New report shows Alstom contributes over $700 million to U.S. economy annually and has created 10,000 jobs over last two years
New report shows Alstom contributes over $700 million to U.S. economy annually and has created 10,000 jobs over last two years
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For over 170 years, Alstom has revitalized rail and transit where Americans live and work with 17 engineering and manufacturing sites in the United States alone
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Alstom is building the U.S.’s first high-speed trains in Hornell, New York and has developed a robust American supply chain for all of its projects nationwide with over 1500 American vendors
14 March 2024 – Alstom, global leader in smart and sustainable mobility, has released its first economic impact report in the US, which highlights Alstom’s impact on the nation’s economy.
An analysis of its activities in fiscal years 2022/23 found that Alstom contributed over $700 million to the U.S. GDP, and nearly 10,000 direct and indirect jobs, demonstrating its status as a leader in America’s world-class manufacturing sector, and as the number one private rail operator in the country.
The impact of Alstom in the United States
Read moreThe report outlines Alstom’s key role in developing and modernizing the United States’ transportation network by offering fully integrated rail and transit system projects. Report highlights include:
- Alstom is a global leader in railway manufacturing, signaling, operations and maintenance, operating in 45 US locations and managing 17 engineering and manufacturing sites in the United States alone
- Avelia Liberty, the first-ever high-speed train built in the US is being manufactured with 95% Buy America compliance and 95% of components sourced locally
- Automated People Movers designed, manufactured and in most cases maintained and operated by Alstom have transported over 525 million passengers safely and efficiently at 16 airports across the nation
To date, Alstom has spent more than $590 million with 170 suppliers in 27 states, as part of fulfilling Buy America requirements for the Amtrak Avelia Liberty project. Alstom and Amtrak have also worked in close partnership to meet ambitious small and disadvantaged business enterprise goals.
With investments of more than $87 million in their Hornell, NY manufacturing site, Alstom is set to bring America’s first high-speed rail trains and support many future rail and transit programs in meeting Buy America requirements. Through the Buy America program, Alstom has strengthened their partnerships with New York State Empire State Development aiming to modernize and expand Hornell and Plattsburgh manufacturing facilities. Providing jobs and in house training at the Hornell manufacturing sites has resulted in local public and private investments worth $200 million in the City of Hornell, which has led to new housing, hotels and restaurants, and infrastructure critical to the health of the community.
“For over a century, Alstom has had an important presence in the United States and today we provide thousands of jobs across the country and uplifting the US economy. Alstom has paved and continues to pave the way in developing and modernizing America’s transportation and network,” said Michael Keroulle, President and CEO Alstom America. “Alstom is dedicated to investing in rail and transit that strengthens communities where the projects are built and also boosts the economy by creating good-paying jobs for American workers.”
Alstom, in collaboration with EY, developed this first Socio-Economic Report in the U.S. to measure its impact in the country and serve as a baseline to build upon moving forward. Download the report and discover how Alstom supports the country’s efforts to provide safe and efficient transport solutions for passengers in the U.S.
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