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:

 


EDPA seeking Alabama Launchpad Innovation Award nominees

by Travis Leder

May 11, 2015

 

Huntsville companies and innovators won several awards in 2014, and now the Economic Development Partnership ofAlabama (EDPA) is seeking nominees for the 2015 Alabama Launchpad Innovation Awards.


 

The EDPA says the awards are meant to celebrate and honor contributions to Alabama's innovation economy. Winners will be announced September 2 in Birmingham. Some of the criteria include demonstrating significant achievement in the areas of job creation, commitment to innovation and innovation that addresses a local or global need.

Where's the story?3 Points Mentioned

"Alabama is an incredibly innovative state," says Alabama Launchpad programs director Greg Sheek, "The Alabama Launchpad Innovation Awards highlight ideas and innovations from all sectors, sizes and types of companies throughout the state. We urge nominations from across the state."

 

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[WAAYTV]

 


Athens OKs incentives for TRIS USA expansion

By Gwen Albers Staff Writer | 

May 12, 2015


 

ATHENS - The Athens City Council voted unanimously Monday to give an Elm Industrial Park company more than $306,000 in sales and property tax breaks as it undertakes a $6 million expansion that will create 10 jobs.


 

TRIS USA, which makes carbon brushes for the automotive industry, will be exempt for 10 years from paying property taxes totaling $42,210 to the city, $113,966 to Limestone County and $29,547 to the state. During that same period, Athens City Schools will receive $15,195 annually in non-abated property taxes for a total of $151,954.


 

During construction, which will begin immediately with completion anticipated to be by September 2016, TRIS USA will not have to pay sales taxes on building materials and equipment to the city and state of $26,366 and $94,254, respectively, said Tom Hill, president of Limestone County Economic Development Association. The school district will, however, receive $84,766 in sales tax revenue.


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Can Alabama support an Aston Martin plant? Absolutely, says top recruiter
on May 12, 2015 

Alabama already is home to three busy auto assembly plants, but there is "absolutely" room for another one, the state's top business recruiter said.

 

Greg Canfield, secretary of the Alabama Department of Commerce, said the state is well-positioned to lure another automaker while it continues to support the existing industry.

 

"We do believe we have the locations and the capacity through incentives to accomplish this, and we believe we've got the efforts underway in the education community to build the workforce," he said.



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United Airlines special section features Alabama
Alabama Power News Center
May 11, 2015

BIRMINGHAM, Alabama - Alabama and its place in the global economy will be the focus of a multi-page special section in the July issue of Hemispheres, the in-flight magazine of United Airlines.

 

The special section, titled "Dossier" will examine Alabama's diverse businesses and industries, and showcase the economies of the state's major metropolitan regions. It will also feature interviews with Alabama business leaders and economic development experts, profiles of some of the state's business innovators and entrepreneurs, and an "Out Of Office" section highlighting some of the state's unique cultural attractions, institutions and events.

 

Unlike special sections about the state that have appeared in other airline magazines, Dossier Alabama is expected to focus almost completely on the state's economy and business climate. The section is designed to appeal to the majority of United Airlines' customers, who are business flyers.


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