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:
Alabama's October Unemployment Rate Drops to 6.3%
Clean, sustainable energy startups will get a boost at summer 2015 accelerator program
Auburn University seeks input from stakeholders for self-study related to economic development
Mobile makes Australian publication's 2015 list of 'hottest American cities'
BL Harbert International awarded $158 million embassy project in Kosovo

 


Alabama's October Unemployment Rate Drops to 6.3%

MONTGOMERY-Governor Robert Bentley on Friday announced that Alabama's preliminary, seasonally adjusted October unemployment rate is 6.3%, down from September's rate of 6.6%. October's rate represents 133,470 unemployed persons, compared to 140,555 in September.

 

"The October unemployment rate is good news for Alabama," Governor Bentley said. "We are seeing healthy growth in the number of jobs our economy is supporting, and that is a testament to our efforts to recruit quality companies that bring good jobs to Alabama.  We have not seen this many jobs in more than five years, before the recession hit Alabama, and I am confident this trend will continue."

 

Wage and salary employment, totaling 1,948,600 in October, increased by 9,800.  Monthly gains were seen in the professional and business services sector (+2,900), the government sector (+2,700), and the trade, transportation, and utilities sector (+2,400), among others.



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Clean, sustainable energy startups will get a boost at summer 2015 accelerator program
on November 21, 2014 

HUNTSVILLE, Alabama--Huntsville's  small but growing clean and sustainable technologies. industry sector has been struggling to get off the ground. But it got a boost Thursday night from Rocket Hatch with the announcement of plans for the Alabama's first accelerator for high growth, clean technology startups in the summer of 2015.

 

Alabama Center for Sustainable Energy founder and CEO Daniel Tait has teamed with Rocket Hatch, Fortnum Capital and CleanTech Open to hold Alabama's first accelerator for sustainable technology businesses.

 

Comparing the program to a "bootcamp for entrepreneurs," Tait said the one or two day event will offer an initial cohort of five or more startup businesses the opportunity to examine their assumptions and turn business ideas into action.


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Auburn University seeks input from stakeholders for self-study related to economic development 

Special to the news

November 19, 2014

 

As part of a self-study, Auburn University stakeholders are being asked to provide input concerning the university's engagement in the region's economic development initiatives.

 

Under the auspices of the Association of Public and Land-Grant Universities, or APLU, and Auburn's Office of the Vice President for Research and Economic Development, a survey is being sent to some 3,500 public and private sector business and community leaders asking for their perception of the university's economic engagement.

 

"Auburn is committed to economic engagement," said Vice President for Research and Economic Development John Mason. "As the State of Alabama's land-grant university, Auburn has many different affiliated groups and programs supporting economic development through a variety of activities, including innovation and entrepreneurship, technology transfer, talent and workforce development and community development. This survey is a major part of our self-review with outside stakeholders to gain a consolidated picture of how they perceive that involvement."



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Mobile makes Australian publication's 2015 list of 'hottest American cities'
on November 20, 2014

MOBILE, Alabama -- Ready for another ranking? According to Business Inside Australia, Mobile is no. 9 on the "15 Hottest American Cities for 2015."

 

The story predicts that Mobile will become "the Southern trading hub of the U.S.," and cites recent achievements, including the president's "E" Star Award for Export Services, the highest awarded recognition for export expansion in the country, which was given to the Mobile Area Chamber of Commerce in May.

 

That award was a significant achievement because it recognized continued performance in increasing and promoting exports, said Troy Wayman, vice president of economic development at the chamber.


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BL Harbert International awarded $158 million embassy project in Kosovo
Bryan Davis Reporter-Birmingham Business Journal
Nov. 9, 2014

Birmingham-based BL Harbert International will build the new U.S. Embassy in Pristina, Kosovo.

 

BL Harbert International announced it had been awarded the $158.4 million contract by the U.S. Department of State, Office of Acquisition Management on Wednesday.

 

"BL Harbert is very pleased to have been selected to design and build the new U.S. Embassy in Pristina, Kosovo.Our company looks forward to completing a high-quality facility from which the U.S. Department of State can pursue its diplomatic objectives in the Balkan region," said BL Harbert International Group President Chuck Bohnin a press release.



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