Opelika Economic Development Agency

Find Opelika Alabama economic development agencies, departments, and corporations. Economic development agencies provide information on resources for economic growth, expansion of local businesses, attracting new business and tourism.

Opelika City Economic Development 204 South 7th Street Opelika AL 36801 334-705-5115

Opelika Economic Development 600 South 7th Street Opelika AL 36801 334-745-7638

Auburn City Economic Development 144 Tichenor Avenue Auburn AL 36830 6.9 miles from Opelika 334-501-7270

Phenix City Economic Development 900 13th Street Phenix AL 36867 25.4 miles from Opelika 334-448-2799

Georgia State Economic Development 900 Front Avenue Columbus GA 31901 26.2 miles from Opelika 706-649-1306

Elmore County Economic Development 10 Cambridge Court Wetumpka AL 36093 50.1 miles from Opelika 334-514-5843

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About Economic Development Agencies

What is a tax abatement?

A tax abatement is an agreement between a business and a taxing entity, such as a state, county, or local government, which provides a temporary tax reduction for a business that expands or makes physical improvements. Typically, the additional property taxes that would have been levied as a result of the business expansion or improvement are forgiven for a specified period of time. Businesses are sometimes offered tax abatements as a way to encourage expansion and investment.

What is the difference between an Economic Development Agency and an Economic Development Commission?

An Economic Development Agency is an agency of the government staffed by professional employees who implement the programs and services of the agency. An Economic Development Commission usually refers to an appointed board that serves as an advisor on economic policy. Economic Development Commissions are common at the county and local levels of government.

What do I need to do to start a new business?

Most Economic Development Agencies have a staff person or office to help prospective business owners to understand how to register their business and obtain any necessary licensing.