§ 11-66A-2 — Legislative Findings and Intent

(a) The Legislature finds and determines the public good, welfare, and economy of the state are best served by providing and encouraging the development, growth, improvement, and support of new and creative economic opportunities for existing and future qualified enterprises to establish and continue projects in this state for innovative processes and products. These include specifically those business sectors expressly identified in Accelerate Alabama 2.0, the strategic economic development plan developed by the Department of Commerce.
(b) In furtherance of subsection (a) the legislative intent and public purpose of this chapter is:
(1) To provide authority to municipalities for the creation of research and development corridors with corporate authority and power to provide, in the discretion of the corridors, its resources; and
(2) To provide authority to public entities to provide public resources to, or for the benefit of, corridors.

Legislative History

(Act 2024-308, §2.)