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Economic Development

CARPDC’s main economic development activities include the development and updating of the Central Alabama Region Comprehensive Economic Development Strategy (CEDS) and managing of the Revolving Loan Fund (RLF).

 

CEDS

The CEDS is a document that establishes the priorities and needs for a Region. The Alabama Association of Regional Councils was commissioned by the U.S. Economic Development Administration to conduct a CEDS process within their twelve districts. The outcome of these processes was 12 CEDS documents. These documents while separately representing their individual Regions combine to paint a picture of the entire state’s economic priorities and needs.

 

You may download the Comprehensive Economic Development Strategy HERE

 

You may also want to look at the Statewide CEDS HERE

 

 

 

RLF

The Revolving Loan Fund (RLF) program enables CARPDC, in collaboration with a private lender, to financially assist small and medium sized businesses in Autauga, Elmore and Montgomery Counties. The RLF is designed to make loans to businesses whose start-up and expansion will result in the creation or retention of permanent jobs and the enhancement of private sector investments.

 

Additional information can be found in our RLF brochure HERE

 

The RLF application can be found HERE
(You will need to bring the completed application in to our offices to apply)

For further information regarding Economic Development please contact Greg Clark,

Text Box: Community Development
Text Box: Economic Development
Text Box: Natural Resource Management
Text Box: GIS
Text Box: Grant Writing
Text Box: Planning
Text Box: Weatherization

Recent Economic Development Projects

 

 

Total Capital Investment

 

Project Name

Total Jobs

Grant

GKN Aerospace Tallassee

463

$20,000

Utility Infrastructure

$500,000

Access Road

$1,200,000

TWB

38

$15,000,000

Utility Infrastructure

Autauga County

$200,000

 

Access Road

 

$900,000

Hanil, USA

98

$15,000,000

Utility Infrastructure

Tallassee

$900,000

 

Access Road

 

$1,000,000

Montgomery County Industrial

Park

31

$1,000,000

Utility Infrastructure

$200,000

Mobis Manufacturing

899

$115,000,000

Utility Infrastructure

$750,000

Pine Level

100

$5,000,000

Utility Infrastructure

Retail Development

$575,000

Tallassee Industrial Corridor

100

$2,000,000

Utility Infrastructure

$250,000