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Alabama foreign investment tops $1.5 billion in 2016, creating 3,250 jobs

Businesses based in countries around the globe continue to find a welcoming home in Alabama, as the state’s foreign direct investment (FDI) reached $1.57 billion last year, driving job growth in several industries.

Expansions accounted for the vast majority of the 79 FDI projects announced by companies in 17 different countries. But there were notable new projects, too.

There were a total of 3,254 new jobs tied to the overall investment, according to the 2016 New and Expanding Industry report, which was released last month by Gov. Kay Ivey and the Alabama Department of Commerce.

Overall, the state landed nearly $4.2 billion in capital investment and more than 14,700 new jobs.

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