Ga. sets new records for investment, jobs
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No matter where your business is headquartered, when you decide grow in Georgia, you become a Georgia company. Georgia’s recordbreaking numbers are the result of years of dedication to prioritizing the creation of high-quality jobs in every corner of the state.”
Commissioner of Economic Development Pat Wilson
ATLANTA — New investment in Georgia topped $21.2 billion during the last fiscal year, with 358 projects creating 51,132 jobs, Gov. Brian Kemp announced.
The investment and jobs figures surpassed the state’s previous records by 94% and 53%, respectively.
“We are proud companies continue to recognize the advantages of Georgia’s business-friendly environment, superior logistics network, (and) top-ranked workforce training program,” Kemp said during a Wednesday ceremony inside the Georgia Capitol.
The two biggest economic development projects in Georgia history played a big role in the success of fiscal 2022. Electric-vehicle manufacturer Rivian, Hyundai Motor Group and 10 other automotive projects were responsible for nearly 16,000 of the new jobs.
With neither Rivian nor Hyundai located in the 10-county Atlanta region, 85% of the investments in the last fiscal year occurred in other parts of the Peach State.
Other sectors besides auto manufacturing that saw big investment and job gains were advanced manufacturing — including EV industry suppliers — bioscience and financial technology.
Foreign direct investment accounted for more than $8 billion. The top five sources were South Korea, Germany, Japan, France, and the Netherlands.
“No matter where your business is headquartered, when you decide to grow in Georgia, you become a Georgia company,” said state Commissioner of Economic Development Pat Wilson. “Georgia’s record-breaking numbers are the result of years of dedication to prioritizing the creation of highquality jobs in every corner of the state.”