Montgomery Economy

Montgomery, Alabama’s economy is thriving with a diverse mix of industries, strategic investments, and strong business confidence in 2025. Below is an overview of the city’s economic landscape:

Key Industries

Montgomery’s economy is powered by several major sectors:

• Automotive Manufacturing: Hyundai Motor Manufacturing Alabama and its suppliers, such as Mobis Alabama, are central to the city’s industrial base. Hyundai recently announced a $290 million investment in its Montgomery facility.
• Technology: Meta (formerly Facebook) is building a $840 million AI-optimized data center in Montgomery, expected to create 150 jobs and operate entirely on renewable energy.
• Logistics and Warehousing: Montgomery serves as a logistical hub for the Port of Alabama, with the upcoming Inland Port projected to generate $340 million in business revenue and create over 2,600 jobs.
• Healthcare: Baptist Health and Jackson Hospital are among the city’s largest employers, contributing significantly to the local economy.

Economic Growth and Investments

Montgomery has seen record-breaking growth in recent years:

• Over the past five years, the city announced 4,701 new jobs, 122 major projects, and $3.6 billion in capital investments.
• Companies such as HD Hyundai Power Transformers USA and Genpak LLC have expanded their facilities, adding jobs and enhancing local manufacturing capabilities.

Business Confidence

Business leaders in Montgomery express strong optimism about economic expansion:

• In Q1 2025, Montgomery’s Alabama Business Confidence Index (ABCI) reached 63.3—the highest since 2021—indicating robust expectations for growth across industry sales, profits, hiring, and capital expenditures.
• Confidence in statewide and U.S. economic conditions also surged, with indexes of 70.0 and 65.0 respectively.

Top Employers

Montgomery’s largest employers span various sectors:

• Maxwell-Gunter Air Force Base: 12,280 employees.
• State of Alabama: 10,315 employees.
• Hyundai Motor Manufacturing Alabama: 3,530 employees.
• Baptist Health: 4,300 employees.

Strategic Development Initiatives

The Montgomery Area Chamber of Commerce continues to drive economic development through initiatives like “Maximizing Momentum,” which focuses on leveraging public-private partnerships for sustained growth. Additionally:

• Grants from the SEEDS program are being used for site assessments to attract new industries.
• Infrastructure improvements include projects like the Inland Port and expanded manufacturing facilities.

Montgomery’s economy stands out for its strategic investments in manufacturing, technology, logistics, and healthcare while maintaining strong business confidence and fostering job creation.