Site Preparation Grant Program
Alabama Act No. 97-645 authorizes the State Industrial Development Authority to sell bonds to offer grants to counties, municipalities, local industrial development boards or authorities, or economic development authorities, airport authorities or public corporations, to pay for site preparation for land owned or possessed by lease by these entities.
AIDT, often referred to as Alabama’s No. 1 incentive, is designed to recruit and train a company’s entire workforce to company specifications at no cost. In Mobile, courses are established in aviation, welding, electro-mechanical maintenance, distribution control systems, instrumentation, office automation desktop publishing and management. Other courses are custom designed for new and expanding Alabama businesses.
Under the Tax Cuts and Jobs Act of 2017, Opportunity Zones foster private-sector investments in low-income rural and urban areas.