Have you heard about the Growing Alabama program? It’s a game-changer for our state, helping to drive economic development and create opportunities for businesses and communities alike. Run by the Alabama Department of Commerce and the Economic Development Partnership of Alabama (EDPA), this program promotes economic development by funding industrial site readiness, a key factor for companies considering Alabama for location or expansion.
What’s the Growing Alabama Program All About?
The Growing Alabama program is here to tackle important infrastructure and site development needs. It allows businesses and individuals to use their state tax liabilities to fund projects that make a real difference in Alabama communities. It’s a win-win for everyone involved!
Here’s what makes it awesome:
- Tax Credit Incentives: When you contribute to an approved project, you get state tax credits in return. Talk about a smart investment!
- Economic Development: The program prioritizes funding for industrial sites and infrastructure that attract and keep businesses in Alabama.
- Team Effort: It’s all about collaboration—private investors, local governments, and state agencies working together to make things happen.
How Does It Work?
Economic Development Organizations (EDOs) submit a funding application. The Alabama Department of Commerce and EDPA will review the application, and if they give the green light, the project can get funding through tax credit contributions. This approach has already supported everything from industrial park upgrades to transportation improvements—all boosting Alabama’s economy and helping communities thrive. This program is only available to EDOs across the state, and private projects do not qualify.
How Sain Associates Can Help You
At Sain Associates, we know the ins and outs of infrastructure and site development. That’s why we’re the perfect partner for any EDO looking to tap into the Growing Alabama program. Here’s what we can do:
- Help you spot project opportunities that fit the program’s goals.
- Bring our expertise in site prep and infrastructure design to the table.
- Guide you through the application and approval process so it’s smooth sailing.
With over 50 years in business, our team is ready to help you bring your vision to life. Interested? Let’s chat and see how we can support your project.
Why It Matters
The Growing Alabama program is an incredible way for businesses and communities to come together and make a lasting impact. By participating, you’re not just helping your bottom line – you’re contributing to the future of Alabama.