industrial incentives

Special Session
5:13 pm
Wed July 23, 2014

Gov. Bentley Says He Plans To Call Special Session

Gov. Robert Bentley says he plans to call a special session of the Legislature to use money from the state's education budget to pay for economic incentives to lure new businesses.
Credit The Governor's Office

Alabama Gov. Robert Bentley says he plans to call a special session of the Legislature to use money from the state's education budget to pay for economic incentives to lure new businesses.

Al.com reports Bentley made the remarks Wednesday at a workforce development summit in Washington County. He said the special session would come after the election in November.

Read more
Bond Sales
5:02 pm
Wed August 7, 2013

Alabama Sells News Bonds For Industrial Incentives

State officials are issuing $33 million in bonds to keep promises to new and expanding industries and refinancing nearly $140 million in old bonds to save $12 million.
Credit istockphoto

State officials are issuing $33 million in bonds to keep promises to new and expanding industries and refinancing nearly $140 million in old bonds to save $12 million.

Two state boards headed by the governor voted unanimously Wednesday to refinance $1.9 million in bonds sold in 2001 for improvements at state parks and $137.7 million in bonds sold between 2001 and 2005 to pay for incentives the state promised new and expanding industries.

Read more