State of Georgia Sunum

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Information about State of Georgia Sunum

Published on October 17, 2007

Author: Kestrel


Issues to Consider Before a Start-up in the U.S.:  Issues to Consider Before a Start-up in the U.S. Opportunities for Turkish companies in Georgia Support for Turkish companies in Georgia Georgia as the premier location for companies May 10, 2006 Georgia Department of Economic Development (GDEcD):  Georgia Department of Economic Development (GDEcD) Mission: Business Expansion and (Re)location International Trade Tourism Small Business Development Office of Science and Technology Film, Video and Music GDEcD Global Offices:  GDEcD Global Offices *Mexico *Atlanta *Toronto *São Paolo London* *Munich *Jerusalem Seoul* *Tokyo Santiago* *(Shanghai) Georgia, USA:  Georgia, USA · Atlanta European Facilities in Georgia:  European Facilities in Georgia European investors contribute to Georgia’s diverse economy and the economic vigor of the state Over 1,140 companies Over 2,900 affiliated facilities Over 160,000 employed 20 countries represented European commercial presences include sales, customer service, distribution, manufacturing, and research and development facilities Georgia in Numbers:  Georgia in Numbers Turkish-U.S. Trade:  Turkish-U.S. Trade Georgia‘s GDP as a % of US GDP 3% Exports To the US: 4.9 billion $ USD Imports From the US: 5.3 billion $ USD From Georgia: 0.4 % Trade with Turkey: Exports from Georgia to Turkey:  Trade with Turkey: Exports from Georgia to Turkey Exports from Georgia to Turkey (thousands $ USD):  Exports from Georgia to Turkey (thousands $ USD) Among Georgia‘s Industries:  Among Georgia‘s Industries Among Georgia‘s Industries (cont.):  Among Georgia‘s Industries (cont.) State of Georgia European Services:  State of Georgia European Services Investment Promotion: Support for European companies …at no cost All services are offered free of charge …in the strictest confidence Company data is used for GDEcD purposes only …where every job matters GDEcD serves a one-man sales offices as well as a 500-employee manufacturing plant State of Georgia European Services:  State of Georgia European Services Support for European Companies includes: Information about business environment, costs, industry clusters, manufacturers, etc. Tailor-made site location studies, including specific community recommendations Business and site location assistance Introduction to and assistance with incentive programs Comprehensive community and site visiting programs Labor recruitment and training assistance Introduction to attorneys, accountants, local authorities, companies, etc. “After-Sales“ service and continued support Choosing a Site Location: Factors to Consider:  Choosing a Site Location: Factors to Consider Availability of skilled labor Cost of doing business (taxes, operating costs) Commercial infrastructure Transportation and logistics Proximity to technical colleges, universities and research centers Availability of land, buildings and accessible commercial offices Incentives Quality of life Slide15:  Why Georgia? The Southeast: the most rapidly growing economic region in the United States Proximity to clients and suppliers Business Networking Access to decision makers Excellent and accessible transportation network Slide16:  Why Georgia? Benefits from traditional commercial links between the US and South America Talent – availability of a skilled workforce A great place to live and work Business Location Advantages:  Business Location Advantages Work Force Excellent universities, excellent graduates! Pool of qualified workers in a wide range of industries Right-to-Work and Employment at will legislation Wages and social costs lower than the national average Strong work ethic Business Location Advantages:  Business Location Advantages Operating Cost Environment Moderate costs for property, construction and business leases Moderate costs for wages, power and general operating activities Moderate costs for housing and living in general Operating Costs:  Operating Costs Business Location Advantages:  Business Location Advantages Industrial Infrastructure Consistent economic growth above the national average Diversified economy with a number of important industries: Traditional (Automotives, Aerospace, Textiles, Pulp & Paper, Carpet, Construction Materials, Agriculture, Tourism) Expanding (Plastics, Telecommunications, Electronics, Software, Automotive Components, Biotechnology) Business Location Advantages:  Business Location Advantages Commercial Infrastructure International services European business chambers, trade offices and consular offices Modern telecommunications system Container seaports, commercial air service and major rail & highway systems Atlanta – An International City:  Atlanta – An International City 53 countries represented 21 career consuls general 33 honorary consuls 15 trade & investment agencies 32 bi-national chambers of commerce Market Access:  Market Access Hartsfield-Jackson International Airport Largest airport worldwide 83 million passengers, 2004 2,400 average daily flights Non-stop service to 154 US destinations 80% of US population within a 2-hour flight Non-stop to 49 international cities Market Access (cont.):  Market Access (cont.) 80% of the market can be reached within 2 hours by plane and within 2 days by truck. Market Access (cont.):  Market Access (cont.) Deepwater ports in Savannah and Brunswick Inland barge operations in Bainbridge and Columbus Education:  Education 4th largest University System in the US Almost 70 public colleges, universities and technical colleges 54 schools offer technology programs Georgia Tech in top 4 graduate engineering schools (US News & World Report) HOPE scholarships keep the best and brightest students in Georgia More than 850,000 scholarships awarded Business Location Advantages:  Business Location Advantages Business & Industrial Policy Pro-business government policies; consistency of tax and business legislation Stable tax policy – 6% corporate income tax unchanged since 1969 Business incentives available to new and existing companies Labor Training Programs Tax Credits for creating jobs or capital investment Georgia’s “BEST” Act Sales Tax Exemptions Local Incentives and Grants Georgia as a Venture Capital State:  Georgia as a Venture Capital State 5th in the nation Largest industry benefactors include Software development, 20.9 % Biotechnology, 18.4 % Telecommunications, 12.3 % Turkish subsidiaries can also benefit from access to venture capital The Georgia Research Alliance:  The Georgia Research Alliance Promotes cooperative research among Georgia’s major research universities and the private sector Endeavors to leverage state funds with matching federal and private sector grants to encourage science, technology, and economic growth of the State Funds are appropriated for: Professorships – Eminent Scholars Research Facilities and Equipment Georgia Tech Georgia State University University of Georgia Medical College of Georgia Emory University Clark Atlanta University The Georgia Research Alliance:  The Georgia Research Alliance Telecommunications and Advanced Computing Biosciences and Biotechnology Environmental Science and Technology Cluster Groups Smart Sensor Systems Biomanufacturing Infection Diseases Nanoscience/Nanotechnology Bioinformatics Digital Content Advanced Communications Next Generation Gene Discovery Quality of Life:  Quality of Life Mild year-round climate Diverse topography Affordable cost of living Great healthcare system Youthful & multinational population Dynamic job growth Diverse outdoor activities Golf, tennis, boating, water-skiing, hiking, hunting, fishing Put your dreams in motion!:  Put your dreams in motion! Thank you for keeping Georgia on your mind…:  Thank you for keeping Georgia on your mind… For more information::  For more information: Georgia Manufacturing Directory Database Honorary Consul General of Turkey Ms. Mona Tekin Diamond, Hon. Consul General 1266 West Paces Ferry Road, Northwest, Suite 257 Atlanta, Georgia 30327 Tel: +1 404 848 9600 Fax: +1 404 364 0777 Contact Us:  Contact Us Antje Abshoff, Managing Director State of Georgia European Office Im Amerika Haus, Karolinenplatz 3 80333 Munich Tel: +49 (0) 89 517 027 40 Fax: +49 (0) 89 517 027 45

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