RPCGB Receives Job Creation Funds

The State of Alabama Department of Finance announced in mid-November that economic development agencies across the state, including the RPCGB, will each receive a share of $12 million for job creation in their respective regions. The Alabama Revolving Loan Fund Authority met and issued bonds for the money that will be used to provide funds to twelve area agencies. The taxable bonds were sold by competitive bid to Protective Securities, a division of ProEquities, with a true interest cost of 5.416804%.

 

The twelve agencies that will be receiving funds from the $12 million bond issue include:

• Northwest Alabama Council of Local Governments, Muscle Shoals 
• West Alabama Regional Commission, Northport 
• The Regional Planning Commission of Greater Birmingham, Birmingham
• East Alabama Regional Planning and Development Commission, Anniston 
• Central Alabama Regional Planning and Development Commission, Montgomery
• Southeast Alabama Regional Planning and Development Commission, Dothan 
• South Alabama Regional Planning Commission, Mobile 
• Lee-Russell Council of Governments, Opelika
• North Central Alabama Regional Council of Governments, Decatur 
• Top of Alabama Regional Council of Governments, Huntsville 
• Alabama-Tombigbee Regional Commission, Camden
• South Central Alabama Development Commission, Montgomery

The RPCGB will receive approximately $1 million to be allocated to the expansion of businesses in its region.  Businesses that are eligible for funding include manufacturing, industry, health care and technology.  Contact Yvonne Murray at ymurray@rpcgb.org for more information.