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
Alabama team showcases state for foreign investment at SelectUSA
WASHINGTON, D.C. - Alabama's business recruiters are in the nation's capital this week, selling the state's diverse and growing business scene to potential investors from around the world.
Alabama already attracts significant amounts of jobs and investments from international companies in a broad range of industries, including automotive, aerospace, biotech and beyond.
Last year alone,
the state's FDI
came from 16 different countries, totaling more than $1.2 billion in investment and 3,391 new and future jobs. Since 2013, Alabama has attracted more than $8 billion in FDI, according to data from the Alabama Department of Commerce.
Gulf Shores unveils $85 million Embassy Suites project near public beachfront
A new $85 million Embassy Suites hotel, described as a "transformative" project, will anchor Alabama's most visible and recently renovated public beachfront.
The city of Gulf Shores, on Tuesday, announced it has reached an agreement in principle with DD Partners LLC, a development team led by Birmingham-based developer Ron Durham and Marietta, Georgia-based developer Ron Day.
The group will lead the construction of a 229-room, mixed-use hotel development on a 1.93-acre parcel at the corner of West Beach Boulevard and West 1
Military awards Alabama's GeneCapture $1 million contract to develop portable disease detector
By Michael Tomberlin
June 19, 2018
Department of Defense
has awarded Huntsville's
a $1 million, two-year contract to develop a portable device that war fighters can use to identify disease-causing germs.
The Small Business Technology Transfer Research (STTR) contract is from the DOD's Joint Science and Technology Office for Chemical and Biological Defense.
Startups pitch ideas to Mercedes-Benz Innovation Challenge
Drones that inventory. Augmented reality glasses giving instructions to workers. Artificial intelligence solutions. More efficient lunch breaks.
Those are a few of the ideas pitched tonight at Mercedes-Benz's Innovation Challenge, a startup competition staged this evening at the Vance plant's training center.
Mercedes-Benz opened its doors to firms from around the world to dream up solutions to challenges on the factory floor. And engineers and innovators came back this evening with their own ideas.