Set sights with us on growing your community
Alabama Power Company’s Build to Grow Program was established in 1991 for the purpose to advance the construction of quality available buildings and sites within a community. With Alabama’s ever-evolving economic development landscape, it is imperative that we remain agile and adjust our program to align with the needs of prospective businesses and communities. Our team will work with you to ensure your community is set up for your next level of expansion and growth.
Approval process
Applications are reviewed quarterly. Each community’s application will be evaluated on a case-by-case basis, which will provide flexibility in regards to the size and type of building. Whether Alabama Power Company enters into a loan agreement depends upon the applicant meeting the requirements in the application, the availability of funds from a limited source, and the priorities determined by an Alabama Power Company Executive Review Committee. As bonds mature, additional commitments from the revolving fund will be made.
Community Impact
The Build to Grow Program was established to support a community’s growth opportunities in recruiting new business and industry or supporting expansion opportunities.
“Having a site is a big step, but having a spec building to show a company, really puts you at another level when competing to win an industrial project. We’re fortunate to have the Alabama Power Build to Grow program that helps communities like Sylacauga put our best foot forward with first-class properties.”