Economic Impact

April 22, 2013

The Shoals Entrepreneurial Center has proven to be a major part of the Shoals area economic development team. Since 1992, the SEC incubator network has incubated more than 150 businesses and created more than 1,500 jobs. A study conducted by the University of North Alabama School of Business indicates the SEC clients and graduates provide the annual following economic impact:

  • Expenditure effect of $98 million for the Shoals Economy
  • Sales tax impact of $5.3 million
  • Alabama State Income Tax of $2.01 million

For more information about this study or anything else the Shoals Entrepreneurial Center offers, please give us a call at 256-760-9014.

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