Governor Ivey signs ‘Powering Growth’ plan to energize future economic gains

Governor Kay Ivey on Wednesday signed into law comprehensive legislation designed to solidify accelerate economic development and address potential critical energy infrastructure supply chain vulnerabilities across Alabama.

The “Powering Growth” plan includes the establishment of the Alabama Energy Infrastructure Bank, a strategic plan to mitigate long lead times for crucial energy equipment and streamlined permitting processes mirroring recent federal initiatives signed by President Trump to support economic development projects.

“In order to keep Alabama’s economy growing, we’ve got to make sure that we have the power to support it,” Governor Ivey said. “That’s what Powering Growth is all about — making sure our energy infrastructure is robust enough to meet the demands of new industries, new jobs and a stronger future.

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