Governor Ivey joins news event as Alabama Innovation Commission issues recommendations to boost innovation and entrepreneurship in the state
BIRMINGHAM – Governor Kay Ivey and Condoleezza Rice, 66e The U.S. Secretary of State and Director of the Hoover Institution joined heads of state on Tuesday in sharing the Alabama Innovation CommissionAlabama’s policy recommendations and announcing the Alabama Innovation Corporation board of directors as part of a shared vision to grow Alabama’s economy through innovation and technology.
“The Alabama Innovation Commission has done an incredible job, and I’m excited to see how we, as a state, can implement smart policies that will foster innovation and develop a workforce. ‘talented work for the future’, Governor Ivey said. “I am inspired by the promising growth of Alabama’s economy and look forward to working with the Alabama Legislature and the Alabama Innovation Corporation to help Alabama reach new heights. “
Governor Ivey created the commission and its advisory board in July 2020 with the mission of developing forward-thinking policy recommendations and ideas to create a more robust and inclusive economy that supports entrepreneurship, innovation and technology. The commission, led by Alabama CFO Bill Poole and State Senator Greg Reed, brought together private sector experts and policymakers to develop legislative priorities to keep Alabama competitive . The advisory board, chaired by Alabama Power’s executive vice president Zeke Smith, included innovation leaders from across the country and a partnership with researchers from the Hoover Institution led by Director Rice, to support the work. of the commission.
“I am proud to be a girl from Alabama and believe that Alabama’s education, skills training and workforce development can be second to none. This state is ready for an even greater future here and we are delighted to be a part of it ”, said Dr Rice. “The Hoover Institution will continue to partner with the state and the Alabama Innovation Corporation to support this initiative as Alabama continues to push to strengthen its economy so that life can be good for all Alabamians.”
Bill Poole, state finance director and chairman of the Innovation Commission, added: “I am proud of the work of the commission and know that its efforts will have a huge impact on our state. The ideas, recommendations and strategies contained in this report tell us how Alabama can be a leader in innovation, technology and research. I look forward to seeing private and public sector partners continue to work together through the Innovation Corporation to grow our economy.
Ivey also announced the members of the board of directors of the Alabama Innovation Corporation, a public-private partnership established by the Legislature in 2021, which will be responsible for implementing the initiatives and policy recommendations set out in the report.
The members of the Board of Directors of the Innovation Corporation are:
- Governor Kay Ivey (ex-officio)
- Alabama Speaker of the House Mac McCutcheon (ex-officio)
- President of the Senate pro tempore Greg Reed (ex-officio)
- Leader of the parliamentary minority Anthony Daniels (ex officio)
- Minority Leader Senator Bobby Singleton (ex officio)
- Rich Bielen – President and CEO, Protective Life Corporation (Director-at-Large)
- Dr. Michael Chambers – Assistant Vice President for Research Innovation, University of Southern Alabama (CEO)
- Abe Harper – President, Harper Technologies (Managing Director)
- David King – President, Dynetics (Managing Director)
- Bill Poole – Director, Alabama Department of Finance (Chair)
- Britney Summerville – Founder, Birmingham Bound (Managing Director)
The policy recommendations and conclusions detailed in the report focus on five areas that address current challenges. The recommendations will foster entrepreneurship, create jobs, create a talented and diverse workforce, and support economic development opportunities, Governor Ivey said. Each of these components work together to provide a favorable environment for starting or growing a business.
- Entrepreneurship and access to capital: Identify and support opportunities to fuel entrepreneurial development at each stage of the company’s growth.
- Attraction and retention of talent: Recruit and retain a workforce with the skills, knowledge and credentials necessary to create innovation ecosystems statewide.
- Growing commercialization: Foster an environment that increases marketing activity, research and development efforts, and supports the economy of the state as a whole.
- Bridging the digital and economic divides: Leverage the initiatives and resources that support growth throughout Alabama.
- Knowledge economy: Develop a skilled workforce ready to meet the demands of the future.
“These policy recommendations are the culmination of 18 months of hard work, time and effort by a variety of highly skilled individuals and organizations working together to chart a solid course for our state’s economy. , and I couldn’t be happier with the product the board was able to produce ”, Senator Reed said. “This report outlines a roadmap for boosting entrepreneurship, start-ups and innovation in our state, and I look forward to seeing the impact it will have on Alabama’s future.”
“In today’s ever-changing world, innovation is critical to how we elevate Alabama to economic prosperity in every corner of our state,” Smith said. “It has been an honor to serve as Chairman of the Advisory Board, and I look forward to working together to ensure that Alabama is well positioned to succeed in a 21st economy of the century.
For more information or to view the full commission report, please visit www.innovatealabama.org.
About the Alabama Innovation Commission
Created by Governor Kay Ivey in July 2020, the Alabama Innovation Commission (Innovate Alabama) is the state’s first commission focused on entrepreneurship, technology and innovation. The commission brings together experts and policymakers from the private sector to develop forward-thinking policies that will create a more resilient, inclusive and robust economy to stay competitive at the 21st century. The commission includes a six-member advisory board made up of innovation leaders in Alabama and those out of state with close ties to Alabama. Learn more about the commission on www.innovatealabama.org.