Georgia: The Nation's Champion for Doing Business
Metaphorically speaking, Georgia is a pulsing commercial artery that connects the South. A diversified economy, low-cost energy, enviable logistics assets and an open-mind philosophy are what separates this state from others. Pluralities of lucrative factors constitute the state’s thriving business environment. Georgia’s inherent strengths are logistics, an excellent infrastructure, workforce training, international trade incentives and the sheer quality of life define Georgia today.
Georgia stands at the crossroads of the Americas with Hartsfield-Jackson Atlanta International Airport being the world’s most busiest and efficient passenger airport in the world, 107 commercial airports, two deep-water ports, connections to the intercostal waterway, and a web of 15 interstates, the Peachstate boasts with the most extensive surface transportation network in the country
Georgia was named the best state to do business in the U.S. (Site Selection Annual ranking 2013). Small businesses and entrepreneurs have resources to start, grow and finance their small businesses. In addition to top rankings in terms of business environment; the strong corporate presence attracts many medium-and small companies. Industry giants Home Depot, UPS, Coca-Cola and Delta Air Lines are just a few of the 31 Fortune 1000 companies that chose Georgia for their headquarters. Atlanta, Georgia’s capital city is home to several of the state’s Fortune 500. In fact, only New York and Houston have more Fortune 500 headquarters than Atlanta.
In 2013, Georgia experienced its fourth record year in a row for international trade, exceeding previous years’ milestones in both imports and exports. The total value of goods exported from Georgia totaled $37.6 billion, the most the state has ever exported within a single year. Georgia ranked 11th among U.S. states in dollar value of exports. The state’s extensive international trade programs and services offer expertise to Georgia companies seeking new markets overseas and international businesses expanding here.
German investment in Georgia is growing as well. Many German companies seek to establish operations in Georgia and German companies are already major investors in the state. According to data from the Georgia Department of Economic Development, Germany ranks first among foreign countries when it comes to the number of facilities they have in Georgia, with 424 locations, nearly one-third of which are manufacturing operations. These German-affiliated companies employ more than 22,000 Georgians.
Workforce training, hiring and education are top priorities in Georgia’s efforts to help businesses grow. Few factors are more crucial to a company’s success than recruiting, training and keeping talent. Georgia’s university system is one of the nation’s largest, and more than 60,000 graduates emerge each year from the state’s colleges and technical colleges. Georgia has 51 four-year colleges and universities, as well as 35 technical colleges.