Information for Developers
Downtown Decatur is centrally located in North Alabama, the fastest growing region in the state, making it a prime investment spot for developers.
Decatur is in a perfect location, located just 25 minutes from the City of Huntsville. central to cities east and west in North Alabama and within an easy drive of Nashville, Birmingham, and Atlanta. Investors and developers looking to invest in a smaller city (population just over 54,400) need to check out the many opportunities.
Top 5
reasons why Downtown Decatur is a top investment opportunity
Historic properties & land available for develop central to downtown
Consistent momentum in economic development & downtown culture
High demand for residential development
Support and incentive opportunities for developers
Proven success in development - Successfully executing the One Decatur Plan
Resources for Developers
North Alabama Revolving Loan Fund - NARCOG
The NARCOG Revolving Loan Fund is locally controlled to finance start-up and expanding businesses whose establishment results in job creation, private sector investments, and reduction of unemployment in North Alabama.
The Alabama State Historic Tax Credit Program
This program offers a tax credit against state tax liability to promote the preservation, rehabilitation, and development of historic structures. The credit must be applied for before construction starts.
Alabama State Entertainment Industry Incentives
Awarded by the Alabama Film Office, this incentive may include an income tax rebate and an exemption from the state portion of sales, use, and lodging taxes to entities producing entertainment content such as motion pictures, soundtracks, and documentaries.
Alabama Saves
Offered by the Alabama Department of Economic and Community Affairs (ADECA), this program finances energy-efficient projects for existing industries operating through one or more commercial/industrial facilities.
New Markets Tax Credits (“NMTC”)
This program allows allocatees to make investments in approved service areas in all 50 states. Organizations are able to search for Community Development Entities with available NMTC allocation authority remaining.
Historic Tax Credits (“HTC”)
Historic Tax Credits assist with the renovation of certified historic structures and buildings that are approved by the Alabama Historical Commission and constructed prior to 1936.