#7 Georgia


7.53 out of 10 in Taxation and Regulation

7.37 out of 10 in Workforce Quality

8.00 out of 10 in Living Environment

Right to Work?


The Southeast’s Financial Hub

Atlanta has been building on its long-held position as a financial and commercial center. More than 70% of the financial transactions in the U.S. are routed through home-based payment processors such as World Pay, First Data and Global Payments. In recent years, Atlanta has become one of the country’s top Fintech capitals. The area is home to 90 Fintech companies employing more than 30,000 people.

From the Governor

“Once companies plant roots here in Georgia, they seem to grow at impressive rates, thanks in part to the business-friendly climate we have carefully cultivated and our highly skilled workforce.” —Gov. Nathan Deal

Key Industries

Automotive, Datacenters, Defense, Energy, Film, Financial, Food Processing, Headquarters, Life Sciences, Logistics

Key Companies

Mercedes-Benz

Key Contacts

Dept. of Economic Development

Pat Wilson, Commissioner
404-96-4000
Technology Square,
75 5th Street N.W., Suite 1200
Atlanta, GA 30308
pwilson@georgia.org
http://www.georgia.org/

Key Incentives

Mega Project Tax Credit: Incentives for businesses that employ at least 1,800 net new employees and have a minimum payroll of $150 million or make a minimum $450 million investment.

Investment Tax Credit: Offers tax credits of up to 8% of qualified capital investments of $50,000 or more for manufacturers or companies in telecom that have operated in the state for at least three years.

Work Opportunity Tax Credit: Offers up to $9,000 per hire for companies that hire individuals who have faced barriers to employment.

EDCs

Georgia Department of Economic Development: georgia.org

Savannah Economic Development Authority: seda.org

Northwest Georgia Joint Economic Development Authority: northwestgeorgia.us

Augusta Economic Development Authority: augustaeda.org

Highlighted Program or Initiative

The Georgia Department of Economic Development’s Workforce Division’s Trade Five initiative focuses on enhancing the talent pipeline in the five key industries of construction, manufacturing, telecommunication, energy and logistics.

Big Deals

  • Tech solutions provider Switch announced in May a $2.5 billion investment in a data center in Douglas County.
  • Irving Consumer Products announced in August 2017 it would create 200 jobs and develop a $400 million tissue manufacturing facility in Macon-Bibb County.
  • Home goods manufacturer and distributor Safavieh announced in August 2017 it would create 200 new jobs and invest $60 million in a distribution facility in Chatham County.
  • Online fashion and beauty retailer ASOS announced in August 2017 it would build a $40 million e-commerce fulfillment center and add 1,600 jobs in Union City.

Big Companies

17 Fortune 500 companies headquartered in state, including:
Home Depot
United Parcel Service
Coca-Cola
Delta Air Lines
Aflac
Southern Co.

C-Suite Testimonials

“Switch is extremely excited to bring the highest rated data center to the greater Atlanta metro to serve as a hub for the southeastern United States….We look forward to becoming active members of the Atlanta community and supporting the growth of the vibrant tech environment throughout the state.” —Adam Kramer, Executive Vice President of Strategy, Switch

“Atlanta is an ideal location for us; it is a vibrant and growing international city with a diverse culture. We will use the region’s transportation network and deep pool of talent to deliver ASOS best-in-class service to U.S. customers.” —Brent Dorfman, Vice President of Logistics, ASOS

“We are pleased that the state of Georgia and the Georgia Ports Authority continue to invest in infrastructure which enables our expansion and allows us to create even more quality jobs in the region.” —Darius Yaraghi, Principal, Safavieh

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