Georgia Power Community & Economic Development. What is it? Most simply, it is the creation of wealth. Economic Development.

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Presentation transcript:

Georgia Power Community & Economic Development

What is it? Most simply, it is the creation of wealth. Economic Development

What is the Process? Process of elimination - not inclusion Economic Development

Economic Development Process Why companies relocate? Most states and communities are eliminated before they even know there is a project Follow the path of least resistance Very Competitive

What are the Decision Factors? Economic Development

Top Location Decision Factors Corporate Decision Makers * Not in top ten factors for year shown Source: Area Development Magazine, Corporate Surveys, 2005 to 2011

‘10‘09‘08 Low Crime Rate11 1* (Tie) Healthcare Facilities22 1* (Tie) Housing Costs3 4* (Tie)3 Housing Availability43 4* (Tie) Ratings of Public Schools5 4* (Tie) Climate666 Colleges & Universities in the Area787 Cultural Opportunities899 Recreational Opportunities978 Source: Area Development Magazine, Corporate & Consultants Surveys, 2008 to 2010 Top Quality of Life Corporate Decision Makers

The More You Learn, The More You Earn Unemployment Rate in 2011 (in %) Source: Bureau of Labor Statistics, 2012 Median Weekly Earnings in 2011 (in $)

Source: Report Card, The Governor’s Office of Student Achievement, and FY 2011Report, Georgia Department of Corrections Cost of Education vs. Incarceration

Proximity to markets Transportation Labor costs University system Non-unionized workforce Electricity Training Pro-business government Attraction of talent Why Georgia is Good for Business

GA Department of Economic Development GA Department of Labor GA Department of Community Affairs University and Technical College System of Georgia GA Ports Authority GA Department of Revenue GA Department of Natural Resources Chamber of Commerce and Development Authorities Atlanta Regional Commission Georgia Research Alliance Elected officials Banks, railroads, developers and real estate brokers Public school system Utility Companies Who are the players

The largest subsidiary of Southern Company Investor-owned, tax-paying utility 8,552 employees 2.4 million customers Serves 155 of the state’s 159 counties *Oldest statewide economic development organization in Georgia Georgia Power Overview

More Than 85 Years of Generating Growth

Community Development (region-based) Metro (including Urban Policy) Non-Metro Statewide Economic Development Engineering (Sites, Parks, Prospects) Georgia Resource Center Research Community Relations C&ED Major Resources

Assist existing industry with expansions, as well as retention. Coordinate business recruitment at the local level. Provide assistance with workforce training incentives and tax credits. Instruction for local leaders in the five-step economic development process. Partner with State of Georgia regional representatives in business expansion, recruitment and retention. Region Support Services

Statewide Economic Development Site location expertise for manufacturing, corporate or regional headquarters, R & D, data centers, back office, life sciences, and warehouse/distribution facilities Site visit coordination including liaison with local leaders Access to state and local incentives Custom market and supplier analyses and industry research Partnerships with state allies and government agencies

Engineering evaluation and analysis of sites (physical features, environmental, and feasibility studies). Preliminary site plan designs to show how a proposed facility could work on a particular site. Information on available sites and buildings in Georgia. Business and industrial park site selection analysis. Conceptual designs for business and industrial parks. GIS analysis and maps. Site and building flyers, and large format industrial park photography. Engineering Services

More than 500 industrial parks designed by Georgia Power

Comprehensive RFI preparation. Demographic and business data for specific market areas. Custom market and supplier analyses. Industry-specific research reports on target industries. Customized city and state comparisons. Custom maps and graphics. Available office and industrial building searches. Research

Georgia Resource Center

What Can You Do? Economic Development

Thank You ! Economic Development