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:


TODAY: Governor Bentley to make economic announcement for Huntsville at 2 p.m.
OCTOBER 27, 2015

HUNTSVILLE, Ala. - Governor Robert Bentley will join state and local leaders today to announce a major economic development project in Huntsville.

The announcement will be at 2 p.m. on Tuesday at the State Capitol in Montgomery.  A local watch party will also take place for the announcement. It is set to begin at 1:45 p.m. at the Chamber of Commerce of Huntsville-Madison County auditorium.

We'll stream the announcement here on WHNT.com.
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4 Alabama companies to work with Lockheed Martin on $784 million contract
on October 26, 2015

Four Huntsville firms will work with Lockheed Martin on a new nine-year, $784 million contract awarded by the Missile Defense Agency.

Lockheed Martin said it will lead a team responsible for developing, building and testing Long Range Discrimination Radar (LRDR) to support layered ballistic missile defense strategy to protect the U.S. from ballistic missile attacks.

The team includes deciBel Research, IERUS Technologies, PENTA Research, and Davidson Technologies, all of Huntsville. Other corporate partners are AMEC of Alpharetta, Ga., and ASRC Federal of Barrow, Ark.

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Mobile area companies have a chance to earn business from Marshall Space Flight Centerand the subcontractors that serve the giant NASA complex in Alabama.

Opportunities are significant, as the agency alone spent approximately $1.8 billion with direct and indirect contractors last year.

The Mobile Area Chamber of Commerce will host a NASA Business Forum at the Arthur R. Outlaw Mobile Convention Center from 8 a.m.-3 p.m. on Wednesday, Nov. 4. The cost is $75 per person, including breakfast and lunch, and the event is open to all area and regional businesses.

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Huntsville researcher gets $1.2M grant to study potential biofuel
Ryan Phillips Digital Producer Birmingham Business Journal
Oct 26, 2015

The HudsonAlpha Institute for Biotechnology on Friday announced that faculty investigator Jeremy Schmutz has received a grant from the U.S. Department of Energy to study potential biofuels.

Schmutz will receive $1.2 million over the next five years to complete the study at the Huntsville research center, which will focus on identifying genes in a potential biofuel source, HudsonAlpha said in a release.

Schmutz also serves as co-director of the Genome Sequencing Center at HudsonAlpha.


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McWane finishes construction of new $28M Abu Dhabi plant
Ryan Phillips Digital Producer Birmingham Business Journal
Oct 26, 2015

McWane, Inc. this week announced it will be opening its newest valve, fitting and plumbing manufacturing plant in Abu Dhabi on Monday, Oct. 26.

The new $28 million facility will be the company's fifth valve manufacturing plant and 27th manufacturing facility worldwide, according to a release from the company.
"We recognize a significant opportunity to manufacture and supply water, sewer and plumbing products for the Middle East and North African regions ," said Ruffner Page, CEO of McWane, Inc. "It is our next step toward bringing quality McWane products to even more of the world with our new facility in Abu Dhabi, and it's just another milestone along McWane's long-term commitment to water distribution infrastructure development across the region."

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