Business Facilities, an economic development-focused publication, ranked Alabama’s business climate tops among the states in a new analysis that examined performance in several key economic categories.
The publication cited Alabama’s successful recruitment of the Toyota-Mazda joint venture automobile manufacturing plant to illustrate the state’s appeal. The project, announced in January 2018, calls for a $1.6 billion investment and 4,000 new jobs in Huntsville.
Besides the No. 1 ranking for Best Business Climate, Business Facilities also gave the state high marks for growth potential and workforce training.
“In Alabama, they’ve nailed the economic development fundamentals — maximizing resources with regional cooperation, a diverse growth strategy, world-class workforce training — and they’re running up the score with one big-ticket project after another,” the publication writes.
Business Facilities said Alabama’s business climate “is hitting on all cylinders,” citing the growth plans of GE Appliances, which is investing $115 million in an expansion in Decatur, and Amazon, which is opening a 1,500-worker fulfillment center in Bessemer.
Governor Kay Ivey said the high rankings from Business Facilities confirm that Alabama is on the right track for economic growth.
“I’m committed to facilitating the creation of good jobs across Alabama and expanding opportunities for the state’s hard-working citizens,” Governor Ivey said.
“Our efforts have produced a lot of success lately, and we’re going to keep moving forward at full speed on this mission.”
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By Jerry Underwood