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:
Alabama auto industry healthier than Michigan's, says Athens State business professor
Dothan host fifth annual Wiregrass Economic Resource Summit
24/7 Wall St. website ranks Hoover among top 30 places to live in U.S.
Navy accepts delivery of Austal USA-built USNS Fall River
City of Heflin Industrial Development Board Receives Best Regional Website WebAward

  


 

Alabama auto industry healthier than Michigan's, says Athens State business professor
on September 17, 2014 

HUNTSVILLE, Alabama - We all somehow knew that Alabama's auto industry has become healthier than Michigan's, but a recent study by an Athens State University business professor points out why.

 

Data from the Bureau of Labor Statistics show the stark contrast between the two state's auto industry fortunes. From 1990 to 2008, Michigan lost more than 67,000 auto manufacturing jobs. During that time, Alabama auto manufacturing, not counting parts manufacturers, exploded from 400 jobs in 1990 to more than 10,200 in 2010.

 

"We have great tax incentive packages. And we have a political climate that allows us to enact tax abatements and incentives quickly to create a favorable economic climate for business,"

The BLS also shows that growth continues with 1,600 automotive jobs added since 2010.  Today Alabama employs 11,800 in motor vehicle manufacturing, with a whopping 23,800 in motor vehicle parts manufacturing.

 

 

more...

 

[al.com]

 

 

 

 

 

 


  


 

Dothan host fifth annual Wiregrass Economic Resource Summit
By Hunter Robinson 
Sept. 17, 2014

DOTHAN, AL (WSFA) - The circle city is hoping to help local entrepreneurs get on the right path to success by hosting the fifth annual Wiregrass Economic Resource Summit.

The event was held on Wednesday at the Dothan Civic Center, and the goal of the summit is to propel small businesses and foster the spirit of entrepreneurship in the Wiregrass Area.

 

Travis Perry, inventor and owner of Chord Buddy, was the keynote speaker and shared his story of success.

 

 

more...

 

  


24/7 Wall St. website ranks Hoover among top 30 places to live in U.S.
on September 18, 2014 

HOOVER, Alabama - The 24/7 Wall St. website this week ranked Hoover as being in the top 30 cities in which to live in the United States.

 

The website reviewed data on the 550 cities with populations of 65,000 or more and considered variables such as employment growth, crime rates, educational attainment and housing affordability.

 

24/7 Wall St. named the top 50 cities in which to live and put Hoover at No. 28. Hoover was the only city from Alabama on the list and one of 15 in the South.

 

The labor market was a key consideration in the website's rankings. In order to be considered, a city needed positive employment growth between 2011 and 2013. Seventy cities did not meet this standard, but Hoover had a 2.17 percent employment growth in that time period, according to 24/7 Wall St.



more...

 

 

 

  


Navy accepts delivery of Austal USA-built USNS Fall River
on September 17, 2014

MOBILE, Alabama -- Austal USA delivered the future USNS Fall River to the U.S. Navy this week, the fourth joint high speed vessel built by the Mobile shipyard.

 

Austal was awarded the $1.5 billion contract to build ten of the ships that will be used for support operations, carrying materials needed on other military vessels. Named for Fall River, Mass., military officials said the ships can transport as much as 600 short tons of cargo 1,200 nautical miles at an average speed of  35 knots.

 

Austal is preparing to launch another one of the 338-foot-long ships, the future USNS Trenton, later this month, company officials said. Building the sixth and seventh joint high speed vessels are already underway.


more...

 

[al.com]

  


City of Heflin Industrial Development Board Receives Best Regional Website  WebAward

 

Heflin, Ala. - The City of Heflin Industrial Development Board received a "Best Regional Website" award in the 2014 Web Marketing Association's WebAwards, an international competition designed to judge top websites. Over 1,500 websites in 96 industry categories from 40 different countries were submitted. The City of Heflin Industrial Development Board's website was entered in the Associations category.

 

Decatur web development firm Red Sage Communications, Inc. designed the site, which was judged based on the following criteria: design, copywriting, innovation, content, interactivity, navigation, and use of technology. 

 

"We are so excited to win this award," said Shane Smith, City Clerk.  "We have received positive feedback on the site, but winning an award for it is truly amazing. We hope even more people visit the site and learn more about the City of Heflin, Alabama."

 

The City of Heflin Industrial Development Board website, www.cityofheflinidb.org, features a property directory, map room, and image rotator. Red Sage provided copywriting services.

 




Please feel free to forward along to someone who can use it by clicking on the "forward email" link below. Note also, that you can now make changes to your e-mail address and contact information through the link at the bottom.    
 
If you have news or suggestions, please forward them along to me.
 
Enjoy the day, 

Val Walton
   
Join Our Mailing List