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International investment speeds job growth in Alabama, analysis shows

Job creation tied to international investment in Alabama has been rapidly outpacing the state’s general employment growth rate, according to a report that tracks the impact of foreign direct investment (FDI) across the U.S.

The Global Business Alliance analysis says employment in Alabama tied to FDI surged 12% between 2015 and 2020, compared to overall employment growth of just 1% during the same period.

While the report’s timeframe ended three years ago, the trend has likely held steady, with FDI projects generating nearly half of new capital investment and 40% of the job commitments in economic development projects tracked by the Alabama Department of Commerce since 2020.

Almost 700 international companies have operations in Alabama, and nearly 117,000 jobs in the state stem from international investment, according to the Global Business Alliance, which represents international companies operating in the U.S. Over half of those Alabama FDI jobs — 66,400 — are in manufacturing.

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