An Optimistic Outlook
Georgia was on a lot of people’s minds in 2022 as companies and countries jockeyed to find the best markets for their goods and the best sources for their supplies. The result was a record $196 billion in the state’s…
Economic Development Around The State
Economic Development Around the State
Savannah Auto Parts: Global auto parts manufacturer PHA is building a $67 million facility in Chatham County. The Tier 1 supplier will make door modules, tailgate latches and hood latches for the nearby Hyundai Metaplant in Bryan County when it…
Economic Development Around the State
Top in Trade: Georgia broke another record, this time for international trade – for the second year in a row. In 2022, the state’s total trade exceeded $196 billion across 221 countries and territories. Exports broke the 2021 record by…
Economic Development Around the State
Jobs and Investment: During the first half of the current fiscal year (July 1–Dec. 31), Georgia saw 218 locations or expansions that are expected to create some 17,500 new jobs and more than $13 billion in investment throughout the state. The majority…
Economic Development Around the State
EV Batteries: Hyundai Motor Group and SK On are partnering to build an electric-vehicle battery manufacturing facility in Bartow County. The $4-$5 billion investment will create more than 3,500 jobs and operations will start in 2025. Beauty Logistics: Global beauty…
Economic Development Around The State
EV Supplier: Hyundai Mobis is investing $926 million to build a 1.2 million-square-foot electric vehicle (EV) power system plant in Bryan County, employing at least 1,500 when production begins in 2024. More Millwork: Millwork manufacturer Steves & Sons Inc. is…
Economic Development Around The State
No. 1 Again: Georgia was recently named the No. 1 state for business by Area Development magazine. It’s the ninth consecutive year the state has received this recognition – the only state to do so. Georgia also earned the top…
Economic Developments Around the State
Monticello Agri-science: Profile Products is investing $35 million to open a campus in Jasper County. The sustainable agri-science manufacturer’s new facility will produce wood-based erosion control technologies and horticulture substrates, creating 80 jobs. The first phase of development opened in…
Economic Development Around the State
Record Growth: Georgia saw more than $21.2 billion worth of investment in facility expansions and new locations and 51,132 jobs added in FY2022, which ended June 30. Eighty-five percent of those investments – more than 30,000 jobs – were outside…
Economic Development Around the State
EV Battery Foil: Denkai America is building its North American headquarters and a manufacturing facility in Richmond County. The initial $150 million investment will establish a facility that will focus on producing electric vehicle battery foil. The total $430 million…
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