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Why atlanta for business?

Why atlanta for business?. Metro Atlanta offers…. Regional Business Center Diverse Economy & Businesses Global & Domestic Access International Presence. REGIONAL BUSINESS CENTER. Southeast Region Largest economy of all regions in the U.S. (based on GDP)

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Why atlanta for business?

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  1. Why atlanta for business?

  2. Metro Atlanta offers… • Regional Business Center • Diverse Economy & Businesses • Global & Domestic Access • International Presence

  3. 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.

  4. 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

  5. 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 • 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

  6. 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

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

  8. 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

  9. 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 • Superior infrastructure, extensive intermodal network of air, road, rail and port 5 Days 3 Days 2 Days 4 Days 1 Day Maps courtesy of Georgia Power Community & Economic Development

  10. 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

  11. 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

  12. Manufacturing & Distribution hub Largest Inland Distribution Markets in the U.S.: Atlanta, Chicago, & Dallas Sources: Global Insight Inc.

  13. 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

  14. EXAMPLES OF ATLANTA-BASED HEADQUARTERS FOR THE AMERICAS

  15. DIVERSE ECONOMY & BUSINESSES FORTUNE 500 Headquarters (14) 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

  16. Diverse Economy & businesses Major Corporate Headquarters, Manufacturers, Operations, & Non Profits Automotive Systems

  17. International Presence Automotive Systems Sources: Metro Atlanta Chamber

  18. E: GLOBALCOMMERCE@MACOC.COM GLOBAL.METROATLANTACHAMBER.COM

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