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:
New business hopefuls to compete for share of $250,000 in latest round of Alabama Launchpad
$50,000 from Madison County Commission kick starts UAH high-tech business incubator
Governor Bentley taps Mark Crosswhite to chair inaugural festivities
University of South Alabama, Mobile Chamber receive $100K manufacturing community grant
Southeast Manufacturing Sees Jump In Oct
Alabama Aviation Center in Mobile opens spring 2015 enrollment, still eying expansion

 


New business hopefuls to compete for share of $250,000 in latest round of Alabama Launchpad
on November 05, 2014 
 

BIRMINGHAM, Alabama -- Alabama Launchpad is accepting applications for the next round of its statewide startup competition.

 

The contest, a program of the Economic Development Partnership of Alabama, has awarded more than $1.5 million to new business hopefuls since its inception in 2006.

 

For the latest round, interested teams must submit an application and a $150 non-refundable application fee before midnight Nov. 16. Those selected to compete will be announced on Dec. 12.


more...

 


$50,000 from Madison County Commission kick starts UAH high-tech business incubator
on November 05, 2014

HUNTSVILLE, Alabama - The University of Alabama in Huntsville plans to start a high-tech business incubator for North Alabama start-up companies, and got a $50,000 boost Wednesday from the Madison County Commission.

 

The incubator's goal is to create jobs and local wealth.

 

"You take the best minds and the best research to generate ideas. You take these ideas and commercialize them to create new products and new companies and new jobs and wealth," said Ray Garner, chief of staff for UAH President Robert A. Altenkirch. "The good thing about this concept is that these jobs are generated here and will likely be in the community for the long-term."

 

more...


 

  


Governor Bentley taps Mark Crosswhite to chair inaugural festivities

11/05/2014 

Following his re-election on Tuesday, Governor Robert Bentley announced today the appointment of Mark Crosswhite of Birmingham to serve as chairman of his 2015 Inaugural Committee. 

Mr. Crosswhite is chairman, president, and chief executive officer of Alabama Power Company, which provides electricity to more than 1.4 million customers across the state.

 He is chairman of the Economic Development Partnership of Alabama. He serves on several corporate, civic, and non-profit boards, including Mercedes-Benz U.S. International Inc., Birmingham Business Alliance, the University of Alabama Law School Foundation, and the Virginia Samford Theatre.

more...

 

[DothanFirst]


 

 

 

 

 

  


University of South Alabama, Mobile Chamber receive $100K manufacturing community grant

on November 04, 2014 
 

MOBILE, Alabama -- The U.S. Department of Commerce has awarded a $100,000 grant to the University of South Alabama and the Mobile Area Chamber of Commerce to implement goals from the region's application to become a manufacturing community.

 

In May, the Department of Commerce announced that the southwest Alabama region was one of the first 12 designated manufacturing communities, selected from more than 70 applications across the country.  

 

The university announced in a press release that the $100,000 grant from the Economic Development Administration will be doubled with matching funds and in-kind services from the university, the Chamber, the City of Mobile and the Mobile County Commission.

 

more...

[al.com]

 

 

  


Southeast Manufacturing Sees Jump In Oct

11/05/2014 
Kennesaw State University


Manufacturing activity across the Southeast improved in October due to increases in new orders and production, according to the Southeast's Purchasing Managers Index (PMI) report released today by Kennesaw State University's Econometric Center in the Michael J. Coles College of Business.

 

Production saw the largest spike of all PMI components, increasing 8.3 points to 67.3. New orders continued their steady growth, increasing 3.4 points to 64.4. 46 percent of respondents saw an increase in new orders for the month of October, prompting 44 percent of respondents to increase production.   

 

Six Southeastern states - Alabama, Florida, Georgia, Louisiana, Mississippi, and Tennessee - are included in the Econometric Center's monthly regional report. Four states - Alabama, Florida, Georgia and Louisiana - recorded lower PMIs.

 

more...

 

[manufacturing.net]

 

  


Alabama Aviation Center in Mobile opens spring 2015 enrollment, still eying expansion

on November 04, 2014 

MOBILE, Alabama - With enrollment steadily increasing and area aerospace employers actively recruiting students before they even graduate, the Alabama Aviation Center continues searching for space - and funding - to expand its Mobile Aeroplex at Brookley footprint.

 

"We've been working closely with the (Mobile) Airport Authority to try and find the space we need to accommodate additional workshops and classrooms, and they've been very open to trying to help us find something we can modify to meet our needs," Kyle Cook, the center's director, told AL.com.

 

Meanwhile, registration for spring 2015 classes began Nov. 4, and Cook said he is hopeful the center's recent Aviation Career Fair and Open House introduced a new batch of prospective students to the facility and its diverse skill set.

 

more...

 

[al.com]




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