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:


Alabama PSC approves two small business incentives
Ryan Phillips Digital Producer Birmingham Business Journal
Oct 6, 2015

The Alabama Public Service Commission during its Oct. 6 meeting unanimously approved two small business incentives aimed at strengthening and growing the Alabama economy by encouraging investments and creating jobs.

The two incentives are the Community Redevelopment Incentive (CRI) and the Economic Development Incentive (EDI). Both will benefit new and expanding Alabama Power customers.
The CRI provides a one-year incentive for customers that establish a new account for an existing building that has been unoccupied for at least six months


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AT&T, after investing $1.3 billion into Alabama, pushing 'fiber-ready' initiative for business parks
on October 05, 2015 

AT&T invested $1.3 billion into Alabama from 2012-2014, an amount underscored by its recent public push to label industrial and business parks as "fiber-ready."

The company's first designation in Alabama was officially announced Monday at a commerce park about 15 miles south of downtown Mobile.

Fred McCallum, president of AT&T Alabama, said continued investments into the state could make more residential areas "fiber-ready," although future designations will be focused on commercial and industrial parks around the state.

"It's pretty safe to know we'll continue investing in our state and others," McCallum said. "You can see what's happening particularly in the wireless world with the explosion of smart phones and data usage. You have to invest to keep up with what our customers want from us. It's a given."


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Economic Development officials honor area industries
By Corey Arwood / The Outlook
October 5, 2015

The Lake Martin Area Economic Development Alliance hosted its second Manufacturing Day Breakfast to recognize and promote industry in the area.

The meeting was held on the first Friday of October in coordination with a larger national campaign called Manufacturing Day.

The director of the LMAEDA, Don McClellan, said it was an effort to show the group's appreciation for industry in the Lake Martin area and the jobs it has brought.

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Largest employers in the Wiregrass are in healthcare, manufacturing
by Ebony Davis
Business Reporter
 Oct 5, 2015

As Dothan continues to remain the region's core for medical resources and services, it stands to reason that companies within the medical industry are among the largest employers in the city.

The industry gives workers like Lori Ann Alley, a certified nursing assistant at Extendicare Health and Rehabilitation Center, an opportunity to move through the ranks of their field.

"I wake up every day wanting to come to work and looking forward to the chance to learn even more," said Alley, who said she chose to work at Extendicare because of its educational advancement opportunities.


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The state of Alabama will hold its fourth annual Global Supply Chain & Logistics Summit in Huntsville this month. 

The North Alabama International Trade Association (NAITA) and the Port of Huntsville will host the event put on by the Export Alabama Alliance, which is aimed at teaching interested companies how to improve their efficiency and bottom line.

 The summit will feature presentations concerning developments in the aerospace and automotive industries, in addition to cyber security and foreign trade zone (FTZ) sessions, and will take place on Tuesday, October 20th at the Westin Huntsville. The cost is $75 per person, including breakfast, lunch and seminar materials.

 To register and pay for the summit online, visit NAITA's website. To register and pay by check, contact Beau Lore at the Alabama Department of Commerce, by email at [email protected] or by phone at 334-242-0450.

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