Growth Alliance supports Alabama Development Fund to supercharge economic development with no new taxes
5 Feb 2025
News
Commerce Secretary Ellen McNair today announced that the Alabama Growth Alliance, a public-private partnership dedicated to advancing the state’s economic priorities, has endorsed the creation of the Alabama Development Fund to provide a source of sustainable funding for economic development without increasing taxes or cutting existing programs.
Secretary McNair said the Alabama Development Fund would allow the state to remain competitive by providing new funding for rural development, international business development offices, global marketing, new quality-of-place initiatives and infrastructure improvement programs without impacting the state budget.
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