Three entities are joining forces on what is being called a comprehensive strategy to recruit and support high-growth tech companies.
The Economic Development Partnership of Alabama (EDPA), in coordination with the Alabama Department of Commerce and Innovate Alabama, is another move at taking a program that began in Birmingham to companies statewide.
Its aim – to help both startups and small businesses grow, and to make Alabama known as a destination for innovation.
“Alabama puts founders first,” Jackson Pruett, EDPA’s director of technology company business attraction, said. Pruett was previously Hoover’s economic development coordinator.
“This strategy makes it clear that our state is ready to help startups thrive with tailored resources, accessible capital and a community that welcomes big ideas. Founders can scale their companies here while also enjoying a high quality of life.”
The strategy includes funding pilot programs between Alabama companies and growing startups, providing support, and using data to target growing companies.
Specifically, EDPA will use the Alabama Business Intelligence Center, its dedicated business research hub, to zero in on companies in the defense, biotech, mobility, forestry and advanced manufacturing sectors.
A year ago, EDPA acquired Birmingham Bound, a tech initiative founded by Shipt, for an undisclosed amount, with an eye to expanding it statewide.
Tech founders and their companies will receive “concierge-style support,” such as funding, mentorship and other assistance. The desired result will be not only helping companies, both big and small, to grow, but keeping their money and talents in-state.
Angela Smith, a senior project manager at the Alabama Department of Commerce who focuses on the tech sector, said the program shows Alabama “is not just competing – we’re innovating the way we attract and support startups.“
“Our strength lies in partnership, and this effort reflects our commitment to building a dynamic tech ecosystem where founders don’t just relocate, they scale and succeed,” Smith said.
EDPA is also looking for additional corporate partners to engage in conversations about ways to work with startups scaling in Alabama. For more information, contact Jackson Pruett at jpruett@edpa.org.