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Economic development

Georgia Sets New Record for Business Recruitment and Expansions in Fiscal Year 2025

Strategic Insights

— 2 min read

The state of Georgia achieved a new record for business recruitment and expansions in Fiscal Year 2025, with 423 facility expansions and new locations supported by the Georgia Department of Economic Development (GDEcD). These commitments represent over $26.3 billion in investment and 23,200 new private-sector jobs over the next few years. The state's business-friendly environment, led by Governor Brian Kemp and the GDEcD, has been successful in attracting new companies and creating an environment where existing employers can grow and thrive.

Key Takeaways:

  • The Georgia Department of Economic Development (GDEcD) supported 423 facility expansions and new locations in Fiscal Year 2025, a record number.
  • These commitments represent over $26.3 billion in investment, a new record.
  • 23,200 new private-sector jobs will be created over the next few years.
  • Expansions at existing Georgia companies accounted for 74% of projects, building on an estimated 50,000 jobs already employing Georgians.
  • The state's business-friendly environment supports opportunity in every corner of the state, with 77% of all expansions and new locations occurring in communities outside the 10-county Atlanta region in FY25.
  • Companies like TriNet, A.I.G., CRH, Duracell, and Mercedes-Benz established or expanded key corporate functions in the 10-county region.
  • Georgia attracted more than 6,500 new jobs from international companies expanding or locating in the U.S.
  • International companies committing to more than $3 billion in investment, with 64% slated for expansions within the state.
  • Notable international investments include Irving Tissue's expansion in Macon, GreenBox Systems' new location in Butts County, and KISS USA's expansion in Bryan County.
  • Georgia remains the No. 1 state for business according to Area Development magazine, a title it has claimed for over a decade.
  • The state is investing over $18 million to help rural communities prepare new industrial sites through the Rural Site Development Initiative.

Statistics:

  • 423 facility expansions and new locations supported by GDEcD in Fiscal Year 2025.
  • Over $26.3 billion in investment, a new record.
  • 23,200 new private-sector jobs to be created over the next few years.
  • 74% of projects were expansions at existing Georgia companies.
  • 77% of all expansions and new locations occurred in communities outside the 10-county Atlanta region in FY25.
  • 6,500 new jobs from international companies expanding or locating in the U.S.
  • More than $3 billion in investment from international companies.
  • 64% of international investments slated for expansions within the state.
  • Over $18 million invested in rural communities to prepare new industrial sites through the Rural Site Development Initiative.

Sources:

  • Office of the Governor of Georgia
  • Georgia Department of Economic Development (GDEcD)
  • Area Development magazine

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