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The state of Alabama has invested in aerospace, education, health care, banking, and various heavy industries, including automobile manufacturing, mineral extraction, steel production and fabrication. By 2006, crop and animal production in Alabama was valued at $1.5 billion. In contrast to the primarily agricultural economy of the previous ...
Alabama is a state in the Southeastern region of the United States. The state's primary industries are aerospace, education, health care, banking, and various heavy industries, including automobile manufacturing, mineral extraction, steel production and fabrication.
The BEA defined GDP by state as "the sum of value added from all industries in the state." [1] Nominal GDP does not take into account differences in the cost of living in different countries, and the results can vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency.
The Alabama Department of Agriculture and Industries (ADAI) is an independent agency of the government of Alabama first created by an Act of the State Legislature on February 23, 1883. The Department is responsible for serving farmers and consumers of agricultural products and operates with an annual budget of just under $25 million.
These include American Cast Iron Pipe Company, Brasfield & Gorrie, BE&K, Drummond Company, EBSCO Industries, Harbert Management Corporation, McWane, and O'Neal Steel. Corporations with large operations in Birmingham
However, this state is more affluent than many others, with a median household income of $92,911 and 15.9% of households earning $200,000 or more annually. CFP® certificants are getting younger.
A great deal of Alabama's economic growth since the 1990s has been due to the state's expanding automotive manufacturing industry. Located in the state are Honda Manufacturing of Alabama , Hyundai Motor Manufacturing Alabama , Mercedes-Benz U.S. International , and Toyota Motor Manufacturing Alabama , as well as their various suppliers.
The governor of Alabama has power to veto laws passed by the state legislature (see below). However, in contrast to the practice in most states (and the federal government) that requires the legislature to garner a two-thirds majority to override an executive veto, the Alabama constitution requires only a majority within both legislative houses ...