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Alabama saw $4.8 billion in economic activity despite 2020 COVID challenges
Updated Apr 06, 2021;
Posted Apr 06, 2021
Company officials hold a ceremonial groundbreaking for an expansion that will add an electric arc furnace to the AM/NS Calvert steel mill north of Mobile.Courtesy of ArcelorMittal
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Alabama saw $4.8 billion in new economic development projects in 2020, despite the COVID-19 pandemic and its effects on the economy.
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.