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Why Atlanta For Business

Why Atlanta For Business. Keys to Atlanta’s Success. Economic Engine 138,000 Established Businesses 2.6 Million in the Workforce Low Unemployment 4 th Fastest Growing State in the past 10 Years 9 th Largest Metro in the US Global Connections 49 Foreign Consulates

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Why Atlanta For Business

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  1. Why Atlanta For Business

  2. Keys to Atlanta’s Success • Economic Engine • 138,000 Established Businesses • 2.6 Million in the Workforce • Low Unemployment • 4th Fastest Growing State in the past 10 Years • 9th Largest Metro in the US • Global Connections • 49 Foreign Consulates • 31 Foreign/American Chambers of Commerce • World Class Talent • Center of Higher Education • 45 Degree granting Colleges and Universities • Competitive Business Climate • Economic Development State Incentives • Superior Quality of Life

  3. Economic Engine of the Southeast • Last Year Atlanta gained more that 60,000 jobs • Metro Atlanta adds 100,000+ people per year • 2006 more than 70,000 new housing starts • Personal income growth continues to be higher than the national average • 9th for Numbers of High-net Worth Individuals • Preliminary job growth estimates through next year projects 44,000 more jobs • Although the rate of recovery is slower than the growth experienced between 1995-2000, the city has a 3-year trend of job growth • Source: Bureau of the Census, Bureau of Labor Statistics, July 2005; Economy.com, July 2005, MACOC; U.S. Census Bureau, American; Community Survey 2003

  4. Economic Engine of the Southeast Diverse Economy LEADING INDUSTRY RANKINGS BASED ON EMPLOYMENT • Business Services ranked in the top 5 • Telecommunications ranked 2nd • Computer Software Development and Services ranked 6th • Transportation and Logistics ranked 5th • Manufacturing Center – 7th largest in the US • Healthcare and Higher Education ranked in the top 5 Source: MACOC

  5. National Rankings • 9th Largest US Population Center • Population: Surpassed 5 Million (2006)2000 – 2006 added 856,266 • Average 142,000 annually • 2020 Projected Population over 7 • Addition of 2 Million People in the next 13 years • Equivalent of Denver, CO • AARP Magazine ranked Atlanta among the top five places to retire 2007 • "A sophisticated metropolis with southern charm, Atlanta offers abundant volunteer and cultural opportunities," the magazine said. "Retirees also appreciate the wide range of housing options." • 2ndLargest Job Generator in 2005 Behind Phoenix • Third Largest Fortune 500 Concentration for the 6th year 12 Fortune 500; 27 Fortune 1000

  6. National Rankings • Ranked 7th in the nation for the percent of population that has completed college (34.7% of adults 25 years and older) • Atlanta Leads the Nation in Attracting Most Coveted Demographic • “Young and Restless” Place to be for Highly Educated 25- to 34-year-olds • Cost of Living Index: 97.5% (1st Qtr 2006) • Forbes.com has ranked Atlanta as one of the Best Markets for Buyers.  Atlanta ranked #10 in a list that included New York City, San Diego and Miami. • Forbes.com as #3 in the list for Best Cities for Young Professionals.

  7. National Rankings

  8. National Rankings

  9. In Top 10 Best Markets for Women in Business • # 9  - Atlanta • All woman-owned businesses: 124,061 (8) • 272 woman-owned businesses for every 10,000 residents. That's the 8th strongest concentration in the country, a full 23 percent above the U.S. average of 221 per 10,000. Those same Atlanta companies generate $21.6 billion in annual revenues, outperforming all but four markets nationwide. • Women holding bachelor's degrees: 33.4% • Women holding advanced degrees: 11.1% • Management and professional jobs held by women: 40.2% • Notes: Business statistics are from the 2002 federal economic census. All other statistics are from 2005.

  10. Top Five North American City of the Future • 4th best city of the future • 4th in “best human resources” • 3rd in “best economic potential” • 3rd in “best infrastructure” • 1st in “most business friendly” FDI Magazine

  11. Atlanta’s Income Gains • Atlanta - Median HH Income • of $75,344 by 2010 • +3.9% Annually 2005 - 2010 • U.S. - Median HH Income • of $58,384 by 2010 • +3.3% Annually 2005 - 2010

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