Economic Development Around the State
Top Rank: Georgia has earned the No. 1 spot in Site Selection’s annual Prosperity Cup, which ranks states based on successful investment recruitment. Criteria include the value of new and expanded facilities, workforce readiness and business-climate attractiveness. In 2023, Georgia drew 318 new and expanded facilities.
Photo credit: First Quality website
Macon Expansion: First Quality Baby Products is expanding its baby diaper and training pants manufacturing facility in Macon-Bibb County. The $418 million investment will create 600 new jobs.
Augusta Auto Parts: GF Casting Solutions AG, a division of Swiss company Georg Fischer AG, is investing $184 million to open a manufacturing facility in Richmond County and creating 350 jobs. The LEED-certified facility will produce cast aluminum parts for the automotive industry when it begins operations in 2027.
MRO Services: StandardAero, which provides business aircraft maintenance, repair and overhaul services, is growing in Augusta. The $33 million expansion, to be completed in 2025, will create 90 jobs and add 60% more space to its existing footprint.
Covington Components: The federal government has committed up to $75 million to fund the development of the new Absolics facility in Newton County. Absolics is a subsidiary of South Korean company SK Group. The facility will be used to create components for semiconductors.
Duluth HQ: German company Leuze electronic Inc. is investing $1.2 million to move its U.S. headquarters from Michigan to Gwinnett County. The optical sensor technology provider will hire 17 additional people at the new facility.
Lawrenceville HVAC: Price Industries Inc. is opening its fourth facility in Georgia. The $5 million expansion will create 42 jobs for the Canadian company, which produces commercial air distribution products.
Airport Upgrades: Hartsfield-Jackson Atlanta International Airport will receive more than $88.8 million in new federal funding from the Bipartisan Infrastructure Law, thanks to the fiscal year 2024 Airport Infrastructure Grant. It will support the $1.4 billion project to widen and lengthen Concourse D, giving it 34 new gates that can accommodate larger aircraft and 20% more seating.
