MONTGOMERY, Alabama — Governor Kay Ivey announced today that economic development activity across Alabama surged during 2021, with a new report showing that projects launched during the year will inject $7.7 billion in capital investment and almost 10,200 jobs into the state’s strengthening economy.
The project activity is outlined in the 2021 New & Expanding Industry Report, a comprehensive analysis of the state’s economic development performance published each year by the Alabama Department of Commerce.
Commerce said the $7.74 billion in new capital investment stemming from project announcements last year represents the second highest annual total in state history, trailing only the $8.7 billion registered in 2018. The investment figure for 2020 was $4.8 billion.
“Last year, the Alabama economic development team engaged with companies from around the world to lay the groundwork for significant growth in key strategic industrial sectors,” Governor Ivey said.