The South Alabama Mega Site in Bay Minette has received $5.5 million for site improvements from the Growing Alabama Commission and its tax credit program.
This brings Growing Alabama’s total investment in the project to $12. 5 million. The Growing Alabama tax credit program uses private dollars to improve publicly owned sites for economic development purposes.
“The South Alabama Mega Site is a prime location for a high-impact economic development project within the Gulf Coast region, and these new improvements will make the Baldwin County site even more competitive when it comes to strategic corporate investment decisions,” said Greg Canfield, secretary of the Alabama Department of Commerce. “This is another example demonstrating that the Growing Alabama Tax Credit Program is an effective tool in our team approach to facilitating economic growth in the state.”
The new investment could speed up the process of finding companies for the mega site.
“The South Alabama Mega Site had already re-defined the term ‘shovel ready’ with our existing site improvements, and this investment by our partners at CSX and Regions Bank puts us in an even better position to stand out among other mega sites in the Southeast,” said Lee Lawson, president and CEO of Baldwin County Economic Development Alliance. “These improvements could potentially speed up development timelines by over a year, providing prospective companies with a speed to market that can’t be found anywhere else.”
