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. – AL.com
