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:
EDPA unveils new website, database to aid in Alabama economic development
Today is the deadline for Alabama Launchpad Innovation Awards nominations
Why Japanese companies are so interested in Alabama
Alabama Commerce Secretary Canfield: State economic development plan is working
Survey: Alabama small businesses hired more in July
Manufacturers share tips on successful job candidates
What killed small town Alabama, and how we're bringing it back to life

 


EDPA unveils new website, database to aid in Alabama economic development


POINT CLEAR, Alabama - The Economic Development Partnership of Alabama unveiled a new website and a revved-up version of its popular property database tool this morning to economic developers at the Economic Development Association of Alabama's Summer 2014 conference.

 

The EDPA announced it had started making improvements to the database search tool at the conference a year ago. The new tool has been more than a year in developing and testing with economic developers throughout the state.

 

The finished product allows a user to search for potential property and buildings for a new plant, corporate headquarters or other economic development purpose. It will plot the results on a map of Alabama and then reveal details of the results by hovering the cursor over them.

 

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Today is the deadline for Alabama Launchpad Innovation Awards nominations

on July 31, 2014 at 12:06 PM

BIRMINGHAM, Alabama -- Just a reminder that nominations continue through today forAlabama Launchpad's Innovation Awards.

I mentioned this in a post a few days ago but the end is nigh (today!) so go and nominate your the innovative and inspiring people in your life. 

 

As a reminder, the categories are as follows: 

Company Award Categories

  1. Outstanding Startup Business
  2. Outstanding Product or Service
  3. Corporate Innovator of the Year
  4. University/College-Corporate Partnership


Individual Award Categories

  1. Inventor of the year
  2. Startup Executive of the Year
  3. Lifetime Achievement in Innovation
  4. Outstanding Woman or Minority in Innovation
 

 more...

 

[al.com]

 

 

 

 



 

Why Japanese companies are so interested in Alabama

Kazuo Sunaga may be relatively new to the office of Consul General in Atlanta, but that has not stopped him from jumping into data and polishing relationships with business leaders both locally and in Japan.

 

One thing he has noticed? Japan is very interested in doing business with Alabama.

 

"I don't like to compare the five states I cover," Sunaga said, "But all in all, Alabama has the most investment money-wise, even if places like Georgia have more companies."

 

There were 144 Japanese companies in Alabama as of 2013, according to stats compiled by his office, representing 18,122 employees.

 

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[Birmingham Business Journal]

 

 

 

 


Alabama Commerce Secretary Canfield: State economic development plan is working

POINT CLEAR, Alabama - Alabama Commerce Secretary Greg Canfield said since the state adopted the Accelerate Alabama economic development plan two years ago, more than 38,000 jobs have come to the state through recruitment or expansion and companies have invested more than $9.8 billion in state operations.

 

Speaking to the Economic Development Association of Alabama at its 2014 Summer Conference, Canfield said the state is making gains in economic development due to the professionalism and teamwork of the state, local and private sector economic developers.

 

"I tip my hat to you, the professional economic developers," Canfield said. "Your professionalism and dedication are key to the success of Alabama."


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[al.com]

 

 

 

 


Survey: Alabama small businesses hired more in July
Jason Frost Editorial intern-Birmingham Business Journal
July 30, 2014

Alabama saw a marginal growth in jobs this July, with many of them in small businesses, according to a study by Intuit.

 

Small businesses in Alabama saw a 0.7 percent bump in employment in July across a data sample of 237,000 businesses, according to Intuit's Small Business Indexes, a report that follows revenue and employment trends each month with a focus on businesses with fewer than 20 employees.

 

In July, hourly small business employees also saw a decrease in monthly compensation by 0.2 percent, with average monthly pay falling to $2,708. Hours worked by employees also dropped 0.3 percent from last month to 107.5 hours, according to the survey.


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Manufacturers share tips on successful job candidates
By Nick Lough 
Jul 29, 2014   

HUNTSVILLE, AL (WAFF) -More than 100 people came out to the Richard Showers Center to hear representatives from Remington, Toyota, and other organizations tell them what they want to see as they push to hire thousands of new workers in the coming years.

There was nervousness from some at the Tuesday night session, but also the eagerness to hear what these companies look for in potential candidates.

Just about everyone who attended had one thing to say to the prospective employers: "Hire me."

When Lamont Rice heard manufacturers and companies including Toyota and Remington were holding a panel on what they want to see in new candidates, he jumped at the opportunity.

 

"It's very tough, especially for those looking to get into the entry-level position," Rice said. "A lot of jobs require you to have two to three years' experience even at an entry-level position, so it's pretty tough out there right now.



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What killed small town Alabama, and how we're bringing it back to life
on July 30, 2014

For the most part, interstates and the Internet are useful, convenient tools, but over the last few decades, they helped decimate America's small downtowns. Alabama was no exception. 

 

"When I was growing up, you shopped pretty much in a 30-mile radius of where you lived," explained Mary Helmer, president and state coordinator of Main Street Alabama. "But today, you can drive for miles to get to a mall, or shop at 3 a.m. in your fuzzy pajamas. That changed everything."

 

After seeing this decline across the nation, the National Main Street Center(NMSC), a nonprofit subsidiary of the National Trust for Historic Preservation, began reaching out with locally accredited Main Street programs that seek to bring life back to downtowns through sustainable economic development and community engagement. 

 

Cities that have been or are moving through the Main Street revitalization process include Alexander City, Florence, Athens, Decatur, Gadsden, Anniston, Oxford, Birmingham, Opelika, Selma Eufaula, Monroeville and Dothan. For an interactive map,click here. Although the programs have operated nationwide in some form for 34 years, Alabama's programs really got started in 2010.


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Enjoy the day, 

Val Walton
   
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