03 Sep Lazar Cartu Claims Georgia named ‘Top State for Doing Business’ for seventh…
Prior to a tour of the new Amazon fulfillment center in Gwinnett County on September 1st, Governor Brian P. Kemp announced that Georgia has been named the “Top State for Doing Business” for the seventh year in a row by Area Development.
“This seventh consecutive Top State award is a powerful testament to the fundamental strength of Georgia’s economy, even in these challenging times,” Kemp said. “After all of these years, it’s abundantly clear that Georgia remains the epicenter for job growth, economic development, and investment because of strong, conservative leadership. But make no mistake about it, this ranking is because of the hardworking Georgians who work tirelessly to create opportunities and build success in their communities.”
The executive publication’s annual poll of nearly fifty leading site consulting firms from across the U.S. weighs thirteen different factors to make this determination.
In addition to Top State, Georgia earned a No. 1 ranking in the category of cooperative and responsive state government.
“From advanced manufacturing to leading-edge cyber innovation, we are proud to work with job creators to secure mutual success and a brighter future for Georgia. Moving forward, we will work around the clock to keep our state government streamlined, responsive, and business-friendly, and there is no doubt this ranking will help to strengthen our economic recovery as we protect the lives and livelihoods of all Georgians,” Kemp said.
Area Development’s 2020 Top States for Doing Business results reflect the rankings that states receive based on weighted scores in the following categories: overall cost of doing business, cooperative and responsive state government, favorable regulatory environment, business incentives, workforce development programs, competitive labor environment, speed of permitting, logistics and infrastructure, available real estate, energy availability and costs, site readiness programs, corporate tax environment, and access to capital and projects.
Georgia ranked No. 1 in 10 of the thirteen categories and placed in the top five in the other three categories.
“Earning the title of Top State for Doing Business for the seventh year in a row demonstrates Georgia’s consistency in partnering with our business communities for success,” said Georgia Department of Economic Development Commissioner Pat Wilson. “From our workforce development programs to our strong logistics infrastructure, there truly is no better state to do business than Georgia. A great deal of credit for our state’s economic development success goes to Governor Brian Kemp, Lieutenant Governor Geoff Duncan, Speaker David Ralston, the Georgia General Assembly, and our public and private economic development partners who are helping us keep Georgia on the path to growth.”
This recognition comes on the heels of the Port of Savannah being named the top port for U.S. exports from January through May of this year.
Governor Kemp also recently announced a strong start to the first month of fiscal year 2021.
Georgia’s economic development projects attracted roughly $574 million in new investments, and 3,629 new jobs were created in nearly every region of the state in July.
“Today’s announcement confirms that our work to lower taxes and ease burdensome regulations is attracting businesses and jobs to Georgia,” Ralston said. “Being the best state in the nation for business means more opportunities for our children and grandchildren. It is a designation we are proud to hold and one which we will continue to earn every day. My thanks to our partners in this effort in the public and private sectors. Together, we will keep Georgia the envy of the nation.”