Alabama in 2025 announced 234 economic development projects totaling $14.6 billion, the highest annual total ever, with 9,388 job commitments projected. <\/p>\n
That\u2019s twice the amount of investment for 2024,<\/a> with additions in biosciences, technology, metals, automotive and aerospace, among other sectors. <\/p>\n Gov. Kay Ivey on Tuesday announced the release of the Alabama Department of Commerce\u2019s 2025 New & Expanding Industry Announcements Report.<\/p>\n In a statement, she said Alabama\u2019s economy is \u201criding a wave of historic momentum, with signs of success in every corner of our state.\u201d<\/p>\n Ivey said the state has seen more than $69 billion in investments during her time as governor, creating more than 100,000 jobs. <\/p>\n \u201cInnovative developments, high-quality jobs and transformative investments are ushering in an extraordinary era of prosperity, as new companies move in and existing ones expand,\u201d Ivey said. \u201cThis growth is the result of a strategic economic development plan and the hard work of a team that is focused on keeping Alabama at the forefront of a competitive global economy.\u201d<\/p>\n Among the marquee projects announced last year were:<\/p>\n Eli Lilly\u2019s $6 billion advanced factory in Huntsville<\/a>, which will create about 450 jobs. The project to produce pharmaceuticals is the largest initial investment in Alabama history. The $1.2 billion ArcelorMittal steel facility in Calvert <\/a>in Mobile County, which will create more than 200 jobs. Georgia-Pacific\u2019s $800 million expansion and modernization <\/a>of its Alabama River Cellulose Mill in Perdue Hill, which will make it the largest softwood pulp mill in the U.S.The $325 million Owens Corning shingle manufacturing facility<\/a> in Prattville which plans to hire up to 100 people. Construction is expected to begin early next year, with production starting in 2027.<\/p>\n According to the report, foreign direct investment totaled $3.6 billion, with 2,274 new jobs announced. And the state\u2019s targeted rural counties tallied up a total capital investment of $2 billion, with 2,011 new job opportunities.<\/p>\n Commerce Secretary Ellen McNair said the numbers confirm the goals for the Commerce Department\u2019s Catalyst strategic economic growth plan, which identified eight target sectors of business: metal and advanced material, chemical manufacturing, forestry and wood, agriculture and food, biosciences, technology, defense and mobility. <\/p>\n \u201cOur economic development efforts are thriving, and we have all the ingredients to continue that momentum, creating jobs and prosperity for every Alabamian,\u201d McNair said. <\/p>\n","protected":false},"excerpt":{"rendered":"Alabama in 2025 announced 234 economic development projects totaling $14.6 billion, the highest annual total ever, with 9,388…\n","protected":false},"author":2,"featured_media":420048,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,12514,101,48123],"class_list":{"0":"post-420047","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-construction","10":"tag-economy","11":"tag-eli-lilly"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/420047","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=420047"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/420047\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/420048"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=420047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=420047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=420047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}