FINANCIAL INCENTIVES & ASSISTANCE

TAXES AND INCENTIVES

Several tax incentives are available for existing industries, expanding industries, and new industries locating in Alabama. Tax incentives are created and administered under the Alabama Constitution of 1901 and the Code of Alabama 1975.​  These incentives were created as a marketing and recruitment tool encouraging investment and employment opportunities in Alabama.  For more information  on available incentives click on the button below to be redirected to information on that incentive.

LOANS & GRANTS

Loan and grant opportunities may be available through programs offered by SBA and USDA.

INDUSTRIAL REVENUE BOND FINANCING

Industrial Revenue Bond Financing is a special method of financing in which a municipal entity, such as the Geneva Industrial Development Board, issues bonds to finance the acquisition of real property, construction or renovation of facilities, or the purchase of equipment and machinery for eligible businesses. IDB bonds may be taxable or tax‑exempt under certain circumstances.