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.
Preformed Windings to employ 85 at new Alabama facility
February 07, 2018
PELL CITY, Alabama - Officials with
Preformed Windings Inc. announced today that the company will locate a new manufacturing facility, its first in the United States, in Alabama. The new Pell City location will be dedicated to manufacturing HV coils for the North American market and will employ up to 85 people.
Preformed Windings, a subsidiary of Scotland-based
Parsons Peebles Group, is the world's leading supplier of preformed coils, associated products and services.
"We believe Pell City's close proximity to our growing markets, and the community's can-do approach in supporting our location efforts made this an easy decision," said Frank Barrett, CEO of Parson Peebles Group. "Mayor (Bill) Pruitt and his team were very responsive to our needs and supportive the entire time. We appreciate their assistance and expertise in helping us locate here."
Gov. Ivey signs bill as part of Toyota-Mazda incentives package
Posted by WAFF 48 Digital Staff
February 6, 2018
LIMESTONE COUNTY, AL (WAFF) -On Tuesday, Governor Kay Ivey signed into law Senate Bill 98, providing authority to counties to abate rollback ad valorem taxes for certain projects that qualify for the incentives under the Alabama Jobs Act.
"Alabama is a business-friendly state, and this bill is further proof that we want companies who chose Alabama to thrive," Governor Ivey said. "I am proud of the hard work that went into bringing Toyota and Mazda's $1.6 billion dollar investment and 4,000 new jobs to Alabama. Bringing the Toyota-Mazda plant to Alabama is a testament to our state's leadership and to the high quality of our workforce."
"I appreciate Governor Ivey signing SB 98 and for her constant efforts in leading our team, along with Commerce Secretary Greg Canfield, to land the Toyota-Mazda project," Sen. Orr said. "Economic development takes everyone, and I am proud of the working relationship between the Governor's Office and the Legislature which brought about these new jobs for the Tennessee Valley."
Birmingham Mayor Randall Woodfin has appointed an administrator at the University of Alabama at Birmingham to the city's top economic development post.
Josh Carpenter, who currently serves as director of external affairs in the Office of the President at UAB, will begin his role as economic development director on March 5, the mayor's office announced on Wednesday.
Carpenter also served on Woodfin's transition team
as a co-chair of the mayor's economic development and entrepreneurship committee.
Alabama plant figures prominently in Mercedes-Benz global electric vehicle initiative
By Michael Tomberlin
Mercedes-Benz said it will have an electric version of all vehicles by 2022 as part of a global initiative that has its Alabama plant playing a pivotal role.
"Our electric vehicles will be built in six plants on three continents," said Markus Schäfer, member of the Divisional Board of Mercedes-Benz Cars, Production and Supply Chain. "We address every market segment: from the Smart for two to the large SUV."
re. MBUSI makes the C-Class sedan for the North American market and the GLS and GLE SUVs and the GLE Coupe for the U.S. and global markets.
Jason Hoff, CEO of MBUSI, said the Alabama plant is gearing up to make electric vehicles.
Fourteen more days to nominate for the EDPA 2018 imerge Innovation Awards!
Give yourself a pat on the back, innovator!
Nominations are open until Feb. 22 for the EDPA 2018 imerge Innovation Awards! Don't miss your chance to nominate your company, your partners, or yourself!
The awards celebrate and honor contributions to Alabama's innovation economy.
