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Innovate Alabama Tax Credit Program
Grant
About
The Innovate Alabama Tax Credit Program offers economic development organizations in Alabama the opportunity to apply for tax credits by supporting innovative projects, with a structured application process and long-term designation benefits.
Benefits
- 💰Tax CreditsEDOs can receive tax credits for supporting innovative projects
- 📅Long-term DesignationEDO designation remains active for three years if eligibility is maintained
Eligibility Criteria
- Must be an economic development organization (EDO)
- Must submit a project application
- Must maintain good standing to keep EDO designation
Participation Commitments
- EDOs must complete reports as outlined in the funding agreement
- EDOs must apply for designation and then submit a project application
Target Sector
Technology and innovation sectors
Target Location
Alabama, USA
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Innovate Alabama