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Alabama claims Silver Shovel Award for 2022 economic development successes

MONTGOMERY, Alabama — Governor Kay Ivey announced today that Area Development, a national business publication, has selected Alabama for its Silver Shovel Award, recognizing the state’s economic development successes during 2022.

The honor reflects record results for Alabama’s economic development team, with companies announcing new facilities and expansion projects involving $10.1 billion in capital investment last year.

The inbound investment figure represents the highest annual total for the state, eclipsing the previous record of $8.1 billion set in 2018.

These 2022 projects will create over 13,000 jobs across Alabama and stimulate economic growth in both urban and rural areas of the state.

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