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:


 EDPA President Bill Taylor to retire, Alabama Power's Steve Spencer to take the lead
By Michael Tomberlin
Bill Taylor is retiring as the president of the Economic Development Partnership of Alabama (EDPA) and Alabama Power executive Steve Spencer will lead the organization beginning April 1.

The EDPA board of directors made both announcements Feb. 17 after meeting to confirm Spencer as the organization's new leader.

"We are thrilled that Steve has agreed to take on this vitally important position," said Mark Crosswhite, EDPA chairman and CEO of Alabama Power. "Steve has been actively involved in economic development in Alabama for decades, and he brings a wealth of knowledge, experience and leadership skills to the organization."

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Sierra Nevada to build aircraft facility, create up to 200 jobs in Madison County
February 17, 2016 

Sierra Nevada Corporation (SNC) will gather next week to kick off construction of a new aircraft modification and upgrade facility in Madison County.

A media advisory from the Chamber of Commerce of Huntsville/Madison County said a 130,000-square-foot facility will be built over two phases starting next month at the Madison County Executive Airport on 358 Bolling Road in Meridianville. The structure will be fully operational by early next year and could bring up to 200 jobs to the community.

"The ceremony marks the culmination of 12 months of close collaboration with the Madison Executive Airport Authority and the Chamber of Commerce of Huntsville/Madison County to provide facilities specific to military fixed aircraft," the Chamber said in a statement.



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6 Alabama companies win U.S. Chamber's 2016 Blue Ribbon awards
on February 17, 2016 

Several companies from north and central Alabama will be honored in Washington, D.C., this summer as winners of the 2016 DREAM BIG Blue Ribbon Awards.

The U.S. Chamber of Commerce, in partnership with Sam's Club, announced it has selected 100 Blue Ribbon recipients. Six of those companies are from Alabama.

Each winner will be recognized June 13-15 at the 12th-annual America's Small Business Summit, where one finalist will take home the DREAM BIG Small Business of the Year title and a $10,000 prize.



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U.S. Assistant Secretary of Commerce to visit UAH
Updated 
The Honorable Jay Williams, U.S. Assistant Secretary of Commerce for Economic Development, will visit Huntsville on February 22, to tour the campus of the University of Alabama in Huntsville.

UAH has recently won two grants from the Department of Commerce's Economic Development Authority.

The first grant is to build a technology-based incubator on UAH's campus called "Innovation to Invention Center" (I2C).



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