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Enterprise

Record year for foreign investment sparks growth in Alabama

With major new growth projects moving forward across Alabama, foreign direct investment continues to play a vital role in the state’s economy, building on a record total of foreign investment approaching $4.2 billion last year.

These FDI projects represent major job-creation engines for many Alabama communities.

Last year, companies from 16 different countries launched projects with more than 7,500 new jobs. So far in 2019, FDI projects approaching $1 billion in value will bring another 3,300 jobs to the state, according to an Alabama Department of Commerce estimate.

In Enterprise, Tier 1 auto supplier Hwaseung Automotive Alabama (HSAA) in March announced plans to add 168 jobs to its Alabama operation through a $6 million expansion that represents Coffee County’s largest FDI project in four years.

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Manufacturing

Milestone: Airbus launches A220 production at Alabama facility

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