Innovate Alabama board holds first meeting of the year
The board announced the creation of the Innovate Alabama network to connect entrepreneurs and businesses with resources.
Small Business
NFIB: Small business job openings back up in January
The percentage of owners reporting labor quality as their top business operating problem remains elevated at 24 percent.
February 3, 2023
Most Alabama employers to see 54 percent unemployment insurance tax cut
This is the first time Alabama has dropped into Schedule A, the lowest tax rate schedule, since 1997.
Business, retirement tax changes to take effect Jan. 1
The changes include phasing out the business privilege tax and the exemption of $6,000 of retirement income for senior citizens.
Innovate Alabama board chooses founding CEO
Montgomery native Cynthia Crutchfield will be the first CEO of Innovate Alabama.
Inflation continues to weigh on small business optimism
Thirty percent of owners reported that inflation was their single most important problem.
October 12, 2022
White House says Inflation Reduction Act would lower health insurance premiums
Officials say the provisions in the bill would help about a million small business owners and employees as well as self-employed individuals.
Inflation, supply chain send small business optimism to a 48-year low
Twenty-three percent said that labor quality was their top business problem, behind inflation.
June 15, 2022
Governor signs House Bill 82, which cuts taxes for small businesses
The Small Business Relief and Revitalization Act includes corporate and income tax relief, as well as sales tax and business personal property tax relief.
March 1, 2022
House passes first small business tax relief bill
The bill would exempt up to $40,000 in business personal property tax.