Alabama Governor Kay Ivey has announced a $16.5 million investment into the University of Alabama Research and Development Building. The project will be a joint project for the University, the Alabama Power Company, and Mercedes with state support.
The $16.5 million worth of bonds were issued by the Alabama Public School and College Authority and were authorized by the Alabama Legislature to fund capital improvements for the state’s education system. The grants will allow for the construction of the Smart Communities and Innovation Building on The University of Alabama campus.
UA announced that it has an agreement to strengthen its long-standing relationship with Alabama Power Company and Mercedes-Benz U.S. International through the Alabama Mobility and Power Initiative. AMP is designed to meet the needs of the booming electric vehicle market and support Alabama’s transportation network. The AMP Initiative will be housed in the Smart Communities and Innovation Building.