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Home > U.S. Domestic Atlas > Alabama

 

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Welcome to Alabama on Business Facilities Online



ALABAMA FAST FACTS

• Population (2006): 4,599,030
• Largest Cities (2006): Birmingham, 229,424; Montgomery, 201,998; Mobile, 192,830; Huntsville, 168,132; Tuscaloosa, 83,052
• Targeted Industries: Automotive, aviation/aerospace, biotechnology/life sciences, plastics, industrial machinery, technology products

• Key Incentives: Alabama’s Capital Investment Tax Credit, Site Preparation Grant Program, Employer Education Credit, Industrial Revenue Bonds

 

ALABAMA STATE INCENTIVES

Alabama's Capital Investment Tax Credit allows an income tax credit of up to 5% of initial capital costs of qualifying projects to new and expanding companies. The credit is available annually for 20 years. The current rate of taxation in Alabama for corporations is 6.5%. Alabama allows the deduction of federal income taxes apportioned and paid to Alabama from the gross apportioned and allocated income, creating a lower net effective income tax rate.

The Site Preparation Grant Program is available for activities that provide rehabilitation of buildings and other structures (such as accessing, excavating, surveying, clearing and grubbing, and draining the site), and/or other necessary and appropriate site preparation. The size of the grant depends upon the amount of capital investment.

Industrial Revenue Bonds (IRB) may be used as long-term financing of up to 100% of a project for acquisition of land or buildings; site preparation and improvements; construction of buildings; acquisition and installation of furnishings, fixtures, and equipment; and capitalizable soft costs (e.g., architectural and engineering, interest incurred during construction, cost associated with bond issuance). Typically, tax-exempt IRBs have interest rates ranging from 70% to 85% of prime and are limited to $10 million per single issuance and $40 million total maximum per company.

The Employer Education Credit is a tax credit that is available to employers who provide basic skills education programs to Alabama resident employees. The credit is 20% of the actual costs limited to the employer's income tax liability. The program must receive written approval from the Alabama Department of Education.

 

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Alabama State Resources

 

STATE CONTACTS
(scroll - to view all listings)

AIDT
Ed Castile
Director
One Technology Court
Montgomery, AL, 36116
Tel: 334-242-4158
Web: www.aidt.edu

Alabama Development Office/Alabama Center for Commerce
Neal Wade
Director
401 Adams Ave.
Montgomery, AL, 36104
Tel: 800-248-0033
Web: www.ado.state.al.us

Alabama Industrial Development Training
Ed Castile
Director
One Technology Court
Montgomery, AL, 36116
Tel: 334-242-4158 412
Web: www.aidt.edu

Alabama State Port Authority
Judith Adams
Manager, Media Relations and Economic Development
P.O. Box 1588
Mobile, AL, 36633
Tel: 251-441-7003
Web: www.asdd.com



UTILITIES

Alabama Gas Corp/Energen
Lamar Smith
Director of Economic Development
605 Richard Arrington Jr. Blvd. N
Birmingham, AL, 35203
Tel: 205-326-2796
Web: www.energen.com

Alabama Power Co.
Greg Barker
VP, Economic and Community Development
600 N. 18th St., P.O. Box 2641
Birmingham, AL, 35291-0015
Tel: 205-257-5968
Web: www.amazingalabama.com



REGIONAL CONTACTS

Coastal Gateway Regional Economic Development Authority
Wiley Blankenship
President
24300 Highway 41
Brewton, AL, 36426
Tel: 251-248-2143
Web: www.cgeda.net

Huntsville/Madison County Chamber
Brian Hilson
President/CEO
P.O. Box 408
Huntsville, AL, 35804
Tel: 256-535-2006
Web: www.huntsvillealabamausa.com

Metropolitan Development Board
Ted vonCannon
President
500 Beacon Parkway West
Birmingham, AL, 35209
Tel: 205-942-7284
Web: www.mdb.org

North Alabama Industrial Development Assn.
J. Tate Godfrey
President/CEO
P.O. Box 1668
Decatur, AL, 35602
Tel: 256-353-9450
Web: www.northalabamausa.com

North Alabama Industrial Development Assn.
J. Tate Godfrey
President/CEO
PO Box 1668
Decatur, AL, 35602
Tel: 256-353-9450
Web: www.NorthAlabamaUSA.com

Shoals E.D.A.
Forrest Wright
President
P.O. Box 580, 20 Hightower Place
Florence, AL, 35631
Tel: 256-764-0351
Web: www.seda-shoals.com



COUNTY CONTACTS

Cullman Economic Development Agency
Peggy S Smith
Director
P.O. Box 1009
Cullman, AL, 35056-1009
Tel: 256-739-1891
Web: www.cullmaneda.org

Gadsden-Etowah Co. I.D.A.
Mike McCain
Executive Director
1 Commerce Sq.
Gadsden, AL, 35901
Tel: 256-543-9423
Web: www.gadsdenida.org

Morgan County Economic Development Association
Jeremy Nails
President and CEO
300 Market St. NE, Suite 2
Decatur, AL, 35601
Tel: 256-353-1213
Web: www.mceda.org

Selma & Dallas County Economic Development Authority
Wayne Vardaman
Executive Director
912 Selma Avenue
Selma, AL, 36701
Tel: 334-875-8365
Web: www.selmaeda.com

Talladega County E.D.A.
Calvin Miller
Executive Director
P.O. Box 867
Sylacauga, AL, 35150
Tel: 256-245-8332
Web: www.tceda.com

Tuscaloosa County I.D.A.
Dara Longgrear
Executive Director
P.O. Box 2667
Tuscaloosa, AL, 35403
Tel: 205-349-1414
Web: www.tcida.com



CITY CONTACTS

Auburn

City of Auburn
Phillip Dunlap
Economic Dev. Director
144 Tichenor Ave., Suite 2
Auburn, AL, 36830
Tel: 334-501-7270
Web: www.auburnalabama.org

Birmingham

City of Birmingham Office of Econ. Dev.
Griffin Lassiter
Corporate and Economic Liaison
710 North 20th Street
Birmingham, AL, 35203
Tel: 205-254-2799
Web: www.informationbirmingham.com

Mobile

Mobile Area Chamber of Commerce
Bill Sisson
VP, Economic Development
P.O. Box 2187
Mobile, AL, 36652-2187
Tel: 251-431-8650
Web: www.mobilechamber.com

Montgomery

Montgomery Area Chamber
Troy Wayman
Director of Recruitment
P.O. Box 79
Montgomery, AL, 36101
Tel: 334-240-9458
Web: www.montgomerychamber.com