While Michigan often claims the fame, Alabama continues to climb the ranks as an auto manufacturing powerhouse. Hyundai recently marked its 5 millionth vehicle made in the state at the Montgomery assembly plant, and new auto industry investments continue to pour in. Alabama also continues to foster its innovation with two keypieces of innovation legislation backed by the Alabama Innovation Commission, a high-level statewide panel focusing on entrepreneurship, technology and innovation. House Bill 540 created the Alabama Innovation Corp, a private-public partnership tasked with growing the state’s technology and innovation ecosystem.
Apprenticeship Tax Credit: Offers a state income tax credit up to $1,250 per qualifying apprentice for up to ten apprentices employed.
Jobs Credit: Offers an annual cash rebate of up to 3% for new, direct jobs for up to 10 years.
Investment Credit: Offers up to 1.5% of the qualified capital investment expenses for a qualified project of up to 10 years.
Growing Alabama Credit: Offers funds for site preparation and public infrastructure needs of existing industrial sites and other qualified purchases.
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
JumpStartAL is a VR-based education and training program designed to build Alabama’s next generation of skilled labor. Its mission is to develop a partnership of public and private entities that create career awareness and training courses working to meet the state’s labor needs of tomorrow.
Chief Executive Group exists to improve the performance of U.S. CEOs, senior executives and public-company directors, helping you grow your companies, build your communities and strengthen society. Learn more at chiefexecutivegroup.com.
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