Alabama commercial construction drives $20.1 billion economic impact, study finds
The industry has experienced substantial growth over the past eight years.
Mason Reed 
{ "sections": [ "
Alabama’s commercial construction industry is reaching record heights, according to an updated economic impact study from the Associated Builders and Contractors of Alabama. The report reveals the sector has generated a massive $20.1 billion in total economic output, serving as a critical engine for the state's prosperity.
", "
Driving Economic Growth
", "
The data highlights a significant trajectory of growth over the last eight years. From an impact of $11.9 billion in 2015, the industry has surged to its current $20.1 billion mark—a 17% increase over 2021 figures. Currently, the sector accounts for 4.7% of Alabama’s gross domestic product and supports 223,000 full-time jobs across the state.
", "
A Major Fiscal Contributor
", "
Beyond job creation, the industry provides substantial support to public coffers. In 2023 alone, commercial construction generated $746 million in state tax revenue. According to Tim Harrison, past chairman of ABC of Alabama and president of Harrison Construction, these funds play a vital role in funding schools, local infrastructure, and community development.
", "
\"Since I took office in 2017, Alabama has seen investments totaling more than $69 billion, which has created 100,000 jobs and counting,\" Gov. Kay Ivey noted. \"Alabama is certainly on the move, and our commercial construction workforce is a major part of building our state up, not just here at home, but worldwide.\""], "
Looking Ahead
", "
The momentum is not slowing down. Dr. Keivan Deravi, the researcher behind the study, projects that the industry’s economic output will climb to $23.2 billion when 2025 figures are finalized. As Ed Hauser, board chairman of ABC of Alabama and senior vice president of Brasfield & Gorrie, stated, the industry remains the undisputed backbone of the Alabama economy, supporting nearly a quarter of a million workers.
", "
For more updates on Alabama's economic landscape, stay tuned to 205focus.com.
" ] }
