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:
Industrial site 'shovel ready'
Ohio-based Steris Corporation buys U.S. Pipe building to expand in Birmingham
See which Alabama businesses landed on Inc. 5000 fastest-growing private companies list
Industries to add jobs near Talladega Airport
Southside's secret weapon: Get to know SRI CEO Art Tipton
Wells Fargo launches Startup Accelerator program

  


 

Industrial site 'shovel ready'
By Kendra Majors
August 21, 2014

The City of Andalusia is one step closer to landing more industry in the Sutton Road Industrial Park, officials said Wednesday.

 

At a press conference held Wednesday, officials announced the industrial park has received an Alabama AdvantageSite designation, which means the park is shovel ready.

 

Covington County Economic Development Commission president Rick Clifton said the designation means that a business could come in and begin turning dirt tomorrow, which is vital to industry recruitment.


 


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[Andalusia Star News]


 
 

 

 

 

 

 

 

 

  


 

 

Ohio-based Steris Corporation buys U.S. Pipe building to expand in Birmingham
By Alan Collins
August 20, 2104

BIRMINGHAM, AL (WBRC) -Birmingham is one step closer to landing well-paying jobs after the Steris Corporation announced plans to take over an existing company.

The old U.S. Pipe headquarters has sat vacant for a number of years off of 1st Avenue North. The building is a part of the $175 million purchase by Steris Corporation of Ohio.

 

The company also bought the Integrated Medical Systems (IMS), which is located behind the U.S. Pipe building. The deal includes 15 acres in the Sloss Business District.

 

"Steris acquired IMS in May of this year. It's very complimentary to our existing and scope business. We are excited about the opportunity to create more jobs in Alabama," Stephen Norton with Steris Corporation said.



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[WBRC]

 

 

 

 


 


 
 

 

 

 

 

 

 

 

  


See which Alabama businesses landed on Inc. 5000 fastest-growing private companies list

on August 20, 2014 

Inc. 5000 revealed the fastest-growing private companies of 2014 this morning - and Alabama has a significant presence on the nationwide list.

 

Compiled using percentage revenue growth from 2010-13, the list includes 5,000 independent U.S. companies that generated at least $2 million in revenue last year.

 

The businesses must also have had at least $100,000 in revenue in 2010.

 

more...

 

[al.com]

 


 


 
 

 

 

 

 

 

 

 

  


 

 

Industries to add jobs near Talladega Airport
August 20, 2014

Two businesses leasing property from the Talladega Municipal Airport Board are in the midst of major expansions, according to Board Chairman Ray Miller.

 

Miller said Legacy Cabinets has recently purchased some land behind its existing facility, which will be used both for expanded manufacturing and additional parking.

 

The new construction will be in a flight zone, and the Federal Aviation Administration is expected to sign off on the expansion.

 

Miller said the growth at Legacy will bring in about 400 new jobs. Attempts to reach company spokesmen were unsuccessful. 

 

more...

 

[Talladega Daily Home]

 

 


 


 
 

 

 

 

 

 

 

 

  


 

 


Southside's secret weapon: Get to know SRI CEO Art Tipton
  Alan Alexander Reporter-Birmingham Business Journal
Aug 20, 2014

Just south of the University of Alabama at Birmingham campus sits one of the city's most mysterious economic powerhouses. It's a sprawling campus that includes its own castle and research projects ranging from drug development to air defense projects for the federal government.

 

There's a lot that happens on the Southern Research Institute campus that many in Birmingham don't even know about.

 

But Art Tipton does. The 25-year veteran of the biotech and life sciences industry has worked for a number of startups, successfully seeing them go from ideas to being acquired and flourishing as public companies. Now, he is back at SRI as CEO of Birmingham's largest nonprofit organization, one which generated $91 million in revenue in 2011 and an even larger economic impact on the region.

 


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Wells Fargo launches Startup Accelerator program
 Heather Draper Reporter-Denver Business Journal
Aug 20, 2014

Wells Fargo, the third largest bank in Birmingham, began accepting applications Wednesday from young companies with financial services technology to join the new Wells Fargo Startup Accelerator program, which includes an equity investment from the bank.

 

San Francisco-based Wells Fargo & Co.(NYSE: WFC) will take applications from startups through Oct. 1.

 

The program includes a semiannual boot camp for innovators whose technology ideas in payments, deposits, fraud and other fields that could help "shape future customer experiences in financial services," the company said.

 

 

more...

 

[Business Journal]



 

 


 


 
 

 

 

 

 

 

 

 




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