Home News Limestone County leads Alabama in capital investments in 2020
News - April 7, 2021

Limestone County leads Alabama in capital investments in 2020

ATHENS, Ala. – When giant corporations like Mazda Toyota come to city, they make capital investments in land to buildup their infrastructure in addition to the economic system round them. That funding, together with a couple of others propelled Limestone County because the state chief in capital investments.

Mazda Toyota is situated in Huntsville however it’s really in Limestone County. Limestone generated $1.1 billion in capital progress in 2020. Cellular County got here in second at $851 million.

“It reveals that we’re enterprise pleasant. That we have now infrastructure. That we have now property individuals are concerned with,” mentioned Bethany Shockney, the President and CEO of the Limestone County Financial Growth Affiliation.

Mazda Toyota generated $830 million in capital investments, practically as a lot as the complete complete capital progress in Cellular County. Toyota Tsusho America is investing over $77 million whereas Indorama Ventures Sustainable Options is shelling out $40 million in Limestone, simply to call a couple of bigger investments.

“A qualifier for our group, is we do have a talented workforce that’s educated and able to go to work. And that we’re ready to supply that workforce as they giant corporations ramp up,” mentioned Shockney.

Financial leaders in Limestone County say folks dwelling in Madison County however commuting to jobs in Limestone are beginning to present critical financial payoffs.

“That’s improbable as a result of that helps our gross sales tax base as effectively. We would like folks to purchase fuel right here. We would like folks to purchase groceries right here.”

So far as job progress, Madison County completed prime 5 within the state with 636 new jobs in 2020. Limestone County is often close to the highest, however lots of their latest job progress numbers have been counted in 2019 and couldn’t be counted in 2020. A few of these jobs begin of the course of the subsequent few years.

Alabama added 9,466 jobs over the course of 2020, regardless of the pandemic. Capital investments throughout the state equaled 4.8 billion {dollars}.

You’ll be able to view the latest report right here.

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