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Federal Incentives

Federal Incentives

New Markets Tax Credit (NMTC) rewards investors for supporting our community. The NMTC allows both individual and corporate investors to receive a substantial tax credit against federal income tax obligations in exchange for making equity investments in Community Development Entities (CDEs), which provide capital to designated areas of Monroe County. The credit totals 39 percent of the original investment amount and is claimed over a period of seven years (five percent for each of the first three years and six percent for each of the remaining four years).

Foreign Trade Zone (FTZ) assures global industry of maximum ease and cost-effectiveness in the flow of goods and materials, which is why Monroe County is ready to provide a sub-zone for companies that require it. The FTZ allows your operation to:

  • Reduce, defer or eliminate duties: Drive down costs of component parts, exported goods and material that is scrapped, wasted or consumed in the manufacturing process. Companies can also eliminate duties on sales to the U.S. Department of Defense and government entities such as NASA.
  • Slash paperwork and processing costs: Eliminate weekly entry fees.
  • Make efficient zone-to-zone transfers.

Monroeville

Monroeville/Monroe County
Economic Development Authority

15 N. Mount Pleasant Ave.
Monroeville, AL 36460

Phone: 251-743-1332
Fax: 251-743-2012

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Did You Know?

Monroeville is known worldwide as the “Literary Capital of Alabama.”  Did you also know we are home to North America’s largest producer of mass market pulp?  Or that Gate Precast in Monroeville has been the architectural precast manufacturer of more than 50% of Atlanta’s skyline?  Or finally that we have more than 17 times the US average for counties our size of people working in the Long Distance Freight Trucking industry?

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