Friday, September 21, 2018
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Sept. 21 - Georgia Named Top State for Business for Fifth Consecutive Year

Brunswick Business Journal Staff Report

September 21, 2018 - Georgia has been named the No. 1 state for business for the fifth year in a row by Area Development, a leading corporate site selection and facility planning publication.

 “I am proud that Georgia has once again been named the top state for business by Area Development, as this coveted distinction reflects the strength and resilience of our pro-business environment,” said Governor Nathan Deal. “We are committed to investing in our workforce and transportation infrastructure so that companies looking to relocate or expand will have Georgia on their minds today and in the future. Thanks to our low-tax structure, technology infrastructure and gateways to global commerce, including our expansive ports system, Georgia is the home of leading manufacturers, innovative technology companies, growing small businesses, film productions and studios, international firms and industries of all types."

In addition to being named the top state for business, Georgia ranked first among the states for workforce development programs and cooperative and responsive state government. Georgia also ranked in the top five spots in each of the other nine categories examined in the survey.

Area Development’s 2018 Top States for Doing Business rankings reflect the results of a recent survey that asked site consultants who work with nationwide client bases to name their top-state picks in 11 categories that relate to location and facility planning. States were ranked based on the total of weighted scores from the following categories:

Overall cost of doing business
Corporate tax environment
Business incentives programs
Access to capital and project funding
Competitive labor environment
Leading workforce development programs
Shovel-ready sites program
Cooperative and responsive state government
Favorable general regulatory environment
Favorable utility rates
Most improved economic development policies.

“Responses from among our proprietary Consultants Database of hundreds of site location, supply chain, 3PL, real estate and corporate business consultants are the basis of our annual Top States for Doing Business survey rankings,” said Area Development Publisher Dennis J. Shea. “Our database includes active consultants who have assisted hundreds of companies with recent site location projects that generated billions of dollars of investment, created thousands of new jobs and built millions of square feet in new construction.”

“For five years in a row, Georgia has been honored to be named the top state for doing business by Area Development,” said GDEcD Development Commissioner Pat Wilson. “Georgia’s position as a leader in economic development is not by chance, it has everything to do with strong leadership from Gov. Deal. Our partnership approach to economic development is evident in this ranking, and our partners at the state and local level deserve credit for making Georgia the top state once again.”

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