Governor Kay Ivey announced a significant advance in Alabama's economic development strategy by unveiling the allocation of $30 million in grants under the Site Evaluation and Economic Development Strategies Act (SEEDS). This funding is a cornerstone of the Governor's “Game Plan” to accelerate industry-ready site readiness across the state in response to a competitive national environment in which states are aggressively expanding their site development programs. The purpose is
The SEEDS initiative is allocating $30.1 million in grants, supplemented by $38.4 million in local funds, to enhance 29 industrial sites across approximately 8,400 acres. “SEEDS is an important tool that allows us to continue winning economic development projects that have a lasting impact on Alabamians,” Governor Ivey said, emphasizing the strategic importance of the program.
Today, SIDA approved a series of grants. These include 14 site evaluation grants totaling $1.1 million for environmental and geotechnical studies in communities such as Ashland and Montgomery, and 15 for infrastructure, land purchase, and site preparation. development grants totaling $29 million. Areas like Jasper and Mobile.
Alabama Department of Commerce Secretary Ellen McNair emphasized the urgency of this effort, saying, “We have had tremendous success in economic development during Governor Kay's term. So successful, in fact, that “I realized that the economy was lacking,” he said. developed site. ”
Implementation of the SEEDS Act, facilitated by EDPA and GLS, represents a positive step toward increasing Alabama's industrial competitiveness. “These SEEDS Act grants will help us compete in economic development projects nationwide by enabling aggressive site improvements that minimize risk to future capital projects,” said Cedric Colbert of GLS. “It will directly improve Alabama's ability to
State Senate President Pro Tempore Greg Reed and House Speaker Nathaniel Ledbetter agreed that the SEEDS Act is critical to Alabama's economic future. Reed emphasized that “Alabama is a great place to develop and grow a business in the nation,” and Ledbetter provided the tools Alabama needs to compete effectively on the national stage. He pointed out the role of this law in ensuring that
This ambitious initiative marks a new chapter in Alabama's economic development, strengthening the state's industrial infrastructure, increasing its attractiveness to significant economic development projects, and ensuring a prosperous future for communities across the state. I promise to do it.
