Bill > HB372

This bill creates the Alabama Growth Alliance, a public-private partnership aimed at enhancing Alabama's long-term economic development efforts. The key provisions include: - Establishing the Alabama Growth Alliance as a public corporation governed by a board of public and private sector leaders, including the Governor, Secretary of Commerce, legislative leaders, and appointees from the private sector. - Granting the board authority to provide input and support on the state's economic development vision, strategies, and objectives, as well as review and recommend improvements to key economic development incentives. - Allowing the board to enter into agreements with other economic development entities to leverage expertise and resources. - Exempting the corporation from certain state procurement and transparency laws, while still requiring regular reporting to the Legislature. - Enabling the board to amend the corporation's application or dissolve the entity through majority or three-quarters votes, respectively. The goal is to leverage public-private collaboration to ensure Alabama's economic development efforts remain sustainable, innovative, and competitive in the long-term.

Business and Industry

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