From Global to Local: International Businesses Grow Globally in Georgia
With more than 5,000 participants representing 96 global markets, the 2024 SelectUSA Investment Summit was an opportune moment for Georgia to demonstrate why it has been the No. 1 state for business for over a decade to companies entering the U.S.
Why Global Businesses Are Flocking to Georgia
Georgia is a global gateway for business, landing more than 8,100 new jobs and $5.9 billion in investments from international companies expanding or locating in the U.S. market this past fiscal year.
Here’s why:
- Global Reach: Georgia has built a robust international presence over the past 50 years, now covering more than 12 global markets. Markets where Georgia maintains business development and trade representation accounted for 29% of total new jobs and investments in fiscal year 2024.
- Trade Powerhouse: The state’s international trade value surpassed $186.3 billion across 223 countries and territories, ranking Georgia seventh in the U.S.
- Diverse Investment: Over the past decade, companies from more than 40 countries have invested in Georgia, and over 70 international governments have a presence here.
- Cultural Diversity: Approximately 10% of Georgia’s population is foreign-born. Gwinnett County, part of the metro Atlanta area, ranks among the Top 10 most diverse counties in the U.S.
In fiscal year 2024, Georgia solidified its position as a global gateway for business, landing more than 8,100 new jobs and $5.9 billion in investments from international companies. Markets where Georgia maintains representation in business and trade accounted for 29% of total new jobs and investments last fiscal year.
Strategic Location and Business-Friendly Environment
Georgia’s strategic location and logistical advantages further enhance its business appeal:
- Unmatched Logistics: Hartsfield-Jackson Atlanta International Airport, the Port of Savannah, and the Port of Brunswick provide critical access to global markets.
- Pro-Business Environment: Georgia’s low corporate tax rate and cooperative state government create a supportive environment for business growth.
- International Partnerships: With over 50 years of continuous representation in international markets, Georgia remains committed to long-term partnerships and connectivity that drive business opportunities.
Hear why these five manufacturers selected Georgia to grow.
The Sum of Its Parts
Georgia’s diverse economic landscape, from e-mobility and aerospace to food processing and agribusiness, underscores its position as a premier destination for business expansion. The state’s strategic location, robust infrastructure, and supportive business environment make it an ideal choice for companies looking to grow and innovate.
Georgia’s blend of established industries, skilled workforce and top training programs, and strategic investments in site development and infrastructure offers unparalleled opportunities for businesses seeking to thrive in today’s competitive global market.
The Georgia Department of Economic Development also contributes to the quality of life for Georgians through:
- Supporting existing industries.
- Empowering vibrant arts and cultural communities.
- Encouraging tourism to Georgia’s diverse destinations.
Explore how the intersection of business and leisure match up to attract visitors and support prosperity for Georgia’s communities.
Article courtesy of Georgia Department of Economic Development, published October 25, 2024.