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:
Room for growth
Iljin Alabama plans $15.8 million expansion in Phenix City, creating 60 jobs
New HudsonAlpha sequencing system heralds era of 'routine' genetic profiling in medical care
Economic Development Alliance targets industry
Japan's Dai-ichi's purchase of Birmingham's Protective Life expected to close Feb. 1
Bentley, educators call for wide effort between businesses, colleges to train workforce

 


Room for growth

Brad Harper, Montgomery Advertiser
December 14, 2014

As Prattville's economy rebounds from the depths of the recession, new businesses and developments are popping up around the city. Meanwhile, they're laying the groundwork for a lot more.

 

"Right now we're in some stage of due diligence in 15 or so projects," said Brabham, the Prattville Area Chamber of Commerce's new economic development director. "We have an awful lot of people interested in this area."

 

A new site designation may help the city land even bigger projects.

 

The city-owned, 381-acre Prattville South Industrial Park on Autauga County 4 has been certified as an Alabama AdvantageSite. That means it meets specific size, zoning and accessibility requirements, and that its infrastructure setup and some of the other data that companies need to know have all been documented.

 

more...

 

[Montgomery Advertiser]

 

 

 


Iljin Alabama plans $15.8 million expansion in Phenix City, creating 60 jobs

BY TONY ADAMS

December 12, 2014 


South Korean auto parts manufacturer Iljin Alabama plans a $15.8 million expansion at its Phenix City plant that should create 60 jobs within two years.

 

The expansion of the facility at 14 Downing Drive, in Phenix Industrial Park off U.S. Hwy. 431, was announced Friday by Phenix City Mayor Eddie Lowe, City Manager Wallace Hunter and Finance Director Steve Smith.

 

"I hope what everybody realizes is when you start talking about capital improvement of over $15 million, that shows that they do have confidence in our city and our market," Lowe said. "We are certainly appreciative of that."

 

It is the second expansion for Iljin Alabama since locating in the city in 2010. It employed 58 initially and pledged to create 23 jobs and a $3 million capital investment in March when a second production increase was unveiled. The latest addition will bring it to about 140 employees by 2016.

 

"They're adding industrial manufacturing space, as well as warehousing space," Smith said. "The warehousing space will free up space in their current building to add additional lines.



 more...

 

 

 


 


New HudsonAlpha sequencing system heralds era of 'routine' genetic profiling in medical care
 
on December 12, 2014 

HUNTSVILLE, Ala. - The HudsonAlpha Institute for Biotechnology said today it has bought a new gene sequencing system so fast and inexpensive that it will soon make sequencing the entire genetic makeup of a human being "routine" in medical care.

 

The HiSeq X Ten sequencing system - a $10 million, 10-part system - can sequence 320 human genomes a week. That translates to a capacity to sequence or profile nearly 17,000 human genomes a year. Each human genome contains approximately 19,000 genes. 

 

The HiSeq X Ten advertises that its speed and capacity make possible a $1,000 human gene profile. At that price or something close to it, it will be possible soon for physicians to order a genome sequence for a patient as part of regular diagnosis or treatment.

 

HudsonAlpha has already received federal approval to accept clinical samples for genetic sequencing and to return the results directly to physicians. the institute said it believes society is ready "for genomic information to become standard" medical care.

 
more...

[al.com]

 

 


Economic Development Alliance targets industry
By Mitch Sneed
December 15, 2014

When Russell Corporation began cutting jobs a decade ago and then pulled a mass exodus, the jobs that were lost would have been a blow that would have had most towns the size of Alexander City on life support.

 

Some places never recover from such an event.  If it had not been for so many people working to lure and create jobs, this area may have been the same. At the forefront of the effort was the Lake Martin Area Economic Development Alliance.

 

Haven't heard of that group? Not sure what they do? That's because the three-person staff and the 20 or so board members  "work behind the scenes" and "do a lot of grunt work" to make jobs happen in our area.

 

Very quietly the Alliance played a role in bringing 16 new companies to the Lake Martin area since 2002 and helped with 15 expansion projects. That calculates to 3,252 new jobs, according to LMAEDA stats.

 

 

more...

 

[Alex City Outlook]

 

 

 


Japan's Dai-ichi's purchase of Birmingham's Protective Life expected to close Feb. 1

on December 15, 2014 

BIRMINGHAM, Alabama - Japan's Dai-ichi Life Insurance Co.'s acquisition of Protective Life Corp. is expected to close Feb. 1, Protective announced Monday. 

 

Tokyo-based Dai-Ichi announced the $5.7 billion purchase in June. The company is 

Dai-Ichi was founded in 1902 and sells life insurance in Japan, Vietnam, Australia, Thailand, Indonesia and India.

 

 It also has offices in New York, Hong Kong, Beijing and Shanghai. It employs 67,000 people in Japan and is the second-largest life insurance company there as measured by total assets. 

 

more...

[al.com]

 

 

 

 


Bentley, educators call for wide effort between businesses, colleges to train workforce

on December 12, 2014 

MONTGOMERY, Alabama -- Alabama will see business and educators work more closely to train workers not only in technical skills but also interpersonal or so-called "soft skills."

 

Gov. Robert Bentley called on the state's educational institutions and training providers to redouble their efforts in providing for essential job skills. Those skills have to include interpersonal skills, or "soft skills," where workers learn how to navigate the workplace every day with ease.

 

The effort to instill such values and skills was announced on Thursday by Gov. Robert Bentley, business allies and a slew of educators including Mark Heinrich, chancellor of the Alabama Community College System; Tommy Bice, state superintendent of education; Robert Witt, chancellor of The University of Alabama System and chair of the Alabama Council of College and University Presidents; and Mrs. Ella Bell, vice president of the State Board of Education.

 

In a written statement, Bentley said he is happy the unemployment rate is coming down, but full employment for Alabama is still his goal.

 

more....

 

[al.com]




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