The Shoals Economic Development Authority (Shoals EDA) strives to improve The Shoals area economy through partnerships, programs, and innovation. One of these initiatives is our Employment Growth Program (EGP). Created in 2011, this program's mission is to promote the increase of quality employment opportunities within The Shoals community. Through the EGP, we hope to encourage full-time employment growth through a streamlined process and incentive that provides assistance to eligible applicants offering new employment opportunities for Shoals citizens.
In 2022, 11 companies participated in the EGP. These applicants have created a combined 76 jobs with an average wage of $16.01/hr. We have committed $292,500 to these companies who are bringing a combined capital expenditure of ~$2.923 million. Chad Epperson, Owner/CEO of United Treating & Distribution (UTD), says the EGP has been "an excellent resource for UTD." He continues to add, the program "offers us the challenge to consistently hire additional long-term team members while allowing us to reinvest in our growing business and team."
The EGP provides reimbursement to eligible for-profit companies for hiring between one and ten full-time employees (FTE) per year. The reimbursement amount for each qualified FTE is based on the entry-level wage for the position. Eligible applicants for the EGP must operate under one of the business activities described in the North American Industrial Classification System (NAICS) shown below.
For each FTE employed, up to a maximum of ten (10) FTEs per 12-month period, the company will be reimbursed based on the following criteria:
The EGP is an application process with initial requirements:
- Eligible positions must have a starting wage of $12.00/hr.
- An eligible company may include qualified FTEs employed within 30 days prior to the date The Shoals EDA provides the company with an EGP application.
- Applicant cannot have had a reduction in FTEs in the 3 months immediately preceding submission of an EGP application.
- Applicant must be properly licensed to conduct business in Lauderdale County and/or Colbert County.
- New FTEs cannot have previously been employed by the applicant.
- Applicant agrees to forego a request for tax abatements in association with the EGP guidelines.
- Applicant is responsible for submitting proper documentation ensuring that the employment guidelines have been fully achieved.
- Payment of funds can be requested after a new FTE has been employed for 6 consecutive months.
Further and complete details can be found on the local incentive tab of our website. To learn more and/or request an application, contact Rob Jones at (256)349-5632 or This email address is being protected from spambots. You need JavaScript enabled to view it.