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
Economic Development Partnership of Alabama helping to grow jobs with AdvantageSite
By Sean Ross
September 6, 2018
Last week, Alabama
atop "Global Trade" magazine's 2018
of the best states for manufacturing in the nation, and a big factor - that often goes unnoticed - towards this achievement is the important work done by the Economic Development Partnership of Alabama (EDPA).
The selection of Alabama in the ranking of top manufacturing states comes one month after "Business Facilities," an economic development focused publication, named the Yellowhammer State as the best in a
Site selection opportunities are key to Alabama's lofty rankings, and the non-profit organization
plays a key role in these efforts through its AdvantageSite program.
AGCOR breaks ground on new plant
By Tyler Hanes
September 5, 2018
The City of Good Hope's first manufacturing plant officially broke ground Wednesday morning, and a group of local officials gathered at AGCOR Steel's future home to celebrate the occasion.
AGCOR, a manufacturer and retailer of metal siding and metal trusses currently located in Vinemont, is making the move to Good Hope to a new 128,000 square-foot facility that will allow the company to retain its 26 current jobs in the area while adding 20-25 additional jobs over the next two years.
Keeping the company in Cullman County took a partnership between local municipalities, as the City of Good Hope, City of Cullman and the Cullman County Commission combined to offer a $400,000 tax rebate from their half-cent sales taxes to AGCOR to purchase the 53-acre tract of land.
$25 million Alabama Futures Fund looking for adaptable teams, bold ideas
September 6, 2018
The AFF, the largest seed-stage investment fund in Alabama history,
it closed a $25 million early-stage venture capital fund.
Focused on growing the state's entrepreneurial culture, its investors include former Auburn and NBA basketball great Charles Barkley, Protective Life Insurance Company, HOAR Construction, Raymond J. Harbert, G. Ruffner Page, Jr., and Benny M. LaRussa, Jr.
Auburn University taps former Homeland Security official to lead cybersecurity institute
September 5, 2018
AUBURN, Ala., Sept. 5, 2018 /PRNewswire/ -- Auburn University has taken another step forward as a leader on the national stage of cybersecurity with today's naming of globally renowned cyber expert Frank Cilluffo to direct Auburn'sCharles D. McCrary Institute.
Cilluffo, whose appointment is effective Sept. 17, previously served as an associate vice president at The George Washington University where he led a number of national security and cybersecurity policy and research initiatives. He directed the Center for Cyber and Homeland Security and, with the School of Business, launched the university's World Executive MBA in Cybersecurity program.
Join us on September 27th at LogiCore in Huntsville, Alabama
for the Alabama Launchpad Startup Competition Finale
powered by imerge!
With up to $150,000 on the line and expert judges deciding the winners, this competition is high stakes for six early-stage companies. Beyond the competing startup teams, the event features a meet and greet and also a panel discussion. The night concludes with live music.
for details and to purchase tickets.