The Alabama Veterans and Rural Jobs Act would add provisions to the Alabama Jobs Act.
For companies receiving the Jobs Act Incentives that employ veterans as at least 12 percent of their workforce, the companies would receive an additional jobs credit of 0.5 percent of wages paid to veterans.
For companies locating in rural counties, the minimum new jobs requirement would be lowered, the jobs credit would be 4 percent, and, in certain cases, the investment credit would be available for an additional 5 years.
The bill would allow the State Industrial Development Authority to make loans for site preparation in rural counties. A $20 million fund would be established.
Source: Alabama Legislature