Despite Pandemic, Gov. Kemp Reports FY20 Economic Development Projects Increase in Georgia
23 Oct 2020
ATLANTA – September 1, 2020 –Governor Brian P. Kemp, in conjunction with the Georgia Department of Economic Development (GDEcD), announced an increase in economic development projects in Georgia and a total of more than $7.4 billion in new investments made in the state during fiscal year 2020. This news follows today’s announcement by Governor Kemp that Area Development has named the State of Georgia the “Top State for Doing Business” for the seventh consecutive year.
During fiscal year 2020, economic development project locations increased compared to the prior year, and the state reported a 30% increase in jobs created outside the ten-county metro Atlanta area. From July 1, 2019 to June 30, 2020, and despite the global impacts of COVID-19 during the second half of the fiscal year, GDEcD’s Global Commerce division supported the creation of 24,133 new jobs – generating more than $7.4 billion in total investment. The location of 350 projects constituted a 4% increase from fiscal year 2019.