November 2021 Group Watch: Rural AL Sees Economic Development Increase
Economic development activity in Alabama’s rural counties ticked higher during the first half of 2021, building on growth projects that were launched in theses areas last year despite the challenges of a pandemic. Preliminary, year-to-date results show that projects locating in Alabama’s 40 “targeted” counties will generate at least $850 million in new capital investment in these areas. Projects already announced in 2021 will also bring close to 1,000 new jobs to these rural counties, which all have fewer than 50,000 residents. Combined with job creation from 2020, the total rises to almost 3,000 new jobs for rural communities across Alabama, along with around $1.5 billion in investment in that time frame.
