The Alabama Legislature has approved plans to renew and expand economic incentives for businesses in Alabama.
House Bill 192 (HB 192) was delivered to Alabama Gov. Kay Ivey Thursday after unanimously passing the Senate Wednesday and the House last week. Sponsored by Rep. Bill Poole of Tuscaloosa and Sen. Greg Reed of Jasper, the bill renews and improves job creation incentives found in the Alabama Jobs Act and Growing Alabama Act.
“This is a very important passage for economic development efforts in the state of Alabama,” Poole said. “This is a renewal of what is essentially the state’s primary economic development structure, but we have revised and sharpened that in an effort to create economic opportunities in every corner of the state and in a number of key strategic sectors.” READ ALABAMA NEWSCENTER FULL STORY HERE