Top Headlines: Alabamians Won’t Owe State Taxes on CARES Act Money, Black Restaurant Week Underway in Alabama

Gov. Kay Ivey says Alabamians won’t pay state taxes on CARES Act money. (Governor’s Office/Hal Yeager)

Alabamians won’t owe state taxes on CARES Act money
Gov. Kay Ivey on Friday signed a proclamation that will allow Alabama citizens and business to avoid paying state taxes on benefits received from the federal CARES Act. Those benefits include $7.2 billion given in tax credits, advance refunds and loan forgiveness. – Alabama Political Reporter

Birmingham private equity company invests in Milwaukee’s Healthfuse
New Capital Partners, a Birmingham-based private equity and venture capital fund, has invested in Healthfuse, a health care startup based in Milwaukee that helps health care companies establish revenue cycle best practices. Terms of the deal were not disclosed.  – Milwaukee Business News

Black Restaurant Week underway in Alabama
Restaurants in the Birmingham, Montgomery and Mobile areas are participating in Black Restaurant Week through Dec. 20. Participating Black-owned eateries will offer special discounts to patrons. Restaurants and food trucks can still sign up to participate.  – WVTM 13

SteelFab to expand Roanoke facility
North Carolina-based SteelFab will invest $23.6 million into its Roanoke factory in Randolph County, creating 32 new job. The expansion should be complete by next June. –

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