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 Launchpad Start-up Competition kicks off the Fourth Annual Alabama Innovation and Entrepreneurship Conference on Thursday
Auto supplier to start $9 million project at Greenville plant
Mercedes announces it will begin making hybrid cars
First event of Innovation Week Birmingham focuses on startup capital
Top States for Doing Business 2014 Consultant Commentary: South Dominates Consultants' Picks for Top States
Alabama's Mercedes-Benz plant to add 200 new jobs
Free tax workshops for new business owners offered in Oxford, Opelika and Sylacauga
Fayette Center for Manufacturing and Innovation holds ribbon-cutting event

  


 

 Alabama Launchpad Start-up Competition kicks off the Fourth Annual Alabama Innovation and Entrepreneurship Conference on Thursday

 

  

Join us Sept. 25 at our Start-Up Competition in Birmingham where aspiring entrepreneurs will pitch their businesses  "Shark Tank" style at a live judged event. The startups are competing for awards, totaling up to $300,000. We invite you to come out and support the start-up teams in their efforts to create new jobs and companies for Alabama residents. 

 

 

The competition, held at WorkPlay Theatre,  500 23rd Street, begins at 9 a.m.  The event is free and open to the public.

 

See the full conference agenda and register. 

 

 

 

 

 

 

  

Scenes from a previous competition

 

 

 
 
 

 

Winning start-up teams

 

 
 

 

 

 

 

 

 

  


 

Auto supplier to start $9 million project at Greenville plant
By Lindsey Rogers 
Sep 22, 2014 
  
GREENVILLE, AL (WSFA) -One of the largest employers in Greenville is gearing up for a big project officials hope will bring more jobs in the future. The city is giving an auto supplier tax breaks as they continue to grow. Butler County and Greenville schools are also benefiting from the agreement. 

At their meeting Monday night, the Greenville city council approved a resolution to give Hwashin America Corporation, a supplier for KIA and Hyundai, a ten year tax abatement on a new project at their Greenville plant that involves replacing equipment. 

 

"They're getting ready to invest $9 million in new equipment, mainly tool and die and manufacturing equipment to accommodate the model change that will occur at KIA," said David Hutchinson, Executive Director of the Butler County Commission for Economic Development. 

 


 more...

[WSFA]

 

  


Mercedes announces it will begin making hybrid cars

By Patrick Rupinski

Business Editor
September 22, 2014 

Mercedes-Benz announced plans Monday to make plug-in electric hybrids in most of its major models, including the C-Class sedans and M-Class sport utility vehicles made at its auto assembly plant in Vance.

 

Thomas Weber, head of Mercedes' research and development, made the announcement Monday at a news event at the company's headquarters in Stuttgart, Germany.

 

"We will have a plug-in hybrid version of every volume model," Weber said, according to an online report in Automotive News, an auto industry trade journal.



more...

  


First event of Innovation Week Birmingham focuses on startup capital
Alan Alexander Reporter-Birmingham Business Journal
Sept. 22, 2014

The first event of Innovation Week Birmingham provided aspiring entrepreneurs a crash course on how to attain the growth capital that's crucial for a startup company to get off the ground.

 

A panel of established entrepreneurs, investors and industry experts spoke on the ins and outs of acquiring early-stage investments at the Pathway to Success: The Birmingham Business Alliance Small Business Council Seminar on Startup Capital.

 

The panel addressed a number of important strategies, but here are a few of the key takeaways:


  more...

  


Top States for Doing Business 2014 Consultant Commentary: South Dominates Consultants' Picks for Top States
Bill Luttrell, Senior Locations Strategist, Werner Global Logistics, Werner Enterprises (Q3 2014)

The Southern States have reassessed and implemented new economic development strategies designed to attract sustainable industries. 

The results are in for the 2014 Top States for Doing Business Survey. We all have different opinions regarding who made, who did not make, or who should have made the list. But the survey is reaffirming that several states in the Southern region are at the top of the list.
 Looking at this year's survey and comparing it to the past surveys, we can see that a lot of progress has also been made in other regions as well. States such as Indiana, Ohio, and Michigan are moving up rapidly. Other individual states have done well in their own right but are not on the list. Why do these Southern States keep reappearing at the top?

 Understanding their advantages, some natural - but most based on good solid strategy - does provide lessons for other states. 

more...


  


Alabama's Mercedes-Benz plant to add 200 new jobs
on September 22, 2014 

VANCE, Alabama -- The Tuscaloosa County operations of Mercedes-Benz will add 200 production jobs, a move driven by customer demand for its vehicle lineup.

 

The new full-time jobs are in addition to an estimated 1,400 positions that the plant has already announced in recent years. Those are being added as the facility is taking on production of the C-Class sedan this year and a new SUV next year.

 

READ MORE: Mercedes-Benz builds its 2 millionth vehicle at Alabama plant

Alabama's worker training agency, AIDT, will post ads for the jobs on its website and in newspapers throughout the state, and candidates should wait until then to apply. The recruitment ads will run this fall and winter, with the jobs expected to be filled in 2015.

 

more...

 

[al.com]


  


Free tax workshops for new business owners offered in Oxford, Opelika and Sylacauga
on September 22, 2014 

The Alabama Department of Revenue will offer free new business tax workshops in several cities next month in Oxford, Opelika and Sylacauga.

 

The events will take place:

Tuesday, Oct. 7 at 3 p.m. at the Oxford High School Media Center on Hale Street. The media center is next to Oxford High School Baseball Field.

 

Tuesday, Oct. 14 at 3 p.m. at Southern Union Community College, Higginbotham Academic Center, Room 108, at the intersection of Lafayette & West Point Parkways in Opelika.

 

Thursday, Oct. 23, at 3 p.m., in Sylacauga at the Sylacauga Municipal Complex Council Chambers, 301 North Broadway.


more...

  



Fayette and state officials turned out strong for Monday's ribbon-cutting for the Fayette Center for Manufacturing and Innovation.

 A good-sized crowd showed up to hear remarks from numerous dignitaries, including Mayor Ray Nelson, Alabama Department of Economic and Community Affairs Director Jim Byard, state Rep. Daniel Boman, state Sen. Roger Bedford, and many others. 

The City of Fayette and other key partners, along with  support by (ADECA),  have created the Fayette Center for Manufacturing and Innovation, a multi-tenant business incubator.

more...





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