Alabama Department Of Commerce

06/16/2019 | Press release | Distributed by Public on 06/16/2019 01:56

Gov. Ivey: ‘Sweet Home Alabama’ is ideal location for aerospace investment

She reminded the group that Alabama just received a Gold Shovel award from Area Development magazine for economic development success in 2018, an honor granted to only six states.

HIGH-LEVEL MEETINGS

Economic developers from around the state will engage in meetings with industry decision-makers at this year's Paris Air Show, which takes place during a period of strong growth for Alabama's aviation, aerospace and defense sectors.

Since 2016, aerospace companies have announced Alabama projects involving more than $1.4 billion in new capital investment and the creation of around 3,200 jobs, making this key industrial sector one of the state's fastest growing.

'The Paris Air Show mission is very important to us because aerospace is a key economic driver for Alabama,' Secretary Canfield said. 'We have a great heritage in aerospace, and the industry is very robust in terms of cutting-edge activities that take place in the state.

'It's a strategic priority for us to sustain the growth in aerospace that we are seeing in Alabama.'

On Monday, Secretary Canfield will join Governor Ivey in a full day of scheduled meetings at Le Bouget with high-ranking representatives from aerospace and aviation companies that could include Alabama in their future growth plans.

Discussions at previous European air shows have kick started Alabama projects from GE Aviation, GKN Aerospace and other aerospace and defense companies.

On Tuesday, Governor Ivey and Secretary Canfield, joined by officials from Tuscaloosa County, will travel to Stuttgart, Germany, the global headquarters of Mercedes, one of Alabama's key industrial partners.

The Stuttgart visit is designed to renew relationships with top leaders at the automaker and to demonstrate the state's strong commitment to the company during a time of heightened global trade tensions.

'TREMENDOUS MOMENTUM'

At today's breakfast, Mike Lanier, president of HPM, a Birmingham-based firm that manages construction projects for companies in aerospace and other industries, told the Alabama group to work together to make the air show mission successful. HPM sponsored the kick-off breakfast.

'We've got tremendous momentum in our state in the aerospace and aviation industry,' Lanier said. 'We're proud to be part of it on so many fronts, both with communities and companies.'

Later today, Governor Ivey and Secretary Canfield will attend a business-to-business networking cruise on the Seine sponsored by the Aerospace Alliance, a trade group that promotes Alabama and three other Southeastern states to the industry.

Top government officials and industry leaders will be on hand for the cruise.