CEO Guide to Site Selection

Alabama

ELECTRIC GROWTH

In 2022, Alabama landed $10.1 billion in economic development projects, a new annual record. This included more than $5.5 billion in direct foreign investment from corporate partners in Germany, Japan, South Korea and Canada. The projects announced in 2022 created more than 13,000 job commitments across the state. Automotive remains one of the primary economic drivers, with more than $1.2 billion in new capital investment announced last year and $8 billion over the previous five years. “With the global auto industry now investing heavily to pivot towards EV production, we expect to see even more growth in the sector,” said Greg Canfield, secretary of the Alabama Department of Commerce.
“Alabama is home to an impressive array of highly innovative companies, so our state is an ideal place for Ultra Safe Nuclear Corp.’s new advanced microreactor assembly plant. This unique facility will benefit the Gadsden community through a significant investment and the creation of good jobs, while also reinforcing Alabama’s reputation for cutting-edge manufacturing operations.”
Kay Ivey
Governor

TAXES

0 %

top corporate income tax

# 0

on the Tax Foundation’s State Business Tax Climate Index ranking

EDUCATION

0 %

of adults 25 years of age and older graduated high school

0 %

of adults age 25 and older have a bachelor’s degree or higher

UNEMPLOYMENT RATE

0 %

RIGHT TO WORK STATE

Yes

QUALITY OF LIFE

# 0

POPULATION GROWTH

0 %

increase between 2020 and 2022

KEY INCENTIVES

AIDT Workforce Development Services: Offers pre-employment screening and job training.

Alabama Jobs Act—Jobs Credit: Annual cash rebate of up to 3% of the previous year’s grows payroll for net new, direct jobs for qualifying prospects for up to 10 years with additional credit possible for certain projects.

Alabama Jobs Act—Investment Credit: Annual tax credit of up to 1.5% of the qualified capital investment in a project, each year for up to 10 years.

Growing Alabama Credit: Offers a source of funds for site preparation and public infrastructure needs of existing industrial sites and other qualifying activities.

Apprenticeship Tax Credit: State income tax credit for employers, up to $1,250 per qualifying apprentice for up to 10 apprentices employed.

EDCs

Alabama Department of Commerce Business Development Division madeinalabama.com/business-development

Economic Development Partnership of Alabama
edpa.org

Amazing Alabama
amazingalabama.com

Economic Development Association of Alabama
edaa.org

Birmingham Business Alliance
birminghambusinessalliance.com

HIGHLIGHTED PROGRAM OR INITIATIVE

In April 2023, Gov. Kay Ivey signed The Game Plan legislation to modernize Alabama’s economic development playbook with new incentives funds to prepare industrial size for development and tax credits to support innovation.

BIG DEALS

  • Hyundai announced in April 2022 a $300 million investment and 200 new jobs at its manufacturing center to support electric vehicle production.
  • Novelis announced in May 2022 a $2.5 billion alumni mill and 1,000 new jobs in Bay Minette.
  • Airbus announced in May 2022 an expansion and 1,000 new jobs at its facility in Mobile.
  • First Solar announced in November 2022 a $1.1 billion factory and 700 new jobs in Lawrenced County.
  • Kronospan announced in May 2023 a $350 million investment in a wood panel production facility that will create 125 jobs in Oxford.
  • Sierra Pacific Windows announced in May 2023 it will establish an $60 million manufacturing facility and create 300 jobs in Phenix City.

BIG COMPANIES

  • Regions Financial (Fortune 500 headquarters)
  • Vulcan Materials (Fortune 500 headquarters)
Roundtable

Strategic Planning Workshop

1:00 - 5:00 pm

Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process

Executives expressed frustration with their current strategic planning process. Issues include:

  1. Lack of systematic approach (70%)
  2. Laundry lists without prioritization (68%)
  3. Decisions based on personalities rather than facts and information (65%)

 

Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns.  They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning.  Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process.  This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented.  If you are ready for a Strategic Planning tune-up, select this workshop in your registration form.  The additional fee of $695 will be added to your total.

To sign up, select this option in your registration form. Additional fee of $695 will be added to your total.

New York, NY: ​​​Chief Executive's Corporate Citizenship Awards 2017

Women in Leadership Seminar and Peer Discussion

2:00 - 5:00 pm

Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations. 

Limited space available.

To sign up, select this option in your registration form. Additional fee of $495 will be added to your total.

Golf Outing

10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS

General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.

The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.

To sign up, select this option in your registration form. Additional fee of $295 will be added to your total.