Alabama Newscenter — Legislation Would Establish Alabama Innovation Corporation

The complete article can be found at AlabamaNewsCenter.com.

By Alabama NewsCenter Staff

The Alabama Innovation Commission, also known as Innovate Alabama, presented to the state Legislature House Bill 540, introduced by Rep. Bill Poole, which proposes the establishment of the Alabama Innovation Corporation. Sen. Greg Reed introduced Senate Bill 338 this week.

If the legislation becomes law, the Alabama Innovation Corporation will act as a public-private partnership to promote specific initiatives to support statewide entrepreneurship, rural businesses, research and development at existing companies, and access to advanced technical skills that will drive a future workforce.

“HB 540 is the latest example of the meaningful, forward-thinking work being accomplished by the Alabama Innovation Commission,” said Greg Canfield, Alabama commerce secretary and an Advisory Council member for the commission. “This legislation would advance our economy in meaningful ways, creating more technology-based jobs and growth opportunities in all corners of the state.”

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