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
Koch Foods to build $40-million feed mill in Roanoke
October 11, 2017
Koch Foods Inc. will build a feed mill in Roanoke with a capital investment of $40,450,000. The plant will produce prepared feeds and feeding ingredients to support the growth of Koch (pronounced "Cook") Foods' Pine Mountain, Ga., poultry processing plant.
The new feed mill will be located on Bud Cummings Road, approximately 1.75 miles from U.S. 431 south of Roanoke.
Roanoke Mayor Mike Fisher said, "The City of Roanoke is proud to announce that Koch Foods will locate their new feed mill here. With the combined efforts of the City of Roanoke, Randolph County Commission and the Economic Development Authority, this long-awaited project is now ready to locate in Roanoke. This company will bring new jobs and economic growth. We are fortunate to have this business, and we look forward to a long working relationship with them."
UAB boosts Alabama economy with $7.15 billion impact, supporting nearly 65,000 jobs
By The University of Alabama at Birmingham
October 11, 2017
University of Alabama at Birmingham
's annual economic impact has grown to $7.15 billion a year, up from $4.6 billion just eight years ago - a 55 percent increase. UAB now directly employs more than 23,000 and supports more than 64,000 jobs - one of every 31 in Alabama.
UAB President Ray L. Watts announced the results of the fiscal year 2016 study conducted by
at his annual State of the University address today. Watch the livestream of Watts' address below.
"To put this economic impact number in perspective, $7.15 billion represents almost $20 million every day UAB pumps into our state economy," Watts said. "The fact is, our economic impact is only one way our students, faculty and staff make a positive difference every day. We are making equally
in our education, research, health care and community service missions, through which we continue to change lives across Alabama and beyond."
By Drew Taylor / Staff Writer
New initiatives and fields will be a big part of the third annual Worlds of Work expo.
Starting Thursday and continuing Friday, nearly 4,000 eighth-graders and hundreds of high school students will travel to Shelton State Community College's Martin campus, where they will learn about different careers through people who work in them. At least 52 schools from across West Alabama will take part in the expo, which is hosted by West Alabama Works.
Donny Jones, chief operating officer for the Chamber of Commerce of West Alabama, said the event will be significant, with tents covering 100,000 square feet and $25 million worth of equipment on display. There will be more than 200 industries represented with more than 1,000 volunteers assisting parents and children.
New Flyer Announces Official Opening of the Vehicle Innovation Center set for October 12, 2017: North America's First Innovation Lab for Bus and Coach Technology
ST. CLOUD, Minn., Oct. 10, 2017 /PRNewswire/ -- (TSX: NFI) New Flyer of America Inc. ("New Flyer"), the U.S. subsidiary of New Flyer Industries Inc. ("NFI Group"), the largest transit bus and motor coach manufacturer and parts distributor in North America, today announced that its Anniston, AL Vehicle Innovation Center ("VIC"), will open on October 12, 2017 .
The 36-acre, five-building campus is now home to the new VIC, North America's first innovation lab dedicated to the advancement of bus and coach technology that connects people to places with a focus on the environment.
The VIC will officially open on Thursday, October 12 with a grand opening ceremony that immediately follows the conclusion of the American Public Transportation Association's tri-annual EXPO being held in Atlanta, Georgia.
ONI Names Kent Brown President And CEO Of O'Neal Manufacturing Services
October 10, 2017
is pleased to announce the appointment of Kent Brown (pictured) as president and CEO of
O'Neal Manufacturing Services
, a supplier of fabricated metal components and welded assemblies serving original equipment manufacturers and O'Neal Industries affiliate, effective October 2, 2017.
The current OMS president and CEO, Larry Whitehead, will remain until December 31, ensuring a smooth transition.
Brown came to OMS from a large fabricator, C&B Pipe Fabrication, where he was the Director of Operations. Prior to that, Kent was Vice President and General Manager of McWane Corporation where he spent 17 years in roles of diverse and increasing responsibilities.