• Directly off I-65 with three interstate interchanges
• Nine miles from I-85
• Adjacent to two Federal Highways and One state Highway
• Two Advantage sites
  • Phase I ESA, Preliminary Geotech, and Wetlands studies completed.
• Two data center certified sites
• 400+ acres of available land in industrial parks
• Dual rail access in the Industrial Park

• • CSX
  • Norfolk Southern

• $1 billion infrastructure and existing power plants providing low cost power

• • Alabama Power Company
  • Central Alabama Electric Cooperative

• AT&T fiber optics running approximate to sites and latest in digital telecommunications based on the Lucent Technologies 5ESS switching platform
• WOW serves 350+ commercial / retail customers with advanced fiber optic infrastructures exceeding 100 Mbps and offers Voice over Internet Protocol (VoIP)
• Natural Gas by Spire
• Water & Sewer by the City of Prattville
• Airport with 5,300 foot runway and Automated Weather Observing System (AWOS)

Alabama Jobs Act: Investment Credit and Jobs Credit

Alabama’s primary incentives platform can provide projects with an tax credit for qualified capital investment expenses and an annual cash rebate for payroll expenses for job creation. Enhanced incentives are possible for projects in ‘Targeted’ counties.

• Jobs Tax Credit
  • Cash refund of up to 3% of the previous year’s gross payroll (not including fringe benefits) for qualifying new, direct jobs. Incentive period is up to 10 years.
  • Up to an additional 0.5% cash refund is available on the wages of veterans, for companies, which employ a workforce composed of at least 12% of veterans.
  • Up to an additional 1% cash refund for projects in counties with a population less than 25,000. Two sites per year located outside of these counties can receive this refund at the Governor’s discretion.
• Investment Tax Credit
  • Credit of up to 1.5% of the qualified capital investment costs for a qualifying project each year for up to 10 years (Up to 15 years for projects in counties with populations less than 25,000 selling their output nearby)
  • Credits can be used to reduce income tax (or taxes on banks or insurance companies), and taxes for utility services.
  • Credits can be carried forward for five years.
  • The first three years of the credits may be sold to create cash for projects, with Department of Commerce approval.

Tax Abatements

Alabama can abate the non-educational portion of property taxes for qualifying projects for up to 20 years, as well as the non-educational portion of sales and use taxes on construction materials for qualifying projects.

Income Tax Incentives

Alabama law offers several income tax incentives for new, existing, or expanding businesses in Alabama.

Energy Costs

There are several exemptions from the utility gross receipts tax. Sewer costs are not taxed. Water used in industrial manufacturing in which 50% or more is used in industrial processing is also exempt from the utility gross receipts tax. Additionally, Alabama law allows exclusions from the utility gross receipts tax and the utility service use tax for utility services used in certain types of manufacturing and compounding processes. The law allows exemptions for:

• The furnishing of electricity to a manufacturer or compounder for use in an electrolytic or electrothermal manufacturing or compounding process,
• Natural gas which becomes a component of tangible personal property manufactured or compounded (but not used as fuel or energy), and
• Natural gas used by a manufacturer or compounder to chemically convert raw materials prior to the use of such converted raw materials in an electrolytic or electrothermal manufacturing or compounding process.

Training

Alabama Industrial Development Training (AIDT) is rated as one of the Top 10 State training programs in the United States. AIDT provides comprehensive and customized free training to new and expanding companies. Southern Union State Community College and the Alabama State Employment Service offer a variety of workforce recruitment and training opportunities.

Specific pre-employment recruiting and training programs can be highlighted further during the site selection process. On the job training (OJT) and management training are also available.

Apprentice tax credit Alabama can provide state income tax credit for employers of up to $1,250 per qualifying apprentice for up to 10 apprentices employed.

Site Preparation Grant Program

Alabama Act No. 91-635, as amended by ActNo.’s 97-645, 99-590; authorizes the State Industrial Development Authority to sell bonds to make grants to counties, municipalities, local industrial development boards or authorities or economic development councils or authorities to pay for site preparation for land owned or possessed by lease by these entities. Certain SIC codes apply.

Educational Tax Credit

Tax credit of 20% of the actual program costs for an employer that provides or sponsors an educational program which enhances basic skills of employees up to and including the 12th grade level. Program must receive written approval from the Alabama Department of Education.

Alabama Infrastructure Grant Program

Infrastructure funds are available for extension of water, sewer and road facilities. Funding is through the Alabama Department of Economic and Community Affairs, Community Development Block Grants and state/federal governments.

Growing Alabama Credit

Program provides a source of funds for site preparation and public infrastructure needs of existing industrial sites and other qualifying activities. Taxpayers making an approved contribution receive an Alabama income tax credit equal to their contribution.

Alabama Industrial Access Road and Bridge Program

Provides financial assistance to communities for industrial access to new and expanding industries. The program allows for the construction of roads, bridges, etc. on public right-of-ways in conjunction with industrial projects

https://www.madeinalabama.com/business-development/recruitment-and-retention/taxes-and-incentives/