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Report: 2023 growth projects to inject $6.4 billion into Alabama communities

MONTGOMERY, Alabama — Governor Kay Ivey announced today that companies launching operations or expanding existing facilities in Alabama during 2023 are poised to make investments totaling over $6.4 billion, building on the state’s winning economic development track record with another year of steady job creation.

“We continue to make significant progress in our mission to create solid career opportunities for Alabama citizens and to inject economic vitality into cities and communities across the state,” Governor Ivey said. “I’m proud of the fact that since I have been governor, we have seen $49 billion invested in Alabama, which has created some 87,000 new jobs.

“However, we’re not taking a victory lap — we are focused on the future and making Alabama the top choice for growing companies,” she added.

As outlined in the 2023 Alabama New & Expanding Industry Report, being released today, those efforts resulted in the creation of 8,095 jobs tied to 184 projects in 43 counties last year. The report is compiled by the Alabama Department of Commerce.

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