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:



Four Birmingham startups win funding in Alabama Launchpad finale
Alan Alexander Reporter-Birmingham Business Journal
Mar 23, 2015

All five of the startups competing in the Alabama Launchpad Startups Competition, including four from Birmingham, won a share of the $214,300 in funding.


This is the first time in the competition's history that all finalists received funding.


"It's merit-based," said Greg Sheek, programs director of the Alabama Launchpad. "They all made really great strides. There were strong teams in place."




What's next for Alabama's auto industry? Plants ready new products, jobs

on March 24, 2015 

2015 is shaping up to be a busy year for Alabama's auto assembly lines.


The state's three car makers are coming off a record 2014, when they built an all-time high of 997,270 vehicles. 


This year will bring new offerings, as Mercedes-Benz prepares to debut the GLE Coupe, and Honda readies the redesigned Pilot SUV.








Construction employment in Birmingham rose slightly year-over-year
Bryan Davis Reporter-Birmingham Business Journal
March 23, 2015

Employment rose slightly year-over-year from January 2014.

According to new data released by the Associated General Contractors of America, Birmingham gained 500 jobs, a 2 percent increase during the 12-month span.


There were 24,400 construction jobs in the Magic City at the start of 2015.



Wall Street praises Huntsville's economy, money management

on March 23, 2015 

Huntsville on Monday earned Standard & Poor's best-possible AAA credit rating for the seventh consecutive year.


The announcement comes less than a week after the other major Wall Street rating agency, Moody's Investors Service, also awarded Huntsville its top Aaa score.


"When both Wall Street credit agencies continue to reward us with the highest rating achievable, our team is doing something right," said Huntsville Mayor Tommy Battle. "As a city, we have worked hard to maintain conservative fiscal policies, diversify our economic base and strengthen our infrastructure.





Birmingham's Brasfield & Gorrie named third best healthcare contractor nationwide
on March 24, 2015 

Birmingham construction firm Brasfield & Gorrie was named the third among healthcare general contractors in the country by Modern Healthcare magazine.


The ranking was based on 2014 revenues. The company had $1.38 billion in revenues for completed healthcare construction projects, which is up 36 percent from the previous year. 


Brasfield & Gorrie built more than 4.1 million square feet of healthcare projects. The healthcare sector is 41 percent of the company's work.



AT&T Invests More Than $1.3 Billion Over Three-Year Period To Enhance Local Networks In Alabama

Mar 24, 2015 


BIRMINGHAM, Ala., March 24, 2015 /PRNewswire/ -- AT&T* has invested more than $1.3 billion in its best-in-class wireless and wired networks in Alabama between 2012 and 2014, driving a wide range of upgrades to reliability, coverage, speed and performance for residents and business customers.


As part of its Project Velocity IP (VIP), an investment plan focused on network enhancement and expansion, AT&T in 2014 made 429 wireless network upgrades in Alabama including new cell sites, addition of network capacity, and new wireless high-speed Internet connections. 


"With a growing range of connected home appliances, cars and wearable devices, we depend more on network connectivity than ever before," said AT&T Alabama President Fred McCallum.  "AT&T's continued investment in Alabama brings a host of new, innovative opportunities for residents and businesses to connect with each other and their customers."


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