U.S. corporate executives hold the Peach State in high regard.
The U.S. Department of Labor’s Bureau of Labor Statistics (BLS) announced that Georgia is ranked sixth nationally and third in the Southeast for top job growth. With the creation of over 79,300 new jobs in the past 12 months, Georgia represents a strong 2.0 percent annual growth rate, which is higher than the nation’s average of 1.8 percent.
It’s difficult to beat Texas on any list of economic development power states these days, but Georgia did exactly that in the Area Development survey of site consultants, nudging Texas down into the No. 2 spot after it finished No. 1 a year ago. Georgia’s accomplishment was especially impressive because of the breadth of its strong performances over most of the 18 categories voted on by the consultants, including top-three finishes in 12 of them.
The Area Development honor follows other recent recognition of Georgia’s rise in the ranks, which included its choice by a CNBC study as the No. 1 place for business in America. Such rankings “are a testament to the commitment from Georgia businesses, communities, economic development partners, and the people of Georgia,” Gov. Nathan Deal said in a statement, indicating his confidence that “more businesses will consider expanding or relocating here.”
Georgia’s success has come from dead reckoning in areas that are crucial to business locators. That includes the state’s welcoming and business-friendly government, to be sure. And employers are enthusiastic about one of the Georgia legislature’s most recent moves: passing significant workers’ compensation reform that cuts costs for business.
The state also enjoys a strong infrastructure, featuring Hart International, one of the world’s most efficient passenger airports; two deepwater ports; and one of the nation’s most extensive surface-transportation networks. (The consultants ranked Georgia No. 2 for its overall infrastructure and global access.)
No wonder that Georgia has been able to announce a continuing string of business expansions and relocations over the last year. One of the biggest was the plan hatched by Kia to expand its auto-making operations in the state as the Korean automaker increases its share of U.S. car sales. Its Georgia workforce has, in fact, helped the brand move to the top of automotive-quality perceptions among American consumers. In fact, Georgia’s Quick Start has ranked as the leading workforce development program among site consultants polled in the Area Development Top States for Doing Business survey in each of the five years it has been conducted.
Source: Area Development, 3rd Quarter 2014
Georgia is America's top state for business, CNBC said in a survey released in the sumer.
With Volkswagen's expansion, the hunt is on to lure more automotive suppliers to the region.
Ringgold Recycling: Shaw Industries Group is expanding its reclamation and recycling program in Catoosa County, creating 70 new jobs.
Lured by some of the most generous tax credits in the country, film producers boosted spending on motion picture and television shows in Georgia last year by more than 50% to a record high $1.4 billion.
The following information is provided by: Georgia Power, Moody's Analytics, U.S. Census Bureau, American Community Survey, Hartsfield-Jackson Atlanta International Airport, Tech America, Fortune Magazine, GPA
Georgia was recognized by Site Selection magazine as the state with the best business climate, besting North Carolina which had claimed the title last year. The magazine cited such economic development projects as carpet manufacturer Shaw Industries Group's plan to invest $85 million to build a facility in Northwest Georgia with an estimated 500 jobs.
Georgia Economic Developers Association gave the Sumerville project, Mohawk Industries plant expansion, its annual "Deal of the Year" award in the small communities (50,000 and under) category.
Area Development Magazine's recent Site Consultant Survey for 2013 has ranks Georgia among the top states for companies to do business.
Georgia's prime location, infrastructure assets and industry network provide companies a head start for moving goods faster, better and cheaper, and keeping up with rapidly evolving supply chains. Combining the state's logistics assets with its location in the heart of the fastest-growing U.S. population region - and access to more than 80% of the U.S. market within a two-day truck trip - creates a powerful location for companies to work from.
The Dade County Industrial Development Authority has launched their new website.
Fort Oglethorpe was the fastest growing city in the area during the 2000-2009 decade with a 42.2% change in population.
A 10-County Region of Northwest Georgia is projected to grow by almost 500,000 people in the next 40 years.