The Alabama Department of Commerce is boosting its efforts to attract global businesses to the Yellowhammer State. They recently made a splash at the SelectUSA Investment Summit in Maryland, the country's top event for foreign direct investment (FDI). Alabama's been raking in the FDI dough! We're talking $3.6 billion last year alone, and over $19 billion since 2020, according to official Commerce data. “Foreign investments in Alabama grow each year," says Secretary of Commerce Ellen McNair. She highlights the state's move-in-ready spaces, skilled workforce, and supportive partnerships as key attractions. "The Department of Commerce continues to seek new investments in the state that will result in continued growth for the state and high-quality employment opportunities for Alabamians. SelectUSA is a premier place to do that.†Commerce teamed up with AIDT (their workforce training arm) and EDGE Partners to chat with international companies looking to expand into the U.S. EDGE Partners specializes in FDI and international market expansion. Christina Stimpson, Commerce’s chief officer of Global Business, notes that EDGE Partners helped Alabama land "curated, senior-led investor meetings aligned with the state’s target industries, investment priorities and long-term economic development goals.†Alabama's recruiters were touting the state's deepwater port, research universities, and awesome workforce training programs at the summit. They're focusing on industries like automotive, aerospace, defense, tech, bioscience, and advanced/chemical manufacturing. The Summit provided valuable face-to-face time with decision-makers from companies eyeing U.S. expansion, as well as those already in Alabama. Commerce's managing directors for Korea and Europe were also on hand, meeting with potential investors and participating in country-specific events. A reception connected Alabama with attendees from Austria, Germany, and Slovenia, including the U.S. Ambassador to Austria and Austria’s Ambassador to the U.S. Delegations from the Netherlands, Belgium, Italy, and Czechia all stopped by the Made in Alabama booth. Since 1999, Germany ($11 billion), Japan ($10.4 billion), and South Korea ($10 billion) have been the biggest FDI players in Alabama, according to Commerce.Alabama Courts Foreign Investment at SelectUSA Summit!
Big Numbers, Bigger Opportunities
Why Alabama? The Commerce Perspective
Teamwork Makes the Dream Work
Targeting the Right Industries
What Alabama Brings to the Table
Building Relationships
International Reach
Connecting with Key Players
Seeing is Believing
The FDI Heavy Hitters
