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NATIONAL ASSOCIATION OF BUSINESS ECONOMISTS ATLANTA CHAPTER Tom Croteau Georgia Department of Economic Development GEORGIA DEPARTMENT OF ECONOMIC DEVELOPMENT: WHO WE ARE: The Georgia Department of Economic Development (GDEcD) is the

NATIONAL ASSOCIATION OF BUSINESS ECONOMISTS ATLANTA CHAPTER Tom Croteau Georgia Department of Economic Development
GEORGIA DEPARTMENT OF ECONOMIC DEVELOPMENT: ► WHO WE ARE: The Georgia Department of Economic Development (GDEcD) is the marketing and sales arm of the State of Georgia ► WHAT WE DO: Strategically deliver economic development throughout the state by: ► Attracting new business investment ► Supporting the expansion of existing industry and small businesses ► Locating new markets for Georgia products ► Attracting tourists from within and outside the state ► Promoting Georgia as a desirable location for entertainment businesses and projects
GDECD: GLOBAL COMMERCE DIVISION ► The Global Commerce division assists businesses by coordinating: ► Site Location Services ► Market Research ► Business Incentives Analysis ► Employee Training ► Innovation and R&D Services ► Export Assistance ► International Office Assistance
GLOBAL COMMERCE: TEAM FOCUSED / INDUSTRY SPECIFIC Aerospace, Defense & Advanced Manufacturing ► Logistics, Energy, Agribusiness, & Food Processing ► Health Sciences & Advanced Technologies ► Corporate Solutions ► International Investment ► Existing Industry and Regional Recruitment ► International Trade ► Centers of Innovation ►
GLOBAL COMMERCE: STATEWIDE CONNECTIONS Regional Project Managers – Work with existing companies on expansion projects – Recruit new companies targeted for their region – Provide regional expertise and local connections
GLOBAL COMMERCE: INTERNATIONAL OFFICES 10 International Offices
28 TH ANNUAL CORPORATE SURVEY
28 TH ANNUAL CORPORATE SURVEY
28 TH ANNUAL CORPORATE SURVEY Use of outside site selection or business consultants making a location decision: Yes 43% No 57% If consultants outside the company are used, services they are providing:
28 TH ANNUAL CORPORATE SURVEY
28 TH ANNUAL CORPORATE SURVEY
28 TH ANNUAL CORPORATE SURVEY
28 TH ANNUAL CORPORATE SURVEY
Shale Gas Plays - Lower 48 States Source: Energy Information Administration
GLOBAL ACCESS: GEORGIA’S EXPORT GROWTH 2002 -2012 $40 $35.9 B $35 $30 Value in $ Billions $25 $23.4 B $20 $14.4 B $15 $10 $5 $- 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
28 TH ANNUAL CORPORATE SURVEY
28 TH ANNUAL CORPORATE SURVEY
28 TH ANNUAL CORPORATE SURVEY
GEORGIA’S 7.0% UNEMPLOYMENT RATE (APR ‘14 ) 9.0% 8.4% 8.4% 8.5% 8.3% 8.2% 8.3% 8.0% 8.0% 7.8% 7.6% 7.4% 7.5% 7.3% 7.1% 7.0% 7.0% 7.0% 6.5% 6.0%
GEORGIA AHEAD IN BUSINESS

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