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:
Asahi Kasei Plastics receives $250,000 financial boost for new $30 million Athens plant
Dynetics in Huntsville to support hardware development on new $19.5M Raytheon contract
Todd Syrup Farm & Country Market Get Grant to Expand
Move your business idea beyond the napkin stage during Rocket Hatch's first startup pitch competition
'Bike No. 1' goes to Barber museum as Motus Motorcycles begins production

 


 

Asahi Kasei Plastics receives $250,000 financial boost for new $30 million Athens plant
on October 07, 2014 

ATHENS, Alabama - The $30 million Asahi Kasei Plastics plant in Limestone County recently received a $250,000 financial boost from the Alabama Department of Economic and Community Affairs.

 

Funded by the U.S. Department of Housing and Urban Development and administered by ADECA, the community development block grant will pay for the infrastructure needed for the construction of Asahi's 120,000-square-foot facility in Elm Industrial Park. Officials broke ground on the 51-acre site last week.

 

The advanced thermoplastics compounding plant will process plastic resin into a finished pellet product that will be shipped to plastic injection molding facilities. The facility, which will serve the automotive, commercial seating, pool and spa, and electrical and electronics sectors, will employ 100 at full capacity and is expected to be operational in early 2016.


more...

 

[al.com]

 

  


Dynetics in Huntsville to support hardware development on new $19.5M Raytheon contract

on October 07, 2014 

HUNTSVILLE, Alabama - One of Huntsville's most well-known companies will assist on a $19.5 million contract awarded by the U.S. Air Force to Raytheon Company for next-generation long-range radar equipment that will detect, identify and track drones, missiles and aircraft.

 

Dynetics, a 40-year-old engineering solutions provider headquartered in Cummings Research Park, announced late Monday it will support the hardware development on Raytheon's Three Dimensional Expeditionary Long-Range Radar (3DELRR) program, which will replace the Vietnam-era AN/TPS-75 system.

 

"We are excited to be able to bring some of the 3DELRR work to Huntsville," said Dynetics President David King. "The program will provide an economic boost to the Huntsville community."

 

more...

 

[al.com]

 

 

  


Todd Syrup Farm & Country Market Get Grant to Expand

October 7, 2014

 

MONTGOMERY- Things are about to get a little stickier in southeast Alabama, but that is good news.

 

Gov. Robert Bentley has awarded an $83,264 Community Development Block Grant to assist the expansion of Todd Syrup Farm and Country Market near Headland. The family-owned business, located off U.S. 431, produces and sells cane syrups, jams, jellies, sauces and seasonal produce.

 

The owners will expand the availability of locally produced goods and services and they plan several family attractions to encourage longer stops at the business. The business expects to hire at least 15 additional workers.

 

more...

 

[WTVY.com]

 

  


 


Move your business idea beyond the napkin stage during Rocket Hatch's first startup pitch competition in Huntsville
on October 07, 2014 

HUNTSVILLE, Alabama - Rocket Hatch is seeking pre-acceleration, pre-funding, napkin-stage startups that have the potential to grow globally for its inaugural Will This Fly? startup pitch competition late next month in Huntsville.

 

The open community of creators and innovators held a press conference Tuesday morning at the Chamber of Commerce of Huntsville/Madison County to formally announce the event, which will be supported by Southern/alpha in Nashville and allow entrepreneurs across the South to pitch their business ideas in three minutes or less in a "Shark Tank" fashion. 

 

Antonio Montoya, co-founder of Rocket Hatch, is an entrepreneur and digital strategist who is passionate about connecting the north Alabama startup community with peers in neighboring cities, such as Nashville, Birmingham, Chattanooga and Atlanta. He hopes Will This Fly? will be one of many future events to strengthen relationships between new companies, investors, mentors and potential business partners.
 

more...

[al.com]

 


 

  


 

'Bike No. 1' goes to Barber museum as Motus Motorcycles begins production


BIRMINGHAM, Alabama - Motus Motorcycles founders Lee Conn and Brian Case spent nearly six years developing a dream bike that shredded speed records at the Bonneville Salt Flats in August. Now, they're ready to power through a production ramp-up that will prompt the company to expand its Birmingham operations.

 

But first, Motus' Bike No. 1 needs a special home.

 

The first hand-crafted sport-touring motorcycle off the company's assembly line - a white Motus MSTR, known as MSTR #0001 - is lined up for a spot in the Barber Vintage Motorsports Museum, which holds the world's largest collection of vintage and contemporary motorcycles.

 

Conn, the company's president, and Case, its design director, presented the motorcycle to museum founder George Barber during a brief ceremony today at Barber's facility, a Birmingham area landmark that stands as a shrine to the artistry of motorcycle design.

 

more...

 

[madeinalabama.com]

 




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