Proposed job incentive changes heading to AL legislature - WAFF-TV: News, Weather and Sports for Huntsville, AL

Proposed job incentive changes heading to AL legislature

Alabama uses bonds as incentives to attract industries and projects to the state. The change would transition to built-in incentives. (Source: WAFF) Alabama uses bonds as incentives to attract industries and projects to the state. The change would transition to built-in incentives. (Source: WAFF)
MONTGOMERY, AL (WAFF) -

Big changes could be coming to the way the state attracts new industry and jobs to the Alabama.

It's all part of a new economic plan outlined Wednesday morning by Governor Robert Bentley and his staff.

Alabama uses bonds as incentives to attract industries and projects to the state. The change would transition to built-in incentives.

The biggest incentive would rest with job creation. For example, a company would receive an incentive for every 100 additional jobs added to its workforce.

Another incentive would involve hiring veterans, and another still in locating industry in rural and underdeveloped areas.

"We're going to put special emphasis on rural areas and under-served areas," Bentley said Wednesday. "And also I made sure in this program we have a special emphasis on the hiring of veterans to work in industry in the state."

The new incentive program will be presented to the legislature as a multi-bill package.

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