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:
City cheers $91.9M in 2014 investment
Toyota Alabama praised as 'model plant for environmental sustainability' in 2014 North American report
University of Alabama President Judy Bonner announces plans to step down
College classes to be offered at Stanhope Elmore
ALABAMA STATE PORT AUTHORITY POSTS SECOND STRAIGHT YEAR OF RECORD REVENUES - STEEL, CONTAINER AND COAL VOLUMES UP

 


City cheers $91.9M in 2014 investment

Brad Harper, Montgomery Advertiser

 December 16, 2014

While the area's industry recruiters were working to land the next big Montgomery company, a century-old Capital City manufacturer was quietly adding new equipment to prepare for growth. And across town, a longtime auto supplier was expanding its parking lot because it has hired so many people recently.

 

City leaders gathered Tuesday to applaud those kinds of stories from 19 companies, which invested a total $91.9 million here and created 280 jobs in 2014.

 

With no gaudy announcements at the time, much of it may have flown under the radar. Even some of the company names may be unfamiliar.

 

more...

 

[Montgomery Advertiser]


 

 


 

Toyota Alabama praised as 'model plant for environmental sustainability' in 2014 North American report

on December 17, 2014

HUNTSVILLE, Alabama -- Toyota Alabama was praised as a "model plant for environmental sustainability in the region" in the company's recently-released 2014 Toyota North American Environmental Report.

 

Toyota Motor Engineering & Manufacturing North America spokesman Victor Vanov said the Huntsville engine plant has implemented several programs "to enhance its environmental performance, implement innovative technologies and strengthen community partnerships."

 

In October, the facility won five awards for environmental excellence,including one from the EPA, three from Toyota and another from the city of Huntsville for air pollution control.

 

more...

 

[al.com]

 

 

 


University of Alabama President Judy Bonner announces plans to step down 

By Ed Enoch

Staff Writer
December 17, 2014 

University of Alabama President Judy Bonner on Wednesday announced plans to step down by the end of September 2015 and return to teaching.

 

Bonner's announcement comes roughly two years after being named the first female president of the Capstone. She notified UA System Chancellor Robert Witt of her desire to leave the presidency and return to teaching in a letter on Monday, according to the university. A letter was sent to the campus community on Wednesday.

 

"I would like to return to my first love, which is teaching and working more directly with students. In order to do so, I will take a year's sabbatical to prepare to return to the classroom in the fall of 2016," Bonner said in prepared comments released by the university.


more...

 

[Tuscaloosa News]

 

 



College classes to be offered at Stanhope Elmore
Matt Okarmus, Montgomery Advertiser
 December 16, 2014

Central Alabama Community College announced Tuesday plans to expand services into Elmore County, aiming to utilize campus facilities of Stanhope Elmore High School.

 

The college is currently teaching dual enrollment classes in the county but will now expand to allow CACC to teach evening classes to those who qualify. The move was approved by the Department of Postsecondary Education and the State Board of Education.

 

"I am thrilled that we are able to strengthen the partnership between Stanhope Elmore High School and Central Alabama Community College, for use in this community" said Mark Heinrich, chancellor of the Alabama Community College System, in a statement. "We want to ensure that the students in this area have the access they need to successfully continue on their journey towards higher education."

 

more....

 

[Montgomery Advertiser]


 


 

ALABAMA STATE PORT AUTHORITY POSTS SECOND STRAIGHT YEAR OF RECORD REVENUES - STEEL, CONTAINER AND COAL VOLUMES UP

 

 

December 17, 2014, Mobile, Ala. - The Alabama State Port Authority today released its financial and tonnage results for fiscal year 2014 ending 30 September.  James K. Lyons, chief executive officer, announced the Authority earned record revenues of $162.3 million and handled a record 29.1 million tons of cargo through the public terminals. "We are really proud of these results, and great deal of credit falls to our employees for consistently delivering superior customer service," said Lyons.    

 

The Port Authority's record tonnage and revenues were principally attributed to increased volumes in steel, export coal and containers.  In Fiscal Year 2014, the general cargo division ended the year with a record 7.3 million tons of iron, steel and forest products handled.  Steel posted the largest volume just over 5.0 million tons marking a 40 percent increase over the previous year. 

 

The Port Authority's bulk division reported a total of 18.2 million tons of coal handled in Fiscal Year 2014, with export coal representing a record 13.7 million tons.  The jump in export coal was attributed to increased demand globally for Alabama mined metallurgical coal. Another performing division included the Authority's Terminal Railway (TASD), which handled 154,670 revenue rail cars through the short-line's switch and terminal yards representing nearly a four percent gain over the previous year.

 

Another large increase in volume occurred in containerized moves.  Fiscal Year 2014 container volumes totaled 237,266 TEUs showing a 10 percent increase over the previous fiscal year.  Automotive components, frozen poultry, forest products and consumer goods were the leading commodities imported and exported through the container terminal.  

 

Overall growth in the Authority's general cargo, bulk and containerized cargo volumes is linked to capital investments and continued growth in manufacturing output.  "The Port Authority's investments in new facilities, Post-Panamax cranes, and information technology, coupled with our excellent inland rail, highway and waterway connections, have helped expand the Port Authority's business and afforded efficiencies to our customers," said Lyons.  "With continued investment in warehouses and intermodal rail, we believe the Port of Mobile will be well positioned to offer competitive service into new markets," said Lyons.

 





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