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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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$3 million grant awarded to UAH for tech business incubator
The University of Alabama in Huntsville (UAH) is receiving a major funding boost for its proposed $10 million technology business incubator.
The United States Economic Development Administration (EDA) has awarded UAH a grant of nearly $3 million for its proposed Invention to Innovation Center (I2C), which will be constructed adjacent to the university's Business Administration Building. This proposed center is designed help support startups in high-tech fields while creating an additional network for collaboration and growth in Huntsville. "The grant award announced today is a significant step towards turning UAH's vision to establish an innovative and job-creating business incubator into reality," says U.S. Senator Richard Shelby (R-Ala.), "This public-private partnership will leverage the university's research expertise to spur job creation, attract further business investment and produce more local jobs."
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Friends, colleagues remember McCainTimes Staff Writer
September 28, 2015
Friends and colleagues are recalling Mike McCain's three decades in industrial development as an important and vital force in trying to move Gadsden and Etowah County forward.
McCain, executive director of the Gadsden-Etowah Industrial Development Authority since it was established in 1985, died Monday after an extended illness. He was 64.
Gadsden Mayor Sherman Guyton said McCain continued to work as long as he could at his office, despite his illness, and more recently had worked from home.
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Construction begins on Alberta Technology
TUSCALOOSA, AL (WBRC) -
September 28, 2015
Work has begun on the site of the new Alberta Technology Center along University Blvd. East in Tuscaloosa. The facility is part of the City of Tuscaloosa's April 27, 2011, tornado rebuilding plan. Robin Edgeworth, Director of the City of Tuscaloosa's Office of Resilience and Innovation, describes the center as a library with no books. Edgeworth says it will be a place where people of all ages can learn about and use technology, download electronic books, receive training and more. Edgeworth also says the center will include a huge interactive wall, which will include information about Tuscaloosa. "We've recognized that there's a gap between some of our citizens that don't have access to technology, whether it's students or even seniors," Edgeworth said.
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Industrial board boosts new, expanding business
By Bill Campbell Staff Writer |
September 29, 2015
Two new plastic extrusion businesses were among those to receive funding Monday from the Shoals Industrial Development Committee.
Shoals Extrusion and WWR Properties, operating for most of this year in the Florence-Lauderdale Industrial Park, and an unidentified company that plans to open an extrusion facility in Rogersville received SIDC funding after receiving approval from the Shoals Economic Development Authority last week.
They were among four industrial projects approved in a special meeting of the SIDC.
CBC Ings, a Japanese-owned manufacturer of molded and metal-coated auto parts in Muscle Shoals last week asked SEDA for a delay in meeting its employment and investment quotas for funding.
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