Alabama’s competitive edge in the new economy

Alabama has a proud history of fostering innovation and inspiring great ideas that have transformed how we live, work and do business. From the Saturn V rocket that took us to the moon to Shipt’s grocery delivery app that has now become a household name.

Through the leadership of Representative Bill Poole and Senator Greg Reed during this past session, the legislature passed the Alabama Incentives Modernization (AIM) Act, a transformative piece of legislation that primes Alabama for success by ensuring that entrepreneurs and technology-based companies have the tools they need to flourish in our state.

Simply put, the AIM Act is a game-changer.

Group of computer programmers workingIt expands Alabama’s economic development efforts by investing in tech-based jobs and removing barriers for companies that want to grow in the state. It accomplishes this by focusing on rural development, tech job recruitment and opportunity zone enhancement.

Most importantly, it serves as a launching point for prioritizing the workforce of the next generation.

Huntsville’s success as an aerospace and biotech hub continues to generate entrepreneurial and tech growth in the North Alabama region. In Mobile, the Innovation PortAL serves as a launchpad for growing startups and connecting them to the resources and funding they need to succeed. Tuscaloosa’s state-of-the-art incubator, The EDGE, supports West Alabama’s entrepreneurial community through professional development opportunities and local pitch competitions. And in Birmingham, we’ve seen smart, effective initiatives that have put Alabama on the map for growing companies, high-profile exits and emerging tech companies from San Francisco to Atlanta that are relocating their headquarters to Alabama.

Continue reading on Yellowhammer News

Comments are closed.