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:



Kinedyne to close Lawrence plant; move jobs to Alabama

June 2, 2015, 


A longtime Lawrence manufacturer will close its production center in the East Hills Business Park later this year and ship the jobs to Alabama.


Kinedyne, a New Jersey-based manufacturer of cargo straps and other similar products, confirmed it has decided to close its Lawrence plant "later this summer" and move the work to a plant in Prattville, Ala.


It was unclear the total number of jobs that will be lost as part of the move. Data compiled by the Economic Development Corporation of Lawrence & Douglas County recently showed that Kinedyne had 93 employees in Lawrence. The company said 23 production and warehouse positions will be displaced by the closure by late summer. An undisclosed number of office employees will remain in Lawrence until December 2016. But the company confirmed those positions will be moved to Alabama after 2016.




[Lawrence Journal-World]


Looking for a STEM career? New report says Huntsville is best in the US
on June 02, 2015 

The same organization that ranked Huntsville the top city for engineers and the second best place for technology jobs has offered another accolade to the area's growing STEM community.


NerdWallet has named Huntsville the best place for STEM (Science, Technology, Engineering and Math) grads in the U.S. Nearby Decatur, the only other Alabama city to make the ranking, fell at No. 34 on the list.


The top 10 best cities for STEM grads in 2015 are:






International trade supporting Alabama jobs amid a volatile market

Birmingham Business Journal
June 3, 2015

International trade represents a major economic driver for Alabama, and more jobs have come to the state as a result.


International trade currently supports 558,384 jobs in Alabama, according to a data from Business Roundtable.


Trade-related jobs in Alabama grew 7.2 times faster than total employment from 2004 to 2013, with customers in 202 countries and territories purchasing Alabama-made products.




[Birmingham Business Journal]



Guyton says good things happening with Gadsden job growth 

Times Staff Writer 
 June 2, 2015 

Mayor Sherman Guyton says Gadsden is more than holding its own when it comes to job growth.


Tuesday, Guyton told the City Council about a new report by Headlight, an economic data research firm. "Fastest Growing Manufacturing Metros in 2014" ranks Gadsden third at 4 percent among the state's 11 metropolitan statistical areas in percent of manufacturing employment growth in 2014.


The firm analyzed data from the U.S. Bureau of Labor Statistics in developing the report.




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