The Alabama News Center — Alabama’s economic growth continues with $7 billion in new investment from 2024 projects

By: Jerry Underwood

Gov. 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.

Ivey said 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,” Ivey said. “With more than $7 billion in new investments and thousands of jobs created, we are building a future filled with opportunity. Companies around the world see Alabama as the place to invest, grow and succeed — and we’re just getting started.”

The Alabama Weather Blog is pleased to present an excerpt from a featured article in partnership with the Alabama News Center. For the full post including images, videos, and related links, please visit the article HERE.

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