Global Commerce Georgia Academy for Economic Development

1. Global CommerceGeorgia Academy for Economic Development January 2010

2. About the Georgia Department of Economic Development (GDEcD) Georgia’s lead sales and marketing arm • Global Commerce • Tourism • Film, Music & Digital Entertainment

3. Global Commerce New Strategic Vision

4. Global Commerce New Strategic Vision More effective, More efficient • Industry-Focused Project Management Teams • 12 Region Service Delivery • Unified Marketing Communications Team • Role of Communities and Associations

5. Existing Industry & Regional Recruitment Georgia Department of Economic Development Regional Services Map

6. Existing Industry & Regional Recruitment Georgia Department of Economic Development Regional Services

7. State’s Advantages for Business & Industry • Logistics • Workforce • Operating costs • International business connections • Business environment • Quality of life

8. Business Environment • 1st in workforce training • 1st in fiscal policies • 1st in entrepreneurship • 3rd in business climate • 4th most Fortune 500 company headquarters • 5th best state for business • 7th most pro-business • 7th best cost of labor • 7th best state for biotech industry

9. Recruitment, Expansion & Retention • Prospective AND Existing companies • Information, logistical support, site selection process • Projects cover a broad range of industry types: • Headquarters • Manufacturing • Distribution • Telecommunications

10. Confidentiality • Vitally important to the company and the community • Code names • Non-disclosure agreements • Local media, politics • Dangers of social networking sites What happens if your community has difficulties with confidentiality?

11. Georgia’s Strategic Industries • Advanced Communications • Advanced Manufacturing • Aerospace • Agribusiness • Bioscience • Business & Financial Services • Energy • Logistics

12. Georgia’s Strategic Industries Industry clusters targeted for growth • Selection criteria: • Growth potential • State assets • Opportunities for multiple regions • Research capabilities • Most important: industry’s potential to increase Georgians’ average income

13. New & Expanded Industry Announcements

14. Business Retention • Existing Industry: • 80% of New Job Growth • Less Expensive • Community Image • Supplier Recruitment

15. Small Business is Critical in Georgia • 700,000+ Georgia businesses • Top 3 for number of franchisors headquarters • Companies with fewer than 20 employees create 80% of all new jobs

16. Promise for the Future • Delta/Northwest merger • VW Chattanooga: jobs and suppliers • 2009 Bio International Convention • Entrepreneur Friendly Initiative • Ft. Benning & Moody AFB expansions • Kia plant began production • Savannah harbor deepening

17. International Business Missions In FY09, GDEcD led 27 economic development missions to 13 countries. The Governor led economic development and diplomatic missions to: • China • Spain • Italy • Portugal

18. Georgia in the World

19. Georgia’s International Offices Services • Foreign Direct Investment • Export Assistance • Tourism Leads Brand Georgia as an ideal location for business, quality products and services and tourism

20. Top Investor Nations in Georgia 2008

21. Companies Statewide Involved in Trade More than 7,500 Georgia firms involved in trade are located in 88% of Georgia’s counties

22. Georgia’s Major Trading Partners Top 10 Import and Export Markets (2008)

23. What is Georgia Buying & Selling? Top Products Traded Internationally (2008, based on dollar value)

24. What does trade mean for Georgia? • More Income for Georgians • More Jobs, Higher Wages • 2 times as many jobs • 20% more rapid employment growth • 17% higher wages • More Stable Companies • 9% less likely to go out of business • Markets are diversified

25. Centers of Innovation • Centers of Innovation Provide • Deep Industry Expertise • Access to Innovative R&D • Connections to State Resources

26. State Incentives and Partners • Training & Hiring • Tax Credits & Exemptions • HOPE • Financing • Infrastructure & Permitting • Site Location and Facility Assistance • Business Plan Helping Outstanding Pupils Educationally

27. Partnerships are Key • Existing industries • Communities • State agencies • Utilities and railroads • Education community • Business community • Federal agencies

28. Georgia Allies • Partnership between state government and private corporations • Promotes business development in Georgia • Activities • Existing industry program • Trade missions • Marketing outreach

29. Georgia Work Ready • 100,452 Work Ready Certificates • 86% successfully earned a Work Ready Certificate • 20% available workforce at gold or higher • 140 participating counties • 24 Certified Work Ready Communities • 5 pending improving graduation rate • 340+ Work Ready job profiles • 16 Work Ready Regions

30. Community & Building Information • www.ga-sites.com • www.georgiafacts.net • www.locationgeorgia.com • www.selectgeorgia.net

31. Community Outreach and Alliances • Strategic planning • Entrepreneur & small business development • Economic development • “Entrepreneur Friendly” • Professional development • Email opportunity blasts (trade shows, marketing, best practices) • Strategic planning Entrepreneur Summit: March 2-3, 2010 ww.gamarketing.org/2010EntrepreneurSummitWebsite

32. Community Outreach and Alliances • Mentor Protégé Connection • Strengthening Association Relationships • Enhanced Business Communications • “How To” Tools for Communities on website • Tools for Businesses Community & External Alliances: Mary Ellen McClanahan, Director memcclanahan@georgia.org