May 24, 2024

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Alabama NewsCenter — International investment speeds job growth in Alabama, analysis shows : The Alabama Weather Blog

1 min read

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.

The Alabama Weather Blog gladly brings you an excerpt of this article through a partnership with the Alabama NewsCenter. You can see the complete post featuring all the associated images, videos, and links by clicking HERE.

Category: ALL POSTS, Partner News Stories

About the Author ()

Alabama News Center tels the stories of the people and businesses powering the states of Alabama, striving to make Alabama a wonderful place to live and work.

Alabama News Center

2023-08-13 21:00:33

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