Issue link: https://alabamapower.uberflip.com/i/1542671
Alabama Incentive Scenario 2 Project Profile Potential Incentives Number of New Jobs Created 250 Estimated Avg. Wage $22/hr Total Capital Investment Made By Company $150,000,000 ➢ Real Property Cost $30,000,000 ➢ Manufacturing Equipment Cost $100,000,000 ➢ Nonmanufacturing Equipment Cost $20,000,000 Jobs Credit (Cash Rebate for up to 10 yrs) $3,432,000 Investment Credit (Tax credit for up to 10 yrs)* $22,500,000 Sales and Use Tax Abatement** $6,267,500 Property Tax Abatement*** $6,296,400 AIDT/West AL Works (Cash) $180,000 AIDT/West AL Works Estimated (In-Kind) $1,540,000 $40,215,900 Estimated Value of Incentives *Can be applied to corporate liability taxes and electric rates **Construction materials and initial equipment purchase ***Real and Personal property for up to 10 yrs