5. •EMSI (Economic Modeling)
•On The Map (labor & commute sheds)
•Economic Impact Models (Implan)
•Harvard Cluster Mapping Project
•Career Builder
•Business Wise, Hoovers, Reference USA
•DnB
•Directory of Corporate Affiliations
•CoStar Real Estate data
•GPC Economic Development Industry Database
•ESRI Data/Mapping
•Census/ACS/FactFinder/Trade Data
•Immigration/in-migration (IRS, Moody’s)
•Moody’s Data Buffet
•Woods & Poole Economics
•Moody’s Economy.com
•Tax Foundation
•Occupational Costs (BLS/GDOL/EMSI)
•RS Means Square Foot Costs
•CCH| Incentives Calculator
•ACCRA COLI
6. What We Do
Why Talent is Important
History of Top Location Decision Factors Survey, Corporate Decision Makers
Occupancy/Construction Costs
Energy Availability & Costs
Corporate Tax Rate
Available Buildings
Tax Exemptions
Low Union Profile
* Not in top ten factors for year shown
Source: Area Development Magazine, Corporate Surveys, 2005 to 2012
2
5
6
7
8
9
10
1
1
2
1
1
2
1
N/A
Highway Accessibility
N/A
N/A
N/A
N/A
N/A
N/A
5
7
4
l
8
10
4
9
6
l
3
l
7
4
5
l
3
l
3
5
8
l
4
9
5
3
7
l
10
10T
7
9
3
l
6
l
7
10
6
l
8
l
7. What We Do Site Selection: Process of Elimination
Talent Availability or Cost
Process of elimination (Barriers to success)
Regulatory
Environmental (air, water, permitting)
Financial
Natural disaster threats
Business environment
Taxes
Permitting
Cost of living/cost of doing business
Workforce availability
Accessibility (air, highway, rail, port)
Real Estate Options
Sites/buildings
Infrastructure – Telecom/Highway
Source: CBRE, Jonathan Sangster
8.
9. Real GDP:
2011 (
2012: (
2014:
2013:
2015:
Taxes Up,
Spending
Down
European
Economic
Conditions/
US Debt
Hiring /
Confidence
Slowing
Emerging
Markets
Regulatory
Environment
11. The Georgia Economy Ready for Take Off
Positive growth began in
2011(1.6%), 2.6% by 2015
Unemployment rate
continues to drop over the
next 5 years – down to
5.1% by 2017 – ATL
(GA-6.0%)
• Professional & Bus Serv.
• Information
• Leisure & Hospitality
• Construction
• Trade
• Education and Health
Services
• Finance
• Government -1.4%
• Manufacturing -1.6%
• Growth in information
tech / business services
industries
• Construction rebounding
• Continued growth of
trans equip
manufacturing
• Port Harbor deepening
(2017)
27. Northwest Region 4 Counties – Where Workers Live (Labor Shed)
Economic
Interdependence
Among Counties
57.1% Workers Live in
Region
Source: Bureau of the Census, On the Map 2010
28. A Regional Voice Offers Attractive Concentration
Regional Population Base (2012):
356,746
Source: ESRI, 2013
Regional Pipeline of Talent (Universities, Technical Schools)
Regional
Employment:
141,000
Source: Bureau of Labor Statistics; Economic Modeling 2013
Source: National Center for Educational Statistics, 2011
Graduate data of universities and technical colleges.
48. Percentage of Persons in Poverty
Estimated U.S.: 15.9%
Estimated Georgia: 19.2%
Note: The lighter the color, the more
impoverished the area.
Source: 2010 Poverty Rates, Small Area Income and Poverty Estimates
(SAIPE), U. S. Bureau of the Census
49. Whiteout indicates that no SAT score was available for that county
Source: Georgia Department of Education, 2013 data
51. •
•
•
•
Low high school grad rate and SAT in region
• Leads to workforce training issues
Areas without access to broadband internet (DSL over phone line not acceptable)
• Need fiber area to make an area competitive
Developmental costs are disproportionate, infrastructure costs relatively high due to terrain, lack of
natural gas
Topological challenges
Lack of regionalism in many areas
Weaker labor shed concentration
Lack of available buildings
•
•
•
Very strong work ethic. NW region always been manufacturing region. Generational values
Some available workforce (high UE rate) just not enough
Recent project wins (Caterpillar, Kubota, Engineered Floors) – prepared sites and ED Leadership
•
•
•