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Business Development Division

The Business Development Division teams with public and private economic development partners across Alabama to position the state as an ideal location for investment and job creation.

The Business Development Division identifies potential corporate investors that will broaden Alabama’s economic base, works to bring in foreign direct investment, expand exports of state-based companies, assist small businesses, and attract film projects.

The Business Development Division and its partners use an integrated teamwork approach to demonstrate to prospects the level of support they can expect with a project in Alabama. The division also works with communities across the state to help them determine how they can become more competitive for new job creation.

The overarching goal of the division is to achieve the objectives of Accelerate Alabama, the strategic economic development growth plan adopted in 2012 and revised in 2017.

In Accelerate Alabama’s first nine years, companies from around the globe announced Alabama economic development projects involving commitments for roughly 155,000 jobs, as well as around $55 billion in capital investment.

The New & Expanding Industry Report

The New & Expanding Industry Report, produced annually by the Alabama Department of Commerce, provides a detailed look at economic development across the state. The 2020 report contains information about 230 projects that resulted in more than $4.8 billion in new capital investment and nearly 10,000 new and future jobs. The report features county-by-county breakdowns and rankings, along with information about foreign direct investment in the state.

Business Alabama Economic Development Guide

The 2022 Economic Development Guide is the source for updated information about the resources and incentives available to business and industry locating in Alabama. This is your one-stop source of current contact information for the economic development and workforce development agencies of the state of Alabama. The Alabama Economic Development Guide also includes features from Alabama’s premiere business publication, “Business Alabama” magazine, spotlighting new and expanding companies in all of Alabama’s fastest growing industry sectors. Review the 2021 Economic Development Guide.

Alabama Research Capabilities Interactive Map

Companies and site selection consultants from around the world can quickly explore relevant research being conducted at Alabama universities and research organizations thanks to a new interactive map designed to catalog research capabilities in the state. Companies can use the tool to connect with researchers who could assist in product development, testing, and other functions. The map was developed by the Alabama Experimental Program to Stimulate Competitive Research, or Alabama EPSCoR.

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