THE SHOALS-In 2007, the local community created the Shoals Economic Development Fund (SEDF) as an aggressive financial mechanism used for delivering inducements that allow innovative strategies that can reduce up-front private investment risks. The SEDF is designed to encourage and promote economic growth in Lauderdale and Colbert counties. Through the recommendation of the Shoals Economic Development Authority (SEDA) Board and the approval of the Shoals Industrial Development Committee (SIDC), funds can be made available for the inducement of new manufacturing and industrial related businesses and the expansion of existing industries within the Shoals.
At the September 27, 2016 SEDA Board of Directors meeting, applications for both SEDF and Employment Growth Program reimbursement were presented and unanimously approved. The following Shoals companies combined will hire 191 full-time employees and be eligible for up to $390,000:
Media Release/Shoals Economic Development Authority
