Report Says Alabama Attracted $7 Billion in Capital Investments in 2024
MONTGOMERY Ala.
By Dale Hines
Blue RAM Media
March 25, 2025
Things are looking bright for the State of Alabama according to a new report showing economic investments and growth across the entire state.
According to the new report and Gov. Kay Ivey, there was $7 billion in capital investments across 224 projects and new businesses and start-ups helped lead the way.
“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.”
Among the projects included in the 2024 report are:
Novelis invested another $1.6 billion into its Baldwin County aluminum mill, bringing its total investment to more than $4 billion.
Meta Platforms is planning to build a new $800 million data center in Montgomery.
Coca-Cola Bottling United is investing $330 million into a new headquarters and facility in Birmingham.
The report said that Alabama’s rural counties attracted $1.2 billion in investment and nearly 1,700 new jobs. That includes Republic Airways’ LIFT Academy, a flight training center at Moton Field in Macon County.
Investment in the state is putting people to work and giving Alabama a healthy future.
“We are making sure economic prosperity reaches every corner of our state,” the governor said. “From advanced manufacturing to aviation training and auto parts production, rural Alabama is on the rise. These investment projects are transforming communities and creating lasting opportunities.”
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