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:



BBA report details how Birmingham's economy progressed in 2014
Alan Alexander Reporter-Birmingham Business Journal
April 29, 2015

The region's leading economic advocacy group recently released its annual economic report for 2014, and its results showed a thriving Birmingham economy.


The Birmingham Business Alliance reports that 79 companies in the Birmingham metro created 3,011 jobs and was responsible for $370 million in capital investments during 2014, which is up from the 2,611 jobs created and $319 million invested in 2013.


Jefferson County was responsible for most of the growth, accounting for 1,929 jobs and more than $188 million in investments.


"There's no question, Birmingham and our entire region are seeing real growth," saidMark Crosswhite, 2015 BBA chairman and CEO of Alabama Power. "And we must focus on continuing that growth, developing, building and attracting businesses that create jobs and better our communities."




[Birmingham Business Journal]





HudsonAlpha welcomes new company to biotech campus in Huntsville

on April 28, 2015 

The HudsonAlpha Institute for Biotechnology in Huntsville has a new tenant working to improve human health.


MetaboloStasis Therapeutics has joined the HudsonAlpha roster to develop treatments for patients suffering from metabolic and proinflammatory diseases. Founded this year, the company is led by President Tracy Nevitt.


Nevitt, who was an assistant professor of biochemistry at the University of Missouri, has had a passion for curing disease since she was 16. In academia, Nevitt struggled to transform knowledge into workable solutions.







Birmingham Business Alliance loses its technology leader
Alan Alexander Reporter-Birmingham Business Journal
April 28, 2015

Steve Ceulemans, vice president of innovation and technology at the Birmingham Business Alliance, has left his post at the economic advocacy group.


BBA's Director of Communications Lauren Cooper said that Ceulemans was returning to New Orleans to be closer to family.


The BBA recruited Ceulemans from the New Orleans BioInnovation Center in 2011 as its first employee to lead technological and research development in the Magic City.




[Birmingham Business Journal]


MT celebrates partnership

By Phil Johnson  /   April 29, 2015  /   


Muskogee Technologies (MT), a subsidiary of Creek Indian Enterprises Development Authority, opened the doors of its two facilities in Atmore to several community and state leaders and dignitaries to celebrate its partnership with aerospace industry leader GKN Aerostructures Friday, April 24.


"The reason we are gathered here today is to unveil to the general public the transformation that has happened here at Muskogee Technology," said James T. Martin, CEO of Creek Indian Enterprises Development Authority.


President and CEO of GKN Aerostructures North America Daniele Cagnetel, who was based in Alabama at the time negotiations first began between MT and GKN, spoke to the gathered individuals about how impressed he was with MT and their employees.








Alabama's economy takes center stage at historic meeting

John Herr


It has been said that, economically speaking, "the world is flat."


Perfect for rolling out the red carpet.


That's exactly what the state's economic development leaders did April 21 as they welcomed the Consular Corps of Alabama and Georgia to Birmingham.

At the Mercedes-Benz plant in Vance, the German automaker is adding jobs to meet record U.S. and worldwide sales.


The unprecedented meeting featured consuls general and honorary consuls from 20 countries on five continents. They were joined by business specialists from the public and private sectors, including Alabama Secretary of Commerce Greg Canfield, who touted the state's success in the global economy.


"Alabama of today is focused on the Alabama of tomorrow," he said. "We're looking to the future and what it's going to take to remain competitive."








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