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:
Georgia-Pacific Announces $6 Million Investment At Thorsby, Alabama, Engineered Lumber Operations
Alabama's 27th Annual Economic Outlook Conference Set for Jan. 15
Gov. Robert Bentley to visit Shoals today for FreightCar America expansion announcement
HOTCoffee startup community to recognize top-ranked 'Innovation Leaders' in Huntsville
Calhoun Community College breaks ground on $34 million expansion of Huntsville campus

 


Georgia-Pacific Announces $6 Million Investment At Thorsby, Alabama, Engineered Lumber Operations
 

 

ATLANTADec. 8, 2014 /PRNewswire/ -- Georgia-Pacific today announced an investment of approximately $6 million at its Thorsby, Alabama, engineered lumber operations to expand production capacity of laminated veneer lumber (LVL). In a move that positions the facility for long-term success, improvements include upgrading the press system's lay-up line and veneer sheet feeders, as well as increasing overall veneer dryer capacity and efficiency. Project completion is expected by the second quarter of 2015.

 

"As the housing market continues a slow, but steady improvement, we are investing in our building products division to ensure our ability to meet growing customer needs," said Paul Watterson, general manager for Georgia-Pacific's engineered lumber business. "Along with being located within a good wood basin that provides easy access to raw materials, the improvements to our Thorsbyoperations will increase our ability to supply LVL - a key component for beams and headers in new construction."

 

Georgia-Pacific has seven facilities in Alabama, three of which are part of the building products division. The company employs approximately 2,500 people directly in the state of Alabama, with approximately 240 people located at the Thorsby operations. Total direct compensation and benefits for Alabama employees is approximately $230 million, resulting in approximately $650 million in indirect wages and benefits.



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Alabama's 27th Annual Economic Outlook Conference Set for Jan. 15

By Patrick Rupinski

Business Editor
 December 8, 2014

The University of Alabama's 2015 Economic Outlook Conference will be held Jan. 15 at the Renaissance Montgomery Hotel & Spa at the Convention Center.

 

It will be the 27th year for the conference hosted by UA's Center for Business and Economic Research.

 

Speakers include:

David Altig, executive vice president and director of research at the Federal Reserve Bank of Atlanta, and Ahmad Ijaz, CBER associate director and director of economic forecasting, who will give economic forecast for 2015 for the U.S. and Alabama;



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Gov. Robert Bentley to visit Shoals today for FreightCar America expansion announcement
on December 08, 2014 

CHEROKEE, Alabama -- Gov. Robert Bentley will be in Colbert County this afternoon for an expansion announcement at FreightCar America in Cherokee.

 

The 1 p.m. press conference will take place on 1200 Haley Drive in Barton Riverfront Industrial Park. State and local leaders will be present at the event.

 

AL.com has contacted FreightCar America for additional details about the expansion and will update the site when more information is available.

 

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[al.com]


 


HOTCoffee startup community to recognize top-ranked 'Innovation Leaders' in Huntsville
on December 08, 2014 

HUNTSVILLE, Alabama - The Rocket City's top "Innovation Leaders" will be revealed Friday morning during HOTCoffee's Innovation Leadership Awards ceremony at the University of Alabama in Huntsville.

 

HOTCoffee, a year-old startup networking community of more than 400 people launched by the UAH College of Business Administration, nominated 24 contenders in the private, public and social sectors. HOTCoffee members then ranked the top three candidates in each category.

 

"The Innovation Leadership Awards recognize initiatives started or expanded in 2014 as the most beneficial to creating a startup ecosystem in Huntsville that is vibrant, inclusive, and promotes a high quality of life for all," an announcement said.



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Calhoun Community College breaks ground on $34 million expansion of Huntsville campus
on December 05, 2014

HUNTSVILLE, Alabama -- It was standing room only at Calhoun Community College's Huntsville campus Friday morning as more than 550 people turned out to celebrate the groundbreaking on the school's $34 million expansion project.

 

The project includes construction of a new three-story, 90,000-square-foot building to house the school's math, science and computer science programs. It also entails renovation of the existing building. 

 

The school's jazz band played Christmas music as guests packed into the facility's grand foyer. Speakers at the ceremony included local and state officials, all led by Calhoun president Dr. Marilyn Beck. 



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