Georgia Power

Community &

Economic Developm

ent

What is it?

Most simply,it is the creation of wealth.

Economic Development

What is the Process?

Process of elimination - not inclusion

Economic Development

Economic Development Process

• Why companies relocate?

• Most states and communities are eliminated before they even know there is a project

• Follow the path of least resistance

• Very Competitive

What are the Decision Factors?

Economic Development

Top Location Decision Factors Corporate Decision Makers

* Not in top ten factors for year shownSource: Area Development Magazine, Corporate Surveys, 2005 to 2011

‘10 ‘09 ‘08

Low Crime Rate 1 1 1* (Tie)

Healthcare Facilities 2 2 1* (Tie)

Housing Costs 3 4* (Tie) 3

Housing Availability 4 3 4* (Tie)

Ratings of Public Schools 5 4* (Tie) 4* (Tie)

Climate 6 6 6

Colleges & Universities in the Area 7 8 7

Cultural Opportunities 8 9 9

Recreational Opportunities 9 7 8Source: Area Development Magazine, Corporate & Consultants Surveys, 2008 to 2010

Top Quality of Life Corporate Decision Makers

The More You Learn, The More You Earn

Unemployment Rate in 2011 (in %)

Source: Bureau of Labor Statistics, 2012

Median Weekly Earnings in 2011 (in $)

Source: 2010-2011 Report Card, The Governor’s Office of Student Achievement, and FY 2011Report, Georgia Department of Corrections

Cost of Education vs. Incarceration

• Proximity to markets• Transportation• Labor costs• University system• Non-unionized workforce• Electricity• Training • Pro-business government• Attraction of talent

Why Georgia is Good for Business

• GA Department of Economic Development

• GA Department of Labor• GA Department of Community

Affairs• University and Technical College

System of Georgia• GA Ports Authority• GA Department of Revenue• GA Department of Natural

Resources

• Chamber of Commerce and Development Authorities

• Atlanta Regional Commission• Georgia Research Alliance• Elected officials• Banks, railroads, developers and real

estate brokers• Public school system• Utility Companies

Who are the players

• The largest subsidiary of Southern Company• Investor-owned, tax-paying utility • 8,552 employees • 2.4 million customers• Serves 155 of the state’s 159 counties• *Oldest statewide economic development organization in

Georgia

Georgia Power Overview

More Than 85 Years of Generating Growth

• Community Development (region-based)• Metro (including Urban Policy)• Non-Metro

• Statewide Economic Development• Engineering (Sites, Parks, Prospects)• Georgia Resource Center• Research• Community Relations

C&ED Major Resources

• Assist existing industry with expansions, as well as retention.• Coordinate business recruitment at the local level.• Provide assistance with workforce training incentives and tax credits.• Instruction for local leaders in the five-step economic development

process.• Partner with State of Georgia regional representatives in business

expansion, recruitment and retention.

Region Support Services

Statewide Economic Development

• Site location expertise for manufacturing, corporate or regional headquarters, R & D, data centers, back office, life sciences, and warehouse/distribution facilities

• Site visit coordination including liaison with local leaders

• Access to state and local incentives

• Custom market and supplier analyses and industry research

• Partnerships with state allies and government agencies

• Engineering evaluation and analysis of sites (physical features, environmental, and feasibility studies).

• Preliminary site plan designs to show how a proposed facility could work on a particular site.

• Information on available sites and buildings in Georgia.• Business and industrial park site selection analysis.• Conceptual designs for business and industrial parks.• GIS analysis and maps.• Site and building flyers, and large format industrial park photography.

Engineering Services

Engineering Services

More than 500 industrial parks

designed by Georgia Power

• Comprehensive RFI preparation.• Demographic and business data for specific market areas.• Custom market and supplier analyses.• Industry-specific research reports on target industries.• Customized city and state comparisons.• Custom maps and graphics.• Available office and industrial building searches.

Research

Georgia Resource Center

What Can You Do?

Economic Development

Thank You !

Economic Development