Alabama is making significant strides in economic development in the Southeast, positioning itself as an attractive business destination. Governor Kay Ivey recently signed "The Game Plan," a comprehensive package of bills supporting job creation. This approach strengthens Alabama's position as an economic development leader in the region.
Enhancing Alabama's Economic Progress Act:
Extends the Alabama Jobs Act and Growing Alabama program through 2028.
Increases incentives cap to $25 million per year for five years, attracting larger projects.
Includes renewable energy generation facilities, meeting manufacturers' clean energy demands.
Site Evaluation and Economic Development Strategy Act:
Enables fast-track development of industry-ready sites by the State Industrial Development Authority (SIDA).
Provides resources for state-community partnerships, promoting economic development in rural areas.
Innovation and Small Business Act:
Revitalizes Alabama's innovative growth and supports underrepresented businesses, particularly in rural areas.
Increases flexibility for small businesses, women-owned enterprises, and minority-owned entities to access resources and tailored assistance.
Enhancing Transparency Act:
Requires the Alabama Department of Commerce to publish incentivized project information on its website.
Enhances accessibility and transparency, bolstering confidence and clarity in economic development efforts.
““Neighboring states are aggressively escalating their economic development activities, and this will allow us to keep winning the projects that trigger lasting impacts.” ”
Smucker's plans to build a $1.1B facility in McCalla for making "Uncrustables," creating 750 jobs at an average wage of $25 per hour. The BBA led this business attraction project, and we eagerly anticipate further legislation to support the Greater Birmingham Region’s economic development efforts.
Subscribe to our weekly newsletter to stay updated on the progress from the "The Game Plan" and BBA’s efforts in policy and economic development, driving growth from the state to the region.