Economic Potential

According to preliminary data provided by the Alabama Development Office, $6 Billion were invested in Alabama in 2007 creating 17,143 jobs and there is more to come in 2008!

Alabama… a great place for foreign investment


When it comes to business climate, Site Selection magazine’s Top 25 State Business Climate survey ranked Alabama as having the 8th best business climate in the nation, while corporate real estate executives ranked Alabama’s business climate as the 4th best in the nation. (November 2006). Other accomplishments include:

  • Alabama was named "State of the Year" four consecutive times by Southern Business and Development magazine, based on its record of job growth and economic development. (June 2006).
  • Alabama ranked 7th on Site Selection Magazine’s Top States for its number of new industry or expansion projects in 2006. (March 2007).
  • Alabama Industrial Development Training (AIDT), the state's work force training program, was ranked first in the U.S. in a 2006 Expansion Management site consultant survey.

One of the most attractive incentives that Alabama offers is the statutory incentive programs such as a corporate income tax credit for qualifying companies giving a stable framework for long-term investment.

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