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Alabama’s 2022 projects to inject record $10.1 billion in new investment

MONTGOMERY, Alabama — Economic development activity in Alabama generated $10.1 billion in new capital investment during 2022, a new annual record and another indicator of strength in the state’s economy.

Governor Kay Ivey announced today that the 2022 Alabama Economic Development Impact Report, compiled by the Alabama Department of Commerce, shows that investment tied to economic development projects last year topped the previous record of $8.7 billion, set in 2018.

“Strategic economic development has been a top priority of my Administration since I first became governor because I fully understand the impact it can have on our citizens, their families and their communities,” she said.

“This success is blatant evidence that our efforts are producing a brighter future for the great state of Alabama.”

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Epsilon Industries plans Alabama manufacturing facility with 180 jobs

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