Kay Ivey on Budget & Economy
Accelerate Alabama economic development strategic plan
Sustainable job growth is the result of a vibrant economy with a strong manufacturing base. Lt. Governor Kay Ivey supports the Alabama Department of Commerce's Accelerate Alabama economic development strategic plan emphasizing the expansion of advanced
manufacturing through coordinated aggressive recruitment, retention and renewal efforts at the local and state level.
The key to Alabama's economic future relies on nearly a dozen business sectors represented by small and large companies, including
aerospace and defense, automotive, agribusiness, bioscience, information technology and distribution. Our most promising opportunity to develop long-term, sustainable economic growth is the continued expansion of our manufacturing base creating quality
high-paying jobs. Strong manufacturing investments are an important contributor to Alabama and our Nation's economy. Manufacturing is Alabama's largest employment sector and accounts for one in five jobs in the state.
Source: Alabama Lt. Gov. official website, "Initiatives"
, Apr 7, 2017
Reduce red tape to improve \business climate
Alabama continues to be recognized as one of the best states to do business; to help improve our business climate [we passed]:
Source: 2014 Alabama Lt. Governor campaign website KayIvey.org
, Oct 30, 2014
- The Red Tape Reduction Act requires each state agency to prepare an economic impact analysis prior to the adoption of
any proposed regulation that could have an adverse impact on small businesses.
- The 21st Century Workforce Act strengthened the state's investment in career technical education by making sure high school students across the state have access
to updated technology and equipment.
- The Alabama Future Workforce Initiative will provide opportunities for students across the state to gain the knowledge and skills they need to secure a job, while also providing financial incentives to ensure
these programs focus on training the workers needed to continue to grow Alabama's economy. This Act creates a $10 million scholarship program for high school students to participate in career-technical dual enrollment programs across the state.
Page last updated: Mar 20, 2019