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
International Paper to invest $300 million in Alabama mill
SELMA, Alabama -
plans to invest around $300 million in its Riverdale Mill in Dallas County to expand the company's industrial packaging business, adding momentum to a significant growth spurt for the state's forest products industry.
Memphis, Tennessee-based International Paper (IP) said the investment will convert its No. 15 paper machine at the Selma mill to produce high-quality whitetop linerboard and containterboard by mid-2019. The machine now produces uncoated freesheet, the type of paper commonly used in offices.
"Our customers expect us to support their growth and this machine conversion will meet their needs," said Tim Nicholls, IP's senior vice president, Industrial Packaging the Americas.
Mercedes moves have potential to transform Bibb County
It's been a whirlwind year for Bibb County.
Yesterday Mercedes-Benz broke ground on
two huge projects in Woodstock
- a new Global Logistics Center and an after-sales North American hub in Bibb County.
Together, the three by themselves, when fully operational, represent more than 650 jobs, with almost $300 million in investment. And that's only the beginning.
Grants to Aid Business Programs in Birmingham, Mobile
BIRMINGHAM, Ala. (AP) - Almost $1 million in federal grant money is going to help business programs in Birmingham and Mobile.
The Department of Commerce announced grants to provide seed money for more than 40 entrepreneurial organizations in 28 states.
The University of
at Birmingham will get about $500,000 for a planned business incubator that will help faculty, students and staff launch companies related to regional health.
More speakers announced for Southern Automotive Conference Oct. 4-6
More than 1,000 people are expected for the conference of automakers, suppliers and exhibitors at the BJCC Exhibition Hall.
Gov. Kay Ivey and Alabama Department of Commerce Secretary Greg Canfield are expected to speak, as are representatives of Alabama's motor and vehicle manufacturers.