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:
Jackson manufacturing plant expanding, creating 35 new jobs
New industry moving to the area
Aerospace organization has a new leader
Gov. Robert Bentley to tour Daphne company that turns algae into biofuels and drinking water
How a Birmingham startup plans to change the local capital climate
Keel laying ceremony held for future USNS Brunswick at Austal
Wiley Blankenship Named to Southern Economic Development Council's Board of Directors

 




Jackson manufacturing plant expanding, creating 35 new jobs
December 2, 2014

Orchid Orthopedic Solutions Alabama, LLC (Orchid Alabama), located at 2715 Bells Highway in Jackson, will invest $2.1 million for the project.

 

The company is a worldwide leader in the contract design and manufacture of implants, instruments and innovative technologies for the orthopedic, dental and cardiovascular markets, according to a news release.

 

"We are pleased that Orchid Alabama chose to grow in Jackson," said City of Jackson Mayor Jerry Gist in a news release from the Jackson Chamber. "Jackson is a thriving community that nurtures its industries and we welcome this expansion."

more...

 


New industry moving to the area

December 2, 2014 


 

GENEVA -- Mayor Philip Carter and Wiregrass Economic Development Corporation are excited to welcome a new company, The SYGMA Network, Inc., to the City of Geneva, and to the State of Alabama.


 

Every day, the country's most successful restaurant chains rely on The SYGMA Network to supply everything from fresh beef and produce to silverware and cleaning supplies.


 

SYGMA is a wholly-owned subsidiary of SYSCO Corporation, a Fortune 100 company, and one of the largest foodservice distributors in the United States.

 

more...

 

[Dothan Eagle]


 

 

 


Aerospace organization has a new leader
by Savanna Williamson
 Dec 1, 2014

MONTGOMERY, Ala. (WAAY) - Lieutenant Governor Kay Ivey began serving Monday as the Interim Chair of the Aerospace States Association (ASA). She has previously served as Vice Chair of ASA for over three years. 

 

ASA is a nonpartisan organization of Lieutenant Governors from all across the United States, who represent those state's interests in federal aerospace and aviation policy.

 

Across the US, the aerospace industry contributes nearly $120 billion in export sales, resulting in a positive trade balance of over $70 billion. That's the largest trade surplus of any manufacturing industry in the United States. 



more....

 


Gov. Robert Bentley to tour Daphne company that turns algae into biofuels and drinking water
on December 03, 2014

DAPHNE, Alabama - What began with a social media Tweet on Twitter has evolved into a 25-employee company on Mobile Bay in Daphne that has invested more than $7.5 million into the local economy and has drawn interest from the governor's office.

 

Alabama Gov. Robert Bentley will visit Algae Systems, a Nevada-based company operating a pilot program in Baldwin County, during a 2 p.m. tour Wednesday with state and local officials.

 

Bentley's tour will highlight a 2012 start-up company that surfaced with the $15 million backing from Japanese engineering firm IHI and has focused on new technology to produce bio-crude oil and drinking water from algaefound in the Mobile Bay.


more...

 


How a Birmingham startup plans to change the local capital climate
Alan Alexander Reporter-Birmingham Business Journal
December 2, 2014

Improving Birmingham's venture capital activity been a hot topic among business leaders in the Magic City. 

 

Among the foremost mentioned ways to gain more access to capital is improving the city's outside perception as an attractive location for companies to invest. Birmingham startup r-squared macro is trying to do just that.

 

Describing itself as a global macroeconomic investment firm, r-squared macro examines the world's largest economies to create globally-diversified investment portfolios for institutional investors.



more...

 


Keel laying ceremony held for future USNS Brunswick at Austal
on December 02, 2014 

MOBILE, Alabama -- Austal USA held a keel laying ceremony for the future USNS Brunswick, the sixth joint high speed vessel under construction at the shipyard, early Tuesday. The ship joins 10 other vessels that have been placed center stage for the shipbuilding tradition.

 

"But each one certainly get's better than the previous," said Craig Perciavalle, president of Austal USA.

 

The keel was laid for the first joint high speed vessel -- the USNS Spearhead --  in July 2010. Then employees numbered around 1,500, Perciavalle said.

 

"We celebrate the keel laying of the sixth joint high speed vessel, Brunswick, with total employment now of just over 4,200."



more....

 



 

Wiley Blankenship Named to Southern Economic Development Council's
Board of Directors
 

 

Atlanta, GA (December 1, 2014) - The Southern Economic Development Council (SEDC), the oldest and largest regional economic development association in North America, is pleased to announce Wiley Blankenship, President and CEO of the Coastal Alabama Partnership in Mobile, Alabama, as the state director of Alabama on the SEDC Board of Directors. 


 

The state director will serve a two-year term on SEDC's board. Mr. Blankenship will take the seat on January 1, 2015. Wiley is a dedicated long-time SEDC member for almost 10 years. He was choosen for this position by his peers within his state of Alabama.


            "Wiley Blankenship is a consummate professional, his experience and leadership will not only help us meet our goals, but also continue our efforts in raising the bar for SEDC and our membership."stated Mike Philpot, CEcD, SEDC incoming Chairman of the Board.  

 




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