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.
What was heralded as great news for the local economy a year ago has gotten even better.
Last April, the Andalusia City Council and the Covington County Commission agreed to abate taxes associated with Shaw Industries $184 million upgrade to equipment at its local facility.
On Tuesday, Shaw officials Ron Fantroy and Carol Carter and Covington County Economic Development Commission Executive Director Rick Clifton asked the Andalusia City Council to approve an additional tax abate for more than $60 million in improvements. The same request will be made to the county commission next week.
Snapshots: 60 Seconds With Greg Canfield, Alabama Department of Commerce
By the BF Staff
March 21, 2018
Business Facilities: Huntsville recently was chosen as the site for Toyota-Mazda's new $1.6-billion auto assembly plant.
What were the key factors that sealed the deal, one of the most coveted economic development projects in the nation?
Greg Canfield: There are many reasons these two great automakers decided to locate their joint-venture manufacturing facility in Huntsville and Alabama.
During what was the first Tuesday evening Tallassee City Council meeting of the year members of the council voted unanimously to show support for a potential aircraft-manufacturing project that could soon come to the neighboring City of Tuskegee if it wins the bid for the large-scale project.
Councilmember Sarah Hill who is on the City's airport committee expressed her support explaining a project of this magnitude could have beneficial impacts to Tallassee.
"It shows the company that's looking to invest hundreds of thousands of dollars at the Tuskegee Airport area that we support it," she said.
Deadline approaching to get AdvantageSite pre-consultation checklist
Don't miss the opportunity to possibly have an AdvantageSite in your community!
The pre-consultation checklist, which determines what AdvantageSite applications will be accepted in 2018, will remain on
the Economic Development Partnership of Alabama's website through March 31. Click here for the link.
AdvantageSite is a voluntary industrial site preparedness program created in order to make the state more competitive for companies considering a location in Alabama.
Since the program's start in 2008, 29 projects have located on AdvantageSites across the state, investing more than $1.3 billion and creating over 6,000 new jobs.
The program is jointly sponsored by the Alabama Department of Commerce, Spire, Alabama Power Co., the North Alabama Industrial Development Association, PowerSouth Energy Cooperative, and coordinated by the Economic Development Partnership of Alabama. Representatives from each of the entities participate
actively in application reviews and on-site visits to prospective AdvantageSite designees.