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:
Butler County Hyundai supplier announces expansion, new jobs
Shorter sees blue skies ahead
BL Harbert International awarded $18 million Naval contract
How banks work with Bham tech companies


Butler County Hyundai supplier announces expansion, new jobs
 October 13, 2014



BUTLER CO., AL (WSFA) -Greenville and Butler County leaders are applauding another expansion for a tier one Hyundai supplier in Butler County.


Hwahsin American in Greenville announced 50 new jobs and an investment of $34 million to physically expand the facility by 100,000 square feet.


Company officials say they hope to have the new facility built by the end of the year. The starting pay for those new positions will be between $30,000 and $35,000.










Shorter sees blue skies ahead

 Brad Harper, Montgomery Advertiser

 October 12, 2014

Harold Powell doesn't have time to think about setbacks. Things are moving too fast.


Earth movers were hard at work last week at the interstate exit where VictoryLand once beckoned, clearing land for a massive new Love's truck stop. It'll bring a Subway, a McDonald's and more than 80 jobs with it when it opens next spring in Shorter.


Powell, the town clerk, also functions as a planner for Shorter and has his hands full racing to finish an access road before the truck stop is done.




[Montgomery Advertiser]




BL Harbert International awarded $18 million Naval contract
Reporter-Birmingham Business Journal
Oct. 13, 2014

Birmingham-based BL Harbert International has been awarded its second Naval contract in as many years.


The U.S. Naval Facilities Engineering Command has awarded BL Harbert International the $18.4 million contract for the P-921 Unaccompanied Housing at Camp Lemonnier in Djibouti, Africa.


In 2013, the contractor won a $150 million contract for the P-688 Forward Operating Base.




[Birmingham Business Journal]





How banks work with Bham tech companies
Antrenise Cole Reporter-Birmingham Business Journal
Oct 14, 2014

Some Birmingham banks are partnering with local tech companies and startups as they make upgrades to their technology.


Tech executives said in the Birmingham Business Journal's recent cover story that forging a stronger connection with the corporate community, especially the banking industry, is key to taking the Magic City's tech scene to the next step.


Chad Ballard, director of innovation and mobility for BBVA Compass, said BBVA Compass looks for opportunities to use local resources, and, in fact, currently works with a variety of Birmingham-based technology companies, among them Ovation Tek, ITAC Solutions and NWN, formerly Comframe. He said the bank is also starting to work closely with Innovation Depot to develop future opportunities with startups incubating in its system.



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.

Follow us on Twitter
Enjoy the day, 

Val Walton
Join Our Mailing List