Alabama's Global Appeal: Foreign Investment Soars!

Alabama's on a roll! The state continues to be a magnet for international businesses, pulling in a whopping $3.5 billion in foreign direct investment (FDI) last year alone. This influx is fueling job creation across key sectors, proving that Alabama's the place to be for global companies!

Jobs, Jobs, Jobs!

Across Alabama, communities celebrated 50 FDI projects in 2024. These ventures promise to deliver over 3,700 new jobs in bustling automotive plants, shipyards, sawmills, and other exciting workplaces. These figures were brought to light in a recent report by the Alabama Department of Commerce.

Half the Battle is Won by FDI!

Get this: FDI accounted for almost exactly HALF of the $7 billion in new capital investment announced across Alabama last year. Now that's a significant contribution to our state's growing economy!

Alabama's Got the Goods!

"Foreign direct investment has become a major catalyst for economic growth in Alabama," said Ellen McNair, Secretary of the Alabama Department of Commerce. "It strengthens our position in global markets because international companies trust our workforce, infrastructure, and business climate."

Making Connections at SelectUSA

McNair and her Commerce team are currently at the SelectUSA Investment Summit, the nation's premier event for promoting FDI in the U.S. They are networking and collaborating with economic development stakeholders.

A Hotspot for Global Companies

Since 2015, foreign companies have invested nearly $30 billion in new capital across Alabama, creating roughly 40,000 new jobs.

Why Alabama?

According to Christina Stimpson, Chief Officer of Global Business, Alabama is “deeply committed to fostering strong international business relationships" through "responsive service, and collaboration."

By the Numbers: FDI Since 2015

From 2015 to 2024, Alabama snagged 246 FDI projects. Auto-related projects are leading the pack, followed by industrial machinery, metals, plastics, and chemicals. Germany is the top investor, followed by Japan, Canada, South Korea, and France.

Alabama: A Global Contender!

"International companies bring not only capital, but also innovation, new technologies, and valuable career opportunities for our citizens," said Gary Walton of Commerce's Global Business Office. "We’re proud to be a destination where global companies can thrive!"