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:
IKO unveils new Sylacauga plant
Dan Pahos named BBA's Small Business Exec. of the Year
Trade mission adds to Alabama bioscience sector growth push
Gregerson appointed to Alabama Small Business Commission
Odenville banking on massive I-59 mixed-use development
United Launch Alliance Alabama factory turns rocket science into rockets (update)
Toyota Alabama earns five awards for environmental excellence

 


IKO unveils new Sylacauga plant

By ZAC AL-KHATEEB, Home staff writer

October 29, 2014

 

SYLACAUGA - Sylacauga is the newest home for an IKO manufacturing plant, and the only one in the entire Southeast.

 

The Canada-based company, which works in manufacturing and distributing roofing and tiling, unveiled its newest plant in Sylacauga on Tuesday. The plant will manufacture varying grades of two varieties of roofing shingles - three-tab and laminate - and will distribute said products throughout Alabama, Georgia, Florida, the Carolinas and parts of Tennessee.

 

At roughly 330,000 square feet, it is also IKO's largest manufacturing plant, a flagship for a company that, until now, only had distribution centers in the region.

 

more...

 

[Daily Home]


 


Dan Pahos named BBA's Small Business Exec. of the Year
Ryan Phillips Digital Producer-Birmingham Business Journal
October 29, 2014

The Birmingham Business Alliance namedDan Pahos, president of Home Instead Senior Care, as their 2014 Small Business Executive of the Year at last night's Small Business Awards.

 

The event was hosted at the Sheraton Birmingham Hotel, which was presented by Bright House Networks Business Solutions and sponsored by Alabama Media Group,Wells FargoEnergen Corp., Sheraton Birmingham Hotel and the Jimmie Hale Mission.

 

Following his award, Pahos will serve as Executive in Residence at Samford University's Brock School of Business during the 2014-2015 school year. According to a release from the BBA, Pahos will speak to small business and entrepreneurship classes, advise Brock School of Business Incubator tenants, along with other school activities, such as being a judge for the annual Regions Bank New Venture Challenge business plan competition


more...


 

  


Trade mission adds to Alabama bioscience sector growth push


MONTGOMERY, Alabama - Officials believe the Alabama biosciences sector is poised for a healthy growth spurt after a weeklong trade mission to Europe added momentum to a strategic push to promote state bio companies and research organizations.

 

An Alabama team of bioscience firms, research outfits, trade experts, and economic development officials returned Friday, Oct. 24, from a business development and trade mission to Belgium and The Netherlands that fueled optimism about the sector's growth prospects.

 

"This trade mission stands as a prime example of how those who represent Alabama's bioscience firms are anticipating growth that will make this industry as large as the state's automobile and aerospace sectors," said Commerce Secretary Greg Canfield, who made presentations on the state's life science sector in both countries.

 
more...

 

  


Gregerson appointed to Alabama Small Business Commission 

TIMES STAFF REPORT 
October 29, 2014 

Greg Gregerson, president of Gregerson's Foods and Pharmacy, has been appointed by Gov. Robert Bentley to the Alabama Small Business Commission.

 

The commission held its first meeting in Montgomery Oct. 21.

 

"The governor has asked us to be a conduit for other local small businesses to bring their issues with state government to his attention," Gregerson said.

 

The commission was created by executive order in September and serves as an advisory body in formulating policies, encouraging innovation, and discussing issues critical to the economic growth of small businesses.

 

more....

 

[Gadsden Times]

 

  


 

Odenville banking on massive I-59 mixed-use development
Bryan Davis Reporter-Birmingham Business Journal
Oct. 29, 2014

The City of Odenville is looking to step up its game in the next few years.

 

Mayor Rodney "Buck" Christian said the city wants to offer more in the way of parks and recreation as well as better police and fire and rescue services to its residents.

 

The massive commercial and residential development that Four Star Holdings and Harbert Realty Services is building off the Springville exit off I-59 is the key to that growth.

Four Star Holdings CEO Bobby Smith Jr. said when all is said and done, the total investment in the property could reach $1 billion, and it could bring between 600 and 1,000 new jobs to St. Clair County.

 

more...

 

[Birmingham Business Journal]

 

  


United Launch Alliance Alabama factory turns rocket science into rockets (update)

DECATUR, Alabama - Inside the United Launch Alliance Alabama factory, rocket science powers to life as workers assemble the giant Atlas and Delta launch vehicles that thrust critical satellites aloft and blast probes into deep space.

The sprawling, one-of-a-kind plant tucked away on an industrial road in this Morgan County city plays an important role in today's high-tech world: The ULA rockets made here help create the constellation of satellites overhead that shape life in the 21st Century.

 

Alabama-made Atlas and Delta launch vehicles have carried weather, GPS, communications, surveillance, and research satellites on missions designed to strengthen national security or simply improve life on Earth. On Wednesday, an Atlas V blasted off from Cape Canaveral carrying a highly sophisticated GPS satellite.

 

more...

 

  


 

Toyota Alabama earns five awards for environmental excellence  

 

HUNTSVILLE, Ala. (October 30, 2014) - Not only is Toyota Alabama a global leader in building world-class engines, but it has also become a leader in environmental excellence. The Huntsville plant received recognition for five environmental awards this week, further demonstrating the facility's commitment to minimize its environmental footprint.   

  • EPA ENERGY STAR Challenge for Industry - reduction of energy use by 14 percent (per unit produced) in one year.
  • Three Toyota North America Environmental Awards - outstanding performance in energy and water management plus overall environmental improvement unit plant. The reduction in water use is equivalent to 75 million water bottles. The plant has received this award for eight consecutive years.    
  • City of Huntsville Air Pollution Control Achievement Award - reduction of electric usage by 4.3 gigawatt hours per year (enough to power 400 average households for a year). 

The EPA has also recognized Toyota and its 14 vehicle assembly, engine and parts plants across North America - including Toyota Alabama - with its ENERGY STAR Partner of the Year - Sustained Excellence Award for its continued leadership in protecting the environment through superior energy efficiency.

 

It's Toyota's 10th consecutive ENERGY STAR Partner of the Year - Sustained Excellence Award and it is the most among any automaker that assembles vehicles in the United States.

 

Over an 11-year period at Toyota's 14 plants, total cost savings from energy improvements has totaled more than $500 million, and energy use has been reduced by 22 percent per vehicle produced.  That's enough energy to power 400,000 average households for a year.

 

As one of two model Sustainable Plants in North America, the Alabama plant is implementing two unique projects: rainwater harvesting to use in the manufacturing process and using end-of-life hybrid vehicle batteries to power operations and provide back-up power during emergencies.

 

Another key component of the company's environmental initiatives is future sustainability. Projects like afforestation and the fact that Toyota Alabama is a zero waste-to-landfill facility are examples of these sustainable actions.

 

"At Toyota we believe that when good ideas are shared, great things can happen. Through continuous improvement and collaborative efforts, we strive to find new ways to reduce the environmental impact of our operations," said Jim Bolte, Toyota Alabama president. "Our environmental achievements are a result of the ongoing teamwork shown by our outstanding team members."   

 

 

 

 

 

 

 




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