Atlanta, GA – Governor Brian P. Kemp announced Wednesday that Georgia has been named by Area Development magazine as the No. 1 state for business for the ninth consecutive year. No other state has earned this distinction for so many years. Kemp was joined by executives from Kia Georgia, Bridgestone Golf, and Char-Broil’s parent company W.C. Bradley Company as well as members of the General Assembly, state and local economic developers, and local officials at the Kia Georgia Training Center in West Point to make the announcement.
“We are honored to accept the title of ‘Top State for Business’ yet again from Area Development for an unprecedented ninth year in a row,” Kemp said in a press release. “This is just the latest confirmation that our partnership approach, conservative governing, and dedication to saving both lives and livelihoods during the pandemic were the right choices for the people of Georgia. Thanks to our world-class infrastructure, award-winning workforce training programs, pro-business environment, and most of all our hardworking Georgians, the Peach State is a national leader in the assets job creators look for when deciding where to start, grow, and sustain a thriving business.”
The executive publication’s annual poll of approximately 50 leading site consulting firms from across the U.S. considers 13 different factors to make this coveted determination. In addition to overall Top State, Georgia earned a No. 1 ranking for the thirteenth year in a row for its workforce development program, Georgia Quick Start. The state also earned the top ranking in six additional categories, including cost of doing business, cooperative and responsive state government, competitive labor environment, and available real estate. Georgia tied for first place in energy availability and costs.
“It’s no surprise that Georgia is ranked No. 1 for the ninth year in a row by experienced location consultants,” Area Development’s Editor Geraldine Gambale said in the release. “State and local economic developers in Georgia have consistently worked together to guide companies through the location process and retain their business for years to come.”
Area Development’s 2022 Top States for Doing Business results reflect the rankings that states receive based on scores in the following categories: Overall cost of doing business, cooperative and responsive state government, favorable regulatory environment, corporate tax environment, business incentives, competitive labor environment, workforce development programs, logistics and infrastructure, access to capital and project funding, available real estate, energy availability and costs, speed of permitting, and site-readiness programs. Georgia placed in the top 10 for all 13 categories.
“Georgia’s continued focus on business and workforce centric policies have, once again, resulted in our state being ranked as No. 1 in the nation by Area Development magazine for the ninth straight year,” said Lt. Governor Geoff Duncan. “With a business climate that is second to none, Georgia has received an influx of major investments from small and large businesses alike over the past few years, culminating in one of the lowest unemployment rates in our state’s history. This accomplishment would not have been possible without the leadership of Governor Brian Kemp and our excellent team at the Georgia Department of Economic Development who will continue to promote our state as the best state in the nation to do business.”
This recognition follows Kemp’s announcement that the state shattered economic development records during fiscal year 2022. During this period, investments in expansions and new locations totaled more than $21.2 billion, and 51,132 jobs were created in the state through 358 projects supported by GDEcD’s Global Commerce team between July 1, 2021, and June 30, 2022. These numbers include the two largest projects in state history – Rivian and Hyundai Motor Group – which totaled more than $10.5 billion in investments and 15,600 new jobs when combined.
About Area Development
Founded in 1965, Area Development is considered the leading executive magazine covering corporate site selection and relocation. Editorial coverage provides valuable information pertinent to the factors, key issues, and criteria that affect a successful decision. Area Development is published quarterly and also maintains a website that receives more than one million visitor sessions annually.
The Georgia Department of Economic Development (GDEcD) is the state’s sales and marketing arm, the lead agency for attracting new business investment, encouraging the expansion of existing industry and small businesses, locating new markets for Georgia products, attracting tourists to Georgia, and promoting the state as a destination for arts and location for film, music, and digital entertainment projects, as well as planning and mobilizing state resources for economic development. Visit www.georgia.org for more information.