Last week, Alabama Gov. Kay Ivey announced more than $23 million in Site Evaluation and Economic Development Strategy (SEEDS) Grants had been approved with the City of Troy being among those receiving a grant. 

SEEDS Grants support industrial site development in major cities as well as rural communities. The program was designed to enhance Alabama’s competitiveness in securing larger projects by addressing the need for development-ready industrial properties. 

“SEEDS was launched to be an important tool that supports our strategic efforts to secure high-impact economic growth projects that make a real difference in the lives of our citizens and in the future of communities around the state,” said Ivey. “Though it was launched just last year, SEEDS is already delivering major benefits by ensuring we remain competitive for these projects, and I’m confident this second round of allocations will deliver even more big wins for Alabama.”

A total of 29 grants were approved for a combined $23.5 million in funding. The SEEDS allocations will be matched by local contributions. According to Made in Alabama General Counsel Erika McKay, the City of Troy was approved for a site assessment grant in the amount of $44,942.46. The grant was awarded to Troy to perform site assessment work including a Geotechnical report, a Phase I environmental study, Phase II study if necessary, wetlands assessment, ecological study and cultural and historical assessment. 

“By investing in site readiness, we’re not just preparing land — we’re preparing communities for long-term economic success,” Alabama Department of Commerce Secretary Ellen McNair said. “This latest round of SEEDS funding will help cities and rural communities alike attract transformative industries, creating opportunities that will benefit Alabamians for generations. At the same time, we are keeping a close watch on industrial site demand and working with local partners to ensure Alabama stays ahead of the curve.”

SEEDS Grants are administered by the Economic Development Partnership of Alabama. Another round of SEEDS funding is expected to be announced after the Alabama Legislature passes this year’s budget. Ivey requested an additional allocation of $20 million for the program as part of her budget request.