Bill > SB252

This bill establishes the Alabama Growth Alliance, a public-private partnership to supplement the state's existing economic development efforts. The key provisions include: - Creating the Alabama Growth Alliance as a public corporation separate from the state, governed by a board of public and private leaders. - Tasking the board with providing input and support on the state's long-term economic development vision and strategies, coordinating with state agencies and other stakeholders, and evaluating the effectiveness of key economic development incentives. - Allowing the board to enter into contracts, agreements, and other arrangements with public and private entities to assist with strategic planning and analysis. - Exempting the board from certain state procurement and transparency laws to enable more flexibility in its operations. - Requiring the corporation to submit annual reports to the legislature on its activities. The bill aims to leverage private sector expertise and support to enhance Alabama's economic development efforts and ensure the state's long-term economic success and competitiveness.

Budget and Finance, Business and Industry

https://alison.legislature.state.al.us/bill-search