September 2019 Group Watch: Legislation Boosts Rural Biz
Alabama’s unemployment is at an all-time low and with many companies relocating to its business-friendly environment, our state’s economy is strong. Unfortunately, rural counties have lagged behind their urban neighbors in infrastructure development, job creation and revenue growth. The Alabama Incentives Modernization (AIM) Act, passed earlier this year by the legislature is a step in the right direction. It provides incentives for businesses creating as few as 10 jobs in rural areas. It also expands the number of rural counties eligible for incentives under the 2015 Alabama Jobs Act and enhances incentives within federal Opportunity Zones.
