State Industrial Development Authority Approves $30 Million in SEEDs Grants

Published on 27 February 2024 at 11:07

GOOD NEWS: State Industrial Development Authority (SIDA) approves $30 million in SEEDs grants

“What a win for economic development in Alabama [Monday]. The approved SEEDs grants will help facilitate development in both urban and rural areas around our state. Site development is a multi-step process, and knowing sites are industry-ready can place Alabama at a competitive advantage over out-of-state competitors. The length of time it can take a company to complete construction and become operational is often significant factor in site selection criteria. Having completed geotechnical and environmental surveys funded through SEEDs grants, for example, can save businesses time and money in determining whether or not a particular parcel or area will work for a project. The grants will help state and local economic development authorities in knowing what types of companies they can recruit and be equipped with information for prospects.”


More here in Alabama Gazette:

Add comment


There are no comments yet.