Kay Ivey says $10 billion in capital investment broke record

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In a press release, Ivey said that broke the record of $8.7 billion set in 2018.

Ivey said the First Solar and Advanced ACT projects are examples of projects landed by rural counties, a priority for the state’s efforts.

Baldwin County led all counties in new investment last year at $2.5 billion, followed by Montgomery at $1.7 billion, Mobile at $1.4 billion, and Lawrence at $1.1 billion. For new jobs, Montgomery County led with 1,491, followed by Mobile with 1,451, Jefferson with 1,259, and Baldwin with 1,170. “Strategic economic development has been a top priority of my administration since I first became governor because I fully understand the impact it can have on our citizens, their families and their communities,” Ivey said in the press release. “This success is blatant evidence that our efforts are producing a brighter future for the great state of Alabama.”

The release of the report comes just ahead of proposals by the governor’s office and legislative leaders to renew and expand Alabama’s economic incentive laws. Those bills are expected to be introduced after the Legislature returns from spring break next week.If you purchase a product or register for an account through one of the links on our site, we may receive compensation.

 

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