Study Reveals Construction Industry’s Impact On State

A 2024 study, conducted by Kevian Deravi on behalf of the Associated Builders and Contractors of Alabama, states that the construction industry’s total impact grew from $15 billion in 2015 to $17.2 billion in 2021, Business Alabama reports. The study shows that, in 2021, the total output produced by commercial construction in Alabama reached $9.4 billion, marking a 97% increase compared to 2015 figures. Gov. Kay Ivey said, “The impact of the business has been successful in emphasizing our workforce, and ultimately, the employment impact is equivalent to 200,000 jobs.” Beyond the direct impacts on output, payroll and employment, the study estimates an earnings impact of $11.4 billion. Deravi says the study found commercial construction in Alabama comprises 6.7% of Alabama’s gross domestic product and creates 7.2% of Alabama jobs.