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Hyundai’s Alabama economic impact: $4.82 billion in 2014

Hyundai’s Alabama auto assembly plant and its supplier network generated a total impact approaching $5 billion in 2014 while also accounting for more than 12,600 direct jobs across the state, according to an analysis released today.

The new study by M. Keivan Deravi, dean of the College of Public Policy and Justice at Auburn University at Montgomery, updates an analysis he performed in 2010, which pegged the Alabama economic impact of Hyundai and its suppliers at $3.8 billion. In Deravi’s new analysis, Hyundai’s Alabama economic impact the economic rose to $4.82 billion in 2014.

“Hyundai has dramatically improved the manufacturing sector of central Alabama’s economy,” said Deravi, who has completed similar studies for several major industrial projects in Alabama, including Airbus and other automakers.

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