Honda Responsible for $12 Billion Annual Economic Impact & 45k Jobs in AL
Honda Manufacturing of Alabama celebrated the production of its 5 millionth vehicle and engine. The manufacturing company also celebrated the results of its economic impact brought into the state last year. An economic impact study completed by the University of Alabama shows the impact Honda and its first level suppliers had throughout Etowah, Calhoun, Talladega, Jefferson, and Saint Clair counties.
Out of the more than 14,000 Honda employees in those five counties, 29%of them live in Calhoun County and 13% live in Etowah. The $12 billion annual impact represents 5.4% of the state’s $221 billion gross domestic product.
Overall, this study shows the magnitude of Honda’s Alabama operation and how important it is to the state’s economy. Department Manager Jan Rowe says none of this would be possible without the support from surrounding communities. Rowe explains how workforce development within the five counties has been a crucial part in preparing future employees.
Honda Manufacturing of Alabama accounted for more than $3.4 billion in non-payroll expenditures. HMA also has a payroll average that is 75% more than the average earnings for an Alabama worker.