State Issues
Georgia Breaks Economic Development Records
August 20, 2023
For the third year in a row, Georgia exceeded records for economic development initiatives throughout the state. Governor Brian P. Kemp recently announced, that between July 1, 2022, and June 30, 2023, total investments in facility expansions and new locations totaled more than $24 billion, resulting in 38,400 new jobs through 426 projects supported by Georgia Department of Economic Development’s (GDEcD) Global Commerce team.
The Governor’s announcement claimed, “When excluding the two largest projects in state history – Rivian and Hyundai Motor Group – from the previous year’s job creation figures, total jobs as a result of FY23 projects exceeded the previous record by more than 2,800 new positions. Annual investment totals have also increased by 131 percent over the last three years.”
Furthermore, the Atlanta region is not the only area of the State benefiting from this growth. “Eighty-two percent of new jobs created and more than $20 billion in investments are on their way to communities outside the 10-county Atlanta region. Expansions account for 71 percent of total projects, and new locations for 65 percent of new jobs announced across the state,” according to the Governor’s statement.
About the GRBOR Market Brief
The Greater Rome Board of REALTORS® (GRBOR) Market Brief is compiled by Georgia Multiple Listing Service (GAMLS).For more information on details of this month's report, please contact the Board at 404.845.4025.
*Each month, the numbers reported for the previous month are updated to reflect additional recordings.
About the Greater Rome Board of REALTORS®
The Greater Rome Board of REALTORS® (GRBOR) has been an instrumental factor in the growth of real estate in Floyd County, Georgia for more than a decade. GRBOR serves as a central source of information for its members, with mainly focusing on real estate education, the promotion of professionalism in the industry and representing REALTORS® members with legislative initiatives to create positive change for the real estate community.
About Georgia Multiple Listing Service
Since 1962 Georgia MLS has been providing real estate professionals with exceptional service, proven technology solutions, and unmatched value. With a laser-sharp focus on making the day-to-day tasks of our MLS subscribers more functional, more productive, and more profitable, we continue to implement the service blueprint that has led to our continued growth. For additional information or to start a discussion about how to partner with GAMLS please contact georgiamls@gamls.com.