Growing Ready Sites In Alabama
Handy Tech Group Inc.
Application & business problem solving experts of mechanical components sold to industrial OEM's in the Southeast
In February, Governor Kay Ivey announced that the Alabama State Industrial Development Authority (SIDA) had approved more than $30 million in grants under the new Site Evaluation and Economic Development Strategy Act (SEEDS) to speed the development of much-needed industry-ready sites across the state. This grant program — a key portion of the governor’s “Game Plan” package of economic development bills approved by the Legislature in 2023—takes aim at the urgent need for quality industrial sites in Alabama at a time when other states are spending heavily to expand their site programs.
“By enabling proactive site improvements that will minimize risk to future investment projects, these SEEDS Act grants will directly improve Alabama’s ability to compete for economic development projects on a national scale.”— Cedric Colbert, Senior Consultant, GLS
A total of $30.1 million in SEEDS funding will be matched with $38.4 million in local funds at 29 different industrial sites across the state, encompassing nearly 8,400 acres.
“SEEDS represents an important tool that will allow us to keep winning those economic development projects that trigger lasting impacts for Alabama citizens,” said Gov. Ivey. “The awarding of the first grants under the program represents a milestone in our efforts to make sure Alabama remains competitive for game-changing growth projects.”