Port Of Mobile To Get Funds, Incentive

Gov. Kay Ivey has signed a $20-million investment in the Alabama State Port Authority for upgrades to the McDuffie Coal Terminal at the Port of Mobile into law, AL.com reports. The money is part of the $3-billion General Fund budget and will be used to upgrade the coal terminal from an import terminal to an export terminal, as reliance on thermal coal in the state wanes and demand for metallurgical coal, mined in the Tuscaloosa region, increases worldwide. In addition, Ivey signed House Bill 293, which expands the credits Alabama businesses can receive for using the ports in Alabama for cargo, into law. The bill changes the calculation of the incentive to factor in the net increase in the cargo volume moving through the port. The more a company increases cargo volume, the bigger credit it can receive per cargo unit. The new incentive law will take effect in 2024.

Read More

BBN-fallback

PRCA Mobile Project Benefits Feeding The Gulf Coast, Housing First

ALABAMA AEROSPACE & DEFENSE COUNCIL ESTABLISHED

Alabama Aerospace & Defense Council Established

Woods Named DRI Association...

Woods Named DRI Association Secretary-Treasurer

BALDWIN EMERGENCY PHYSICIANS STAFF NORTH BALDWIN INFIRMARY

Baldwin Eemergency Physicians Staff North Baldwin Infirmary

MMofA HOLIDAY MARKET, OPEN HOUSE ANNOUNCED

MMofA Holiday Market, Open House Announced

USA HEALTH LAUNCHES KIDNEY STONE CENTER

USA Health Launches Kidney Stone Center

BBN-fallback

Artists Market Coming To Orange Beach

METZGER NAMED CEO OF USA HEALTH PROVIDENCE HOSPITAL

Metzger Named CEO Of USA Health Providence Hospital

MOBILE INTERNATIONAL FESTIVAL IS THIS WEEKEND

Mobile International Festival Takes Place This Weekend

Subscribe to our weekly newsletter

Sign up here for free to get Bay Business News email newsletter every Friday.

By subscribing, you agree to our User Agreement and Privacy Policy & Cookie Statement.

Something went wrong. Please check your entries and try again.

Subscribe to our weekly newsletter

Sign up here for free to get Bay Business News email newsletter every Friday.

Please enter a valid email address.
Something went wrong. Please check your entries and try again.