Governor signs bill to increase capital where getting financing is difficult
Gov. Kay Ivey on Monday signed legislation to get capital to small businesses in rural and impoverished areas of Alabama.
Opportunity Zones
House passes funding for businesses in rural, impoverished communities
The legislation would create a fund where small businesses in rural or impoverished areas can find access to capital.
Ainsworth opposes Mobile River toll bridge plan
Alabama Lt. Gov. Will Ainsworth became the latest Alabama elected official to announce his opposition to a controversial new Alabama Department of Transportation plan to build a bridge over the Mobile River and pay for it by tolling motorists who use I-10 for the next 55 years. “A state that built the rockets that sent … Continued
Sewell announces $127,877 grant to support opportunity zones in the Black Belt
U.S. Rep. Terri Sewell, D-Selma, announced Wednesday the Delta Regional Authority has awarded $127,877 to Opportunity Alabama in support of rural revitalization and development in opportunity zones across the Black Belt. Alabama’s Black Belt is the only region in the state with five consecutive opportunity zones, areas where investors receive tax incentives to invest in … Continued
ADECA asks for public input: Opportunity Zones, state tax incentives
On Wednesday, Gov. Kay Ivey encouraged Alabamians to respond to the Alabama Department of Economic and Community Affairs’ request for public input regarding low-income areas where investors can receive federal tax incentives to invest their unrealized capital gains into the community. These areas are called Opportunity Zones, and they were created as a consequence of … Continued