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1 WHY ATLANTA FOR GROWTH? techUK 6 June 2016. 2 THE SOUTHEAST: ECONOMIC ENGINE OF THE U.S. Southeast states include Florida, Georgia, Alabama, Mississippi,

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Presentation on theme: "1 WHY ATLANTA FOR GROWTH? techUK 6 June 2016. 2 THE SOUTHEAST: ECONOMIC ENGINE OF THE U.S. Southeast states include Florida, Georgia, Alabama, Mississippi,"— Presentation transcript:

1 1 WHY ATLANTA FOR GROWTH? techUK 6 June 2016

2 2 THE SOUTHEAST: ECONOMIC ENGINE OF THE U.S. Southeast states include Florida, Georgia, Alabama, Mississippi, North Carolina, South Carolina, Kentucky, Tennessee Southeast is the leading market for population and economic growth in U.S. One of world’s largest economies in the world at $3.6 trillion (2013) Over $720 billion in retail sales Population: 81.4 million (2014) Atlanta is commercial and cultural hub of region Changes in U.S. Congressional representation 2010 U.S. Census: Southeast gains 4 Congressional seats; Northeast loses 5, Midwest loses 6. Atlanta

3 3 29 counties, 8,700 square miles, 22,600 square kilometers (MSA) Metro GDP: $325 billion (2014) Largest metro economy in US Southeast 3.0% growth 2013-2014 (U.S. average: 2.3%) Capital of Georgia - growing but stable state - State GDP: $476 billion (2014) - largest state east of Mississippi River - population: 10.1 million (2014) - fastest-growing state of the top 10 most populous - one of only 8 U.S. states with AAA bond rating from all 3 ratings agencies METRO ATLANTA

4 4 Sources: FORTUNE magazine, June 4, 2015 *PulteGroup relocated from Michigan in 2014 Metro Atlanta FORTUNE Headquarters DIVERSE ECONOMY & BUSINESSES FORTUNE 500 (18) FORTUNE 1000 (11)

5 5 Sources: Georgia Department of Labor, 2013 Current Employment Statistics, Atlanta MSA, not seasonally adjusted DIVERSE ECONOMY & BUSINESSES

6 6 Source: Metro Atlanta Chamber Metro Atlanta High-Growth Industry Clusters Health IT Mobile Technologies Financial Transactions Processing Software & Internet Security Digital Media

7 7 Atlanta Map courtesy of Georgia Power Community & Economic Development ACCESS Strategic Location Most of the U.S. population lives in the eastern third of the country More than 80% of U.S. consumers can be reached from Atlanta in two flight hours or two truckload delivery days

8 8 Sources: GeorgiaFacts.org; Georgia Department of Economic Development; Metro Atlanta Chamber; U.S. Census Bureau, American Community Survey INTERNATIONAL PRESENCE The State of Georgia has nearly 3,000 foreign-owned business operations which represent 57 countries and employ more than 169,000 Georgians, of which approximately 2,200 foreign-owned business operations and 106,000 employees are in metro Atlanta Approximately 66 countries have representation in metro Atlanta with 77 consular and trade offices and 31 bi-national chambers of commerce More than 735,000 people in metro Atlanta are foreign-born (2013) 2 nd -fastest growing foreign-born population of 20 largest U.S. metro areas Updated international arbitration code positions Georgia as a global destination for the settlement of complex disputes between international companies

9 9 * Includes trade offices and business offices Source: GeorgiaFacts.org, August 2015 INTERNATIONAL PRESENCE Top Ten Investor Countries in Georgia # of Facilities # of Employees Consulate Chamber * 1.Germany 495 23,196 2.Japan 418 25,538 3.United Kingdom 308 22,392 4.France 258 13,086 5.Canada 238 18,131 6.The Netherlands 143 13,321 7.Switzerland 123 6,183 8.Sweden 111 6,221 9.Ireland 78 6,688 10.Mexico 75 2,834

10 10 SAMPLING OF UK COMPANIES IN GEORGIA

11 11 UK RESOURCES IN ATLANTA International Baccalaureate Diploma Multiple daily nonstops between Atlanta and UK Atlanta

12 12 Sources: Metro Atlanta Chamber / Human Capital Research Corp; Technical College System of Georgia; National Center for Education Statistics; Georgia Student Finance Commission; MSN Money, “America’s 10 Most Affordable Colleges,” October 18, 2013 Top higher education center for enrollment growth, degrees awarded & research spending 66 colleges & universities in the metro Atlanta region enroll more than 275,000 students each year Seven 2-year colleges enroll more than 60,000 students each year Waivers available for granting “in-state” tuition fees to relocating families HOPE (Helping Outstanding Pupils Educationally) Tuition scholarship and grant program for higher education in Georgia for both public and private university and technical college systems Georgia Tech #1 and University of Georgia #2 most affordable college HIGHER EDUCATION

13 13 COMPETITIVE BUSINESS CLIMATE #1 State for Business – CNBC, 2014 #1 State for Doing Business – Area Development, 2014 #1 State for Business Climate – Site Selection, 2014 #1 Most Competitive State in the Nation – Site Selection, 2014 #1 Metro for Lowest Cost of Doing Business (of the largest U.S. metro areas) – KPMG, 2014 #1 State for Workforce – CNBC, 2014 #1 City for Attracting Top Talent – Heidrick & Struggles, 2013 Top Business Rankings

14 14 COMPETITIVE BUSINESS CLIMATE Top Entrepreneurial Rankings #1 Best City to Start a Business – NerdWallet, 2013 #1 City for Young Entrepreneurs – Under 30 CEO, 2013 #3 Hot City for Entrepreneurs – Forbes, 2013 Top 10 Best City for Small Business – Biz2Credit, 2014 Top 10 Metro for Entrepreneurial Activity – Kauffman Foundation, 2014 Top 10 State for Small Business Friendliness – Thumbtack.com/Kauffman Foundation, 2014

15 15 U.S. Baseline = 100 Metro Atlanta Cost of Doing Business COMPETITIVE BUSINESS CLIMATE Metro Atlanta is the most cost competitive major metro area in the nation for business. Among the 31 major U.S. metro areas (minimum population of 2 million), metro Atlanta ranks #1 lowest cost of doing business, with an index of 94.7 which represents costs 5.3% below the U.S. baseline. Cost of Doing Business Index - 10 Largest U.S. Metro Areas Source: KPMG Competitive Alternatives: Guide to International Business Location Costs, 2014

16 16 Source: C2ER/ACCRA Cost of Living Index, 2014 Cost of Living Index LOW COST OF LIVING U.S. Average: 100

17 17 S ILVER C OMET T RAIL Piedmont Park 100 sites QUALITY OF PLACE

18 18 E: GLOBALCOMMERCE@MACOC.COM GLOBAL.METROATLANTACHAMBER.COM


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