Fuel for Relocation
Tax and Incentives
Alabama is committed to the promotion and maintenance of a competitive business climate. The state has developed one of the most aggressive tax incentive programs in the nation for new and expanding industry. The Department of Revenue administers several tax incentives for existing industries, expanding industries and new industries locating to Alabama. Alabama tax incentives are created and administered under the Alabama Constitution of 1901 and the Code of Alabama 1975. The statutory basis for Alabama tax incentives gives industry a stable framework for long-term investment. To learn more, visit http://www.edpa.org/location-assistance/taxes-incentives/.
Power and Utilities
Power in Huntsville and the surrounding seven-state region is provided by Tennessee Valley Authority, the largest government-owned power provider in the U.S. TVA delivers reliable, competitively priced electricity to homes and businesses at an average retail price that ranks 39th lowest among the nation’s 100 largest utilities. Additionally, TVA invests in communities and businesses to foster job growth and retention with financial and technical assistance, economic development incentives, and a multimillion dollar revolving loan program, designed to stimulate investment and job creation in the TVA region. HudsonAlpha has a close relationship with TVA, and energy-saving components at the Institute reduce energy and water consumption by 25% (compared to typical lab facilities).