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:





 Honda accounted for $6.8 billion, more than 43,000 jobs in 2014: impact study
Elsie Hodnett, Daily Home staff writer
December 1, 2015 

BIRMINGHAM -- Honda Manufacturing of Alabama LLC contributed $6.8 billion in 2014 to the state's economy and, with its top-tier suppliers, was responsible for more than 43,339 jobs in Alabama, according to an economic impact study released today by the Economic Development Partnership of Alabama.

Calvin Miller, executive director of the Talladega County Economic Development Authority, said the study puts into writing what they have known for a long time--that Honda has a big effect on Alabama and Talladega County.

"We are just really grateful for the opportunity Honda has given us over the years to help the economy of Talladega County grow," he said.

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Alabama Power customers to see rate decrease in 2016
By Michael Sznajderman
December 1, 2015

Alabama Power's diverse fuel mix will pay off for customers in the coming year.
Lower coal and natural gas prices through 2015 will help the company offset rising costs related to federal regulations. The result: a 2 percent reduction in the total retail price paid by Alabama Power customers through 2016.

The reduction takes effect January 1.

"There's no question - costs related to federal environmental mandates and other governmental regulations continue to be a concern for us," said Nick Sellers, Alabama Power's vice president for Regulatory and Corporate Affairs.


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University of Alabama to have third Innovation Day on Wednesday
By Ed Enoch
November 30, 2015 

The University of Alabama's third "Innovation Day," a showcase of new technologies developed by students and faculty and information sessions meant to help them successfully start and run a businesses, is scheduled for Wednesday on campus.

The showcase organized by the Office for Research and Economic Development is free to the public and will begin at 10 a.m. in Room 3700 of Ferguson Center. To RSVP, visit http://ott.ua.edu/innovation-day-3/.

The showcase will include explanations and demonstrations by teams of tech and business students and information sessions with UA faculty and staff as guest speakers discussing topics that will include leveraging social media, crowd funding and intellectual property.

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Grants to boost college attendance in west Alabama
By Mel Carlock Nov. 30, 2015

MONTGOMERY, Ala. (WTVA) -- A program to help students in 12 Alabama counties continue their education is receiving a grant to put more students in class.

Governor Robert Bentley announced 1 $116,000 grant for the Alabama Access to Higher Education Center at Bevill State Community College in Jasper.

The center operates an outreach program targeting students in those counties, including Franklin, Lamar, Marion and Pickens County.


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