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

Alabama Governor Kay Ivey announced over $6.4 billion in investments from companies launching or expanding operations in 2023, reinforcing the state's robust economic growth and job creation. The efforts resulted in 8,095 new jobs across 43 counties, with key sectors like automotive, metals, and information technology driving growth. Rural Alabama attracted significant investments, and foreign direct investment played a crucial role, contributing almost $3 billion and nearly 3,400 new jobs. Top global and domestic brands, such as Miele and Sierra Pacific, continue to choose Alabama for expansion. Secretary of Commerce Ellen McNair emphasizes the state's commitment to creating 21st-century jobs and developing a comprehensive economic development strategy for the future. Governor Ivey highlights the importance of innovation and technology in sustaining Alabama's economic momentum, driving the need for new strategies and bold approaches.

Click here to see the 2023 Alabama New & Expanding Industry Report.