MONTGOMERY, Alabama – Montgomery officials said today that the area attracted $411 million in new capital investment this year, with a lion’s share of that total coming from existing businesses.
Led by significant investments from companies such as Alfa, Baptist Health and Jackson Hospital, existing businesses announced plans for $319.7 million in new investment in the Montgomery area in 2016, officials said.
“These companies are creating jobs, driving innovation and expanding opportunities in our community,” said Bruce Crawford, board chairman of the Montgomery Area Chamber of Commerce.
Jobs tied to new investment and expansion projects in the Montgomery area totaled 1,940 in this year, with slightly more than 1,500 of those jobs being created by existing businesses, according to a Chamber tally.
