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:
SKF Solution Factory ready to call Moody home
Bolta incentive payment approved by City Council
Already a key to economic development in Huntsville, UAH expands scope of research office
5 Alabama schools named 2014 Blue Ribbon Schools
New building planned to house UAB's Collat School of Business
Will your idea fly? Rocket Hatch planning first startup pitch competition in Huntsville

  


 

SKF Solution Factory ready to call Moody home
Bryan Davis Reporter-Birmingham Business Journal
Oct 1, 2014

SKF Solution Factory will officially open its new Moody facility in late October.

 

A subsidiary of SKF Group, a Sweden-based supplier of rolling ball bearings and seals among other products, SKF Solution Factory announced its entry into the Birmingham region in the summer of 2013.

 

The company signed a long-term lease on a 31,200-square-foot building that is being developed by Graham & Co. at Moody Commerce Park in St. Clair County.

 

The project, which was reported at the time to create 25 jobs, will have its grand opening on Oct. 20 at the facility.

 

 

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Bolta incentive payment approved by City Council 

By Jason Morton
Staff Writer
September 30, 2014

In keeping with the commitment that helped lure the manufacturer to Tuscaloosa, a City Council committee on Tuesday approved a $250,000 incentive payment to Bolta Werke GmbH.

 

A vote next week by the full City Council will finalize the commitment.

 

Last year, Gov. Robert Bentley returned to his hometown to announce the decision by Bolta Werke GmbH to bring a new plant and 350 jobs to Tuscaloosa.

 

Bolta, a family-owned company based in Germany, is developing a $61 million manufacturing plant - up from the $40 million announced on Sept. 23, 2013 - in Tuscaloosa's Airport Development Park.

 

 

more...

 

[Tuscaloosa News]

 
 

 

 

 
 

 

 

 

 

 

 

  


Already a key to economic development in Huntsville, UAH expands scope of research office

on September 30, 2014 

HUNTSVILLE, Alabama - With an acknowledgement of the school's economic impact, the University of Alabama in Huntsville has expanded the scope of its research office.

 

The vice president for research title has been revised to be the Office of the Vice President for Research and Economic Development (OVPRED).

 

UAH brought in more than $99 million in research in 2013-2014 and a study earlier this year determined that the school had the highest return on investment in Alabama for both in-state and out-of-state students.

 

"It's an obvious fit," Ray Vaughn, who heads the OVPRED, said in the announcement. "Research universities offer many advantages to companies that are considering relocating to our area and to companies that are already here and are considering expansion.

 

more...

 

[al.com]

 

 

 

  


5 Alabama schools named 2014 Blue Ribbon Schools
  
MONTGOMERY, AL (WSFA) -

Five Alabama public schools are being recognized as 2014 Blue Ribbon Schools because of overall excellence or for making progress in improving students' academic achievement levels.

 

The five schools include two from Dothan - Heard Magnet School and Beverlye Magnet School - as well as schools in Winfield, Tuscaloosa and Mountain Brook.

 

The five Alabama schools are among 337 schools (both public and private) recognized nationally by the U.S. Department of Education


more...

  


New building planned to house UAB's Collat School of Business
Sep 30, 2014
Reporter-Birmingham Business Journal

The University of Alabama at Birmingham has plans to construct a new 105,000-square-foot facility to house its Collat School of Business.

 

The new building will be located on the corner of University Boulevard and 13th Street South and will also be home to the Institute For Innovation and Entrepreneurship.

 

Birmingham-based real estate companyMedical Properties Trust gave UAB $1 million in funding for the project and that money will be used to construct the building's auditorium.

 

more...

 

[Birmingham Business Journal]


  


Will your idea fly? Rocket Hatch planning first startup pitch competition in Huntsville
on October 01, 2014 

HUNTSVILLE, Alabama - A meeting will be held Thursday afternoon in downtown Huntsville for anyone interested in sponsoring, volunteering or participating in a fall startup pitch competition in the Rocket City.

 

Rocket Hatch, an open community of creators and innovators in north Alabama, plans to host Huntsville's first "Will This Fly?" contest in late November with Southern/alpha in Nashville. The inaugural event will allow entrepreneurs to pitch their ideas to a panel of judges from GIGTANK in Chattanooga, Start Co. in Memphis and Jumpstart Foundry in Nashville.

 

"'Will This Fly?' is a celebration of the diversity of the creative and entrepreneurial spirit in our community," said Rocket Hatch founder Antonio Montoya. "We want to showcase our local startup community and bring together some of the key players in the region to discover our scene and connect with our local entrepreneurs."


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Enjoy the day, 

Val Walton
   
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