Jobs Credit
Jobs Credit from the Alabama Department of Commerce incentivizes scientific, tech, and research-focused job creation and investment through payroll rebates, especially in targeted innovation sectors.
Funder: Alabama Department of Commerce
Due Dates: Rolling
Funding Amounts: Up to 3% annual rebate of previous year’s Alabama payroll (4% for targeted/jumpstart counties, tech, or medical/research projects); available for up to 10 years.
Summary: Payroll rebate incentive for qualifying companies creating new jobs and investing in Alabama.
Key Information: Enhanced rebates for projects in targeted/jumpstart counties, tech, or medical sectors; additional 0.5% for veteran hiring or BRAC sites.
Description
The Jobs Credit, administered under the Alabama Jobs Act by the Alabama Department of Commerce, is a payroll rebate incentive aimed at encouraging job creation and capital investment throughout Alabama. Eligible businesses can receive a cash rebate of up to 3% of the previous year’s gross payroll for Alabama resident employees, with the potential for a 4% rebate for projects located in targeted or jumpstart counties, technology companies, or those engaged in medical and research activities. The program supports economic growth by rewarding companies that expand Alabama’s workforce and economic landscape. Rebates are available for up to ten years, with additional incentives for hiring veterans and for projects located on former military installations.
