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Georgia occupies top spot in competitive economic rankings

Governor Brian P. Kemp, in collaboration with the Georgia Department of Economic Development (GDEcD), announced that the state has achieved first place in Choice of side's annual Prosperity Cup rankings for successful investment recruiting in 2023. Criteria for this national award include the overall value of new and expanded facilities in the state, the attractiveness of the business climate and workforce readiness.

“I always proudly tell businesses across the country and around the world how great Georgia is for operating and growing a business,” said Governor Brian Kemp. “This award from Choice of side This is just further proof that the way we do business in the Peach State has worked for a decade. When workers choose us, they not only gain access to the global marketplace through logistics facilities like Hartsfield-Jackson International Airport and some of the fastest-growing ports in the country, but also a host of incredible state and local partners.”

In 2023, Georgia attracted 318 new and expanded facilities, securing the No. 1 spot in the rankings Choice of side. This includes an expanded scope for the Hyundai Motor Group Metaplant America (HMGMA) – the largest project in the state’s history. With the announcement of an additional 400 new jobs and $2 billion in investments last year, HMGMA's total investment now stands at $7.59 billion and will create 8,500 new jobs for hard-working Georgians. Representing another major project, Anovion Technologies selected southwest Georgia for its $800 million, 400-job synthetic graphite production facility in May and broke ground on the site last June. In northeast Georgia, Meissner Corporation plans to create more than 1,700 new jobs at a new campus that will more than double the company's manufacturing footprint in the U.S. by expanding its operations.

“The Prosperity Cup recognizes the competitiveness of economic development at the state level,” it says Choice of sideis Mark Arend. “Georgia’s consistent fulfillment of the location characteristics required by investors shows our readers that the country is competing to win.”

Following the Hyundai Motor Group Metaplant America groundbreaking in October 2022, Georgia welcomed more than ten Hyundai and automotive suppliers to Middle Georgia and beyond in 2023. These suppliers will ultimately create over 4,300 new jobs and bring in a combined $1.2 billion in investment. Today those numbers are even higher. In addition to HMGMA operations, both the Kia plant at West Point and the Toyota campus at Pendergrass announced expansions in 2023 that will create a combined 440 new jobs and $286 million in investment.

“Across Georgia, our economic development team is truly collaborative, including our sister agencies, utility partners, local economic developers and many others who work every day to help businesses and communities find the right partner for shared success,” said GDEcD Commissioner Pat Wilson. “Topping the 2024 Prosperity Cup is confirmation that the Georgia Way works. Decades of partnerships and laying the foundations for targeted economic development from the community to state level, combined with our consistent pro-business policies, have led to these positive results. Thank you to our Georgia leaders across the state for supporting these efforts that are making a difference for Georgia families.”

For the full article on Georgia's selection for this award or for more information on the 2024 Prosperity Cup, please visit Choice of side's website at siteselection.com/issues/2024/may/2024-prosperity-cup.cfm.


About GDEcD
The Georgia Department of Economic Development (GDEcD) is the state's sales and marketing arm, the lead agency for attracting new business investment, promoting the expansion of existing industries and small businesses, developing new markets for Georgia products, attracting tourists to Georgia and promoting the state as an arts destination and location for film, music and digital entertainment projects, as well as planning and mobilizing state resources for economic development. For more information, visit www.georgia.org.

Anna Harden

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