Business Council of Alabama President Helena Duncan: Economic incentives critical to Alabama’s continued growth

Economic growth is clearly visible in every corner of Alabama. For decades, Alabama has been among the nation’s leading states in recruiting new businesses and developing existing industries. We must retain our competitive edge in economic development and job creation.

Many factors have contributed to that success, including: a productive workforce; a positive business climate; excellent quality of life; strong support from governmental leaders; and competitive economic incentives. Incentives can tip the scales and serve as the deciding factor for a business to locate or expand in Alabama. Once a company comes to Alabama the other factors mentioned above kick in and provide an operating environment that leads to continued reinvestment and growth.

The Alabama Joint Legislative Study Commision on Renewing Economic Development Incentives recently finished a thorough review of two critically important job creating laws. The Commission has recommended that the Alabama Jobs Act incentives and the Growing Alabama Credit, two foundational tools for creating jobs in our state, be reauthorized by the legislature in the 2023 regular session.

Capitol Journal – August 18, 2023

BCA In The News Capitol Journal – August 18, 2023 from the Business Council of Alabama Governmental Affairs Conference at Point Clear, Alabama. Todd sits down with Lt. Governor Will

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