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:
Report: 2014 projects yield 18,000 new jobs across Alabama
Constellium making Wise investment in Shoals
Birmingham chosen to participate in 2015 EcoDistricts workshop
Regions Tradition economic impact more than $20 million

 

 

Report: 2014 projects yield 18,000 new jobs across Alabama

MONTGOMERY, Alabama - Companies planning new facilities or expanding existing operations in Alabama announced more than 18,000 new jobs and nearly $3.4 billion in new investment during 2014, reflecting growing momentum in sectors including automotive, aerospace and advanced manufacturing.

 

The 2014 New & Expanding Industry Report, released today by Alabama Governor Robert Bentley and the Alabama Department of Commerce, provides an in-depth look at how economic development activity unfolded last year across the state. Its findings include:

 

  • The number of announced jobs from the 392 Alabama projects in 2014 totaled 18,137, while combined new capital investment topped $3.37 billion. In 2013, those figures were 16,847 jobs and nearly $4.4 billion in investment.
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Constellium making Wise investment in Shoals

By Bill Campbell Staff Writer | 
May 19, 2015 

Some know it as Wise Aluminum.

 

Others still refer to it as the old Reynolds Aluminum plant.

 

But Wes Oberholzer, Constellium vice president for North American packaging and automotive rolled products, said the new company - housed in the old facilities on 3,800 acres east of Muscle Shoals - is poised to have a bigger impact on the Shoals than its predecessors.

 

more...

 

[Times Daily]

 


 

 

 

 

Birmingham chosen to participate in 2015 EcoDistricts workshop
Birmingham Business Journal
May 19, 2015

This week, Birmingham will attempt to further solidify its downtown revitalization efforts.

 

The city has been chosen to participate in the 2015 EcoDistricts three-day workshop in Portland, Oregon, which promotes the building of sustainable cities from the neighborhood up.

 

One of a dozen cities chosen for the workshop, Birmingham's focus will be on its Entrepreneurial district, which is mostly occupied by former railroad and industry lots left over from the days of the steel industry.



more...

 

Regions Tradition economic impact more than $20 million

May 18, 2014

 

The Regions Tradition annual golf tournament has a total economic impact of between $20 million and $25 million each year the Champion's Tour event comes to the Birmingham area.

 

Studies from the University of Alabama School of Business and the Greater Birmingham Convention & Visitors Bureau show that from tourism to corporate sponsorship and involvement to charitable giving, the tournament has a large and lasting effect on the region's economy.  The GBC&VB said the event had a $10.6 million tourism impact.

 

Studies from the University of Alabama School of Business and the Greater Birmingham Convention & Visitors Bureau show that from tourism to corporate sponsorship and involvement to charitable giving, the tournament has a large and lasting effect on the region's economy.  The GBC&VB said the event had a $10.6 million tourism impact.

 

Gene Hallman, CEO of the Bruno Event Team, which organizes the annual tournament played at Shoal Creek Golf Club this past weekend, said the impact is about more than the millions of dollars.


more...

[alabamapowernews]




 


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