POST Online Media Lite Edition



 

Georgia Governor: Key industries sustain momentum for state's economic development

Christian Fernsby |
“Georgia is the best place to live, work, and raise a family, and that starts with good jobs,” said Governor Brian Kemp.

Article continues below




“These latest figures from the nation's top-ranked Department of Economic Development show that job creators know the Peach State has what they need for success.

"As they continue to bring unprecedented levels of opportunity to communities in every zip code of our state, I want to thank the economic developers on both the local and state levels, as well as our partners in the General Assembly, for making Georgia a place where everyone can thrive.”

Areas outside the 10-county metro Atlanta region accounted for 85 percent of jobs created and 92 percent of investments from economic development projects during the period.

Four of Georgia’s largest industries – advanced manufacturing, automotive, aerospace, and food processing – accounted for nearly 75 percent of new jobs and 84 percent of investments. Planned investments resulting from these projects increased by more than 38 percent, compared to the same time last year.

“Decades of experience in listening to companies and working alongside them to solve challenges that bolster goals for long-term success make Georgia a best bet for business. Proven solutions such as our best-in-class job training program Georgia Quick Start and our GRAD certified sites that support accelerated project timelines speak directly to the most important hurdles many companies face today,” said GDEcD Commissioner Pat Wilson.

“Beyond that, Georgia is combining the resources and talent of local, state, and international partners to drive innovation and create meaningful economic impact. We are thankful to all of our partners for their continued efforts to support statewide job creation. Our collaborative spirit in economic development makes Georgia unique and is vital to success in our communities.”

The automotive industry was the second-largest source of new jobs and investment, after advanced manufacturing.

In October, state and local officials joined company representatives, including Korean Ambassador to the U.S. Tae-yong Cho, for the groundbreaking of the new Hyundai Motor Group Metaplant America (HMGMA) EV facility, which will support more than 8,100 direct jobs in Bryan, Bulloch, Chatham and Effingham Counties.

Three off-site HMGMA suppliers announced locations following HMGMA’s groundbreaking, swiftly surpassing the initial $1 billion in investment predicted to come from such additions.

International companies have been valued partners in creating a closed-loop electric mobility supply chain and accounted for 23 percent of state projects since July 1, 2022. Historic project examples include the partnership between SK On and Hyundai Motor Group in Bartow County and the next-generation developer FREYR Battery’s Coweta County facility.

Both are in the top five largest projects by investment in the state’s history. Battery recyclers Sung-Il Hitech and Denkai America also joined Georgia’s growing electric mobility ecosystem.

The aerospace and defense industries also continued to benefit from Georgia’s logistics infrastructure and engineering talent pool, creating more than 1,500 new jobs.

Archer Aviation Inc., an aerospace company advancing sustainable urban air mobility, and Anduril Industries, a defense technology company, both announced facilities near airports and will also benefit from nearby top-ranked technical colleges and four-year universities.

Communities throughout Georgia’s middle and coastal regions continued to benefit from advanced manufacturing, a cornerstone industry sector in the state. Major investments or expansions announced thus far in FY 2023 include YKK AP in Macon and Beretta Holding S.A.’s new facility in Bryan County through its subsidiary Norma Precision Inc.

This leading job-growth sector has announced more than 7,700 new jobs in the state since July 1, 2022.

Additionally, Germany-based Haering Precision celebrated the grand opening of its Lavonia facility in November with a two-day event, including a “Future Day” for approximately 400 local high school students and members of the community.

Supported by the state’s agricultural strength and notable logistics and distribution capabilities, the food processing industry continued to choose Georgia for growth.

Companies in this field announced more than $695 million in investments, largely through expansions. King’s Hawaiian, a Georgia partner for more than a decade, announced another expansion of its Oakwood facility, marking its second expansion in less than a year.

Two industries with rapidly growing footprints in Georgia - life sciences and film - also welcomed additional facilities that will support industry breakthroughs and learning opportunities for students.

Georgia Tech hosted a groundbreaking for its Science Square purpose-built district in August, and The Rowen Foundation’s 2,000-acre science and learning campus broke ground in early December.

Athena Studios announced it will add an additional 350,000 square feet to its Athens facility, which includes a structure dedicated to training the local workforce through a partnership with the University of Georgia and Georgia Film Academy.

At the former Fort Gillem outside of Atlanta, BlueStar Studios announced more than 600,000 square feet of new stage space, as well as an additional 45,000 square feet dedicated to technical resources and amenities, which will include refurbished buildings that preserve the base’s historic architecture.


What to read next

Georgia increased economic development investments 56%
South Dakota Governor, colleagues ask President Biden to lift vaccine mandate on international travel
Lieutenant Governors Urge FDA to lift discriminatory ban on blood donations

CMA CGM launches call for projects worth €200m to step up pace of decarbonization of French shipping

 
The CMA CGM Group has launched a call for projects targeted at startups and businesses working on concrete solutions to step up the pace of decarbonization within all areas of the French shipping industry.
 
 

Latest

Switzerland: 140 million COVID masks set to expire this year
U.S. personal income rises in December 2022, spending falls
Spanish police seize 4.5 tons of cocaine from livestock carrier
Philips Q4 sales EUR 5.4 billion, 4,000 jobs cuts underway

NEWS

Coal train derails in Australia's Queensland state, no injuries

6.1 magnitude earthquake hits northwest China
U.S.: Frigid temperatures for parts of center and west
First international passenger flight takes off from Auckland Airport following deluge
Farmers hold Rail Roko protest in Punjab
Pakistan's anti narcotics force recovers 51 kg drugs, arrests 9
 

BUSINESS

Greece approves construction of floating gas and regasification unit off Athens

Highlights: January 23, 2023 - January 27, 2023
Logistics UK reacts to speculation about part-cancellation of HS2 Project
TABC President: Tunisia can be platform for exporting energy to Europe
Germany faces biggest teacher shortage in 50 years, association says
Electricity from renewable sources on the rise in EU
 

Trending Now

MOL first Japanese company to join First Movers Coalition's shipping sector

Use of neonicotinoids for seeds: France accelerating deployment of alternatives, will support sugar beet sector

Anglo American loads first LNG dual-fuelled vessel in chartered fleet

Ryanair Q3 profit €211m


POLITICS

Argentina, Germany agree to close EU-Mercosur free trade pact ‘soon’

Iran to join Shanghai Cooperation Organization
Iran and Kazakhstan eye increasing annual bilateral trade to $3 billion
Italian Prime Minister in Libya to conclude $8 billion gas deal
EU extends economic sanctions against Russia by six months
Iraq, France agree on energy, security cooperation
 

Today We Recommend

EU launches €100 million Regional Teachers' Initiative for Africa


Highlights 

New York: Zinc8 to relocate, invest $68 million, employ 500

Milo's Tea Company to create 103 new jobs in Spartanburg County, South Carolina

SK Battery America to open U.S. IT center, create 200 high-tech jobs in Roswell, Georgia


COMPANIES

Kern Liebers announces $10 million expansion in Mexico

Alcoa wind projects in Spain get approval
New York: Zinc8 to relocate, invest $68 million, employ 500
FedEx and Penstone inaugurate new plants in Guanajuato, Mexico
MOL first Japanese company to join First Movers Coalition's shipping sector
Socatra to install rotor sails on tanker Alcyone
 

CAREERS

Chiesi appoints Giuseppe Accogli as new group CEO

Foresters Financial Canada president Henry Auyeung to retire
Dollar Bank names Peter Kubiska new chief marketing officer
Bank of South Carolina CEO Fleetwood S. Hassell to retire
Drest appoints Henri Holm as CFO
VC4A introducing Vincent Hoogduijn as CEO
 

ECONOMY

Italy: Business confidence strengthens in January, consumer confidence weakens slightly

Sweden: Economic sentiment deteriorates further in January
U.S. trade deficit for goods soar 8.8% to $90.3b in December
Uzbekistan's economy grows 5.7 pct in 2022
Irish consumer confidence hit seven month high in January
Bank of Canada hikes rates
 

EARNINGS

Provident Bancorp Q4 income $2.7 million

PSB Holding income $4.39 million
Freedom Financial Holdings Q4 income $2,861,940
United Bancorporation of Alabama Q4 income $18.6 million
Pacific West Bancorp Q4 income $561 thousand
Ryanair Q3 profit €211m
 

OP-ED

Micromanaging is the worst enemy of efficiency and teamwork

Niger set to monetize massive gas reserves through Saharan natural gas pipeline
Putting the brakes on EV folly that choked the market
Oil discovery in Kavango Basin may mean huge benefits for Namibians
Cape Town and Dubai battle over Africa's energy future
Is America going to lose its superpower status?
 

AGRIFISH

Ireland: Minister McConalogue opens 2023 Nitrates Derogation applications

Finland confirms conditions and compensation levels of agricultural subsidies
Use of neonicotinoids for seeds: France accelerating deployment of alternatives, will support sugar beet sector
EU Court of Justice: No more derogations for use of bee-toxic neonicotinoids
New swine fever outbreak confirmed in Gauteng, South Africa
Eurostat releases food price monitoring tool
 

LEADERSHIP

Lucky CEO means bad luck for hiring company

Product images could boost food pantry use
The madness of fast service: I want it now!
How to build a resilient brand
Only 32% of employees believe their pay is fair
Corporate duty waivers limit organic company growth and innovation
 

CRIME

EAO issued third fine for Coastal GasLink project

Dutch central bank fines cryptocurrency exchange Coinbase 3.3 mln euros
Bloomberg to pay $5 million for misleading disclosures about its valuation methodologies for fixed income securities
Italy fines Yoox with over 5 million euro for misleading prices and limitations of right of withdrawal
Nexo agrees to pay $45 million in penalties and cease unregistered offering of crypto asset lending product
Virgin Atlantic fined for operating flights in prohibited airspace
 

Magazine

TRAVEL

IntercityHotel Berlin Airport BER opens

Art After School, the perfect way to spark imagination in your child
The world's biggest food fair in Berlin you don't wanna miss
Largest antiques show comes to small Texas town
Meet and see great artists from across the United States
Address Grand Creek Harbour opens its doors to guests
 

SEA, LAND, AIR

Honda Pilot TrailSport, fully equipped SUV with great ground clearance

2024 Corvette E-ray, electrified 4WD
Jaguar I-PACE is now more distinctive
2023 Toyota Prius expected this January
2023 Lincoln Corsair, advance features and ActiveGlide
Lamborghini Huracán Sterrato, first super sports car for any terrain
 

DESIGN

Curved sofas, elegant and gentle

Solios watches, from nature to luxury
Coats of faux fur, but not of faux style
Redifining kitchen space and experience with workstations
Dinning sofas, a soft addition to a modern dinning table
Patchwork carpets, vintage Persian carpets made with unparalleled skill
 

GADGETS

Harman Luxury Audio introduces new JBL Classic Series

KEF KC62, audio excellence and design ingenuity
Panasonic announces flagship OLED TV MZ2000
McIntosh MC451, 150 Watt vacuum tube and 300 Watt solid state amplifier
Headonia 2A3, luxury headphone amplifier that comes with gloves
ASUS launches ExpertBook B9 for executives
 

HEALTH

Indonesia to start rolling out COVID-19 vaccination for children under 6

Ipsen receives CHMP negative opinion for Palovarotene as treatment for fibrodysplasia ossificans progressiva in EU
Once-daily Sotyktu gets positive opinion as treatment for adults with moderate-to-severe plaque psoriasis
EMA update on shortages of antibiotics in EU
Researchers develop new urine test that can diagnose cancer
India launches 'world's first' intranasal COVID-19 vaccine
 

MEANTIME

NASA system predicts small asteroid to pass close by Earth this week

NASA, Pentagon developing nuclear-powered rocket for Mars
Milky Way found to be too big
Earth's inner core rotation paused
Airbus-built JUICE spacecraft set for lift-off to study Jupiter’s icy moons
Ripples in fabric of universe may reveal start of time