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

By: Jerry Underwood

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

Gov. Kay Ivey announced that the 2022 Alabama Economic Development Impact Report, compiled by the Alabama Department of Commerce, shows investment 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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