September 2022 Group Watch: Grant Dollars Target Small Biz Growth
The Alabama Innovation Corp. announced the awarding of its first round of grants designed to help small businesses expand their operations within the state. The 31 grant awards, which total more than $4.5 million, will be distributed under the Innovate Alabama Supplemental Grant Program. According to the corporation, the funds will enable small business owners to further commercialize modern technology and contribute to the Alabama regional and national economic footprint. The program assists advancing the state’s economy through numerous avenues, including boosting research and commercialization efforts, developing exportable products and services, and generating high-wage job opportunities.
