Business Facilities, an economic development-focused publication, ranked Alabama’s business climate tops among the states in a new analysis that examined performance in several key economic categories.
The publication cited Alabama’s successful recruitment of the Toyota-Mazda joint venture automobile manufacturing plant to illustrate the state’s appeal. The project, announced in January 2018, calls for a $1.6 billion investment and 4,000 new jobs in Huntsville.
Besides the No. 1 ranking for Best Business Climate, Business Facilities also gave the state high marks for growth potential and workforce training.
“In Alabama, they’ve nailed the economic development fundamentals — maximizing resources with regional cooperation, a diverse growth strategy, world-class workforce training — and they’re running up the score with one big-ticket project after another,” the publication writes.