Alabama’s growing innovation ecosystem offers today’s entrepreneurs and innovators the best of both worlds: desirable cost-of-living and low business start-up cost, and a captivating environment to grow, work, learn, and play.
Advancing industries takes courage, business and technology acumen, forward-thinking policies, competitive incentives, and an attractive business environment.
Alabama’s Data and Statistics for Business Growth
Cost of Living in the Southeast1
Ranked No. 7
in U.S. for ideal and prosperous business climate2
Median home sale price
than national average3
trained by AIDT, Alabama’s technical workforce training program4
$1b annual revenue
generated from Alabama’s IT companies5
research park in the world6
involvement elevating the U.S. Aerospace and Aviation industries7
$5b economic impact
generated within the state from science sectors alone8
State with the most HBCUs, offering 50+ degree programs9