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Inward Investment Guides

Location Notebook: TVA Hitching Its Wagon to the Auto Industry

Cynthia Kincaid , Kincaid Strategic Partners (Q3 2015)
TVA is driving to make automotive manufacturing the cornerstone of the region. More

2015 Gold & Silver Shovel Awards Recognizing Excellence in State Job Creation and Economic Development Efforts

Area Development Magazine Special Presentation (Q2 2015)
Area Development’s annual awards recognize individual states for their overall economic development effectiveness. This year, we honor 21 states for their achievements in 2014 in garnering investment and job creation with Texas, Georgia, Tennessee, South Carolina and Nevada awarded the Gold Shovel. More

In Focus: Adaptive Reuse Gaining Traction in the Office Market

John Portman, IV, Chief Operating Officer, Portman Holdings (Q1 2015)
As companies compete to attract the best talent possible, locating in a redeveloped building — with its character, charm, and amenities — is becoming a key part of recruitment and retention strategies. More

The United States: A Growing Competitor for New Manufacturing Plants

Alexandra Segers, International Senior Account Executive/Program Manager, SSOE Group (Q1 2015)
As companies continue to review their global site selection options, they are realizing the strong, measurable advantages a U.S. location offers. These advantages can easily be overlooked if the location decision is based on limited information or preconceived notions. More

Expanding the Cloud: The Top Data Center Markets in North America

Area Development Online Research Desk (Data Centers 2015)
The data center market is seeing high demand and low price. The competitive pricing is due in part to the large number of options available, yet the industry is expected to enjoy 32 percent growth in North America by 2016, ultimately becoming a $14.8 billion market. More

The Mystery Impact of Data Centers on Local Economies Revealed

John Lenio, Economist and Managing Director, Economic Incentives Group (EIG), CBRE  (Data Centers 2015)
Although they do not create as many permanent jobs as other types of projects, capital investment in data centers can be quite substantial, justifying large incentives offerings. More

10 Inland Ports to Watch

Tim Feemster, Managing Principal, Foremost Quality Logistics (Intermodal Sites)
Inland ports are poised to play an increasingly vital role and could be a large part of the answer to both the fuel and congestion concerns in the domestic supply chain. More

Assessing a Location’s Workforce

Keith Gendreau, Consulting Manager, Global Consulting Group, Cushman & Wakefield (Workforce Q1 2015)
Every labor market is unique. Evaluating a region’s labor suitability for a new or expanding operation should consider many factors beyond population size and unemployment rates. Understanding the interconnectivity of topics pertaining to competitive demand, pay practices, attrition, applicant flow/quality, geographic site positioning, union activity, benefit offerings, and training resources is important and will better inform a location commitment decision. More

GEORGIA at a glance

POPULATION: 9,992,167 (2013 U.S. Census estimate)

LABOR FORCE: 4,767,323 (2013 annual average, Source: GA Dept. of Labor, Workforce Information & Analysis, Local Area Unemployment Statistics Unit)

RIGHT TO WORK: yes

STRATEGIC INDUSTRIES:Advanced manufacturing, automotive, aerospace, health sciences and advanced technology, business and financial services, logistics, energy, defense, agribusiness, food processing, film, music, digital entertainment, tourism

COLLEGE GRADUATES: (Age 25 and over with BA or higher) 28.9%

BASIC BUSINESS TAXES:
Corporate Income Tax: 6 percent of income apportioned to Georgia (single sales factor formula for corporate income tax)

Sales Tax: 4 percent; counties levy an additional 2-3 percent local sales tax

Property Tax: Millage rates vary by county and city

BUSINESS INCENTIVES:
Job tax credits

Investment tax credits

Quality Jobs Tax Credit

Mega Project Tax Credit

Ports Activity Tax Credit

Film/multimedia tax credits

Retraining tax credits

Childcare tax credits

R&D tax credits

Sales & use tax exemptions (including on manufacturing machinery & equipment, primary material handling equipment, and energy used in manufacturing)

Inventory tax exemptions

Hiring assistance (Georgia Dept. of Labor)

Quick Start (employee training)

HOPE Scholarship and Grant

Entrepreneur and small business development tax incentives

Angel Investor Tax Credit

Centers of Innovation

Enterprise zones

Foreign-trade zones

Export Finance Fund

Principal Manufacturing industries

  • Food
    17.2%
  • Textile Mills & Products
    12.6%
  • Transportation Equipment
    12.8%
  • Fabricated Metals
    7.3%
  • Chemicals
    5.4%
  • Plastics and Rubber Products
    5.5%
  • Paper Products
    5.1%
  • Wood Products
    4.4%
Source: Georgia Department of Labor, 1st Quarter 2014, Quarterly Census of Employment and Wages