News & Press
“In fiscal 2014, Georgia had 374 economic development announcements;28,000 new jobs;$5 billion in investment,” said GDEcD's Jennifer Nelson
At their annual meeting in Savannah last week, more than 700 members of the Georgia Economic Development Association celebrated a nearly unprecedented trifecta as Georgia was declared the No. 1 state in which to do business no fewer than three times this year — by CNBC, Site Selection Magazine and, most recently, by Area Development Magazine.
“In fiscal 2014, Georgia had 374 economic development announcements reflecting more than 28,000 new jobs and $5 billion in investment,” said Jennifer Nelson of the Georgia Department of Economic Development. “And, of the new locations, 20 percent were by international companies, a statistic that continues to grow.”
Of those announcements, 69 percent were expansions of existing Georgia companies, Nelson said, speaking Thursday as part of a panel of Georgia Department of Economic Development project managers moderated by MEDC Sr. Vice President, Pat Topping.
The announcements were particularly strong in three key sectors — aerospace, call centers and logistics and distribution. Also interesting, Nelson said, was that more than half of the new jobs created and three-quarters of the investment generated was outside the metro Atlanta area.