Alabama’s economic growth continues with $7 billion in new investment from 2024 projects
25 Mar 2025
News
Governor Kay Ivey today announced the release of the “2024 New & Expanding Industry Announcements Report,” highlighting another banner year for Alabama’s economy. The report reveals that economic development efforts last year secured $7 billion in new capital investment across 224 projects, generating more than 8,500 career opportunities for Alabamians.
Governor Ivey emphasized that these results reinforce Alabama’s position as a premier destination for business growth, innovation and job creation.
“Alabama’s economy is on the move, and this report proves it,” Governor Ivey said. “With more than $7 billion in new investments and thousands of jobs created, we are building a future filled with opportunity.
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