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
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Woodbridge Alabama opens Huntsville plant
Woodbridge Alabama officially opened its Huntsville manufacturing plant today, with plans to hire more workers.
Company and local officials gathered at the factory, located in Southpoint Industrial Park in Tanner inside the Huntsville city limits in Limestone County.
Woodbridge is an automotive parts supplier, manufacturing polyurethane seating foam for the Nissan Titan, Altima and Rogue models.
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FAA directs $25 million to Alabama airport improvements
A fresh round of Airport Improvement Program funding from the FAA means millions of dollars in grants for Alabama facilities, including $7 million for the Downtown Mobile Airport.
The grants are part of the Federal Aviation Administration's Airport Improvement Program, which helps fund "improvements related to enhancing airport safety, capacity, security and environmental concerns."
Alabama airports received $20.6 million in a wave of grants announced this week, following $4.7 million awarded in June. The $7.1 million for Mobile Downtown Airport is by far the largest grant out of that $25.3 million total, but it's not the only seven-figure one.
2018 Alabama Business Hall of Fame Inductees Named
July 18th, 2018
TUSCALOOSA, Ala. - The University of Alabama Culverhouse College of Business announced seven business professionals to be inducted into the Alabama Business Hall of Fame for 2018.
The 2018 inductees will be honored in a Nov. 15 celebration at the Hyatt-Regency Birmingham - The Wynfrey Hotel.
The inductees include: Patricia "Sister Schubert" Barnes, of Andalusia; Jeffrey Bayer, of Birmingham; Don James, of Birmingham; Charles McCrary, of Birmingham; Randy Owen, of Fort Payne; James Pursell, of Fayetteville; and John Rhoads, of Birmingham (awarded posthumously).
Alabama aerospace connections on display at Farnborough Airshow
FARNBOROUGH, England - The
Farnborough International Airshow is the global industry's grand event in 2018, highlighted by thunderous aerial flyovers and mindboggling billion-dollar aircraft purchase announcements.
The airshow also represents an opportunity to showcase Alabama's deep connections to the dynamic aerospace industry and to spot glimpses of developments that could shape the future of the sector in the state.
One them stood just off the runway at Farnborough - an Airbus A220 passenger jet.
New investment fuels aerospace job growth across Alabama
Momentum continues to build in Alabama's aerospace industry, which is adding new investments and hundreds of jobs to produce innovative, in-demand products in communities across the state.
In 2017 alone, there were announcements totaling nearly $690 million and 1,750 jobs. Those numbers increased the sector's cumulative investment over the past seven years to almost $2.4 billion, along with 8,348 aerospace and defense jobs during the same time period.
This year, there's a hiring surge, as the plans become reality. And more jobs are on the way.
