Working In Eufaula

TAX INCENTIVES

  • CORPORATE INCOME

    • Corporate income tax rate is 6.5%
    • Based on the net taxable income of business done in Alabama
    • Businesses are permitted to deduct all of their federal taxes apportioned to Alabama
    Potential incentives include:
    • Net-operating loss carryforward
    • Pollution-control equipment deduction
    • Income tax capital credit
    • Basic skills educational tax credit
  • CAPITAL CREDIT

    • Available to qualifying all new and expanding companies and industries
    • Gives businesses up to 5% credit of capital costs
    • Can be applied to the Alabama income liability generated by the project income
    • Available annually for a maximum of 20 years
    For more information, see the Capital Credit Information section on the ADOR website.
  • FAVORED GEOGRAPHICAL AREA

    The Favored Geographical Area program provides capital credit incentives at lower investment rates ($500,000) and new employee (5) thresholds to companies located in Enterprise Zones and/or Less Developed Counties. For more information, see the Favored Geographic Area PDF from the Economic Development Partnership of Alabama (EDPA).
  • ENTERPRISE ZONE

    Additional incentives may be available to new and expanding companies through the Enterprise Zone program. This incentive includes up to $2,500 tax credit for each new permanent employee, as well as exemptions from income, sales & use, and business privilege tax liability.
  • BUSINESS PRIVILEGE

    • Based on a company's net worth in Alabama and the company's ability to pay
    • Rate ranges from $.25 to $1.75 for each $1,000 of net worth in Alabama
    Available incentives include:
    • Pollution control equipment deduction
    • Air carrier with hub operations deduction
  • STATE UNEMPLOYMENT

    • Employer requirement for the state unemployment tax is based on the first $8,000 of each employee's compensation
    • Rates vary from 0.5% to 5.4%
    • New employer rate is 2.7%
    • Rates are based on employer's experience rating
    • Employees do not contribute

BUSINESS ASSISTANCE

  • INDUSTRIAL REVENUE BONDS

    • Administered by local economic development organizations
    • Available for qualifying new and expanding companies
    • Can be used for land, building, and equipment purchases
    • Have lower interest rates and offer tax benefits
  • REVOLVING LOAN FUNDS

    • State program
    • Administered through local economic development organizations.
    • Provides gap financing for qualifying new and expanding industries that are creating new permanent jobs
    • Can be used for land, building, and equipment purchases, as well as working capital
  • CERTIFIED CAPITAL COMPANY PROGRAM

    • Open to qualifying businesses that are headquartered in Alabama or are moving their headquarters to the state
    • Administered by the Alabama Department of Commerce and provides alternative funding to conventional bank financing
    More information about this program can be found on the Alabama Department of Commcerce website.
  • USDA RURAL DEVELOPMENT

    The USDA provides business assistance programs, including grants and loans for those companies looking to develop in rural areas. More information about these programs, including grant and loan information, can be found on the USDA Rural Development – Alabama website.

SITE & INFRASTRUCTURE ASSISTANCE

Local municipalities are willing and able to apply for site preparation and infrastructure grants to assist new and expanding companies in Alabama.
  • Industrial Development Grant Program (Site Preparation)
    • Used for land and labor surveys, site preparation, and road construction projects
    • Based on amount of capital investment
  • Alabama Infrastructure Grant Program
    • Used to improve infrastructure on a site
  • Alabama Industrial Access Road and Bridge Program
    • Used to create industrial access to a site
    • Includes construction of roads and bridges
  • Grants from Alabama Department of Economic and Affairs

available commercial property

  • 115 SOUTH EUFAULA AVENUE

    13,651 SF Retail Building Offered at $80,000 in Eufaula, AL
    Built in 1868
    Central Downtown location

    Contact:
    James Murph
    United Country Murph Realty
    334.687.4900

    3 property
  • 423 SOUTH RANDOLPH STREET

    9,000 SF PROPERTY OFFERED AT $199,900 IN EUFAULA, AL
    BUILT IN 1990

    cONTACT:
    LINDA GRICE
    LAKE REAL ESTATE
    334.695.1131

    8 PROPERTY

    ADDITIONAL INFORMATION:
    Two large metal buildings on a corner of Hunter St and S Randolph Ave. One has 5000 Sq. ft. and the other building has 4000 sq. ft. Rogers Auto Service is currently operating in the larger building. A small office area is located to the left just inside the front entrance.
  • 115 COY PERDUE ROAD

    21.75 Acres of Commercial Land Offered at $149,000 in Eufaula, AL

    Contact:
    Mark Dennis
    Tom West Co., Inc.
    334.618.6331

    2 property
  • 204 & 206 EAST BROAD STREET

    9,800 sf COMMERCIAL BUILDING OFFERED AT $149,900 IN EUFAULA, AL
    BUILT IN 1940

    CONTACT:
    JACKLYN HERRING
    HERRING REALTY
    334.324.4136

    11 PROPERTY

    ADDITIONAL INFORMATIOn:
    Are you looking for the PERFECT location for your own business or investment property? THIS IS IT! This two story historic building houses 2 businesses on the first floor. One is currently rented office space/the other was retail space for Price Drug Co. Each business is approximately 2500 square feet. The second floor is approximately 4900 square feet consisting of 11 rooms Great potential!
  • 209 EAST BROAD STREET

    "The Garvey Building"
    12,000 SF Retail Building offered at $399,000 in Eufaula, AL
    Built in 1862
    Located in the heart of Downtown
    Restaurant Property type

    Contact:
    James Murph
    United Country Murph Realty
    334.687.4900

    4 property
    ADDITIONAL INFORMATION:
    The Garvey Building, circa 1870, in historic downtown Eufaula, AL, has been renovated into an amazing restaurant, bar, dining, kitchen & private dining facility. It is currently operated as River City Grill, the #1 restaurant in Eufaula since 2005. Restaurant lease & equipment convey with the building. The building has 2nd & 3rd floors waiting to be converted into whatever your dreams will allow. The additional floors have heart pine floors, fire places and pocket doors totaling 12,000 sq ft.
  • 143, 145, & 147 SOUTH EUFAULA AVENUE

    THREE COMMERCIAL UNITS TOTALING 3,010 SF OFFFERED AT $84,900 IN EUFAULA, AL
    BUILT IN 1868

    CONTACT:
    KATHY FREDRICKSON
    BAKER REALTY, INC.
    334.616.1940

    13 PROPERTY
  • 4175 HIGHWAY 431

    24.7 ACRES OF COMMERCIAL LAND OFFERED AT $225,000 IN EUFAULA, AL

    CONTACT:
    mARK dENNIS
    TOM WEST CO., INC.
    334.618.6331

    6 PROPERTU
  • 0 HUNTER STREET

    1,232 SF PROPERTY OFFERED AT $65,000 IN EUFAULA, AL
    BUILT IN 1945
    LOCATED NEXT TO PHIL'S BBQ

    CONTACT:
    MICHELLE HAWKINS
    THE EUFAULA AGENCY
    334.695.2840

    7 property
  • 224 EAST BROAD STREET

    COMMERCIAL BUILDING OFFERED AT $129,000 IN EUFAULA, AL
    BUILT IN 1862

    CONTACT:
    jEANIE TILLIS
    LAKE REAL ESTATE
    334.750.9800

    9 PROPERTY

    ADDITIONAL INFORMATION:
    Commercial Building - Great Location - Retail Office Space Currently being used as gift/antique shop - 6 offices - reception area - Bath w/ Shower - kitchenette - Building was remodeled approx. 12 years ago
  • 4200 HIGHWAY 431

    5 acres of commercial land offered at $149,000 in eufaula, al

    contact:
    mark dennis
    tom west co., inc.

    334.618.6331

    5 property
  • 221 EAST BROAD STREET

    15,561 SF COMMERCIAL BUILDING OFFERED AT $249,500 IN EUFAULA, AL
    BUILT IN 1872

    CONTACT:
    DAVID PATRICk
    CONNER-LAWRENCE REALTY
    334.687.2048

    12 PROPERTY

    ADDITIONAL INFORMATION:
    Only 4 story building in Eufaula. First floor has been completely redone. It includes an executive office, break room, conference room and 4 baths. First floor is set up as open commercial business space. Computer and phone lines are installed.
  • 1684 SOUTH EUFAULA AVENUE

    1600 SF COMMERCIAL PROPERTY OFFERED AT $350,000 IN EUFAULA, AL
    BUILT IN 1970

    CONTACT:
    LINDA GRICE
    LAKE REAL ESTATE
    334.695.1131

    14 PROPERTY
  • 133 SOUTH EUFAULA AVENUE

    3,300 SF Retail Building Offered at $40,000 in Eufaula, AL
    Built in 1868
    Central Downtown location

    Contact:
    james Murph
    United country murph realty
    334.687.4900

    1 property
  • 630 EAST BROAD STREET

    HISTORIC HOME SITTING ON 0.3 ACRES OF LAND OFFERED AT $185,000 IN EUFAULA, AL
    "THE WELLBORN HOUSE"
    BUILT IN 1837

    CONTACT:
    This email address is being protected from spambots. You need JavaScript enabled to view it.
    334.792.7474

    Property 15
Eufaula Barbour County
Chamber of Commerce
333 East Broad Street  
Eufaula | ALabama | 36027
334.687.6664