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Why Atlanta for Business
Atlanta Has the best long-term factors for success:
No. 1 lowest relative cost of doing business
No. 1 America’s most wired cities
No. 5 Cities with most Fortune 500 headquarters
No. 5 Centers of Transportation & Logistics Employment in U.S.A.
250 miles from third-largest container port in U.S.A.
80 % of U.S.A. population within two days truck travel or two hours air travel
1. Economic Engine
138,000 Established Businesses
2.6 Million Workforce
Low Unemployment
4th Fastest Growing State in the past 10 Years
9th Largest Metro in the US
2. Global Connections
3. World Class Talent
4. Competitive Business Climate
5. Superior Quality of Life
Economic Engine of the Southeast
- In 2006 Atlanta gained more that 60,000 jobs
- Metro Atlanta adds 100,000+ people per year
- In 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 2008 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
- 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
- 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
- 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."
- 2nd Largest Job Generator in 2005 behind Phoenix
- Third Largest Fortune 500 Concentration for the 6th year 12 Fortune 500; 27 Fortune 1000
- 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.
- In Top 10 Best Markets for Women in Business
* No. 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.
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
Atlanta’s Income Gains
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