Issue link: https://alabamapower.uberflip.com/i/1542671
Alabama Incentive Scenario 1 Project Profile Potential Incentives Number of New Jobs Created 75 Estimated Avg. Wage $20/hr Total Capital Investment Made By Company $50,000,000 ➢ Real Property Cost $10,000,000 ➢ Manufacturing Equipment Cost $30,000,000 ➢ Nonmanufacturing Equipment Cost $10,000,000 Jobs Credit (Cash Rebate for up to 10 yrs) $936,000 Investment Credit (Tax Credit for up to 10 yrs)* $7,500,000 Sales and Use Tax Abatement** $2,269,500 Property Tax Abatement*** $2,098,800 AIDT/West AL Works (Cash) $54,000 AIDT/West AL Works Estimated (In-Kind) $830,000 $13,688,300 *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 Estimated Value of Incentives