Montgomery IDB receives $1.27 million SEEDS grant

The Montgomery Area Chamber of Commerce and the Montgomery Industrial Development Board (IDB) was presented with a $1.27 million SEEDS grant to acquire the Del Sol property for industrial development. 

According to a press release on Thursday the grant was awarded through the State Industrial Development Authority’s Site Evaluation and Economic Development Strategy (SEEDS) program to acquire the 111-acre property located along U.S. Highway 31 and has access to I-65, I-85, the Montgomery Regional Airport, and the Intermodal Container Transfer Facility (ICTF). 

“The SEEDS grant program is about planting the groundwork for long-term growth in communities across Alabama, and today’s announcement reflects that vision in action,” said Ellen McNair, Secretary of the Alabama Department of Commerce.

“This investment in Montgomery will help foster innovation, expand opportunities, and support local efforts to build a stronger, more inclusive economy. We’re proud to partner with communities that are taking bold steps to shape their future.”

The press release stated that the property has undergone "extensive" due diligence and is ready to be developed. 

“This investment is a strong vote of confidence in Montgomery’s regional growth strategy,” said Anna Buckalew, President and CEO of the Montgomery Area Chamber of Commerce. “With support from the Department of Commerce and continued alignment with the IDB and other public-private partners, we’re advancing competitive sites and creating the conditions for long-term business growth and opportunity across the region.”