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:

 


APM Terminals secures first-round tax abatements for $47.5 million Mobile expansion

By Kelli Dugan | kdugan@al.com 
July 16, 2015 

 

APM Terminals' secured Wednesday the first of three requested tax abatements for its planned second-phase, $47.5 million container terminal expansion on Choctaw Point.

 

The request, which came before the city of Mobile's Industrial Development Board, represents the first local request approved invoking recently passed "Made in Alabama" jobs incentives legislation. The project, which will also expand the company's container yard by 20 acres, represents a continued partnership between APM and the Alabama State Port Authority that has already seen the investment of nearly $50 million.

 

The legislation, known as the Alabama Reinvestment and Abatements Act, extends the maximum duration of allowable non-educational ad valorem tax abatements from the traditional 10-year cap to 20 years, but it also introduces additional red tape to gain approval.

 

more...

 


20 finalists named for 2015 Alabama Innovation Awards to be honored in September

By Lucy Berry | lberry@al.com 

July 16, 2015


Twenty finalists from across the state are up for the 2015 Alabama Innovation Awards presented by the Economic Development Partnership of Alabama.

 

The annual awards honor companies and individuals dedicated to creating jobs, innovation and addressing a local or global need. Winners will be recognized Sept. 2 at the fifth-annual Alabama Innovation and Entrepreneurship Conference in Birmingham.

 

The 2015 judges are BL Harbert International CEO Billy Harbert, China Doll Rice & Dixie Lily President Harris Morrissette, YWCA of Central Alabama CEO Yolanda Sullivan, Southern Research CEO and President Art Tipton and Liberty Bank Executive Vice President Neill S. Wright.

 

more...

 

[al.com]

 


Flawless launch for Alabama-built Atlas V rocket

By Jordan LaPorta
Jul 16, 2015

DECATUR, Ala. - A United Launch Alliance Atlas V rocket successfully launched the 10th Global Positioning System IIF satellite for the U.S. Air Force Thursday from Cape Canaveral, Florida.

 

GPS IIF-10 is the next-generation os GPS satellite, incorporating various improvements to provide greater accuracy, increased signals, and enhanced performance for users. GPS IIF-10 is the 10th in the series and will join a worldwide timing and navigation system utilizing 24 satellites.

 

"Congratulations to the U.S Air Force and the entire mission team on today's successful launch of the 10th GPS IIF satellite! In just a few days, on July 17, the Global Positioning System will celebrate the 20th anniversary of GPS achieving fully operational status," said Jim Sponnick, ULA vice president, Atlas and Delta Programs.

 

more...

 

[Yellowhammer News]

 



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