MONTGOMERY, Ala. (WSFA) – The Office of Governor Kay Ivey Tuesday released the 2025 New and Expanding Industry Announcements Report, marking what she called a “record year for economic development growth in communities across the state.”
The annual report, released by the Alabama Department of Commerce, listed 234 projects last year that totaled more than $14.6 billion in capital investments, the highest annual total in state history, along with 9,388 new job commitments.
“Alabama’s economy is riding the wave of historic momentum, with signs of success in every corner of our state. Innovative developments, high-quality jobs and transformative investments are ushering in an extraordinary era of prosperity, as new competitors move in and existing ones expand,” Gov. Ivey said. “This growth is the result of a strategic economic development plan and the hard work of a team that is focused on keeping Alabama at the forefront of a competitive global economy.”
The governor said the report reflects a broader transformation that has has happened during her tenure thanks to a focus on business recruitment, workforce development and long-term growth.
Gov. Ivey touted growth in various business sectors like biosciences, technology, metal and advanced materials, automotive and aerospace, and forestry and wood products.”
The report showed a total of $3.6 billion in foreign direct investment projects in 2025 that are set to create 2,274 new job opportunities.
“We are open for business, ready to embrace new challenges and poised to welcome even more world-class companies, advanced technologies and breakthrough products,” Ivey added. “They should look no further than Sweet Home Alabama, and we plan to get them here.”
The 2025 New and Expanding Industry Announcements Report can be read here.
Not reading this story on the WSFA News App? Get news alerts FASTER and FREE in the Apple App Store and the Google Play Store!
Copyright 2026 WSFA. All rights reserved.