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:

 


By the numbers: See how Toyota engine plant in Huntsville fared in 2014

on January 29, 2015 

The Alabama auto industry set a record in 2014 with the production of nearly 1 million vehicles.

 

The Toyota Motor Manufacturing Alabama plant in Huntsville also reached an all-time high in annual engine production, according to a new report from the Economic Development Partnership of Alabama.

 

Nearly one year ago, the Huntsville plant celebrated an $80 million V6 engine expansion and production of its 3 millionth engine. The facility is the only Toyota plant globally to produce four-cylinder, V6 and V8 engines under one roof.

 

 

  more....

[al.com]

 

 



Northwest Alabama continues to grow
Jan. 29, 2015

FAYETTE, Alabama (WTVA) --  Three counties in Northwest Alabama met to discuss the state of the region Thursday.

The C3 of Northwest Alabama Economic Development Alliance includes Marion, Lamar and Fayette counties.

Among the topics discussed at the annual meeting included job creation, highway and road projects, education and a look back at the accomplishments of 2014.

A year the alliance says is their best yet as more businesses expand and move into the area. 
 

more...

 

[WTVA]

 


 

What Alabama's incentives overhaul could mean for Birmingham
Bryan Davis Reporter-Birmingham Business Journal
Jan. 29, 2015

Alabama has reeled in a number of huge economic development projects in recent years, including Airbus, Remington Arms and, most recently, Polaris.

 

The projects will produce thousands of high-end manufacturing jobs for the state, but could Alabama, and the Birmingham region in particular, be missing out on opportunities to land more companies?

 

According to the Alabama Department of Commerce, a recent study by CBRE Economic Incentives Group found the state is not as competitive as its Southern neighbors when it comes to offering economic incentives for projects. Site selectors told the BBJ the same thing last May in our Cover Story that asked "Where's Birmingham's Airbus?"

 

more...

 

[Birmingham Business Journal]

 


Marshall County working to put its industries on the radar in light of Polaris deal

January 29, 2015

MARSHALL CO., Ala. (WHNT) - With the deal with Polaris made final, Marshall County leaders are working to put the county's big industrial names on the radar.

"We're already gearing up, we had already gotten a call from the Department of Commerce this past week, working with them on some lists of our automotive suppliers," Marshall County Economic Development Council President Matt Arnold says.

 

Arnold says the county has several of those suppliers. "About half a dozen automotive suppliers in Marshall County, most of which produce parts for Honda, but they can also produce parts for other vehicles and ATVs," Arnold says.

 

more...

 

[WHNT]

 


 

2015 PARCA Annual Meeting

 

The 2015 PARCA Annual Meeting will be held on Friday, February 13th at 9 a,m. at The Harbert Center.

 

The biggest issue facing the incoming Legislature is how to balance the state's budgets for 2016. At this year's annual meeting, PARCA is taking an in-depth look at three of the largest expenditures - Medicaid, Corrections and Education. 

 

We'll hear from leaders in those fields- State Health Officer Don Williamson, Prison Reform Task Force Chairman and State Sen. Cam Ward, and State Superintendent Tommy Bice - about the strategic approaches in place or being considered to reform those programs. Please join us for this insightful discussion, followed by a luncheon address from Governor Robert Bentley. 

 

Reservations are $70 per guest and can be made here. The deadline to register is Friday, February 6th.

 

 



Please feel free to forward along to someone who can use it by clicking on the "forward email" link below. Note also, that you can now make changes to your e-mail address and contact information through the link at the bottom.    
 
If you have news or suggestions, please forward them along to me.

Follow us on Twitter         View our videos on YouTube
 
Enjoy the day, 

Val Walton
   
Join Our Mailing List