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Govenor: ADECA Seeks Public Input

7/17/2019

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​ADECA Seeks Public Input on Opportunity Zones and Alabama Incentives Modernization Act

Picture
MONTGOMERY – Governor Kay Ivey on Wednesday encouraged Alabamians to respond to the Alabama Department of Economic and Community Affairs’ request for public input and recommendations relating to Opportunity Zones.
ADECA is formulating a process regarding Opportunity Zones to implement the Alabama Incentives Modernization Act, which recently passed the Alabama Legislature and was signed by Governor Ivey. The act provides 

...tax incentives and tax credits to attract new and expanding businesses in the state. As the first step in this process, the agency is requesting input from state and local officials, experts in relevant areas, and affected stakeholders in the private and public sector.

“Since taking office, cultivating Alabama’s economy has been a top priority for my administration,” Governor Ivey said. “I was pleased to sign the Alabama Incentives Modernization Act, an act that has the potential to boost economic growth in every one of Alabama’s 67 counties. I look forward to Alabamians capitalizing on Opportunity Zones and propelling this state’s growth.”
The Opportunity Zones program is an economic development program established by the federal Tax Cuts and Jobs Act of 2017 to foster private-sector investments in low-income rural and urban areas. In April 2018, the U.S. Treasury Department approved 158 Opportunity Zones in Alabama. There is at least one zone in each of Alabama’s 67 counties.
“ADECA encourages all interested parties to provide input to help us ensure that Alabama sees the maximum benefit from this program,” ADECA Director Kenneth Boswell said.
The deadline for responses and feedback is July 26 at 5:00 p.m. Details can be found here: http://adeca.alabama.gov/about/Pages/Requests-for-Information.aspx
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  • Home
  • Events
    • Covid-19 Athens-Limestone AL >
      • Covid-19 Restaurant List
    • Event Calendar
    • Annual Events >
      • Haunt Walks
      • Ghost Tour
      • Christmas Cheer
      • Storytelling Festival
      • Ardmore Car Show
      • North Pole Stroll >
        • 2020-ANPS
      • 9/11 Heroes Race
      • Fishing Tournament
  • Plan Your Visit
  • Lodging
    • Bed and Breakfast
    • Camp Grounds
  • Restaurants
  • News Blog
    • alabama200 >
      • Limestone Co 200
    • Photos >
      • Limestone 200 kick off
      • Fiddlers 2016
      • Elkmont Christmas parade
      • Athens-Christmas-Parade
  • Community Resources
  • Contact Us
    • Visitor Center Meeting Room
    • Visitors Guide >
      • About Athens-Limestone
    • Lend a Helping Hand
    • National Travel & Tourism Week
    • Our Twin City