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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.
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Alabama Innovation Fund to award grants for technology growth
The Alabama Innovation Fund has $4.5 million to support programs that seek to leverage research performed by the state's universities and other institutions to generate new ventures, create jobs and spur additional economic development opportunities.
Created in 2012 as part of the "Accelerate Alabama" strategic growth plan, the Alabama Innovation Fund awards grants to bolster research and economic development. Projects are selected for funding based on factors such as job-creation potential, the likelihood of successful commercialization, and additional research possibilities.
The Alabama Innovation Fund's budget of $4.5 million in the current fiscal year will be used to support and operate two programs:
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[madeinalabama]
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Turner Medical to add 50 to 100 jobs in Athens
By Gwen Albers Staff Writer |
July 1, 2015
ATHENS - Turner Medical has joined forces with a French company, creating 50 to 100 new jobs for the manufacturer of orthopedics and surgical instruments in Athens.
Jobs will be in quality control, manufacturing and clerical, said Bill Turner, president of the company founded by his father, John, in 1972. Hiring is expected to begin as early as October and continue into early 2016, Turner said.
The range of pay will vary. Company offices are at 130 Durham Drive.
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[Decatur Daily]
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Huntsville tech company breaks ground on new $1.75 million facility
on June 30, 2015
A 25-year-old technology company is nearly doubling its footprint with the addition of a $1.75 million new facility on 180 West Park Loop in Huntsville.
AZ Technology broke ground last week on a 15,500-square-foot building that will expand the firm's manufacturing capabilities to meet growing domestic and international demand for its portable optical measurement instruments and satellite/spacecraft coatings.
The small business, which received a 2012 Governor's Trade Excellence Award, expects to move to the larger structure in April 2016.
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[al.com]
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Technology now major focus at SoZo
Ebony Davis
Business Reporter
Posted on Jun 30, 2015
Dothan Mayor Mike Schmitz might not have known exactly how Tuesday would play out when he first met SoZo Chief Executive Officer Raymond Cheng a few years ago.
But Schmitz said 11 announcements at a SoZo briefing before hundreds of people at the Dothan Opera House on Tuesday proved a good night for Dothan's future.
"I don't understand most of what they're talking about but I'm excited it's coming to Dothan," Schmitz said during the briefing. "Incredible things are happening. ...We already compete on a world-class level. Partnering with local folks and international companies will take us into the 21st Century."
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