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Manufacturing

Honda Alabama economic impact: $6.8 billion in 2014

Honda’s sprawling Alabama auto assembly plant generated $6.8 billion in economic activity in the state last year, underscoring the far-reaching impact of the automaker’s $2 billion facility in Talladega County.

An analysis released today outlines how Honda Manufacturing of Alabama and its Tier-1 suppliers have become an economic powerhouse, together responsible for more than 43,000 jobs and 4.4 percent of the state’s total annual output of goods and services.

Bill Taylor, president of the Economic Development Partnership of Alabama, said the impact study demonstrates that the volume of business Honda conducts in the state supports a remarkable array of jobs. The EDPA enlisted the Center for Business and Economic Research at the University of Alabama to perform the analysis.

“This extraordinary economic impact is possible only because of Honda’s success in a highly competitive, global business,” Taylor said. “This success does not happen overnight and shows how important Honda is to Alabama’s economic development.

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