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Ernst & Young: Alabama ranks in Top 5 for investment

Global consulting firm Ernst & Young says companies from around the world poured more than $5 billion into capital projects in Alabama last year, earning the state a place near the top of its investment rankings.

Ernst & Young’s closely watched “US Investment Monitor” ranked Alabama No.5 among the states for mobile capital investment last year, with a total of $5.3 billion. The firm also ranked Alabama among the top states for foreign investment spending.

The findings are promising for Alabama, because Ernst & Young says its Investment Monitor acts as a “leading indicator showing where new investment spending and jobs can be expected to occur over the next several years.”

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