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:


Southern Research CEO and President Arthur J. Tipton, Ph.D., has received the  Economic Development Partnership of Alabama 2018 Lifetime Achievement in Innovation award in recognition of his notable career as a scientist and business leader in Alabama's biotech industry.

The award was presented Thursday at EDPA's imerge 2018, a celebration of the state's top innovators.

"Dr. Art Tipton is one of Alabama's leading and most respected innovators in life sciences and biotechnology research, drug discovery and pharmaceutical development," EDPA President Steve Spencer said. "Throughout his career, Dr. Tipton has been at the forefront of scientific pursuit, along with the proliferation of technology and innovation for the betterment of mankind. He holds 42 patents, is a leader of entrepreneurial renown and is richly deserving of this honor for lifetime achievement."


Carpenter Technology Announces Plans for Emerging Technology Center
By GlobeNewswire
July 16, 2018

PHILADELPHIA, July 16, 2018 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) today announced plans for adding an Emerging Technology Center on its Athens, Alabama campus.

 The facility will initially focus on Additive Manufacturing (AM) technology development, with future investments slated for soft magnetics and meltless titanium powder.

Over time, Carpenter expects to invest $52 million in the Emerging Technology Center, which will create approximately 60 jobs over the next five years. This investment is a critical component in executing Carpenter's key growth initiatives and is aligned with its business strategy of becoming a complete end-to-end solutions provider in the AM area.


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