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Expand or Relocate to Alabama
      

Alabama Business Data

Relocate or Expand to Alabama

AL business climate, manufacturer incentives, and advantages of local communities

Business Data for Alabama


Population
4,708,708

Total Labor Force
2,152,272

Unemployment Rate
3.8%

# Manufacturers
4,697

Manufacturing Jobs
280,152

Right to Work
Yes

Unemp. Insurance Tax
2.15–8.30%


Manufacturing stats updated on 3/6/2018. All other data updated on 11/13/2017. IndustryNet is not responsible for errors or omissions.
 
Corporate Income Tax
6.50%

Sales Tax
Graduated: 1.5% for manufacturing and farm machinery; 2% for automotive vehicles; 3% for food sold through vending machines; 4% for all other items. Exemptions include: Raw materials used by manufacturers; pollution control equipment.; water used in industrial manufacturing in which 50% or more is used in industrial processing; exclusions for utility services used in certain types of manufacturing processes.

Property Tax
Limits millage rate to 6.5 mills or $6.50 for every $1,000 in assessed value. Business property, both real and personal is taxed on 20% of Fair Market Value. Exemptions include: All tangible personal property being warehoused for shipment outside of state; inventories and goods-in-process; pollution control equipment.

Leading Mfg. Industries
(by # of employees)
17% Transportation equipment
12% Food and kindred products
10% Fabricated metal products
8% Industrial machinery and equipment
7% Lumber and wood products

Largest Mfg. Employers
(by # of employees)
Honda Manufacturing of Alabama, LLC (Lincoln) - 4,500
Austal USA (Mobile) - 4,000
Mercedes-Benz US International, Inc. (Vance) - 3,000
Hyundai Motor Mfg. Alabama, LLC (Montgomery) - 3,000
Warrior Met Coal, LLC (Brookwood) - 2,698
 
Counties with the Most Mfg. Jobs
Jefferson - 46,006
Madison - 29,608
Mobile - 25,962
Montgomery - 18,030
Tuscaloosa - 17,445

Cities with the Most Mfg. Jobs
Birmingham - 34,531
Huntsville - 24,189
Montgomery - 17,503
Mobile - 17,389
Decatur - 10,479

Mfg. Related Business Incentives
• Income Tax Capital Credit
• Enterprise Zone Tax Credit/Exemption
• Alabama Industrial Development Training (AI)
• Alabama Technology Network (ATN)
• Industrial Development Grant Program (Site Preparation)
• Industrial Access Road & Bridge
• One-Stop Environmental Permitting
• Industrial Revenue Bonds (IRBs)
• Economic Development Revolving Loan Funds
• TVA Economic Development Loan Fund
• Community Development Block Grant/Loan Program
• Appalachian Regional Commission and Delta Regional Authority Grants
• USDA Rural Development in Alabama (grant and loan program)

Economic development agencies, chambers of commerce, and other organizations & businesses available to assist with your relocation to or from Alabama

Topeka, KS
Striving to recruit new business & help companies expand in Kansas
Are you an economic development agency, chamber of commerce, or other organization in the business of helping companies relocate or expand? List your organization here and connect with growing businesses!
 
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