FINANCING & GRANTS
USDA Rural Development in Alabama
A variety of loan, grant, and loan guarantee programs, plus technical assistance in the areas of business, industry and many other areas.
Revolving Loan Funds
Regional Council operates a revolving loan fund that provides supplemental financing for expanding and new businesses whose project will result in the creation of new permanent jobs. RLF has flexible terms, fixed interest rate, and up to 90% financing.
Industrial Development Grant Program (Site Preparation)
Grants to counties, municipalities, local industrial development boards or authorities for site preparation.
Alabama SAVES (Sustainable and Verifiable Energy Savings) Loan Program
Provides 2% interest-rate loans of $250,000 to $4,000,000 to help existing industries finance energy-saving improvements to their facilities.
Alabama New Market Tax Credit (NMTC) Program
Provides state income tax, financial institution excise, or premium tax credits for investments and businesses in impoverished and low income communities.
One-Stop Environmental Permitting
The Alabama Department of Environmental Management (ADEM) has the authority to issue the permits required by all the major federal environment laws.
Economic Development Revolving Loan Funds
Fixed rate financing, at below market rates, directly available through twelve Alabama Regional Councils.
Industrial Access Road and Bridge
Provide adequate public access to new and expanding distribution, manufacturing and industrial firms.
For more information on grants and financing, visit www.madeinalabama.com.