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Metro Atlanta Offers… METRO ATLANTA OFFERS… • Regional Business Center • Diverse Economy & Businesses • Competitive Business Climate • Global & Domestic Access • International Presence • Talented Workforce • Higher Education • Low Cost of Living • Quality of Life REGIONAL BUSINESS CENTER Southeast Region • GDP: $3.8 trillion (2015) o Largest economy of all regions in the U.S. (based on GDP) o One of the world’s largest economies o only 2 foreign countries have a greater GDP than U.S. Southeast: China & Japan o 21% of nation’s GDP • Population: 82.2 million (2015) o 26% of nation’s population • Nonfarm Employment: 33.6 million (2015) Sources: U.S. Bureau of Economic Analysis; World Bank; U.S. Census Bureau; U.S. Bureau of Labor Statistics REGIONAL BUSINESS CENTER Metro Atlanta • GDP: $339.2 billion (2015) o 10th-largest metro economy in the U.S. o Largest metro economy in the Southeast region o 69% of Georgia’s GDP o Forecasted to grow to $659.4 billion (2050) • Population: 5.7 million (2015) o 9th-largest metro area in the U.S. o 2nd-largest metro area in the Southeast region o Forecasted to grow to 9.3 million and become the most populous metro area in the Southeast region and the 7th-largest metro area in the U.S. (2050) • Nonfarm Employment : 2.6 million (2015) • Commercial Real Estate: 1.3 billion square feet – Office/Industrial/Retail (2015) o Largest commercial real estate market in the Southeast region Sources: U.S. Bureau of Economic Analysis; U.S. Bureau of Labor Statistics; U.S. Census Bureau; Woods & Poole Economics, Inc. 2015; CoStar Group DIVERSE ECONOMY AND BUSINESSES FORTUNE 500 (16) FORTUNE 1000 (9) Metro Atlanta FORTUNE Headquarters Sources: FORTUNE magazine, June 6, 2016 DIVERSE ECONOMY AND BUSINESSES Automotive Systems Company of America Metro Atlanta Corporate Headquarters, Manufacturers, Subsidiaries, Operations (sample companies) DIVERSE ECONOMY AND BUSINESSES Metro Atlanta Nonfarm Employment by Industry (2015) Construction, 4.2% Information, 3.4% Natural Resources Other Services, and Mining, 3.7% 0.1% Trade, Manufacturing, 6.1% Transportation, and Utilities, 22.4% Finance, 6.3% Professional and Leisure and Business Services, Hospitality, 10.5% 18.5% Educational and Health Services, 12.3% Government, 12.5% Sources: U.S Bureau of Labor Statistics, Atlanta MSA 2015 annual averages, not seasonally adjusted Health IT Mobile Technologies Financial Transactions Processing Software & Internet Security Digital Media Source: Metro Atlanta Chamber METRO ATLANTA HIGH - GROWTH INDUSTRY CLUSTERS GLOBAL AND DOMESTIC ACCESS Strategic Location • Most of the U.S. population lives in the eastern third of the country • 80% of U.S. consumers can be reached from Atlanta in two flight hours or two day’s trucking by highway Atlanta GLOBAL AND DOMESTIC ACCESS Passenger Air Service Hartsfield-Jackson Atlanta International Airport • World’s “most-traveled” airport based on passenger volume – More than 100 million passengers annually – Nearly 250,000 passengers each day • Within a 2-hour flight of 80% of U.S. population • Nonstop flights to more than 150 U.S. destinations and over 70 international destinations in 45 countries • #1 U.S. airport for total nonstop markets served (domestic and international) • Average of 2,500 daily departures and arrivals • 5 runways • 40 international gates Source: Hartsfield-Jackson Atlanta International Airport U.S map courtesy of Georgia Power Community & Economic Development Highways • Three major interstate highways (I-75, I-85, I-20) • 80% of U.S. population reachable within 2 truckload delivery days Rail • Over 5,000 railroad miles in Georgia – the largest intermodal hub in the region • The rail center of the Southeast and one of the five most important distribution centers in the U.S. • CSX Transportation and Norfolk Southern each operate more than 80 freight trains in and out of Atlanta daily • Overnight freight service available from ports Ocean • 250 miles (400 kilometers) from the Port of Savannah • Nation’s fastest-growing and 4th-largest container port – 2nd-largest on the east coast • 2nd-most exports in the nation • Only U.S. port to have two Class-1 railroad facilities on terminal – CSX and Norfolk Southern Sources: Georgia Department of Economic Development; American Association of Port Authorities; Georgia Ports Authority; Georgia Power Economic Development GLOBAL AND DOMESTIC ACCESS INTERNATIONAL PRESENCE Top Ten Investor Countries in Georgia # of Facilities # of Employees Consulate Chamber * 1. Germany 507 23,404 2. Japan 417 25,537 3. United Kingdom 287 20,641 4. France 258 13,086 5. Canada 234 18,081 6. The Netherlands 147 13,224 7. Switzerland 124 6,183 8. Sweden 110 6,141 9. Ireland 78 6,688 10. Mexico 75 2,834 Source: Georgia Department of Economic Development, February 2016 • The State of Georgia has approximately 2,700 foreign-owned business operations which represent 50 countries and employ more than 167,000 Georgians, of which approximately 1,850 foreign-owned business operations and 107,000 employees are in metro Atlanta • 67 countries have representation in metro Atlanta • 81 consular and trade offices • 34 bi-national chambers of commerce • Home to CIFAL Atlanta, a North American center of the United Nations Institute for Training and Research (UNITAR) • Site of many international organizations’ conferences such as the Americas Competitiveness Forum (ACF), Experience America Ambassadors Tour, Bio International Convention • More than 750,000 people in metro Atlanta are foreign-born (2015) • 2nd-fastest growing foreign-born population of 20 largest U.S. metro areas (2000-2012) • Host of many international festivals and cultural events • Updated international arbitration code positions Georgia as a global destinations for the settlement of complex disputes between international companies Sources: GeorgiaFacts.org; Georgia Department of Economic Development; Metro Atlanta Chamber; U.S. Census Bureau, American Community Survey INTERNATIONAL PRESENCE TALENTED WORKFORCE • 2.8 million in the workforce • 35.8% of population 25 years and over have completed higher education with a bachelor’s degree or higher • Approximately 290,000 college-educated 25-34 year olds • 4th lowest union membership rate in the nation (4.0%) • Georgia is a right-to-work state – workforce cannot be forced to join a union • Georgia is an employment-at-will state – employer can make terminations for good, bad or no cause at all • Georgia has an internationally acclaimed workforce development program – QuickStart • Atlanta ranked as the top U.S. city for recruiting leadership talent by executive talent recruiters Sources: U.S. Bureau of Labor Statistics; U.S. Census Bureau, American Community Survey; CityObservatory; Metro Atlanta Chamber; Heidrick & Struggles 2013 • Top higher education center for enrollment growth, degrees awarded & research spending • 70 colleges & universities in the metro Atlanta region enroll more than 275,000 students each year • Seven technical colleges enroll more than 35,000 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 Sources: Metro Atlanta Chamber / Human Capital Research Corp; Technical College System of Georgia; National Center for Education Statistics; Georgia Student Finance Commission. HIGHER EDUCATION COMPETITIVE BUSINESS CLIMATE Top Business Rankings • #1 State for Doing Business – Area Development, 2014, 2015, 2016 • #1 State for Business Climate – Site Selection, 2013, 2014, 2015, 2016 • #1 State for Incentive Programs – Area Development, 2015 • #1 State for Cooperative State Government – Area Development, 2015 • #1 State for Favorable Regulatory Environment – Area Development, 2015 • #1 State for Overall Labor Climate – Area Development, 2015 • #1 State for Leading Workforce Development Programs – Area Development, 2015 • #1 Most Cost Competitive Metro Areas in the U.S. for Business (among the 10 largest U.S. Metro Areas)- KPMG, 2016 • #6 Metro Area for Best Business Tax Climate - Business Facilities, 2015 COMPETITIVE BUSINESS CLIMATE Top Entrepreneurial Rankings • #1 Most Entrepreneurial State (as measured by average SBA guaranteed loan size) – NerdWallet, 2015 • #2 State for Ease of Starting a Business – Thumbtack.com, 2016 • #4 State For New Startup Rates – U.S. Chamber of Commerce Foundation, 2015 • #6 Fastest Growing State for Startups – Tech.Co, 2015 • #9 Most Entrepreneurial State – NerdWallet, 2015 • One of Four International Cities Recognized as Startup “Hotbeds” – Inc., 2015 • #10 City Worth Moving to If You Want to Launch a Business – Entrepreneur, 2015 Cost of Living Index Source: C2ER Cost of Living Index, 2015 240.0 227.4 220.0 200.0 180.0 160.0 144.3 146.8 140.3 140.0 119.5 120.0 112.3 116.2 100.0 99.9 96.1 98.2 80.0 Atlanta, GA Dallas, TX Houston, TX Miami, FL Chicago, IL Philadelphia, Los Angeles, Boston, MA Washington, New York, NY PA CA DC (Manhattan) LOW COST OF LIVING Home Listing Prices Four-bedroom, Two-bathroom Sources: Coldwell Banker Home Listing Report, 2015 $900,000 $816,354 $784,038 $800,000 $695,369 $700,000 $609,704 $600,000 $500,000 $400,000 $353,667 $300,000 $257,159 $237,204 $252,102 $207,491 $216,160 $200,000 $100,000 $0 Atlanta, GA Dallas, TX Chicago, IL Miami, FL Houston, TX Boston, MA Washington, New York Philadelphia, Los Angeles, D.C. (Brooklyn) PA CA LOW COST OF LIVING Metro Atlanta
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