Build to Grow
Create growth opportunities in your community with us
Are you looking for development funding to build or renovate commercial properties in your area? Then, apply for Alabama Power's Build to Grow Program!
We established the Build to Grow Program in 1991 to create growth opportunities for Alabama communities. Program recipients receive funding to support the development of commercial buildings or sites. Our goal is to help your community attract expansion projects, new businesses, or new industries. Your community needs to be agile to meet the needs of new and existing businesses and industries. Our economic development team can help you compete in our state's ever-evolving economic landscape. We will work with you to set up your community for your next level of expansion and growth.
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Approval Process
We review Build to Grow Applications for development funding quarterly. Since we evaluate each application on a case-by-case basis, there is flexibility in the size and type of building. However, your application must meet the program's requirements to receive approval. Whether Alabama Power Company enters into a loan agreement depends on the priorities determined by an Alabama Power Company Executive Review Committee, application approval, and availability of funds. As bonds mature, additional funds may be made available.