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:
Building entrepreneurship
2 companies announce Shoals-area expansions
AM/NS Calvert to receive $46.7 million investment boost
Aerojet Rocketdyne opens new rocket engine development office in Huntsville
NASA says Boeing and SpaceX will build America's next human spaceships
Bice: Change is coming to classrooms; innovation is key
BBA, PNC team up for OnBoard philanthropy program

  


 

Building entrepreneurship
Sept. 16, 2014

Despite the fact that Alabama ranks on the high side of the low end of states for entrepreneurship, the idea of starting new businesses and creating new innovation never seems to be far from the minds of businesspeople in Birmingham.

 

With all the colleges, business organizations and political entities developing programming around the concept that starting and running new businesses is the key to growing the local economy, you might never guess that Alabama ranks 30th out of the 50 states in innovation and entrepreneurship, according to the U.S. Chamber of Commerce Foundation.

 

But maybe that's the point. A lot of people seem to believe the state can do better.

 

The Birmingham-based Economic Development Partnership of Alabama, through its Alabama Launchpad organization, is putting on a big show next week all about growing jobs through entrepreneurship and innovation. The "4th Annual Alabama Launchpad Innovation and Entrepreneurship Conference," billed as "the only kind in the state to bring together government leaders, entrepreneurs, university presidents and business chiefs in one venue, will highlight entrepreneurial and innovation successes across the state," according to a news release announcing the event.

 

more...

  


 

2 companies announce Shoals-area expansions
By Marie Waxel 
Sept. 16, 2014
  
FLORENCE, AL (WAFF) -Two new businesses are coming to the Shoals, giving the area a positive outlook after losing more than 1,300 jobs so far this year.

One industry has plans to move to Florence, the other in Muscle Shoals. Both companies are based out of Michigan.

Local leaders said what's really exciting about today's announcement is one of the industries will occupy and work to retain workers at a facility closing at the end of the year.

 

M-S Metal Solutions plans to rent a portion of the Izzy+ facility and purchase metal production equipment. Company leaders said they also plan on retaining an estimated 70 employees in their first phase, and an additional 12 employees in a second phase.

 

 

more...

[WAFF]

 

 

  


AM/NS Calvert to receive $46.7 million investment boost
on September 16, 2014

Calvert, Alabama - Steelmakers must adapt to the ever-shifting tastes of their customers. For automotive supplier ArcelorMittal, that challenge is now embodied in the race to build lighter cars mandated by the federal government.

 

The Luxembourg-based company announced Tuesday that it has developed two products to help meet their demands. Carmakers want lighter high-strength steels to meet fuel economy standards set by the Environmental Protection Agency.

 

The dual set of steel products are dubbed S-in motion, which company officials said can reduce the weight of a pick-up truck by 23 percent.  AM/NS Calvert figures prominently in the push to produce the products that will be shipped to a long-established line of customers.


 

more...

 

[al.com]

 

 

 

  


Aerojet Rocketdyne opens new rocket engine development office in Huntsville
on September 16, 2014

HUNTSVILLE, Alabama - Aerojet Rocketdyne said Tuesday it is opening a rocket propulsion development office in Huntsville aimed at delivering a new rocket engine to replace a popular Russian engine now vulnerable to international tension.

 

The office in Cummings Research Park will employ up to 100 new workers if development goes as hoped, company officials said Tuesday. It will be led by Huntsville native Dr. Jerrol "Jay" Littles in coordination with former acting Marshall Space Flight Center director and Stennis Space Center director Gene Goldman.

 

The company said the new AR 1 rocket it plans to develop will be the first advanced hydrocarbon liquid-fuel rocket engine made by Aerojet Rocketdyne since it was formed by the merger of Aerojet and Pratt Whitney Rocketdyne in 2013.


more....

 

[al.com]

 

 

  



NASA says Boeing and SpaceX will build America's next human spaceships
on September 16, 2014

CAPE CANAVERAL, Fla. - When American astronauts next lift off for space from American soil, they will fly spacecraft built by Boeing and SpaceX, NASA said Tuesday.

 

Boeing, the traditional space power with deep roots at Huntsville's Marshall Space Flight Center, and SpaceX, the most famous of America's innovative "new space" companies, won a long and heated NASA competition to end reliance on Russian launchers to carry American astronauts to the International Space Station.

 

"The greatest nation on Earth should not be dependent on any other nation to get into space," NASA Administrator Charles Bolden said in making the announcement at Cape Canaveral, Fla.



more...

  


 

Bice: Change is coming to classrooms; innovation is key

By Lisa Singleton-Rickman Staff Writer | 

September 16, 2014

 

FLORENCE - State Superintendent Tommy Bice said if there's one key to improving in Alabama's public education system, it's a change in mindset.

 

"Everyone has to change," he said. "Expectations have to change, as does the delivery of information and the way we go about graduating students. We've long been focused on graduating every child; now we're focusing on every child being prepared for whatever is next in his life, be it the two- or four-year college system or the workforce. We've got to take seriously the responsibility of making sure they're ready."

 

Bice was at Florence High School on Thursday night as part of a 12-stop statewide tour titled The Future of Public Education.

 

Bice has traveled the state since August, highlighting key education topics including Plan 2020, the Alabama College and Career Ready Standards, student testing, accountability and the importance of parental and community involvement.

 

more...

 

[Times Daily]

 




 

 

 

 

 

  


 

BBA, PNC team up for OnBoard philanthropy program
Bryan Davis Reporter-Birmingham Business Journal
Sept. 16, 2014

Young professionals looking to serve the Birmingham community's non-profit sector will have a chance to plug into the world of philanthropy next week.

 

On Tuesday, Sept. 23, the Birmingham Business Alliance, along with PNC Bank will team up with non-profits from around the metro to share service and leadership opportunities with early-career professionals.

 

Part of the BBA's OnBoard program, a recruiting and retention tool aimed at young professionals, "OnBoard to Serve" will be presented from 5 p.m. until 8 p.m. at the McWane Science Center.

 

 

more....

 

[Birmingham Business Journal]

 




 

 

 

 

 




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