MONTGOMERY, Alabama — Growing businesses injected nearly $1.7 billion in new capital investment into Alabama’s rural counties last year in a sign of continuing vitality, according to data released today by the Alabama Department of Commerce in conjunction with a summit for the state’s rural developers.
These projects will create over 1,600 jobs in rural communities, Commerce says. The growth builds on robust project activity recorded in 2020, when $615 million in new investment and 1,940 job commitments were announced for Alabama’s rural counties.
“I’m encouraged by the progress we’re making in Alabama’s rural areas, but I know that achieving all our goals for elevating prosperity in these communities will require a long-term effort,” said Governor Kay Ivey, who attended today’s rural summit.
“That won’t be easy but make no mistake — we’re willing to put in the work.”