August 2019 Group Watch: Record Foreign Investment Key in AL Economy
Foreign direct investment continues to play a vital role in the state’s economy this year, building on a record total of foreign investment approaching $4.2 billion last year. In 2018, companies from 16 different countries launched projects with more than 7,500 new jobs. So far in 2019, projects approaching $1 billion in value will bring another 3,300 jobs to the state. Foreign direct investments account for between 30 and 50 percent of new and expanding industry activity in the state each year and fuel the state’s ability to have a diverse base of industries.
