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Alabama s assets can help position state well for innovation economy
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Panel: Innovation imperative to Alabama s future success
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These new laws will help accelerate growth of Alabama’s innovation economy
By Alabama NewsCenter Staff
August 2, 2021
Alabama Gov. Kay Ivey hosted Thursday a bill signing ceremony for key innovation legislation. (Nik Layman / Alabama NewsCenter)
Alabama Gov. Kay Ivey hosted a commemorative bill signing ceremony July 29 for House Bill 540 and House Bill 609, two key pieces of innovation legislation passed during the 2021 state legislative session. These bills, recommended by the Alabama Innovation Commission, will drive inclusive innovation and shape the future of entrepreneurship in the state.
“Innovation is a key part of Alabama’s past, present and future,” Ivey said. “I’m thrilled to be celebrating the passage of forward-thinking legislation, which will enable sustained growth for Alabama’s businesses. I applaud the commission’s work and their leadership, which will continue to advance the state and drive a diverse, resilient economy.”
Governor Ivey Signs Five Bills into Law on Thursday
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Alabama creates new innovation corporation
By Dennis Washington
May 18, 2021
The Alabama Innovation Corporation will be tasked with making the state a hub for technology and innovation. (contributed)
The state of Alabama has created a new innovation corporation to support statewide entrepreneurship, rural businesses, research and development at existing companies, and access to advanced technical skills that will drive a future workforce.
Monday, Gov. Kay Ivey signed HB 540 and HB 609 into law, which establishes the Alabama Innovation Corporation (AIC) and creates a matching grant program for small businesses. The bills, which the Alabama Legislature approved May 6, task the AIC with making the state a hub for technology and innovation and supporting initiatives, projects and activities that will enhance this growth for the entire state.