Issue link: https://alabamapower.uberflip.com/i/1542671
$79,167,500 Alabama Incentive Scenario 3 Project Profile Potential Incentives Number of New Jobs Created 500 Estimated Avg. Wage $24/hr Total Capital Investment Made By Company $300,000,000 ➢ Real Property Cost $50,000,000 ➢ Manufacturing Equipment Cost $230,000,000 ➢ Nonmanufacturing Equipment Cost $20,000,000 Jobs Credit (Cash Rebate for up to 10 yrs) $7,488,000 Investment Credit (Tax Credit for up to 10 yrs)* $45,000,000 Sales and Use Tax Abatement** $11,344,500 Property Tax Abatement*** $12,430,000 AIDT/West AL Works (Cash) $360,000 AIDT/West AL Works Estimated (In-Kind) $2,545,000 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