NEW YORK (CNNMoney)
-- "As manufacturing picks up across the United States, Alabama has become an unexpected beneficiary. The
state -- best known for agriculture and textiles production -- is
enjoying the best pickup in industrial manufacturing in five years as
U.S. and foreign companies flock there. The credit goes to the state's low taxes, top-grade trade schools, a
statute that curbs union power, and other incentives spurring many
manufacturers to move to or expand in the state, experts said.
In 2011, 70 domestic manufacturers announced plans to set up a factory in Alabama. They're
expected to create 4,879 jobs and $1.6 billion in capital investment
over the next two to three years. In
the same year, an additional 313 manufacturers, already in the state,
announced expansion plans that would create another 12,369 new jobs and
pour $2.5 billion in capital investment."