Georgia Well Positioned for Future Growth & Remaining Number One State to Do Business
Thursday, January 23rd, 2025
The Georgia Chamber Foundation published the 2025 Economic Competitiveness Redbook (Redbook), the most comprehensive collection of statewide economic data and the Foundation’s annual capstone project. Now in the third year of publication, the Redbook is a guide to Georgia's economic achievements and forecasted trends for informed business and legislative decision-making.
A digital copy of the Redbook is available on the Georgia Chamber’s website by clicking here.
The Georgia Chamber Foundation team prepared the Redbook by analyzing a broad array of economic data. Where applicable, the Redbook provides state-by-state comparisons and county-specific findings for each of Georgia’s 159 counties.
Georgia’s population is one example outlined in the Redbook of how Georgia’s strong business climate is projected to sustain quality growth. Over the last six years, Georgia has created 359,000 jobs and $154 billion in capital investment. Data now indicates that the rate of population growth in rural Georgia will exceed that of Metro Atlanta and Hub communities due to strategic investments and economic activity in rural Georgia. These results demonstrate that data driven decision making is invaluable in furthering economic opportunity across the state.
Chris Clark, CCE, President & CEO of the Georgia Chamber of Commerce said:
“The Georgia Chamber’s Redbook is a treasure chest of economic data for Georgia’s business, community, non-profit, and political leaders. Because of the hard work from Daniela and her team at the Georgia Chamber Foundation, the Redbook has become an indispensable resource, and I commend the Foundation for another job well done. Our new strategic plan, GEORGIA | 2050 was developed with the Redbook’s data and analysis to ensure Georgia remains a beacon of economic opportunity for the next 25 years.”
Daniela Perry, Executive Director of the Georgia Chamber Foundation said:
“Our goal is to continue to provide valuable business intelligence and long-term forecasting for your business. Having access to high-quality data will enable strategic decision-making by Georgia business and elected leaders to sustain Georgia’s record-breaking economic success. I am proud of the work of the Georgia Chamber Foundation team to develop our third edition of the Redbook.”
Some of the highlights of the 2025 Economic Competitiveness Redbook include:
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By 2050, Georgia could add as many as 2.5 million Georgians and 3.1 million jobs. To effectively capitalize on this growth, Georgia needs to be well-positioned to connect talent and industry, and to support evolving needs of growing communities.
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The fastest growing population group in Georgia is individuals 65 years and older. This has implications for the succession of the workforce, and for the need to bolster support services in sectors like healthcare.
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Business applications increased by over 73% and venture capital investment from business by 40% from 2018 to 2023, but rate of business realization from application remains low. Continuing to support growth resources and opportunities to entrepreneurs will further diversify and bolster the statewide economy.
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Georgia is internationally competitive in trade and logistics, largely due to a robust network of ports, roads, and railways. In order to maintain and grow the safest and most efficient logistics network, Georgia will need to invest $84 billion by 2050.
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The state consistently maintains one of the lowest tax burdens in the country and this year ranks eighth lowest, ensuring Georgia remains competitive and fosters a pro-growth business climate.