Georgia Economic Update from Chris Carr, Commissioner
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March 6, 2014
If you’ve seen any of the Hunger Games movies, X-Men: First Class, or What to Expect When you’re Expecting, you’ve seen the state of Georgia on the silver screen. Georgia’s film industry has been booming in recent years, and it’s not the only thing. Trade, tourism, the arts, and the film industry have all been moving the economic needle forward in Georgia.
Last year, Georgia was named “#1 Business Climate in the Nation” according to Site Selection magazine, and business rankings from independent third-party sources consistently rank Georgia in the top 5 or 10 states in a wide range of business climate metrics. What is driving Georgia’s success? According to Chris Carr, the Commissioner of the Georgia Department of Economic Development, Georgia’s economic growth is due to its pro-business environment, educated workforce, innovative programs, and partnerships between the state and the private sector.
As the speaker at Atlantic Capital’s January 2014 Business Leaders’ Breakfast, Carr apprised the group about the state’s latest economic developments, including wins like:
- Kautex of Georgia, Inc. is adding a 95,000-square-foot warehouse onto its current operation. The construction is planned to be finished by mid-May 2014 and represents a $3.3 million investment by Kautex, a Bonn, Germany-based subsidiary of Textron, Inc.
- Gulfstream Aerospace Corp. plans to expand its service center at the Brunswick Golden Isles Airport in Brunswick. The company signed a lease with the Brunswick and Glynn County Development Authority to develop a $25 million, 110,000-square-foot/10,219-square-meter maintenance repair and overhaul facility near its two existing hangars. The expansion is expected to create 100 additional jobs, a 50 percent increase in the size of Gulfstream Brunswick’s current workforce.
- Toyo Tire North America Manufacturing, Inc. (TNA) will expand its current facility, creating a total of 650 new jobs and $371 million investment into the project over the next four years. The expansion of TNA will add 700,000 square feet to its current 2-million-square-foot manufacturing plant by the end of 2017.
To learn more about Georgia’s pro-business climate, visit www.georgia.org.