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Foreign investment accelerates with new growth projects in Alabama

With new growth projects under way in key industries such as automotive and aviation, foreign direct investment continues to act as a powerful catalyst in Alabama’s economy, casting a wave of job creation and triggering positive ripple effects.

Since 2018, foreign companies have launched investment projects valued at more than $13 billion across Alabama, generating nearly 17,000 job commitments, according to the Alabama Department of Commerce.

While final figures aren’t tallied for 2022, foreign direct investment (FDI) projects topping $2.6 billion in value were announced during the year and will bring at least 2,600 new jobs to the state, according to a Commerce preliminary estimate.

Those figures exceed the FDI totals for 2021, when $1.1 billion of new investment generated 1,700 job commitments.

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