Alabama NewsCenter — International investment speeds job growth in Alabama, analysis shows

Alabama News Center | August 13, 2023 @ 4:00 pm

By: Jerry Underwood

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 with overall employment growth of 1% during the same period.

While the report’s time frame 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.

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