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:

Alabama Launchpad announces finalists
By  Tyler Patchen   -  Health and Technology Reporter, Birmingham Business 
Oct. 20, 2017

The original 12 semifinalists for the  Alabama Launchpad startup competition has been narrowed down to six.

The finale teams will be competing in two groups Nov. 15 at Iron City in Birmingham for a chance to take home $50,000 in cash as a concept winner and $150,000 cash for the seed winner. 

"We are extremely impressed with the startups that came to us from across the state," said  Greg SheekAlabama Launchpad programs director. "Through this two-month rigorous process, we are putting promising, innovative young startups on a trajectory toward success to create future jobs for the state."


Alabama unemployment rate matches lowest rate ever
By  Mike Cason
Alabama's preliminary, seasonally adjusted unemployment rate in September was 3.8 percent, the lowest since April 2007 and matching the lowest rate ever, Gov. Kay Ivey announced today.

The rate dropped from 4.2 percent  in August. It was well below the 6 percent rate of September 2016.

The new rate represents 82,678 unemployed people, compared to 90,756 in August and 131,201 in September 2016, the governor's office said in a press release.



Nick Willis named PNC Bank regional president for Alabama

PNC Bank has appointed Nick Willis regional president of its Greater Alabama region.

Willis, a graduate of the University of Alabama, succeeds Brian Bucher, who will become a regional president of the newly created Port Cities market, along the Jacksonville-Charleston-Savannah coast.

Willis was most recently PNC's head of Corporate Banking in Greater Alabama. He began with AmSouth Bank as a corporate relationship manager in Birmingham, Huntsville and Indianapolis, Ind.



Alabama is ready for Amazon
on October 20, 2017 
Tommy Battle is mayor of Huntsville and a Republican candidate for governor of Alabama in 2018.

Fifty thousand jobs, a $5 billion economic investment, and the opportunity to have one of the largest tech-giants in your front yard.

Amazon wants to build a second headquarters and both Huntsville and Birmingham are among more than 100 cities that submitted bids to be that new home. 

We are promoting Alabama; everyone needs to partner in that promotion. This is all about crafting a picture of the real Alabama.



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