Money from the ‘Growing Alabama’ project funded over 50 projects from 2017 to 2023.
MONTGOMERY, Ala. - The Renewal of Alabama Commission awarded over $15.5 million in funding to the next tax cycle of the ‘ Growing Alabama ’ program, Governor Kay Ivey announced Monday.The program promotes economic development by funding “industrial site readiness” - a key factor for companies considering Alabama for new facilities or expansions.
“We’ve been on a long winning streak when it comes to economic development, but we need to replenish our inventory of available industrial sites across the state to stay in the game,” said Governor Ivey. “The Growing Alabama program is helping us do just that.” Money from ‘Growing Alabama’ funded over 50 projects from 2017 to 2023. With the new cycle, funding for ‘Growing Alabama’ exceeds $105 million over the last eight years.
Project Millions Million Alabama Ivey Tax Credit
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