News Summary
Georgia has set a new benchmark in economic growth with a record investment of $26.3 billion for Fiscal Year 2025. Governor Brian P. Kemp announced this significant milestone, which is expected to generate around 23,200 new private-sector jobs. The majority of these investments are expansions from existing firms, showcasing the state’s strong business climate. Notably, the state is also focusing on workforce development and enhancing industrial site availability to maintain its reputation as the number one state for business.
Atlanta, Georgia – Georgia has achieved a remarkable milestone in economic growth, announcing a record investment of $26.3 billion for Fiscal Year 2025, as highlighted by Governor Brian P. Kemp in collaboration with the Georgia Department of Economic Development (GDEcD). This substantial figure is attributed to 423 facility expansions and new locations, reflecting the state’s robust economic environment.
The investments are anticipated to create approximately 23,200 new private-sector jobs within the next few years, signaling significant workforce development opportunities. Notably, 74% of these initiatives involve expansions at existing companies based in Georgia, which are building upon an estimated 50,000 jobs already established in the state.
Governor Kemp underlined that Georgia has long been recognized as the No. 1 state for business, a status it has maintained for over a decade. This achievement underscores the state’s effective strategies in drawing new businesses while also supporting the growth of its existing employers. The focus on creating a favorable business climate has proven essential for encouraging investment across various sectors.
Workforce Development and Regional Growth
Lieutenant Governor Burt Jones emphasized the significance of workforce programs in creating a sustainable talent pipeline, which is essential for economic expansion. The state is collaborating closely with educational institutions, including the University System of Georgia and the Technical College System of Georgia, to prepare a skilled workforce. This dedication to education and training is expected to enhance job readiness in the coming years.
Interestingly, 77% of all expansions and new investments occurred in communities outside of the 10-county Atlanta region during FY25. This regional distribution highlights Georgia’s commitment to fostering growth in less-urban areas, ensuring that economic benefits are felt statewide. Despite this, metro Atlanta continues to draw major corporations that are increasing their operations, including well-known companies such as TriNet, A.I.G., CRH, Duracell, and Mercedes-Benz.
International Investment Impact
International investments have significantly contributed to Georgia’s economic surge, bringing over 6,500 new jobs to the state. Key contributions have come from companies based in the Republic of Korea, Japan, and Canada, with these international firms committing more than $3 billion in investments, particularly aimed at expanding operations within Georgia.
Highlighting the importance of global partnerships, notable international projects include expansions such as Irving Tissue in Macon, GreenBox Systems in Butts County, and KISS USA in Bryan County. These developments showcase the state’s ability to attract foreign direct investment while providing stable growth opportunities for existing companies.
The Future of Business in Georgia
In an effort to sustain this positive trajectory, Georgia is preparing to invest over $18 million in the Rural Site Development Initiative. This initiative is designed to enhance the availability of new industrial sites, aiming to expand the number of locations included in the “Georgia Ready for Accelerated Development” (GRAD) Program, which currently features over 70 certified sites.
Deputy Commissioner of Global Commerce Misti Martin noted that today’s investments are crucial for laying the groundwork for future opportunities. The strategic focus on site readiness and planned development will likely facilitate ongoing economic growth, further establishing Georgia as a premier destination for business.
Overall, the record-setting figures for Fiscal Year 2025 illustrate the strength of Georgia’s economy and the effectiveness of its economic development strategies. As the state continues to attract investment and expand job opportunities, it remains poised for continued success in the business landscape.
Deeper Dive: News & Info About This Topic
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Author: STAFF HERE AUGUSTA WRITER
AUGUSTA STAFF WRITER The AUGUSTA STAFF WRITER represents the experienced team at HEREAugusta.com, your go-to source for actionable local news and information in Augusta, Richmond County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Arts in the Heart Festival, Westobou Festival, and Masters Week. Our coverage extends to key organizations like the Augusta Metro Chamber of Commerce and Greater Augusta Arts Council, plus leading businesses in manufacturing and healthcare that power the local economy such as Textron Specialized Vehicles, Cardinal Health, and Nutrien. As part of the broader HERE network, including HEREAtlanta.com and HERESavannah.com, we provide comprehensive, credible insights into Georgia's dynamic landscape.
