GET TO KNOW BUSINESS Georgia’s Business Momentum
BUSINESS TRENDS FOR 2022 ARE POWERED BY INNOVATION AND DIVERSITY By The Georgia Department of Economic Development
ties—continue to diversify the state’s
Tech and Talent
population and economy, producing
In Atlanta, a variety of factors helped the
record results. Georgia now enters 2022
city achieve back-to-back titles as the
with the same foundation of assets and a
number one tech hub. Investments in
great deal of promise for generating new
education, targeted industry growth and
jobs and investment in metro Atlanta and
seamless partnerships led to this achieve-
every corner of the state.
ment from Business Facilities in 2020 and
New economic development projects
2021. Furthermore, Georgia startups in
and expansions resulted in a five percent
the metro Atlanta area alone raised nearly
increase in job creation above previous
$3 billion over the past year, according to
state economic development records,
PitchBook, the National Venture Capital
n 2021, Georgia achieved a banner
while investments increased by 46 per-
Association’s Venture Monitor report, for
year for economic development
cent between July 2020 and June 2021.
the third quarter of calendar year 2021.
despite a global pandemic. Georgia’s
By the numbers, this means the Georgia
Additionally, in 2020, the Partnership for
foundation of strong assets—including
Department of Economic Development
Inclusive Innovation was launched as a
the state’s highly skilled and educated
(GDEcD) and local communities secured
first-of-its-kind public-private partnership
workforce, existing logistics infrastruc-
nearly $11 billion in new investments in
to lead coordinated, statewide efforts to
ture and strong partnerships with other
projects that will create more than 33,400
encourage growth, entrepreneurship and
agencies, companies and communi-
direct jobs.
innovation across the state. These assets
I
18 KNOWAtlanta WINTER 2022
