NATIONAL ASSOCIATION OF BUSINESS ECONOMISTS ATLANTA CHAPTER Tom - - PowerPoint PPT Presentation

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Oct 01, 2023 9 likes •241 views

NATIONAL ASSOCIATION OF BUSINESS ECONOMISTS ATLANTA CHAPTER Tom Croteau Georgia Department of Economic Development GEORGIA DEPARTMENT OF ECONOMIC DEVELOPMENT: WHO WE ARE: The Georgia Department of Economic Development (GDEcD) is the

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NATIONAL ASSOCIATION OF BUSINESS ECONOMISTS ATLANTA CHAPTER Tom Croteau Georgia Department of Economic Development

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GEORGIA DEPARTMENT OF ECONOMIC DEVELOPMENT:

► WHO WE ARE: The Georgia Department of Economic Development

(GDEcD) is the marketing and sales arm of the State of Georgia

► WHAT WE DO: Strategically deliver economic development

throughout the state by:

► Attracting new business investment ► Supporting the expansion of existing industry and small

businesses

► Locating new markets for Georgia products ► Attracting tourists from within and outside the state ► Promoting Georgia as a desirable location for entertainment

businesses and projects

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► The Global Commerce division assists businesses by coordinating:

► Site Location Services ► Market Research ► Business Incentives Analysis ► Employee Training ► Innovation and R&D Services ► Export Assistance ► International Office Assistance

GDECD: GLOBAL COMMERCE DIVISION

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Aerospace, Defense & Advanced Manufacturing

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Logistics, Energy, Agribusiness, & Food Processing

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Health Sciences & Advanced Technologies

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Corporate Solutions

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International Investment

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Existing Industry and Regional Recruitment

►

International Trade

►

Centers of Innovation

GLOBAL COMMERCE: TEAM FOCUSED / INDUSTRY SPECIFIC

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GLOBAL COMMERCE: STATEWIDE CONNECTIONS

Regional Project Managers

– Work with existing companies on expansion projects – Recruit new companies targeted for their region – Provide regional expertise and local connections

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GLOBAL COMMERCE: INTERNATIONAL OFFICES

10 International Offices

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28TH ANNUAL CORPORATE SURVEY

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28TH ANNUAL CORPORATE SURVEY

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28TH ANNUAL CORPORATE SURVEY

Yes 43% No 57% Use of outside site selection or business consultants making a location decision: If consultants outside the company are used, services they are providing:

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28TH ANNUAL CORPORATE SURVEY

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28TH ANNUAL CORPORATE SURVEY

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28TH ANNUAL CORPORATE SURVEY

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28TH ANNUAL CORPORATE SURVEY

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Shale Gas Plays - Lower 48 States

Source: Energy Information Administration

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$- $5 $10 $15 $20 $25 $30 $35 $40 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

GLOBAL ACCESS: GEORGIA’S EXPORT GROWTH 2002-2012

$35.9 B $23.4 B $14.4 B Value in $ Billions

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28TH ANNUAL CORPORATE SURVEY

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28TH ANNUAL CORPORATE SURVEY

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28TH ANNUAL CORPORATE SURVEY

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GEORGIA’S 7.0% UNEMPLOYMENT RATE (APR ‘14)

8.3% 8.4% 8.4% 8.3% 8.2% 8.0% 7.8% 7.6% 7.4% 7.3% 7.1% 7.0% 7.0%

6.0% 6.5% 7.0% 7.5% 8.0% 8.5% 9.0%

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NATIONAL ASSOCIATION OF BUSINESS ECONOMISTS ATLANTA CHAPTER Tom Croteau Georgia Department of Economic Development

GEORGIA DEPARTMENT OF ECONOMIC DEVELOPMENT:

► WHO WE ARE: The Georgia Department of Economic Development

(GDEcD) is the marketing and sales arm of the State of Georgia

► WHAT WE DO: Strategically deliver economic development

throughout the state by:

► Attracting new business investment ► Supporting the expansion of existing industry and small

businesses

► Locating new markets for Georgia products ► Attracting tourists from within and outside the state ► Promoting Georgia as a desirable location for entertainment

businesses and projects

► The Global Commerce division assists businesses by coordinating:

► Site Location Services ► Market Research ► Business Incentives Analysis ► Employee Training ► Innovation and R&D Services ► Export Assistance ► International Office Assistance

GDECD: GLOBAL COMMERCE DIVISION

Aerospace, Defense & Advanced Manufacturing

Logistics, Energy, Agribusiness, & Food Processing

Health Sciences & Advanced Technologies

Corporate Solutions

International Investment

Existing Industry and Regional Recruitment

International Trade

Centers of Innovation

GLOBAL COMMERCE: TEAM FOCUSED / INDUSTRY SPECIFIC

GLOBAL COMMERCE: STATEWIDE CONNECTIONS

Regional Project Managers

– Work with existing companies on expansion projects – Recruit new companies targeted for their region – Provide regional expertise and local connections

GLOBAL COMMERCE: INTERNATIONAL OFFICES

10 International Offices

28TH ANNUAL CORPORATE SURVEY

28TH ANNUAL CORPORATE SURVEY

28TH ANNUAL CORPORATE SURVEY

Yes 43% No 57% Use of outside site selection or business consultants making a location decision: If consultants outside the company are used, services they are providing:

28TH ANNUAL CORPORATE SURVEY

28TH ANNUAL CORPORATE SURVEY

28TH ANNUAL CORPORATE SURVEY

28TH ANNUAL CORPORATE SURVEY

Shale Gas Plays - Lower 48 States

$- $5 $10 $15 $20 $25 $30 $35 $40 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

GLOBAL ACCESS: GEORGIA’S EXPORT GROWTH 2002-2012

$35.9 B $23.4 B $14.4 B Value in $ Billions

28TH ANNUAL CORPORATE SURVEY

28TH ANNUAL CORPORATE SURVEY

28TH ANNUAL CORPORATE SURVEY

GEORGIA’S 7.0% UNEMPLOYMENT RATE (APR ‘14)

8.3% 8.4% 8.4% 8.3% 8.2% 8.0% 7.8% 7.6% 7.4% 7.3% 7.1% 7.0% 7.0%

GEORGIA AHEAD IN BUSINESS