HAMILTON — Economic development projects in Hamilton and Cullman are among 15 statewide to share more than $25.9 million in Growing Alabama funding, Gov. Kay Ivey announced.
Ivey made the announcement following her speech Monday to the Economic Development Association of Alabama.
The allocations, made by the Renewal of Alabama Commission, are part of the 2025 Growing Alabama program, which authorizes up to $26 million in funding this calendar year. Over 27% of this year’s allocations were awarded to Targeted Counties, a key focus area in the state’s strategic plan for stimulating growth in rural areas.
“Growing Alabama is one of the most effective tools we have to strengthen our economic foundation and prepare communities — both large and small — for future growth,” said Ivey. “These investments are paving the way for high-quality jobs, business expansion and long-term prosperity across every corner of our state.”
The area projects are:
- City of Hamilton – $1.47 million: Hamilton I-22 Industrial Park
- City of Cullman – $750,000: Frank Research and Technology Park
The projects supported through this year’s funding include critical site development and public infrastructure improvements designed to enhance the competitiveness of industrial parks and strategic assets statewide.
The Alabama Department of Commerce administers the Growing Alabama program.
“The Growing Alabama program continues to deliver real results for Alabama communities,” said Commerce Secretary Ellen McNair. “This funding allows local leaders to fast-track site preparation and compete for game-changing economic development projects.
“It’s a smart, strategic investment in Alabama’s future.”
Don’t miss out! Subscribe to our email newsletter to have all our smart stories delivered to your inbox.
