WHY ATLANTA FOR BUSINESS?

WHY ATLANTA FOR BUSINESS? 1 METRO ATLANTA OFFERS… • Regional Business Center • Diverse Economy & Businesses • Global & Domestic Access • Internatio...
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WHY ATLANTA FOR BUSINESS?

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METRO ATLANTA OFFERS… • Regional Business Center • Diverse Economy & Businesses • Global & Domestic Access • International Presence

• Talented Workforce • Higher Education Hub • Competitive Business Climate • Low Cost of Living • Quality of Life

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REGIONAL BUSINESS CENTER Southeast Region • Largest economy of all regions in the U.S. (based on GDP) – GDP of $3.3 trillion is 22% of nation’s GDP (2011) • 5th-largest economy of all countries globally (based on GDP) – GDP forecasted to grow to $5.6 trillion (2040) • Population: 79.2 million (2011) – 25% of nation’s population – 52% of nation’s net migration; net gain of nearly 370,000 people (2010-2011) – Forecasted to grow to 110 million (2040) • Employment: 42.1 million (2010) – 23.3 million jobs forecasted to be created (2010 – 2040)

Sources: U.S. Bureau of Economic Analysis; World Bank; U.S. Census Bureau; U.S. Bureau of Labor Statistics; Woods & Poole Economics, Inc.

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REGIONAL BUSINESS CENTER Southeast Region • 65 foreign nations have their consulates for the U.S. Southeast in Atlanta • 42 bi-national chambers of commerce have their U.S. offices for the U.S. Southeast in Atlanta •

6th District of U.S. Federal Reserve Bank

• Hundreds of regional headquarters for companies, non-profits, and federal government agencies

 Atlanta

Changes in U.S. Congressional representation 2010 U.S. Census: Southeast gains 4 Congressional seats; Northeast loses 5; Midwest loses 6 Sources: Georgia Department of Economic Development; U.S. Census Bureau; Metro Atlanta Chamber

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REGIONAL BUSINESS CENTER Metro Atlanta • Largest economy of all metro areas in the Southeast region (based on GDP) – GDP of $272.4 billion (2010) • 10th-largest economy of all metro areas in the U.S. (based on GDP) – GDP forecasted to grow to $440.1 billion (2040) • Population: 5.3 million (2011) – 2nd-largest metro area in the Southeast region, behind Miami – 9th-largest metro area in the U.S. – Forecasted to increase to 8.4 million and become the largest metro area in the Southeast region and the 7th-largest metro area in the U.S. (2040) • Employment : 2.9 million (2010) – 1.9 million jobs forecasted to be created (2010-2040)

• Commercial Real Estate: 1.3 billion square feet – office/industrial/retail (2011) – Largest commercial real estate market of all metro areas in the Southeast region Sources: U.S. Bureau of Economic Analysis; U.S. Bureau of Labor Statistics; U.S. Census Bureau; Woods & Poole Economics, Inc.; CoStar Group

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MANUFACTURING & DISTRIBUTION HUB • 40% of North American manufacturing and distribution locations are located within 500 miles (800 kilometers) of Atlanta • 4 of the top 10 warehouse providers in North America are headquartered in Georgia

Sources: Material Handling Industry of America (MHIA), 2010; Georgia Department of Economic Development

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MANUFACTURING & DISTRIBUTION HUB Center of the Southeast Automotive Industry

• 6th largest Automobile Processing Port in the Nation

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Sources: Georgia Department of Economic Development, Georgia Power Economic Development Map courtesy of Georgia Power Community & Economic Development

GLOBAL & DOMESTIC ACCESS Strategic Location • Most of the U.S. population lives in the eastern third of the country • More than 80% of U.S. consumers can be reached from Atlanta in two flight hours or two truckload delivery days

Atlanta

Map courtesy of Georgia Power Community & Economic Development

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GLOBAL & DOMESTIC ACCESS Passenger Air Service • World’s “most-traveled” airport based on passenger volume – over 92 million passengers annually – nearly 250,000 passengers each day • Within a 2-hour flight of 80% of U.S. population

• Direct flights to more than 160 U.S. destinations and 70 international destinations in 45 countries • Average of 2,500 daily departures and arrivals • 5 runways • 40 international gates – 12 new international gates recently opened Maynard H. Jackson Jr. International Terminal

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Sources: Hartsfield-Jackson Atlanta International Airport Map courtesy of Georgia Power Community & Economic Development

GLOBAL & DOMESTIC ACCESS Cargo Air Service • World Air Cargo Award for Airport of the Year by Air Cargo Week, 2009, 2010 & 2012 - the first U.S. airport award winner

• 16 major air cargo carriers • 24-hour operations with no landing slots & low landing fees • Southeast’s only U.S. Department of Agriculture-approved Perishables Complex • Foreign Trade Zone allows for lower importing costs & faster speed to market • Cargo delivery trucks may reach more than 80% of U.S. industrial market and 79% of nation’s largest consumer markets within 2 delivery days • Top 10 international air cargo hub

Sources: Hartsfield-Jackson Atlanta International Airport; Material Handling Industry of America’s Business Facilities’ 2011 Metro Ranking

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SUPPLY CHAIN INFRASTRUCTURE Strategic Location – Global Gateway • Atlanta and Georgia’s geographic location makes it a global gateway connecting companies to the world’s markets in real time • Most of the U.S. population lives in the eastern third of the country • More than 80% of U.S. consumers can be reached from Atlanta in two flight hours or two truckload delivery days

5 Days

3 Days

• Superior infrastructure, extensive intermodal network of air, road, rail and port 4 Days

2 Days 1 Day

Maps courtesy of Georgia Power Community & Economic Development

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GLOBAL & DOMESTIC ACCESS Transportation Infrastructure Highways • Three major interstate highways (I-75, I-85, I-20) • 80% of U.S. population reachable within 2 truckload delivery days Rail • Over 5,000 railroad miles in Georgia – the largest intermodal hub in the region • The rail center of the Southeast and one of the five most important distribution centers in the U.S. • CSX Transportation and Norfolk Southern each operate more than 80 freight trains in and out of Atlanta daily • Overnight freight service available from ports

Ocean • 250 miles (400 kilometers) from the Port of Savannah • Nation’s fastest-growing and 4th-largest container port – 2nd-largest on the east coast • 2nd-Most exports in the nation • Only U.S. port to have two Class-1 railroad facilities on terminal – CSX and Norfolk Southern Sources: Georgia Department of Economic Development; American Association of Port Authorities; Georgia Ports Authority; Georgia Power Economic Development

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MANUFACTURING & DISTRIBUTION HUB Largest Inland Distribution Markets in the U.S.: Atlanta, Chicago, & Dallas

Sources: Global Insight Inc.

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ATLANTA: HEADQUARTERS FOR THE AMERICAS Atlanta is a “custom-fit” solution for ready access to the Americas’ free trade agreements: 1. Connectivity: Hartsfield- Jackson Atlanta International Airport facilitates access to 60 destinations in 28 countries in the Americas. 2. International city with an expansive diversity of cultures and languages. 3. Business networking and connections: • 22 Latin American consulates • 10 bi-national chambers of commerce from Latin America • Professionals with experience in international business 4. Skilled workforce to support your operations for the region. • Science & Engineering (42%), Business (26%) Arts, Education and others (32%)

Source: One Source. Data 2011

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EXAMPLES OF ATLANTA-BASED HEADQUARTERS FOR THE AMERICAS

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DIVERSE ECONOMY & BUSINESSES Nonfarm Employment by Industry Construction, 4% Other Services, 4% Financial Activities, 6%

Information, 3% Trade, Transportation, and Utilities, 23%

Manufacturing, 6%

Leisure and Hospitality, 9%

Professional and Business Services, 18%

Education and Health Services, 13% Government, 14% Sources: Georgia Department of Labor, 2012 Current Employment Statistics, Atlanta MSA, not seasonally adjusted

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DIVERSE ECONOMY & BUSINESSES FORTUNE 500 Headquarters (13) Ranked 3rd in the U.S .for FORTUNE 500 HQ’s Ranked 3rd in the U.S. for Global 500 HQ’s

Sources: FORTUNE magazine, May 21, 2012

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DIVERSE ECONOMY & BUSINESSES Major Corporate Headquarters, Manufacturers, Operations, & Non Profits

Automotive Systems

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INTERNATIONAL PRESENCE Top Ten Investor Countries in Georgia # of Facilities # of Employees Consulate 1. 2. 3. 4. 5. 6. 7. 8. 9. 10.

Germany United Kingdom Japan France The Netherlands Canada Switzerland Sweden Italy Ireland

578 563 378 354 261 260 138 107 82 75

24,073 35,055 19,878 14,914 18,701 8,997 8,412 7,512 1,990 6,148

* Includes trade offices and business offices Sources: GeorgiaFacts.net, 2012

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INTERNATIONAL PRESENCE • The State of Georgia has nearly 3,600 foreign-owned business operations which represent 60 countries and employ more than 190,000 Georgians, of which approximately 2,700 foreign-owned business operations and 129,000 employees are in metro Atlanta • Approximately 65 countries are present in metro Atlanta representing the Southeast with 67 full & honorary consulates and trade offices, and 42 bi-national chambers of commerce • Home to CIFAL Atlanta, a North American center of the United Nations Institute for Training and Research (UNITAR) • Site of many international organizations’ conferences such as the Americas Competitiveness Forum (ACF), Experience America Ambassadors Tour, Bio International Convention • Over 700,000 people in metro Atlanta are foreign-born (2011) • Over 17,000 international migrants annually (2010-2011)

• Host of many international festivals and cultural events • Updated international arbitration code positions Georgia as a global destinations for the settlement of complex disputes between international companies Sources: GeorgiaFacts.net; Georgia Department of Economic Development; Metro Atlanta Chamber; U.S. Census Bureau, American Community Survey

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INTERNATIONAL PRESENCE

Automotive Systems

Sources: Metro Atlanta Chamber

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INTERNATIONAL PRESENCE Foreign Trade Exports • Metro Atlanta ranks #13 metro in U.S. for exports value ($20 billion in 2010) – Brookings, 2012 • Georgia exported $34 billion in goods in 2011

• Top destinations for Georgia exports are Canada, China, Mexico, Singapore, and Japan • Top industry sectors for Georgia exports are Aircraft/Spacecraft, Non-electric Machinery, Non-railway Vehicles, Electrical Machinery, and Wood Pulp Imports • Georgia imported $67 billion in goods in 2011 • Top partners for Georgia imports are China, Germany, Mexico, South Korea, and Japan

Sources: International Trade Administration, U.S. Department of Commerce

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TALENTED WORKFORCE • 2.7 million in the workforce; 259,000 available for work • 34.5% of population 25 years and over have completed higher education with a bachelor’s degree or higher • Median age of workforce – 40.5 years old • Among top ten in college-educated 25-34 year olds • 3rd lowest unionization rate in the nation (3.9%) • Georgia is a right-to-work state – workforce cannot be forced to join a union

• Georgia is an employment-at-will state – employer can make terminations for good, bad or no cause at all • Georgia has an internationally acclaimed workforce development program - QuickStart

Sources: U.S. Bureau of Labor Statistics; U.S. Census Bureau, American Community Survey; Metro Atlanta Chamber

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HIGHER EDUCATION HUB • Top higher education center for enrollment growth, degrees awarded & research spending • 57 colleges & universities in the metro Atlanta region enroll more than 250,000 students each year • 7 technical colleges enroll more than 60,000 students each year • HOPE (Helping Outstanding Pupils Educationally) – tuition scholarship and grant program for higher education in Georgia

Sources: Atlanta Regional Council for Higher Education (ARCHE); Technical College System of Georgia; Georgia Student Finance Commission

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TARGETED INDUSTRY CLUSTERS Supply Chain and Advanced Manufacturing





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Supply Chain – Supply chain management software, hardware, and services – Air cargo carriers – Distribution services – Transportation and logistics Advanced Manufacturing – Energy – Food processing – Electronics – Automotive – Aerospace

Technology

▪ ▪ ▪ ▪ ▪

Mobility – wireless applications and services Software development and engineering Financial transactions processing Internet and network security Digital media and content

Bioscience and Health IT

▪ Medical device ▪ Health IT ▪ Vaccine R&D ▪ Cardiovascular R&D ▪ Regenerative ▪

medicine Pharmaceuticals

Clean Tech

▪ Wind ▪ Solar ▪ Smart Grid ▪ Alternative Fuel ▪ ▪ ▪

Vehicles Water Technologies Energy Efficiency & Storage Recycling

SUSTAINABILITY Projects • Atlanta - #3 City for Energy Star Certified Buildings – EPA, 2011 • Atlanta Beltline - Largest Sustainable Urban Redevelopment Project underway in the U.S.

• Atlantic Station - One of the largest brownfield redevelopment projects in the world • Interface Showroom – First LEED platinum certified commercial interior • Philips Arena – First LEED Certified Sports Arena in the world • Emory University – First LEED Certified existing building in the U.S. • Gables Midtown – First ENERGY STAR qualified high-rise building in the Southeast • Atlanta Motorsports Park - First green, sustainable motorsports facility and country club of its kind

Sources: Metro Atlanta Chamber

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COMPETITIVE BUSINESS CLIMATE Business Rankings • #1 Metro for Lowest Cost of Doing Business (of the top 10 largest U.S. metro areas) – KPMG, 2012 • #1 City for Minority Entrepreneurs – Forbes, 2011 • #2 Top Metro for Entrepreneurial Activity - Kauffman Foundation, 2012

• #3 U.S. City for Global 500 Headquarters – FORTUNE, 2012 • #3 City for FORTUNE 500 Headquarters – FORTUNE, 2012 • One of only 9 U.S. Cities to rank as a “Global City” – Foreign Policy magazine, 2010 • #5 City for Business Friendliness – Thumbtack.com/Kauffman Foundation, 2012 • #6 State for Women-Owned Businesses – American Express, 2012 • #6 State with Lowest Tax Costs For New Firms – Tax Foundation/KPMG, 2012

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LOW COST OF LIVING Cost of Living Index

U.S. Average: 100

Sources: C2ER/ACCRA Cost of Living Index, 2011 (annual average released January 2012)

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COMPETITIVE BUSINESS CLIMATE Cost of Doing Business Index

US Average: 100

Sources: KPMG Competitive Alternatives: Guide to International Business Location, 2012 (released March 2012)

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COMPETITIVE BUSINESS CLIMATE Tax Incentives • Job Creation Tax Credits

• Employee Training

• Quality Jobs Tax Credit

• Georgia QuickStart

• Job Tax Credit • Mega Project Tax Credit

• ICAPP (Intellectual Capital Partnership Program)

• Opportunity Zones

• Local Work Force Development programs

• Research & Development Tax Credit • Additional Tax Credits or Exemptions

• Additionally, local and municipal incentives exist throughout the state, and vary according to location

• Port Tax Credit • Sales & Use Tax Exemption

Sources: Georgia Department of Economic Development

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COMPETITIVE BUSINESS CLIMATE Taxes • Georgia’s Corporate Income Tax = 6% applies to only the portion of income earned in Georgia using “Single Factor Gross Receipts” formula • Georgia’s Corporate Net Worth Tax ranges from $100 to $5000 annually based on net worth in Georgia • Georgia’s Sales Tax base rate = 4% + local sales tax = 1-4%

• Property Tax rates (millage rates) are set locally by each county/city – Assessed at 40% of fair market value • Individual income tax rate ranges from 1-6% based on 6 income brackets of individual’s federal adjusted gross income Sources: State of Georgia; The Tax Foundation; KPMG

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QUALITY OF LIFE Museums • High Museum of Art • Atlanta History Center • Carter Center & Presidential Library • Martin Luther King Jr. Center

Parks • Centennial Olympic Park • Piedmont Park • Stone Mountain Park • Chattahoochee River Parks

Performances • Atlanta Symphony Orchestra • Atlanta Ballet • Fox Theatre • Chastain Park Amphitheater • Music Midtown

Sporting Events • 8 professional sports franchises • NCAA Collegiate Sports •Chick-fil-A Bowl •The Tour Championship • Peachtree Road Race

Attractions • Georgia Aquarium • CNN Center • World of Coca-Cola • Zoo Atlanta

Recreation • Golf – more than 100 courses • Tennis – largest tennis association (ALTA) • Running –2nd-largest running organization (Atlanta Track Club) • Water sports – Lake Lanier & Lake Allatoona • Hiking/camping – North Georgia mountains; Appalachian Trail

Festivals • Atlanta Dogwood Festival • National Black Arts Festival • Many neighborhood festivals Dining & Shopping • Always a new restaurant to try • Zagat-Rated restaurants • Regional malls • Boutiques

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Children’s Activities • Sports leagues • Community centers • Youth groups

E: [email protected] GLOBAL.METROATLANTACHAMBER.COM

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