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:
Incentives update would spur Alabama job creation, top officials say
Birmingham wins! City chosen as site for 2021 World Games
BizTech building in Huntsville is now under a new name, plans big facility revamp in 2015
8 questions with Rey Almodovar, new 2015 chairman for the Chamber of Commerce in Huntsville

 


Incentives update would spur Alabama job creation, top officials say


MONTGOMERY, Alabama - Leaders of Alabama's economic development team are working with Governor Robert Bentley and other top officials to overhaul Alabama's incentive laws, enhancing the state's competitiveness as it pursues new jobs and investment.

 

Governor Robert Bentley and Alabama Secretary of Commerce Greg Canfield outlined the on-going initiative to members of the Economic Development Association of Alabama (EDAA) at the group's winter conference this morning at the Renaissance Hotel & Spa in Montgomery.

 

The approach, still in a formative stage, is called the Accelerate Alabama Jobs Incentives Package. Named after the state's strategic economic development growth plan, Accelerate Alabama, the package would provide a new credit for job creation while reducing the state's reliance on debt to fund incentives.

 

Secretary Canfield said work on the incentives update has been a collaborative effort. Feedback has been sought from seasoned site selectors, the EDAA and the state's senior economic development recruiters, the Economic Development Partnership of Alabama, legislative leaders, and others.

 

more....

 

[madeinalabama]

 

 


Birmingham wins! City chosen as site for 2021 World Games

on January 22, 2015 
Thousands of athletes and spectators from 100 countries around the globe will converge upon Birmingham for the 2021 World Games.

The International World Game Executive Committee just announced its selection of Birmingham from among the three finalists vying for the international games. Birmingham beat Lima, Peru and Ufa, Russia for the event.

 

Supporters of Birmingham's bid are hailing this morning's announcement as a coup for the city, region and state. Landing the event could have a $256.5 million economic impact to the Birmingham region.

 

more....

 

[al.com]

 

 


BizTech building in Huntsville is now under a new name, plans big facility revamp in 2015

on January 20, 2015 

HUNTSVILLE, Alabama - When BZ Sensor Solutions opened at BizTech nearly three years ago, there were only six clients in the sprawling high-tech incubator in Huntsville.

 

Today, the facility that was once in limbo is at near capacity two months after Huntsville-based PROJECTXYZ subsidiary Creekwater Investments purchased the building on 515 Sparkman Drive.

 

The 20,832-square-foot site was only 40 percent occupied when PROJECTXYZ owners Larry and Kim Lewis acquired the facility in November. A revitalization of the property and BizTech itself now has organizers scrambling to find room for entrepreneurs who need startup space, collaboration and mentoring.

 

BZ Sensor Solutions Vice President of Business Development Scott Gates said his company was at BizTech "when it was at its worse," but now he sees the facility as a hub for entrepreneurs in north Alabama.

 

more...

[al.com]

 

 


8 questions with Rey Almodovar, new 2015 chairman for the Chamber of Commerce in Huntsville

on January 21, 2015 

When Intuitive Research and Technology CEO and co-founder Rey Almodóvar accepts the gavel to become the new 2015 board chairman for Chamber of Commerce of Huntsville/Madison County, his parents will be watching from the front row.

 

Almodóvar came from humble beginnings in Puerto Rico, but it was his family's persistence that he get a good education and become a steward for his community that made all the difference.

 

Almodóvar, who has served in various roles for the Chamber's Executive Committee, replaces 2014 chairman and BlueCreek Investment Partners CEO Robert Mayes. He will be officially recognized Thursday during the Chamber's annual membership meeting in downtown Huntsville.

 

more...

 

[al.com]

 



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