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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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Hyundai unveils new-look Elantra
Hyundai took the wraps off its redesigned Elantra on Wednesday, showing it off in the United States for the first time at the Los Angeles Auto Show.
The car features a striking new look, with a hexagonal grille and more streamlined style. But the quality director at the Montgomery assembly plant said the key changes are less visible. "The focus was a better ride, a quieter ride," said Mark Rader of Hyundai Motor Manufacturing Alabama.
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Alabama Power's Plant Barry recognized in R&D 100 AwardsBy Alabama NewsCenter Staff November 17, 2015
The company, along with Mitsubishi Heavy Industries (MHI), won the gold award for corporate social responsibility, as well as an additional R&D 100 award in the process/prototyping category, for an innovative carbon capture technology, the KM-CDR TM process. The process was selected as a finalist in one other category: mechanical devices/materials.
"This award recognizes the significant technological innovation made by Southern Company to create better ways to deliver clean, safe, reliable and affordable energy to customers using America's energy resources," said Larry Monroe, Southern Company chief environmental officer. "We believe this technology will prove beneficial as the industry seeks to develop new ways to reduce greenhouse gas emissions in cost-efficient ways."
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Huntsville Hospital among nation's 50 Top Cardiovascular Hospitals in study
on November 18, 2015
Huntsville Hospital was among the nation's 50 Top Cardiovascular Hospitals in a recent edition of Modern Healthcare magazine. Winning institutions were selected for achieving "superior clinical outcomes in the critical area of hospital care."
The study evaluates performance in risk-adjusted mortality and complications, core measures, percentage of coronary bypass patients with internal mammary artery use, 30-day mortality and readmission rates, severity-adjusted average length of stay, and wage- and severity-adjusted average cost.
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Which Bham tech firm ranks among the nation's fastest growing?
It's a good thing Atlas RFID was able to recently find a bigger office space downtown, because the company has been ranked among the fastest-growing technology companies in the nation. Atlas RFID landed at No. 202 on Deloitte's 2015 Fast 500 Technology Ranking and was the only Birmingham company to make the list. The rankings are based off of fiscal year revenue growth from 2011 to 2014, and include companies across the technology, media, telecommunications, life sciences and energy tech industries in North America
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BLONDIN BIOSCIENCE WINS BIG WITH $749,000 SBIR FROM THE NATIONAL INSTITUTES OF HEALTH
When Brad Spencer, CEO of Blondin Bioscience, a University of Alabama at Birmingham-related startup, called to let us know he was ready to apply for accounting compliance assistance through the Alabama Launchpad Phase 0 program, you could hear the excitement in his voice.
We, too, got excited when we learned the amount is $749,000 over two years. Phase I awards are often in the $100,000 range.
In recent years, NIH has begun making larger awards to fewer companies, so it is a tremendous achievement for Blondin BioScience to win a two-year, $749,000 award.
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