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:


Yorozu Corp. set to invest more than $100M, create 300 jobs at new plant 
Written by Staff Reports
Oct. 14, 2015

Yorozu Corp., a global Tier 1 automotive supplier headquartered in Yokohama, Japan, announced plans Tuesday to build a new state-of-the-art metal stamping plant in Jasper. The company has pledged to invest more than $100 million to build and equip the facility that will create 300 new jobs in Jasper.

The plant will be located on a 50-acre "Advantage Site" in the Jasper Industrial Park.
Yorozu Automotive Alabama, Inc. will operate as a subsidiary of Yorozu America Corporation.

Yorozu Corp. was founded in 1948 and has grown to include facilities in Japan, North and South America, China and Southeast Asia. The company currently has more than 6,000 employees worldwide.


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Catching up with past Alabama Launchpad winners
Alan Alexander Reporter Birmingham Business Journal
Oct 13, 2015

Since forming in 2006, Alabama Launchpad has taken off as the dominant seed-funding source for eager entrepreneurs looking to start their business.

The program, part of the Economic Development Partnership of Alabama, has awarded just over $2 million in funding to 47 companies, and that's helped create 305 jobs and funnel an additional $20.4 million in investments into Alabama.

Birmingham is often well-represented at the Launchpad competitions. As part of our most recent Cover Story, the Birmingham Business Journal caught up with three past winners to find out how the funding and the experience of competing in Launchpad helped grow their company


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AUM makes top schools list
Brad Harper, Montgomery Advertiser
October 14, 2015
 
The Princeton Review has named Auburn Montgomery College of Business to its 2016 list of the best business schools in the nation.
 
The ranking was based on the feedback of nearly 42,000 business students across the nation, with the college being praised for its affordability and academic reputation.
 
The Princeton Review said AUM's program is "a great place to get your MBA at night," with instructors who understand that many evening students are employed full time during the day.


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Survey: Hiring, boosted wages expected into 2016 for Alabama business owners
By Kelli M. Dugan

Alabama's economy is expected to continue strengthening as more small and mid-sized businesses plan to hire workers and boost wages through the close of 2015 and into 2016.

The findings, compiled in Pittsburgh-based PNC Financial Services Group Inc.'s Fall 2015 Economic Outlook survey for Alabama, indicate slightly less overall optimism than was reported six months ago but are bolstered by stronger long-term hiring plans.

"Our Fall 2015 survey shows small and mid-sized business owners in Alabama are cautiously optimistic about the next six months," PNC Assistant Vice President Mekael Teshome, an economist for the Southeastern region and author of the report, said.


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