Birmingham Has Notable Year for Foreign Investment

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Birmingham had 11 foreign companies announce 682 jobs and $250.4 million in capital investment in 2016, according to the Birmingham Business Alliance’s 2017 Regional Growth Report. Five of those companies that announced projects were new to the region.

This brings the number of foreign-based companies doing business in Birmingham to 80. Many of the foreign-based companies are suppliers to vehicle manufacturers Mercedes-Benz and Honda, located west and east of the Birmingham region.

Mollertech Groundbreaking

Mollertech Groundbreaking

“We’ve had strong success with expanding employers, but there are even bigger opportunities to come through organic growth in Birmingham,” said Brian Hilson, CEO of the Birmingham Business Alliance. “We’re excited for each company in the automotive and manufacturing sector that has experienced growth, but we are even more excited about each company’s large impact on the future workforce and the opportunities being created for new employees, their families and the entire Birmingham community.”

Here are a few of the foreign-based investment that occurred in the seven-county region in 2016:

The BBA’s 2017 Regional Economic Growth Report details the 75 projects that announced 2,014 jobs and $587 million in capital investment in the Birmingham region in 2016, and includes Birmingham’s performance metric comparison to its peer cities, where the Magic City improved in nine of 12 economic indicators such as employment, population, degree attainment, cost of living and personal income.