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:

 


Mar-Jac Poultry announces major expansion of northwest Alabama operations

on April 10, 2015 

A new $25 million feedmill is coming to rural Franklin County.

 

The Franklin County Development Authority (FCDA) announced this morning that Mar-Jac Poultry will invest significantly in its northwest Alabama operations.

 

A Mar-Jac Poultry feedmill in Maysville, Ga. Franklin County Development Authority Executive Director Mitch Mays said the Spruce Pine site will be very similar. 
 
more...

[al.com]

 


 


Extra incentives for industry to locate in rural, low-income areas passes Alabama Legislature

on April 09, 2015 

Legislation to provide extra incentives to industry that hires large numbers of veterans or locates in a more rural or low income part of the state has passed in the Alabama Legislature today.

 

The Alabama Veterans and Targeted Counties Jobs Act, which underwent many changes during the legislative process, gives industry creating a least 25 jobs in a county with a population of 25,000 or less an extra 1 percent job credit from the new employee wages after the first year, for a period up to 10 years.

 

The credit is paid out of state funds from utility taxes.

 

more...

 

[al.com]

 

 

 

 

 


Got a new business? Alabama Launchpad awarding $250K in startup contest

on April 09, 2015

Applications are being accepted for the next round of the Alabama Launchpad competition, which will award up to $250,000 to startup companies across the state.

 

The Economic Development Partnership of Alabama (EDPA), which hosts the contest, is taking applications until 9 a.m. May 11. Teams will be announced May 29.

 

Judges are seeking early-stage, innovative startups in Alabama for the competition, said Alabama Launchpad Director Greg Sheek.

 

more...

 

[al.com]

 

 


Huntsville area led the state in new job creation, capital investment in 2014

on April 09, 2015

During a talk with the Chamber of Commerce of Huntsville/Madison County last year, state economic development leader Greg Canfield predicted 2014 would be a "banner year" for the area.

 

Angela Till, deputy secretary at the Alabama Department of Commerce,confirmed Canfield's forecast Wednesday during the Chamber's annual Montgomery visit.

 

Madison County announced nearly 3,500 new jobs and more than $300 million in capital investment in 2014, according to preliminary estimates from the state.

 

 

more...

 

[al.com]

 

 

 


Rural Sourcing Inc., SouthSounds music fest team up for inaugural Mobile 'hackathon'
on April 08, 2015 

As many as four paid internships are on the line for area college students who will converge on Café 615 in downtown Mobile Friday for Rural Sourcing Inc.'s inaugural RSI Hackathon.

 

The superhero-inspired event will feature eight teams of 3-4 students each vying to create in only four hours a mobile website for a super-secret project.

 

For the unacquainted, hackathons are intensive gatherings of computers programmers who code collaboratively for a set period of time before facing a panel of judges with the finished product.



more...

 


Chamber luncheon speaker addresses workforce development
By Stephen Dawkins
April 9, 2015 

The guest speaker at the Chilton County Chamber of Commerce's monthly luncheon on Tuesday focused on strides that have been made in the state's workforce development.

 

Philip Cleveland, director of the Alabama Office of Career and Technical Education/Workforce Development, told those in attendance at Clanton First United Methodist Church that students in the state now have to take a career preparedness course by the end of their ninth grade year.

 

"What that course does is it provides students an opportunities for assessment, to look at their academic ability, their skills, their ability," Cleveland said. "Where do I fit? How can I become better informed so my parents can become better informed about career choices?"


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HAVE A BUSINESS IDEA? 
By David Granger
April 9, 2015

If you have an idea for a business that proves to be the right fit for downtown Alexander City, but just need some help getting it off the ground, then you might be Alex City's "Missing Piece" - and MainStreet Alex City wants to help you.

 

MainStreet, a nonprofit dedicated to the revitalization and promotion of historic downtown Alex City, is sponsoring a contest for potential entrepreneurs called "Missing Piece" Business Competition, which will award the person with the best idea and plan for a downtown business a grand prize package valued at up to $100,000, depending on the needs of the business.

 

"Our goal is to improve perception within the business community - including potential retail tenants - and bolster civic pride," said Stephanie Smith, a member of MainStreet's Economic Restructuring Committee. "This is the first step in turning entrepreneurial visions into realities downtown."



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