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What were the "Experts" thinking?

PSMJ Resources

For example, Jefferson County Alabama (Birmingham) expanded and modernized their water and sewer system with a large investment in their system. When this market declined and interest rates spiked in this market, the county has been pushed to brink of bankruptcy since they are unable to refinance the thirty day debt.

Finance 40
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State by State Incentives Guide

Buisness Facilities Contributed Content

Alabama Infrastructure Grant Program: Funds are available to public entities for extension of water, sewer and road facilities to service new or expanding industries. Sewer Lines, Sewage Treatment Facilities. For a list of state economic development agencies, click this link. 97% increase in personal property tax exemption.

Income 108
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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

ALABAMA INFRASTRUCTURE GRANT PROGRAM: Funds are available for extension of water, sewer and road facilities. Loan proceeds are to be used for working capital, inventory, equipment purchase, and real property improvements but cannot be used for refinancing of existing debt or outstanding debt payments. BUSINESS TAX CREDITS.

Income 75