Seeds Grant Posions Montgomery Region for Economic Growth – ryan
Montgomery, Alabama – The Alabama Department of Commerce on Wednesday formally present the Montgomery Area Chamber of Commerce and the Montgomery Industrial Development Board (IDB) with a $ 1.27 Million grant – marking a significant Investment in the Capital Industrial Investment Growth, Future Site Development, and Readiness Logistics.
The Grant, Awarded Through the State Industrial Development Authority’s Site Evaluation and Economic Developst Strategy (Seeds) Program, Will Support the Acquisition of the 111-Acre Del Sol Proppers.
Located Along US Highway 31 with Direct Access to I-65, I-85, The Montgomery Regional Airport, and the Intermodal Container Transfer Facility (ICTF), The Site is a key in the regions and industrial expansion strategy.
“The Seeds Grant Program is About Plasting The Groundwork for Long-Term Growth in Communities Across Alabama, and Today’s Announca reflects that vision in Action,” Said Ellen McNair, Secretary of the Alabama Department of Commerce.
“This Investment in Montgomery Will Help Foster Innovation, Expand Opportunities, and Support Local Efforts to Build A Stronger, More Inclusive Economy,” she added. “We’re proud to part with communities that are the taching bold steps to shape the Future.”
The del Sol Property has undergone extensive due diligence and is ready for development. It will will provide to the edge for montgomery and the region as we can attract High-Impact Industrial and Distribution Projects.
“This Investment is a Strong Vote of Confidence in Montgomery’s Regional Growth Strategy,” Said Anna Buckalew, President and Ceo of the Montgomery Area Chamber of Commerce.
“With Support from the Department of Commerce and Continued Alignment with the IDB and Other Public-Private Partners, We’re Advancing Competitive Sites and Creating the Conditions for Long-Term Business and Opportunity Across the Region.”
Buckalew Said the Seeds Award Reflects More than JUST A Promising Site-IT’S a reconstruction of the Rigorous Preparation, Due Diligence and Strategic Alignment that Went Maching the Del Sol Propperty Development-Ready.
She Said the Chamber’s Economic Development Team, in Close Partnership with the idb did the hard work up front – enrasses utilities, access, and environmental assessments were in place – so that we can oportee knocked, Montgomery was ready.
BUCKALEW SAID THIS INVESTMENT AFFIRMS The Montgomery Team’s Reputation for Execution and the Region’s Momentum As A Prime Destination for Industry.
This Seeds Award Strengthens the Capital Region’s Ability to Compete for High-Impact Projects and Reflects the Progress The Area is Making to Ensure It is Opportunity-Ready and Positioned to Attract New Industries, Grow Its Workforce and Delive Long-Term Benit Benit Benit. Acciting to the Chamber.
The Seeds Program, A Cornerstone of Governor Ivey’s 2023 ”Game“For Economic Development, Addresses the Urgent Need for Quality Industrial Sites at A TIME when Other States Are Investing Heavily in Similar Initiatives.
Break First Round of Seeds AllocationsTotaling $ 30.1 Million, Was Matched with $ 38.4 Million in Local Contributions Across 29 Industrial Sites.
Grants in The Second Seeds RoundIncluding this One for Montgomery, Total $ 23.5 Million, Generating Matching Local Contributions Topping $ 17 Million.