ALABAMA: Homegrown business and industry are a proven way to boost the local economy.Phifer Wire (PW), Coral Industries (CI) and Randall Reilly Publishing (RRP) have in common. They are local industries created by local people that have provided employment for West Alabama residents for many years.
That’s why we like the partnership between Greer Capital Advisors and the University of Alabama, which was announced by UA Vice President for Research and Economic Development Carl Pinkert at the Chamber of Commerce of West Alabama’s first State of the Economy conference. The concept is to turn ideas and discoveries by local entrepreneurs and researchers into viable local businesses.
Greer Capital Advisors is a Birmingham company that provides money to private equity projects. Its web site says that it wants to provide money to industries close to home so that they can contribute to the local economy. Under the partnership with UA, it will help finance startups and research.
