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:
British pharmaceutical maker to open first U.S. manufacturing facility in Birmingham; create 200 jobs as part of $29 million investment
Alabama not just focused on growing manufacturing jobs
Economic development expert joins University of Alabama
Idea Audition to reward great business idea with $5,000 cash prize

 


British pharmaceutical maker to open first U.S. manufacturing facility in Birmingham; create 200 jobs as part of $29 million investment

BIRMINGHAM, Alabama - A British pharmaceutical company will open its first manufacturing center in the U.S. in 2016, Gov. Robert Bentley confirmed at the Birmingham Business Alliance 2014 Governor's Luncheon.

 

Oxford Pharmaceuticals is expected to have 61 employees when it opens and 200 within 10 years. Jobs will range in pay from about $12 an hour to more than $100. The company's investment will total $29 million.

 

Bentley, along with Mayor William Bell and Jefferson County Commission President Jimmie Stephens, made the announcement at The Club Tuesday.


more...

 


Alabama not just focused on growing manufacturing jobs
Bryan Davis Reporter-Birmingham Business Journal
Nov. 17, 2014

Alabama is looking to shake off the Great Recession, which led to over 150,000 lost jobs in the state.

 

Secretary of Commerce Greg Canfield said Friday during the CCIM/NAIOP Market Symposium the state has not recovered all of the 154,800 jobs lost during the economic downturn, but it is off to a good start.

 

"Alabama sustained more job loss than any similarly sized Southeastern state," Canfield said, comparing Alabama's job loss to Kentucky, Mississippi and Arkansas.

 

Since January 2011, Canfield said the state has recovered 98,400 of those lost jobs.



more....

 


Economic development expert joins University of Alabama
Staff report
November 17, 2014 

The former director of the Alabama Development Office has been named the director of the Economic Development Academy at the University of Alabama.


Neal Wade's appointment is effective immediately, according to a Monday news release from UA.

 

"In the expanded responsibilities of the Office of the Vice President for Research and Economic Development, Mr. Wade joins an established economic development organization," said UA President Judy Bonner in the release.


more..

 


Idea Audition to reward great business idea with $5,000 cash prize

 

SHOALS - More than 30 would-be entrepreneurs will present their business ideas tonight to a panel of area professionals, and the best idea will be awarded a $5,000 cash prize.

 

The Shoals Chamber of Commerce's and the University of North Alabama's Idea Audition has been designed to help foster new businesses, help entrepreneurs polish their presentations, and introduce them to community leaders who might be instrumental in helping make their ideas a reality.

 

"This is part 'Shark Tank' and part 'American Idol,'" said Mary Marshall VanSant, Vice President for Investor Relations and Public Policy for the Shoals Chamber. "We'll even help business people rehearse and polish their presentations, as a way to help them concentrate on refining their ideas and make them into workable businesses. Five thousand dollars is a great reward for the best one, but we're hoping that the exposure to business leaders in the community will also foster some mentor relationships."

 

The public is invited to attend this event at 6 p.m. on the second floor of the Guillot University Center at the University of North Alabama.  

 

For more information, click here




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Val Walton
   
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