Georgia on Business Facilities Online

GEORGIA Fast Facts

• Population (2008): 9,685,744
• Largest Cities (2008): Atlanta, 537,958; Augusta, 199,486; Columbus, 186,984; Savannah, 132,410;
   Athens, 114,737
• Targeted Industries: Bioscience, Advanced Manufacturing, Agribusiness, Advanced Communications, Energy
• Key Incentives: Single Factor Gross Receipts, Centers of Innovation, Job Tax Credit
• GDP (All Industry 2008): $397.7 billion*

*Bureau of Economic Analysis, U.S. Department of Commerce

GEORGIA State Incentives

In 2005, Georgia became the first state in the Southeast to adopt a "Single Factor Gross Receipts" Apportionment Formula, which substantially reduces Georgia income tax for companies based in the state that deliver a large portion of products or service to customers outside Georgia. (In the previous corporate income tax system, companies were taxed on property in Georgia, total payroll receipts, and Georgia gross receipts.)

Georgia's employee training program, Quick Start, provides customized training for new employees in skill-based jobs at no cost to qualifying companies. Quick Start provides training space, instructors, and all program-related materials. In addition, Georgia offers the Intellectual Capital Partnership Program (ICAPP), through which the state's public colleges and universities can create a program to expedite the education of highly skilled workers for a specific company's need.

Georgia's Centers of Innovation offer numerous opportunities to explore new technologies and innovation. The state has established six Centers of Innovation, each supporting a different industry, where companies can accelerate their growth by tapping into university-sponsored research, university and private sector talent, and other state and private sector resources.

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Georgia State Resources

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