“As a result of the great work being produced by the Alabama Innovation Commission, the Alabama Innovation Corp. will launch the state forward as a true competitor in a 21st Century economy.”
The commission, also known as Innovate Alabama, proposed the creation of the Alabama Innovation Corp. as part of its interim recommendations presented to the Legislature to develop and execute strategies that will drive innovation, entrepreneurship, and support talent attractions and retention in the state.
“HB 540 is the latest example of the meaningful, forward-thinking work being accomplished by the Alabama Innovation Commission,” said Greg Canfield, Secretary of Alabama Department of Commerce.
“This legislation would advance our economy in meaningful ways, creating more technology-based jobs and growth opportunities in all corners of the state,” added Secretary Canfield, who serves as an Innovate Alabama advisory council member.
State Sen. Greg Reed, vice chair of Innovate Alabama, said the Alabama Innovation Corp. represents “the latest example of how the state continues to develop solutions that will drive our economy forward.”
“The establishment of the Alabama Innovation Corp. will assist in our efforts to foster a more inclusive, robust and resilient economy across the state,” Reed said. “I look forward to collaborating with my colleagues in the Legislature to pass this impactful legislation.”