Economic development efforts in Alabama in 2024 resulted in $7 billion in capital investments across 224 projects, according to Gov. Kay Ivey and the release of a new report.

The numbers are included in the “2024 New & Expanding Industry Announcements Report” released today.

“Alabama’s economy is on the move, and this report proves it,” Ivey said. “With more than $7 billion in new investments and thousands of jobs created, we are building a future filled with opportunity. Companies around the world see Alabama as the place to invest, grow and succeed — and we’re just getting started.”

Among the projects included in the 2024 report are:

• Novelis investing another $1.6 billion into its Baldwin County aluminum mill, bringing its total investment to more than $4 billion.
• Meta Platforms planning an $800 million data center in Montgomery.
• Coca-Cola Bottling United investing $330 million into a new headquarters and facility in Birmingham.

The report said that Alabama’s rural counties attracted $1.2 billion in investment and nearly 1,700 new jobs. That includes Republic Airways’ LIFT Academy, a flight training center at Moton Field in Macon County.

“We are making sure economic prosperity reaches every corner of our state,” the governor said. “From advanced manufacturing to aviation training and auto parts production, rural Alabama is on the rise. These investment projects are transforming communities and creating lasting opportunities.”