Georgia boasts one of the top pro-business environments in the nation. State statutes, economic development practices, business development support, fiscal conservatism, community leadership and an innovative, progressive business community all combine to provide an ecosystem that is prime for doing business. Here’s why:
Year after year, Georgia ranks as one of the top states for business. The state was named the “Best Business Climate” by Site Selection magazine 6 years in a row (2013-2018). Area Development magazine also listed Georgia as the “Top States for Business” 5 years in a row (2014-2018).
Georgia was the first Southeastern state to pass single-factor corporate tax apportionment. This means that in-state sales are the only relevant factor in determining the portion of taxable income to which the 5.75 percent corporate tax rate is applied.
Georgia is one of a handful of states to have the highest bond ratings (AAA) from all three major municipal bond rating agencies — Moody’s, Fitch and Standard & Poor’s.
State law mandates that Georgia continuously maintain a balanced state budget. And the state consistently maintains one of the nation’s lowest debt-per-capita levels.
Industry giants like The Home Depot, UPS, The Coca-Cola Company and Delta Air Lines are just a few of the 17 Fortune 500 and 30 Fortune 1000 companies that chose Georgia for their headquarters. View full list ▶
The Georgia Department of Economic Development (GDEcD) has industry experts and project managers whose sole responsibility is to help businesses expand.
These professionals connect companies large and small to government and business leaders at home and abroad; represent the state’s industries at conventions and meetings worldwide; and provide a wealth of data and analysis to inform decision-making. Read case studies ▶
Strong, forward-thinking community leadership is a key component to Georgia’s pro-business approach.
The Georgia Department of Economic Development (GDEcD), Georgia Chamber of Commerce, Georgia Economic Developers Association and dozens of other development agencies statewide assist businesses in connecting to and communicating with communities, educating a diverse workforce and promoting the growth of their industries. Read more ▶
GDEcD offers top-ranked workforce development for businesses, with programs like internationally-acclaimed Quick Start and public-private partnerships among the Technical College System of Georgia (TCSG), the University System of Georgia and private employers. This unique and proactive environment gives businesses a competitive advantage when it comes to learning about workforce challenges and the needs they will have over the next 5 to 10 years.
The High Demand Career Initiative (HDCI) is designed to be a sustained effort to create a long-term infrastructure of communication and partnerships to meet Georgia’s workforce needs.
The Georgia Competitiveness Initiative is bringing together industry and government to further strengthen Georgia’s economic development strategy.