Accelerate Alabama Fund
Provides loans to fund site preparation in counties with populations less than 25,000 in an amount up to $2 million per project is at least 25 jobs are created, or up to $1 million if less than 25 jobs would be created. Two sites per year located outside of these counties can receive this funding at the Governor's discretion.
AlabamaSAVES (Sustainable and Verifiable Energy Savings) Loan Program
Provides 10 year, 2% interest rate loans of $250,000 - $4,000,000, covering up to 90% of total project costs to help existing industries finance energy-savings improvements to their facilities.
Industrial Development Grant Program
Grants awarded to counties, municipalities, development boards or authorities, port authorities, or public corporations for site preparation or reasonable rehabilitation of an existing building or structure necessary to attract a qualifying project. Size of grant is dependent on amount of capital investment.
Industrial Access Road and Bridge Program
Covers cost of construction, construction engineering, and inspection costs for providing public access to new or expanding distribution, manufacturing, or industrial firms.
Industrial Revenue Bonds (IRBs)
May be used as long term financing of up to 100% of a project including
- Acquisition of land, buildings, site preparation, and improvements
- Construction of buildings
- Acquisition and installation of furnishings, fixtures, and equipment
- Capitalizable soft costs (e.g., architectural and engineering, interest incurred during construction, cost associated with bond issuance, etc.
Regional Revolving Loan Funds for Economic Development
Fixed rate financing, at below market rates, for business startup or expansions and economic or community development projects is directly available through
South Central Alabama Development Commission
Alabama Innovation Fund
This state level fund provides grant funding to public universities within Alabama to leverage research and development expenditures that support economic development initiatives within the state.
USDA Rural Development
The USDA provides a variety of loan, grant, and loan guarantee programs, plus technical assistance for companies looking to develop in rural areas. More information about these programs, including grant and loan information, can be found on the
USDA Rural Development – Alabama website.
One-Stop Environmental Permitting
The Alabama Department of Environmental Management is the state's one-stop shop for environmental permitting with the authority to issue the permits required by all the major federal environmental laws.