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 jobs coming to Alabama as Coca-Cola Bottling Company UNITED changes Coke distribution
McClellan automotive supplier expansion unveiled
New Nucor investment project worth $15.4M
Montgomery Area Chamber of Commerce celebrates 2014 successes
Small biz owners most optimistic since 2008
Andalusia board receives $32,000 grant

 


 

New jobs coming to Alabama as Coca-Cola Bottling Company UNITED changes Coke distribution
By Bethany Davis
Dec. 10, 2014
MONTGOMERY, AL (WSFA) -Montgomery Mayor Todd Strange is excited to talk about Coca-Cola United Moving into Montgomery.
  

"It's always a big deal when you can add jobs to any equation," Strange said.

"We're a Coca-Cola bottler, we're one of the Coca-Cola bottlers across the franchise system," says Allen Smoot, South Alabama Division Director, Central Region for Coca-Cola Bottling Company UNITED, Inc. 

 

As of Nov. 22, Coca-Cola UNITED and its 284 Montgomery employees have been operating out of A 850,000 square foot building on Westpoint Boulevard, the biggest building Montgomery had to offer.

 

"It's a big investment to start with, probably in the $16-20 million dollar range, over time it will add employees," Mayor Strange says. 

 

Coca-Cola UNITED has been operating in Birmingham for more than 100 years. This expansion comes after the Coca-Cola parent company, based in Atlanta, decided to sell the franchise rights to sell and distribute its products; franchise rights Coca-Cola UNITED recently acquired.

 

more...

 

[WSFA]

 


McClellan automotive supplier expansion unveiled

December 9, 2014 


 

Lisa VanDervort struggled to find good work after her employer, Hager Hinge in Oxford, closed in 2009. The expansion of International Automotive Components at McClellan this year, however, helped the White Plains resident find the job she wanted.


 

Now she is helping other locals do the same.


 

"It was tough finding something that I wanted," VanDervort said, who worked in human resources at Hager Hinge and now does the same for IAC, assisting job applicants. "And now I've helped several people who haven't had jobs for a while get hired."


 

VanDervort is one of 75 people hired so far as part of IAC's $22 million, 126,000 square-foot expansion this year. The automotive components supplier, which held a ribbon cutting for the expanded wing Tuesday, plans to hire 350 workers by 2016 when the facility becomes fully operational.


more....


 

 

 


New Nucor investment project worth $15.4M

By Leah Cayson Staff Writer | 

December 9, 2014


 

Nucor Steel Decatur LLC was approved for tax abatements Tuesday on a $15.46 million investment to outfit its existing operation with new technology.


 

The Industrial Development Board approved $722,800 in property, use and sales tax abatements for the project. The project will produce no new jobs at the facility, but it will create 30 to 50 construction jobs, depending on the phase of the project.

Nucor Vice President and General Manager Mike Lee said the new technology investment will allow the company to produce steel for use in automotives, appliances and caskets. Currently, Nucor steel is used primarily in construction.

 

The tax abatements include about $44,890 a year for 10 years in state, county and city non-educational real and personal property taxes. They also include $273,900 in state and city use tax abatements over 10 years, Industrial Development Board attorney Barney Lovelace said.

 

more...


 


Montgomery Area Chamber of Commerce celebrates 2014 successes
By Mark Bullock
December 9, 2014

MONTGOMERY, AL (WSFA-TV) - Nearly a thousand area business and community leaders gathered Tuesday night to celebrate the River Region's accomplishments of 2014. The celebration was part of the Montgomery Area Chamber of Commerce's 142nd annual meeting.

 

Among its successes, the chamber pointed to continued improvement of workforce development programs, including those that help high school students better prepare for the job market. The renewed plan to build two public schools at the site of the old Montgomery Mall was also heralded. And outgoing chamber chair, Leslie Sanders, discussed the important role the Air Force plays in Montgomery.

 

"This River Region will become the think tank for the department of defense," Sanders said. "And I think you will see this region's reputation totally change over the next year or two."



more....

 


Small biz owners most optimistic since 2008
Antrenise Cole Reporter-Birmingham Business Journal
Dec 9, 2014

Small business owners are anticipating an improved financial situation in 2015 and are the most optimistic they've been since the start of the Great Recession, according to a recent Wells Fargo/Gallup Small Business Index survey.

 

Business owners across the U.S. were surveyed to gauge their perceptions of their present situation and future expectations in six key areas: financial situation, cash flow, revenues, capital spending allocation, hiring and credit availability.

 

The overall index score, which measures small business optimism, was a positive 58 for the fourth quarter, significantly up from a positive 49 in the previous quarter and a positive 24 points a year ago. Any score above 0 represents optimism about the economy. While still below pre-recession levels, the score is the highest it has been since January 2008's index score of positive 83.



more....

 


 

     Andalusia board receives $32,000 grant

 

The Industrial Development Board of the City of Andalusia has been awarded an Industrial Development Grant of $32,000 by the State of Alabama Industrial Development Authority. 

 

 The grant was requested on behalf of Huhtamaki, Inc. and will provide reimbursement to Huhtamaki for certain capital costs incurred as part of its recent $2.3 million dollar expansion in Andalusia.  

 

Known locally as the "box factory," the former Paris Packaging plant employed 20 in 2001. It was acquired by the Huhtamaki Group, whose North America segment is a leading manufacturer of packaging for the foodservice industry and retail markets. Current employment has grown to 63, corporate officials said.

 

New machinery and equipment installed as part of the expansion is used to promote the continuous operation and growth by the company and improvement of its flexographic printing capabilities.

 

Huhtamaki North America is a leading manufacturer of consumer goods packaging as well as tableware, cups, folding cartons, containers, carriers, trays and serviceware for the foodservice industry and retail markets. Its product portfolio includes Chinet®.

 

Shane Parks, Plant Manager of the Andalusia facility, said that the new equipment has been fully integrated into the plant's operation.  "The new equipment gives our plant increased flexibility to respond to customer needs," Parks said. "It has resulted in increased employment opportunities for both operations and maintenance at our facility."

 

Rick Clifton, President and CEO of the Covington County Economic Development Commission, which assisted the IDB in assembling and submitting the grant application, said: "We are greatly appreciative that the State takes interest in rural projects like ours.  A great deal of job creation can come from expanding existing industry like Huhtamaki and grants such as these help make it possible."

 




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