Georgia was recognized as the “Top State for Doing Business” by Area Development for the 7th consecutive year! The award is evidence of the growing opportunities in Georgia and the strength of the state’s economy.
Governor Brian P. Kemp cited “strong, conservative leadership” and “hardworking Georgians who work tirelessly to create opportunities and build success in their communities,” in his announcement about the honor. Speaker David Ralston said, “Today’s announcement confirms that our work to lower taxes and ease burdensome regulations is attracting businesses and jobs to Georgia,” stated a press release from the state. According to the release, 3,629 new jobs were created in July and the state brought in $574 million in investments.
To decide on the “Top State for Doing Business” winner, Area Development evaluates several different indicators of a state’s economic strength. Georgia ranked in the top 5 states of all of the 13 categories and ranked as the top state in 10 of those categories. The categories include “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.”
The award from Area Development is not the only business-related recognition that Georgia has earned this year. Recently, the Port of Savannah was “named the top port for U.S. exports from January through May of this year.”
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