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:
Grand National to host PGA Tour event in July
EDA awards $200K to support economic recovery in North Alabama following major job losses
Gov. Robert Bentley to tour Arab manufacturer, lead economic development forum Tuesday
Proposed Evonik expansion in Mobile looks to boost product lines, employment, colocation opportunities
U.S. job openings at more than 13-year high in June, hiring rises
Who will be named Alabama's top innovators? Find out Sept. 25

 


Grand National to host PGA Tour event in July 

Drew Taylor | Opelika-Auburn News | 

 

August 11, 2014

 

MONTGOMERY-Lee County will receive a major economic boon next year in the form of a professional golf event at Grand National.

 

During a press conference Monday, Gov. Robert Bentley announced the PGA Tour's Barbasol Championship would take place at Grand National's Lake Course in Opelika from July 13-19. The tournament will be held opposite the Open Championship, better to known to many golfers as the British Open, and air on the Golf Channel. The purse for the championship is $3.5 million.

 

Grand National is one of 11 courses operated by the Robert Trent Jones Golf Trail. RTJ courses are slated to host the tournament for the next four years.

 

"I hope this is a start of a long relationship between Alabama, the Robert Trent Jones Golf Trail and the PGA," Bentley said. "Alabamians pride themselves on the beauty the hospitality and the charm of our state and we are excited to showcase that to the world in July 2015 with a PGA tour in the Auburn-Opelika area."

 

 

more...

 

[Opelika-Auburn News]

 

 

 

 

 


EDA awards $200K to support economic recovery in North Alabama following major job losses

on August 11, 2014 

The U.S. Commerce Department's Economic Development Administration is giving $200,000 in grants to two North Alabama organizations to support economic recovery in the Tennessee Valley.

 

The North Central Alabama Regional Council of Governments in Decatur will receive $100,000, while the Northwest Alabama Council of Governments in Muscle Shoals will also receive $100,000. Both entities will use the funds to develop new strategies to recover from major job losses in the past year.

 

"Economic development is a continuum, and some regions need help getting started with a plan," said Assistant Secretary of Commerce for Economic Development Jay Williams in a statement. "The EDA grants announced today will help the communities in the north central and northwestern parts of Alabama get on the road to economic resiliency and growth."

 

more....

 

[al.com]

 

 

 

 


 

Gov. Robert Bentley to tour Arab manufacturer, lead economic development forum Tuesday

on August 11, 2014 

ARAB, Alabama - The city of Arab will get a visit from Gov. Robert Bentley on Tuesday afternoon during a tour of a 70-year-old company and local economic development forum.


Bentley will visit Syncro Corp., a manufacturing and systems integration company that specializes in product research and development, management and post manufacturing support.

 

The Marshall County business also serves the medical, industrial, utilities, transportation, technology and military markets

 

more....

 

[al.com]

 

 

 


Proposed Evonik expansion in Mobile looks to boost product lines, employment, colocation opportunities
on August 11, 2014 

MOBILE, Alabama - Employment at Evonik Corp. in Theodore could eclipse 800 by 2017, if the Essen, Germany-based specialty chemical company proceeds with plans to invest nearly $114 million in its Mobile County facility.

 

The Industrial Development Authority of Mobile County voted unanimously Monday to approve about $7 million in non-educational property and sales tax abatements for Evonik's expansion project over the next 10 years.

 

Specifically, the expansion includes the construction of a specialty chemical plant to produce a form of an essential amino acid for use as a dairy cattle feed additive. The product is currently being produced by a Croatian contractor, but an expansion of the Mobile facility would allow the company to bring its production in house.



more...



 


U.S. job openings at more than 13-year high in June, hiring rises

Aug 12, 2014 

 

(Reuters) - U.S. job openings increased to their highest level in more than 13 years in June and hiring picked up, pointing to some reduction of slack in the labor market.

 

Job openings, a measure of labor demand, increased to a seasonally adjusted 4.67 million, the Labor Department said in its monthly Job Openings and Labor Turnover Survey on Tuesday. That was the highest level since February 2001.

 

Hiring, which is being closely being watched for signs of a pick-up in job growth, rose to its highest level since February 2008. Much of the increase in employment growth has been driven by a sharp decline in the pace of layoffs.



more....

 

 

 


Who will be named Alabama's top innovators? Find out Sept. 25

 

The nominations are in, and we have assembled six of Alabama's top business leaders to select winners in eight categories for the Alabama Launchpad Innovation Awards.

 

The Innovation Awards recognize Alabama's leaders in government, business and research at the state's only Innovation and Entrepreneurship Conference set for Sept. 25-26 in Birmingham. 

 

Join us on Thursday, Sept. 25, for our Awards Dinner Ceremony at WorkPlay Theatre to find out who the winners will be.  Brandon Byrne, Vice President of the Huntsville-based Curse, one of the world's largest gaming-information properties, is our keynote dinner speaker.


 

Let's celebrate the winners:

Our judges:




Harris Morrissette, President, China Doll Rice and Beans, Inc.

Yolanda Sullivan, CEO, YWCA Central Alabama


Art Tipton, President, Southern Research Institute

Neill S. Wright, President and CEO, First Tuskegee Bank


 

 

Innovation and entrepreneurship are keys to Alabama's economic success moving forward and a key component of Accelerate Alabama, the statewide strategic plan for economic development.

 

This conference will convene state leaders, business leaders, university and research leaders, the startup community and others with a stake in providing support for the growth of Alabama's innovation economy. 

 
Sept. 25-26
Help support the conference by becoming a corporate sponsor!



 

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Val Walton
   
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