Innovate Alabama Tax Credit Program

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 Credits
  EDOs can receive tax credits for supporting innovative projects
• 📅Long-term Designation
  EDO 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 Region

Alabama, USA

Target Sector

Technology and innovation sectors