Innovation Hub: Insurance company American International Group Inc. (AIG) is establishing an innovation hub in DeKalb County, tripling the company’s current Metro Atlanta area office space. Scheduled to open in 2026, the new workspace will be designed to foster collaboration…
Tourism Impact: In 2023, Georgia welcomed 5 million more visitors than in 2022, reaching a new high of 171 million tourists who spent $43.6 billion at the state’s hotels, restaurants, transportation and other local businesses. In total, Georgia travel and tourism…
Booming Economy: Georgia saw another year of new jobs and expansions. During fiscal year 2024 (July 1, 2023 to June 30, 2024) there were nearly 430 facility expansions and new locations supported by the Georgia Department of Economic Development’s Global Commerce…
This month’s Economic Yearbook looks at several new business projects underway across the state, many of which involve Georgia’s 41 electric membership cooperatives (EMCs). EMCs have provided electricity to Georgians for decades and currently serve more than 4 million customers.…
Community improvement districts (CIDs) in Georgia are some of the most powerful and influential public-private partnerships. Using self-imposed tax revenues from commercial businesses within their districts, CIDs have been able to drive positive improvements, from safety to infrastructure and transportation…
Liberty Auto: Auto parts manufacturer Seohan Auto Georgia is investing more than $72 million into a facility in Liberty County, creating 180 new jobs. The new facility, which will begin production in late 2024, will make H/shafts, axles and brake…
In 2023, I expect a mild recession for both the national and state economies, but growth will slow rather than stop in Savannah. The metropolitan statistical area (MSA) will add jobs this year, but fewer than in 2022. Let’s call…
For many people, the American dream of home ownership represents a significant milestone in their lives. A March 2022 survey published by Bankrate.com, a leading financial services company, revealed that 74% of Americans ranked homeownership as the number one measure…
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