 


 

 


ACRE Research: Alabama residential sales improve 7.9 percent in June

 

Alabama residential sales totaled 4,445 units in June, an increase in sales growth of 7.9 percent from the same period a year earlier and only 107 units shy of our monthly forecast. Nationally, sales were off 2.3 percent in June from the prior year. See more details of how Alabama compares to the broader US market here.

 

The YTD Alabama sales forecast through June projected 22,660 closed transactions while the actual sales were 21,700 units, a 4.2 percent cumulative variance. YTD sales through June have been sluggish in most markets across the State but remain 1.84 percent above the 2013. June's performance was easily the best month to date in 2014. From a broader perspective, sales were up 2.3 percent in the second quarter compared to 2013. 

 

Across Alabama, 60 percent of local markets reported positive sales growth compared to last June. This figure slips to 56 percent when taking into account total YTD sales compared to 2013. 


more...

[al.com

 




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