Georgia named Top State for Business for 6th year

Georgia has again been named the Top State for Business by Area Development magazine

 

The results are determined by the publication’s poll of site consultants and it’s the sixth consecutive year that the state has taken the top spot.
“This announcement serves as a powerful testament to what we all know to be true: Georgia is the best place to live, work, and raise a family,” Gov. Brian Kemp said in a press release. “Our efforts to cut red tape and ensure our business environment leads the nation continue to lure world-class companies to the Peach State from every corner of the map.”
Area Development’s 2019 Top States for Doing Business results reflect the rankings that states receive based on weighted scores in the following 12 categories: overall cost of doing business, corporate tax environment, business incentives programs, access to capital and project funding, competitive labor environment, shovel-ready sites program, cooperative and responsive state government, favorable general regulatory environment, speed of permitting, favorable utility rates, leading workforce development programs, and most improved economic development policies.
The rankings are drawn from an editor’s poll of leading site location, supply chain, 3PL, real estate, and corporate business consultants maintained in our proprietary consultant database, according to Area Development Publisher and President Dennis J. Shea.
“We poll those consultants who are actively responsible for guiding scores of corporate site location project decisions, billions of dollars in capex, millions of square feet in new construction, and most importantly, creating thousands of new jobs across all 50 states,” Shea said.
Kemp along with the Georgia Department of Economic Development on Tuesday also announced that the Global Commerce and Film divisions had a record breaking fiscal year in 2019 supporting 28,960 new jobs and generating more than $7.4 billion in investment through the location 332 projects, including new locations and existing industry expansions.
Seventy-four percent of the total economic development announcements were outside of the Atlanta area. Industries with significant job growth in FY19 include FinTech, health IT, and manufacturing. Thirteen South Korean projects represent the most jobs created as well as the highest investment percentage from a single country.

“Year after year, our team at the Georgia Department of Economic of Development works to secure Georgia’s status as the No. 1 state for business,” said GDEcD Commissioner Pat Wilson.
“Today, we put the spotlight on our Global Commerce and Film Divisions, which both had incredible success during FY19.”

Productions resulted in a record $2.9 billion invested in the state in FY19 with 399 projects filming across the state, including 26 feature films, 31 independent films, 214 television series, 91 commercials and 29 music videos.
“The entertainment industry has found a home in Georgia,” said GDEcD Deputy Commissioner for Film, Music & Digital Entertainment Lee Thomas.
“While the spotlight certainly shines on our competitive incentive, it is the Georgia-based skilled crew, diverse topography, available infrastructure, and the hundreds of small businesses that support our productions that keep us ranked as one of the top filming locations in the world.”

 

Courtesy of Savannah Now. Read more here.

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