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 to tour Leonardo aircraft factory to advance T-100 project
MONTGOMERY, Alabama - Commerce Secretary Greg Canfield is leading an Alabama delegation traveling today to Italy, where the group will meet with executives of aerospace giant Leonardo and tour a factory where the company manufactures a jet trainer aircraft that could one day be produced in Alabama.
Earlier this year,
Leonardo announced plans to build a manufacturing facility at Tuskegee's Moton Field for production of its advanced T-100 jet. For the project to move forward at the historic home of the
Tuskegee Airmen, the T-100 must be selected as the U.S. Air Force's next trainer aircraft.
The Alabama team's three-day mission to Italy will give state leaders and Macon County officials a first-hand look at Leonardo's manufacturing facility in Venegono, near Milan, where it produces M-346 trainers already in use by several countries. The M-346 is the basis for the company's
Representatives from a handful of local start-up businesses joined Ed Collari and Jacob Meacham of the Alexander City Chamber of Commerce at the Lake Martin Innovation Center Thursday afternoon for a lunch presentation by Dr. LaKami Baker from the Auburn Regional Alabama Launchpad Competition organization.
"Alabama Launchpad promotes and rewards high-growth, innovative startup companies," Baker said. "If we give these businesses the proper resources, they can succeed."
Alabama Launchpad was begun in 2006 to help get entrepreneurs throughout the state much-needed funds to help grow their businesses, hire more workers and add to Alabama's economy. Since its inception, Alabama Launchpad has become a go-to resource for these startup companies and has grown to encompass four separate competitions each year, where startups in various stages of development vie for up to $250,000 in seed money.
The University of Alabama's vice president for research and economic development plans to step down at the end of the year, and the university has formed a search committee to find his successor.
Carl A. Pinkert announced he will step down effective Dec. 31. Pinkert was named vice president for research on Nov. 1, 2013. A year later, the role was expanded to include coordination of economic development efforts at UA. Pinkert said it was premature to discuss his future plans on Friday.
Pinkert came to UA from Auburn University where he had served as associate vice president for research since 2009. Pinkert's career includes stints at the University of Rochester, the University of Missouri and the University of Alabama at Birmingham.