Why Atlanta For Your Business?

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1 Why Atlanta For Your Business?

2 Metro Atlanta Chamber (MAC) of Commerce The Metro Atlanta Chamber (http://metroatlantachamber.com) was founded in 1860.Metro Atlanta Chamber (MAC) is made up of a unique mixture of 4,000 businesses, including world-renowned Fortune 500 companies and institutions like CDC that are headquartered in Georgia. MAC members come from a wide range of industries and fields, from high-tech manufacturing, life science, healthcare IT to personal services. MAC has a twofold role in the area of Global Commerce. The Global Business Growth team supports local Atlanta companies doing business internationally while the Foreign Direct Investment team helps international companies that want to open an office or facility in metro Atlanta. The Metro Atlanta Chamber provides confidential and free services to foreign companies seeking market entry into the U.S.

3 Georgia s bioscience and health IT industries Responsible for almost $30 billion in annual reported revenue and 120,000 employees. The Health IT industry in Georgia already leads the nation with more than 200 companies and more than $4 billion in annual reported revenue and 15,000 employees. The bioscience industry is also firmly rooted in the state, with more than 100,000 jobs and an annual economic impact of $23 billion. Source: KPMG S 2010 Competitive Alternatives Study, Guide to Int l Business Location

4 Metro Atlanta s top tier bioscience sub-clusters MAC s New Economy Task Force identified three top tier bioscience sub-clusters: *Healthcare information technology and bioinformatics *Medical device commercialization, research, development and manufacturing *Vaccine research and development and infectious disease control Metro Atlanta has a wide variety of companies within the bioscience area, ranging from the nation s largest healthcare IT company to small start-ups seeking to commercialize promising technology. Source: KPMG S 2010 Competitive Alternatives Study, Guide to Int l Business Location

5 Metro Atlanta s bioscience industry *More than 300 bioscience companies have operations in metro Atlanta. *This number includes domestic headquarters and operations for major companies such as CIBA Vision, Kimberly-Clark, Solvay, UCB Pharma, CR Bard, Elekta, Styker and Merial. *Emerging companies such as CardioMEMS, Altea Therapeutics, GeoVax, Given Imaging and Inhibitex Source: KPMG S 2010 Competitive Alternatives Study, Guide to Int l Business Location

6 Metro Atlanta s leading bioscience companies Alcon/Ciba Vision Corp Merial LLC Ethicon/Noramco/J&J Quest Diagnostics UCB C.R. Bard Inc. Covidien Inc. Quintiles Porex Dendreon American Red Cross CryoLife Inc. Solstas Lab Partners - formerly Doctors Laboratory Inc Laboratory Corp of America Elan Holdings Inc Caire/Chart Biomedical Eli Lilly Immucor Inc. Kimberly-Clark Corporation Mikart Inc Elekta Inc Siemens Healthcare Diagnostics Theragenics Source: KPMG S 2010 Competitive Alternatives Study, Guide to Int l Business Location

7 Keys to Atlanta s Success Economic Engine for the Southeast Global Image World Class Talent Competitive Business Climate Superior Quality of Life

8 The Southeast: Economic Engine of the U.S. Southeast is the leading market for population and economic growth in U.S. 5 th largest economy (GDP) in the world at $3.1 trillion Over $972 billion in retail sales Population: 78 million Changes in U.S. Congressional representation 2010 U.S. Census: Southeast gains 4 Congressional seats; Northeast loses 5, Midwest loses 6. Atlanta

9 Metro Atlanta Capital of Georgia - booming but stable state largest state east of Mississippi River population: 10 million (2010) fastest-growing state of the top 10 most populous one of only 8 U.S. states with AAA bond rating from all 3 ratings agencies 28 counties 8,400 square miles, 22,000 square kilometers 9 th largest U.S. population center 5.5 million projected to reach 8.5 million by 2040 GDP $270.0 billion forecasted to grow to $440.0 billion by 2040

10 Hartsfield-Jackson Atlanta International Airport World s Busiest and Most Efficient #1 in the world in passenger volume (c. 90 million) Ranked world s most efficient airport by Air Transport Research Society (2010) Over 2,700 daily departures and arrivals Nonstop flights to over 80 international markets and 156 domestic markets Air cargo capabilities and perishables center on airport site Maynard H. Jackson, Jr. International Terminal scheduled to be completed by spring 2012 Source: HJAIA

11 A Balanced Economy Fuels Metro Atlanta Jobs Source: Georgia Department of Labor, 2009 Current Employment Statistics data, Atlanta MSA, not seasonally adjusted

12 Fortune 500 Headquarters 3 rd Nationally Global 500 Headquarters 3 rd Nationally Source: FORTUNE magazine, 2011

13 Major Corporate Headquarters, Manufacturers, Operations, Non-Profits Diverse and Balanced Sony Ericsson

14 International Presence Over 65 countries are present in metro Atlanta representing the Southeast, including full & honorary consulates, trade offices, and bi-national chambers of commerce Home to CIFAL Atlanta, a North American center of the United Nations Institute for Training and Research (UNITAR) Site of many international organizations conferences such as the Americas Competitiveness Forum (ACF), American Wind Energy Association, Bio International Convention Over 700,000 people in metro Atlanta are foreign-born (2009) Average annual net gain of nearly 24,000 new international residents ( ) Host of many international festivals and cultural events Source: GeorgiaFacts.net; Georgia Department of Economic Development; Metro Atlanta Chamber; US Census Bureau, American Community Survey

15 Talented Workforce 2.6 million in the workforce 250,000 available for work 34.1% of population 25 years and over have completed higher education with a bachelor s or post-graduate degree Median age of workforce: 39.7 years old 3 rd lowest unionization rate in the nation: 4.0% Georgia is a right-to-work state workforce cannot be forced to join a union Georgia is an employment-at-will state employer can make terminations for good, bad or no cause at all Georgia has an internationally acclaimed workforce development program - QuickStart Source: US Bureau of Labor Statistics; US Census Bureau, American Community Survey; Metro Atlanta Chamber

16 Higher Education Top higher education center for enrollment growth, degrees awarded & research spending 57 colleges & universities in the metro Atlanta region enroll more than 250,000 students each year 8 technical colleges enroll more than 48,000 students each year HOPE (Helping Outstanding Pupils Educationally) - tuition scholarship and grant program for higher education in Georgia Source: Atlanta Regional Council for Higher Education (ARCHE) ; Technical College System of Georgia; Georgia Student Finance Commission

17 Metro Atlanta Chamber - Economic Development Targeted Industry Clusters Supply Chain & Advanced Manufacturing Supply Chain - Supply chain management software, hardware and services; air cargo carriers and routes; distribution services; transportation & logistics. Advanced Manufacturing energy; food processing, electronics, automotive; aerospace Technology: Digital media and content; internet and network security; software development & engineering; wireless applications & services; financial transactions processing Bioscience & Health IT Medical device; health IT; vaccine R&D; cardiovascular R&D; regenerative medicine R&D, animal/plant biotech; pharmaceuticals Corporate Operations & Business Services Corporate headquarters; professional services, i.e., engineering & architectural design; graphic design & marketing; financial services and insurance

18 Competitive Business Climate & Costs Business Rankings #1 Top U.S. Metros for Low Cost of Doing Business KPMG, 2010 #1 Top U.S. Cities for New Graduates - Careerbuilder, 2010 #2 Top State Business Climate Site Selection Magazine, 2011 #2 America s Most Wired Cities Forbes, 2010 #3 Top U.S. Cities for the Americas Headquarters FDI Magazine, 2009 One of only 9 U.S. Cities to rank as a Global City Foreign Policy Magazine, 2010

19 Cost of Living Index Competitive Business Climate: An Affordable Place to Live U.S. Average = Source: ACCRA Cost of Living Index, 2010

20 Cost of Doing Business Index Atlanta: A Competitive Place to Do Business U.S. Average = 100 Source: KPMG S 2010 Competitive Alternatives Study, Guide to Int l Business Location

21 Quality of Life Cultural Attractions, Performing Arts, Festivals, Dining ATLANTA BALLET Martin Luther King Center Birthplace & Tomb World of Coke Dining Always a new restaurant to try Zagat-Rated restaurants Fox Theatre

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