Ten economic development organizations will receive more than $20 million to help prepare industrial sites for new investments.
The awards from Gov. Kay Ivey’s office are part of the Growing Alabama Tax Credit program, which uses private dollars to improve publicly owned sites for economic development. Under the program, donors receive a tax credit equal to the value of their contributions to approved economic development organizations.
“As more companies seek to locate and expand in Alabama, Growing Alabama helps local communities large and small prepare for them,” Ivey said. “From Gulf Shores to The Shoals, this latest round of funding is further proof of not just the state’s commitment to expansion, but that of Alabamians who want to see their communities succeed.”
The awardees are:
- Shoals Economic Development Authority: $4,455,935 for site work and public infrastructure at Shoals Research Airpark
- City of Luverne: $1,230,057 for site work and public infrastructure at the Luverne Industrial Park
- Dothan-Houston County Airport Authority, Inc.: $2,239,893 for site work and public infrastructure at the Dothan-Houston County Airport
- Craig Field Airport and Industrial Authority: $161,465 for site work and public infrastructure at Craig Field Industrial Park
- City of Alexander City: $380,000 for site work and public infrastructure at the former Russell Corporation Campus
- Industrial Development Board of the City of Albertville: $3,200,655 for site work and public infrastructure at Industrial Park East
- Industrial Development Board of the City of Dothan: $187,298 for site work and public infrastructure at Houston County Distribution Park
- City of Gulf Shores: $2,140,570 for site work and public infrastructure at the Gulf Shores Business and Aviation Park
- Montgomery Airport Authority: $2,903,400 for site work and public infrastructure at an industrial site
- Industrial Development Board of the City of Montgomery: $3,600,000 for site work and public infrastructure at the Del Sol site
