CEO Guide to Site Selection

#11

Georgia

CEO Rank on Best & Worst States for Business

FUELING A BRIGHT FUTURE WITH FIN- TECH AND MANUFACTURING

The Peach State continues to rise the ranks inChief Executive’s Best & Worst States to do Business, moving up from #11 to 2020 to #9 in 2021. Atlanta’s increasing momentum as a fintech hub is fueled by big announcements from companies like Visa, which will add 1,000 jobs in the city. Manufacturing remains another strong sector in the state with companies like Peachtree Corners, Freshly, Danimer Scientific and Hyundai announcing expansions in 2021

“Hyundai Motor Manufacturing Alabama is an integral member of not only the River Region but the entire state of Alabama. I’m thrilled to celebrate the 5 millionth vehicle rolling off the line in our great state. Alabama has become a major player in the automotive industry, and today’s milestone proves we will maintain our status as an industry leader.”
Kay Ivey
Governor

TAXES

0 %

top corporate income tax

# 0

on the Tax Foundation’s State Business Tax Climate Index ranking

EDUCATION

0 %

of students graduated high school in 2019

0 %

of adults age 25 and older have a bachelor’s degree or higher

UNEMPLOYMENT RATE

0 %

RIGHT TO WORK STATE

Yes

QUALITY OF LIFE

# 0

POPULATION GROWTH

0 %

increase between 2010 and 2020

KEY INCENTIVES

Job Tax Credit: Offers a tax credit of between $1,250 and $4,000 per year for five years for every new jobs created.

Port Tax Credit Bonus: Offers a tax credit for companies that increase imports or exports through a Georgia port by 10% for base port traffic amount that equals at leastTEU units.

Quality Jobs Tax Credit: Offers a credit of $2,500 to

$5,000 per new job annually for companies that create 50 jobs that pay at least 10% above the average wage of the county.

R&D Tax Credit: Offers a tax credit for research and development activities, including lab work, prototyping products or processes, or conducting tests on newmanufacturing equipment.

Life Sciences Tax Credit Bonus: Adds to the Jobs Tax Credit for companies that create new jobs to manufacture pharmaceuticals, medicines, and medical suppliers and equipment, broadening the tax credit previously applied to manufacturers of PPE and hand sanitizer.

EDCs

Georgia Department of Economic Development
georgia.org

Invest Atlanta
investatlanta.com

Greater Columbus Georgia Chamber of Commerce
choosecolumbusga.com

Savannah Economic Development Authority
seda.org

HIGHLIGHTED PROGRAM OR INITIATIVE

Georgia’s College and Career Academies educate work- force-ready students for the jobs of today and careers of tomorrow. Through the state’s technical college system,Department of Education and the Office of the Governor and Office of the Lieutenant Governor, students have access to training in the area of engineering, bio- medicine,technology, logistics, robotics and many more of the skills needed to compete in the global market.

BIG DEALS

  • Hyundai Transys announced in December 2020 a 678- job, $241 million expansion of its operations with a new manufacturing facility in West Point.
  • Nestlé Purina announced in December 2020 a $550 million expansion of its Hartwell food manufacturing facility, creating up to 130 jobs.
  • Danimer Scientific announced in March 2021 a $700 million expansion in Bainbridge, creating 400 jobs to expand its manufacturing operations.
  • Freshly announced manufacturing facilities in Clayton County in June 2021 and Cobb County in February 2021, creating more than 900 jobs and investing more than $26 million.
  • Robotic-assisted surgery pioneer Intuitive announced in August 2021 a $500 million, 1,200 job expansion in Peachtree Corners.
  • Visa announced a new hub in Midtown Atlanta in September 2021, creating approximately 1,000 jobs in the region.

BIG COMPANIES

18 Fortune 500 companies headquartered in state, including:

  • Coca-Cola
  • Aflac
  • Delta Air Lines
  • First Data
  • Home Depot
  • Mohawk Industries
  • SunTrust Banks
  • Southern Company United Parcel Service
  • Veritiv