Ozark-Dale County Values Business Retention and Expansion
What’s the best part about locating and growing your business in Ozark-Dale County? We want you here and are eager to assist! Ozark-Dale County Economic Development Corporation (ODEDC) works to support your business through education opportunities and connection to resources. We assist with:
- Business Planning
- Discovering Financial Resources
- Location Assistance
Entrepreneurs, please check out our Ozark Technology Center For Developing Industry, known as “The Incubator.”
Lunch and Learn & More
Our Lunch and Learn series brings in experts to cover topics such as hiring practices and recruitment. We partner with the Alabama Small Business Development Center at Troy University and Grow Southeast Alabama to bring you the resources you need. We’ll help you explore all of your options and provide a warm handoff.
Companies can apply for grants, loans, and other assistance programs available through federal, state, and local government sources. Additional programs are funded by private providers, such as local foundations. Assistance may be available to municipalities for site preparation, infrastructure projects, and project financing. Let us show you what is available.
Alabama Jobs Act Incentives are Enhanced in Dale County
Alabama’s primary incentives platform can provide projects with a tax credit for qualified capital investment expenses and an annual cash rebate for payroll expenses for job creation. Dale County is a designated “Targeted County,” and as such, enhanced incentives are possible.
City of Ozark
When investing in Ozark properties, tax abatement and rebate incentives are part of an overall strategy to leverage investment and lower the cost of doing business for property owners. All incentives are subject to funding availability and final approval by the City of Ozark.
As an Enterprise Zone, Dale County has additional incentives that may be available to new and expanding companies through this program.
- Credit based on income tax liability from Enterprise Zone Project Operations
- Credit for new capital investment
- Company may claim a credit of up to $1,000 per new permanent employee for training in new skill areas
- Exemptions from sales and use tax on purchases of construction-related materials, machinery, and equipment used in the zone
- Exemption from income tax for five years
Foreign Trade Zone Program
Dale County falls under the General Purpose Foreign Trade Zone Number 233. The zone designation offers:
- No duty on value-added
- No duty on re-exports
- No duty payment on damaged goods tariffs
- Relief from inverted tariffs
- Improved cash flow
- No duty on government and government-related sales
Dale County is designated a HUBZone. The Small Business Administration's HUBZone program has contracting assistance available, including:
- Competitive and sole-source contracting
- 10 percent price evaluation preference in full and open-contract competitions
- Subcontracting opportunities
Made in Alabama
To welcome companies from all around the globe, Alabama offers business incentives and custom tax packages, a peerless workforce, prime real estate — and supportive hospitality. Explore what the state has to offer at Made in Alabama.
Programs include Job-Creation Tax Credit, Investment Tax Credit, Workforce Development Services, Tax Abatements, Apprenticeship Tax Credit, Growing Alabama Credit, and Port Credit. Because Dale County is a designated “Targeted County,” some incentives are enhanced.
Opportunity Zones — created by the new Tax Cuts and Job Act — are designed to spur economic development in less-developed and under-invested communities by providing tax benefits to investors. In Alabama, the Governor’s Office, with the help of the Alabama Department of Economic and Community Affairs (ADECA), identified and selected 158 Opportunity Zones from the qualifying tracts.
Now is a perfect time to invest in Dale County’s Opportunity Zone because capital gains taxes on earnings from many types of investments can be deferred until December 31, 2026.
USDA Rural Development
The USDA provides business assistance programs, including grants and loans for those companies looking to develop in rural areas. More information about these programs, including grant and loan information, can be found at USDA Rural Development – Alabama.