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:


Port Authority and Alabama Steel Terminals marks opening of $36 million warehouse

on March 31, 2015 

Steel volumes were growing, fast, three years ago at the Port of Mobile. The Alabama State Port Authority had already built a terminal on Pinto Island for loading and unloading steel slabs on ships. As more and more steel coils, a circular spool of metal, were moving through the port, they needed someplace to put it all.


Enter maritime service providers Tri-State Maritime Services and Richardson Stevedoring & Logistics. Both companies received the request for proposal issued by the Port Authority. Together, they formed Alabama Steel Terminals, which commemorated the opening of the new facility early Tuesday.


Alabama Steel Terminals, a 50-50 joint venture between the two companies, split the cost of construction, a total $36 million. They will also jointly manage the warehouse as well. For its part, the Port Authority contributed the land, which sits on the Mobile River.





Alabama Senate passes economic-incentives overhaul

Martin Swant, Associated Press
March 31, 2015

The Alabama Senate on Tuesday approved a major piece of economic-development legislation that would remodel the way the state provides incentives to companies it is trying to recruit.


The Alabama Jobs Act would create a pay-as-you-go plan for companies receiving tax abatements, along with other incentives for creating jobs in the state. Alabama's existing model provides funding upfront that sometimes totals in the millions.


The bill passed 31-1.





[Montgomery Advertiser]






A year after symposium Dothan still courting Chinese industries

by Lance Griffin 

Posted on Mar 31, 2015


A funny thing happened on the way to the great Chinese business courtship of 2014.


A year ago, hundreds of Chinese entrepreneuers attended the U.S.-China Manufacturing Symposium. It was the first trip to the United States for many, much less the U.S. South. The city invited them to come back and look into doing business here. Their invitations were dunked in banana pudding and sweet tea.


Many came back, several times.





[Dothan Eagle]





Top 10 Alabama occupations with the most online job postings in February

on March 31, 2015 

Truck drivers, nurses and retail supervisors were the top Alabama occupations with the most online job postings last month, a new report from the Alabama Department of Labor shows.


The analysis, collected by ADOL's Labor Market Information Division, shows the top three jobs collectively had more than 7,400 ads in February.


Retail salespersons and sales representatives for wholesale and manufacturing rounded out the top five positions with the most ads.







Vulcan Materials vice-chairman Danny Shepherd to retire April 1
on March 31, 2015 

Vulcan Materials' Company's Vice-Chairman will resign April 1, the company announced Tuesday. 


Danny Shepherd started at Vulcan in 1973 after graduating from Georgia Tech. After leaving the company in 1993 he returned to Vulcan in 2002 as president of the Southeast Division.


Donald James, Vulcan's chairman, announced in February he would retire at the end of the year.






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