Businesses
Government-funded
Varies
Amount varies
Tax Credit
Reduces tax liability
Rolling
No fixed cutoff
Annual tax return
Claim with year-end filing
Moderate
File with tax return
Alabama's primary economic development incentive — provides income tax credits based on capital investment and jobs created. The Jobs Act replaces the prior CAPCO and Industrial Development Grant programs with a streamlined, flexible credit structure.
Do I qualify?
Answer the questions below for a rules-based self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Minimum capital investment: $2 million (manufacturing) or $500,000 (services)
2.New jobs must pay at least 110% of county average wage
3.10-year credit period at up to 4% of annual investment
4.Project must be approved by Commerce and Governor's office before commitment
5.Annual jobs and wage reporting required
LPO · United States
Offers federal loan guarantees for innovative clean energy projects that struggle to access conventional financing. Supports first-of-kind commercial-scale projects in renewable energy, storage, advanced nuclear, and industrial decarbonization.
NCDOR · North Carolina
Provides state income tax credits for investments in renewable energy equipment and energy efficiency improvements for business properties in North Carolina, stackable with federal ITC.
CDFI Fund · United States
Attracts private investment into low-income communities by allowing investors to receive a 39% federal tax credit over 7 years on investments made through certified Community Development Entities (CDEs).