McKinsey & Company
Alabama Economic Development Strategy Overview
Pages
5
Time to read
11 mins
Publication
Language
English
Pages
5
Time to read
11 mins
Publication
Language
English
This technical report presents an overview of Alabama's economic development strategy, known as CatALyst, as articulated by Ellen McNair, the state's secretary of commerce. The report details the strategic planning process undertaken to revitalize Alabama's approach to economic growth, including extensive stakeholder engagement through interviews and focus groups with over 400 participants. It outlines the objectives of the CatALyst strategy, which aims to leverage Alabama's strengths and foster inclusive growth while addressing the needs of rural communities. The report highlights the significant capital investments achieved in 2025, totaling $14.6 billion, and the creation of over 9,000 jobs. Additionally, it discusses the formation of the Alabama Growth Alliance and the establishment of the Economic Development Fund, which are intended to enhance collaboration among various stakeholders and secure sustainable funding for future initiatives. The report emphasizes the importance of partnerships and local engagement in driving economic development efforts across the state.