Alabama saw $4.8 billion in economic activity despite 2020 COVID challenges AL.com 1 hr ago William Thornton, al.com
Alabama saw $4.8 billion in new economic development projects in 2020, despite the COVID-19 pandemic and its effects on the economy.
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That’s down more than $2 billion from what the state saw in 2019, but Alabama also racked up almost 9,500 new job commitments from 230 projects. The figures were released today in the Alabama Department of Commerce’s New and Expanding Industry Report.
“While 2020 was far from being a normal year, Alabama’s economic development efforts made a steady and important contribution to the state’s growth prospects,” Gov. Kay Ivey said in a statement. “Companies from around the world continue to find all the ingredients they need for success right here in Alabama.”
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