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Page 1: Regional Business Center€¦ · 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
Page 2: Regional Business Center€¦ · 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

• 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

METRO ATLANTA OFFERS…

Page 3: Regional Business Center€¦ · 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

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

Page 4: Regional Business Center€¦ · 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

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

REGIONAL BUSINESS CENTER

Page 5: Regional Business Center€¦ · 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

Sources: FORTUNE magazine, June 6, 2016

Metro Atlanta FORTUNE Headquarters

FORTUNE 500 (16)

FORTUNE 1000 (9)

DIVERSE ECONOMY

AND BUSINESSES

Page 6: Regional Business Center€¦ · 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

Metro Atlanta Corporate Headquarters, Manufacturers, Subsidiaries, Operations(sample companies)

Automotive Systems

Company of America

DIVERSE ECONOMY

AND BUSINESSES

Page 7: Regional Business Center€¦ · 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

DIVERSE ECONOMY

AND BUSINESSES

Trade, Transportation, and

Utilities, 22.4%

Professional and Business Services,

18.5%

Government, 12.5%

Educational and Health Services,

12.3%

Leisure and Hospitality, 10.5%

Finance, 6.3%

Manufacturing, 6.1%

Other Services, 3.7%

Construction, 4.2% Information, 3.4% Natural Resources and Mining,

0.1%

Metro Atlanta Nonfarm Employment by Industry (2015)

Sources: U.S Bureau of Labor Statistics, Atlanta MSA 2015 annual averages, not seasonally adjusted

Page 8: Regional Business Center€¦ · 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

M E T R O A T L A N T A H I G H - G R O W T H I N D U S T R Y C L U S T E R S

Health IT

Mobile Technologies

Financial Transactions Processing

Software & Internet Security

Digital MediaSource: Metro Atlanta Chamber

Page 9: Regional Business Center€¦ · 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

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

Page 10: Regional Business Center€¦ · 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

GLOBAL AND DOMESTIC

ACCESS

Passenger Air ServiceHartsfield-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

Page 11: Regional Business Center€¦ · 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

G L O B A L A N D D O M E S T I C A C C E S S

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

Page 12: Regional Business Center€¦ · 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

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

Page 13: Regional Business Center€¦ · 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

I N T E R N A T I O N A L P R E S E N C E

• 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

Page 14: Regional Business Center€¦ · 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

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

Page 15: Regional Business Center€¦ · 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

H I G H E R E D U C A T I O N

• 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.

Page 16: Regional Business Center€¦ · 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

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

Page 17: Regional Business Center€¦ · 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

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

Page 18: Regional Business Center€¦ · 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

L O W C O S T O F L I V I N G

99.9 96.1 98.2

112.3 116.2

119.5

140.3144.3 146.8

227.4

80.0

100.0

120.0

140.0

160.0

180.0

200.0

220.0

240.0

Atlanta, GA Dallas, TX Houston, TX Miami, FL Chicago, IL Philadelphia,PA

Los Angeles,CA

Boston, MA Washington,DC

New York, NY(Manhattan)

Cost of Living Index Source: C2ER Cost of Living Index, 2015

Page 19: Regional Business Center€¦ · 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

L O W C O S T O F L I V I N G

$207,491 $216,160$257,159

$353,667

$237,204

$609,704

$784,038

$695,369

$252,102

$816,354

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

$700,000

$800,000

$900,000

Atlanta, GA Dallas, TX Chicago, IL Miami, FL Houston, TX Boston, MA Washington,D.C.

New York(Brooklyn)

Philadelphia,PA

Los Angeles,CA

Home Listing Prices

Four-bedroom, Two-bathroom Sources: Coldwell Banker Home Listing Report, 2015

Page 20: Regional Business Center€¦ · 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

C O M P E T I T I V E B U S I N E S S C L I M A T E

95.1 95.496.2

97.6 98.3 99.4

99.8100.8 101.2

104.7

90.0

92.0

94.0

96.0

98.0

100.0

102.0

104.0

106.0

Metro Atlanta is the most cost competitive major metro area in the nation for business.

Among the 10 largest U.S. metro areas (minimum population of 4.7 million), metro Atlanta ranks #1 lowest cost of doing

business, with an index of 95.1 which represents costs 4.9% below the U.S. baseline.

U.S.

Baseline

= 100

Cost of Doing Business Index - 10 Largest U.S. Metro Areas

Source: KPMG Competitive Alternatives: Guide to International Business Location Costs, 2016

Page 21: Regional Business Center€¦ · 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

QUALITY OF PLACE

Museums

• High Museum of Art

• Atlanta History Center

• Carter Center & Presidential Library

• Martin Luther King Jr. Center

Performances

• Atlanta Symphony Orchestra

• Atlanta Ballet

• Fox Theatre

• Chastain Park Amphitheater

• Music Midtown

Attractions

• Georgia Aquarium

• CNN Center

• World of Coca-Cola

• Zoo Atlanta

•Skyview Ferris Wheel

Festivals

• Atlanta Dogwood Festival

• National Black Arts Festival

• Many neighborhood festivals

Dining & Shopping

• Always a new restaurant to try

• Zagat-Rated restaurants

• Regional malls

• Boutiques

Parks

• Centennial Olympic Park

• Piedmont Park

• Stone Mountain Park

• Chattahoochee River Parks

Sporting Events

• 10 professional sports franchises

• NCAA Collegiate Sports

• Chick-fil-A Bowl

• The Tour Championship

• Peachtree Road Race

Recreation

• Golf – more than 100 courses

• Tennis – largest tennis

association (ALTA)

• Running –2nd-largest running

organization (Atlanta Track Club)

• Water sports – Lake Lanier & Lake

Allatoona

• Hiking/camping – North Georgia

mountains; Appalachian Trail

Children’s Activities

• Sports leagues

• Community centers

• Youth groups

Page 22: Regional Business Center€¦ · 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

Q U A L I T Y O F P L A C E

• One of the least expensive U.S. cities to live—The Economist Intelligence Unit, 2016

• One Of Realtor.Com’s Top Ten “Hot” Housing Markets To Watch In 2015 – Realtor.com, 2015

• One Of America’s Ten Best Healthcare Cities – iVantage Health Analytics, 2015

• #1 Moving Destination In The Nation For 2015 – Penske, 2016

• #2 City For Relocation Right Now – Forbes, 2015

• #4 Affordable Rental Market For New Grads In The Nation – Trulia, 2015

• #5 Most Moved to City By Millenials in 2015—Mayflower, 2016

• #5 Creative City Overall – Movoto, 2015

• #8 Sweet Spot For Home Ownership—Zillow, 2016

• #9 City For Recent Grads—Nerd Wallet, 2016

• #10 City Where Your Paycheck Will Go The Furthest – Forbes, 2015

• #10 “Boom Town” (Atlantic Station, Atlanta, GA- Zip Code 30363)—Realtor.com, 2016

Top Quality of Life Rankings

Page 23: Regional Business Center€¦ · 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

g l o b a l c o m m e r c e @ m a c o c . c o m

G l o b a l . M e t r o A t l a n t a C h a m b e r . c o m