Issues to Consider Before a Start-up in the U.S. : Issues to Consider Before a Start-up in the U.S. Opportunities for Turkish companies in Georgia
Support for Turkish companies in Georgia
Georgia as the premier location for companies May 10, 2006
Georgia Department of Economic Development (GDEcD) : Georgia Department of Economic Development (GDEcD)
Mission:
Business Expansion and (Re)location
International Trade
Tourism
Small Business Development
Office of Science and Technology
Film, Video and Music
GDEcD Global Offices : GDEcD Global Offices *Mexico *Atlanta *Toronto *São Paolo London* *Munich *Jerusalem Seoul* *Tokyo Santiago* *(Shanghai)
Georgia, USA : Georgia, USA · Atlanta
European Facilities in Georgia : European Facilities in Georgia European investors contribute to Georgia’s diverse economy and the economic vigor of the state
Over 1,140 companies
Over 2,900 affiliated
facilities
Over 160,000 employed
20 countries represented
European commercial presences include sales, customer service, distribution, manufacturing, and research and development facilities
Georgia in Numbers : Georgia in Numbers
Turkish-U.S. Trade : Turkish-U.S. Trade Georgia‘s GDP as a % of US GDP
3%
Exports
To the US: 4.9 billion $ USD
Imports
From the US: 5.3 billion $ USD
From Georgia: 0.4 %
Trade with Turkey: Exports from Georgia to Turkey : Trade with Turkey: Exports from Georgia to Turkey
Exports from Georgia to Turkey (thousands $ USD) : Exports from Georgia to Turkey (thousands $ USD)
Among Georgia‘s Industries : Among Georgia‘s Industries
Among Georgia‘s Industries (cont.) : Among Georgia‘s Industries (cont.)
State of Georgia European Services : State of Georgia European Services Investment Promotion:
Support for European companies
…at no cost
All services are offered free of charge
…in the strictest confidence
Company data is used for GDEcD purposes only
…where every job matters
GDEcD serves a one-man sales offices as well as a 500-employee manufacturing plant
State of Georgia European Services : State of Georgia European Services Support for European Companies includes:
Information about business environment, costs, industry clusters, manufacturers, etc.
Tailor-made site location studies, including specific community recommendations
Business and site location assistance
Introduction to and assistance with incentive programs
Comprehensive community and site visiting programs
Labor recruitment and training assistance
Introduction to attorneys, accountants, local authorities, companies, etc.
“After-Sales“ service and continued support
Choosing a Site Location: Factors to Consider : Choosing a Site Location: Factors to Consider
Availability of skilled labor
Cost of doing business (taxes, operating costs)
Commercial infrastructure
Transportation and logistics
Proximity to technical colleges, universities and research centers
Availability of land, buildings and accessible commercial offices
Incentives
Quality of life
Slide15 : Why Georgia? The Southeast: the most rapidly growing economic region in the United States
Proximity to clients and suppliers
Business Networking
Access to decision makers
Excellent and accessible transportation network
Slide16 : Why Georgia? Benefits from traditional commercial links between the US and South America
Talent – availability of a skilled workforce
A great place to live and work
Business Location Advantages : Business Location Advantages Work Force
Excellent universities, excellent graduates!
Pool of qualified workers in a wide range of industries
Right-to-Work and Employment at will legislation
Wages and social costs lower than the national average
Strong work ethic
Business Location Advantages : Business Location Advantages Operating Cost Environment
Moderate costs for property, construction and business leases
Moderate costs for wages, power and general operating activities
Moderate costs for housing and living in general
Operating Costs : Operating Costs
Business Location Advantages : Business Location Advantages Industrial Infrastructure
Consistent economic growth above the national average
Diversified economy with a number of important industries:
Traditional (Automotives, Aerospace, Textiles, Pulp & Paper, Carpet, Construction Materials, Agriculture, Tourism)
Expanding (Plastics, Telecommunications, Electronics, Software, Automotive Components, Biotechnology)
Business Location Advantages : Business Location Advantages Commercial Infrastructure
International services
European business chambers, trade offices and consular offices
Modern telecommunications system
Container seaports, commercial air service and major rail & highway systems
Atlanta – An International City : Atlanta – An International City
53 countries represented
21 career consuls general
33 honorary consuls
15 trade & investment agencies
32 bi-national chambers of commerce
Market Access : Market Access
Hartsfield-Jackson International Airport
Largest airport worldwide
83 million passengers, 2004
2,400 average daily flights
Non-stop service to 154 US destinations
80% of US population within a 2-hour flight
Non-stop to 49 international cities
Market Access (cont.) : Market Access (cont.) 80% of the market can be reached within
2 hours by plane and within 2 days by truck.
Market Access (cont.) : Market Access (cont.) Deepwater ports in Savannah and Brunswick
Inland barge operations in Bainbridge and Columbus
Education : Education 4th largest University System in the US
Almost 70 public colleges, universities and technical colleges
54 schools offer technology programs
Georgia Tech in top 4 graduate engineering schools (US News & World Report)
HOPE scholarships keep the best and brightest students in Georgia
More than 850,000 scholarships awarded
Business Location Advantages : Business Location Advantages Business & Industrial Policy
Pro-business government policies; consistency of tax and business legislation
Stable tax policy – 6% corporate income tax unchanged since 1969
Business incentives available to new and existing companies
Labor Training Programs
Tax Credits for creating jobs or capital investment
Georgia’s “BEST” Act
Sales Tax Exemptions
Local Incentives and Grants
Georgia as a Venture Capital State : Georgia as a Venture Capital State 5th in the nation
Largest industry benefactors include
Software development, 20.9 %
Biotechnology, 18.4 %
Telecommunications, 12.3 %
Turkish subsidiaries can also benefit from access to venture capital
The Georgia Research Alliance : The Georgia Research Alliance Promotes cooperative research among Georgia’s major research universities and the private sector
Endeavors to leverage state funds with matching federal and private sector grants to encourage science, technology, and economic growth of the State
Funds are appropriated for:
Professorships – Eminent Scholars
Research Facilities and Equipment
Georgia Tech
Georgia State University
University of Georgia Medical College of Georgia
Emory University
Clark Atlanta University
The Georgia Research Alliance : The Georgia Research Alliance Telecommunications and Advanced Computing
Biosciences and Biotechnology
Environmental Science and Technology
Cluster Groups
Smart Sensor Systems
Biomanufacturing
Infection Diseases
Nanoscience/Nanotechnology
Bioinformatics
Digital Content
Advanced Communications
Next Generation Gene Discovery
Quality of Life : Quality of Life
Mild year-round climate
Diverse topography
Affordable cost of living
Great healthcare system
Youthful & multinational population
Dynamic job growth
Diverse outdoor activities
Golf, tennis, boating, water-skiing, hiking, hunting, fishing
Put your dreams in motion! : Put your dreams in motion!
Thank you for keeping Georgia on your mind… : Thank you for keeping Georgia on your mind…
For more information: : For more information: Georgia Manufacturing Directory Database
www.georgiafacts.net
Honorary Consul General of Turkey
Ms. Mona Tekin Diamond, Hon. Consul General
1266 West Paces Ferry Road, Northwest, Suite 257
Atlanta, Georgia 30327
Tel: +1 404 848 9600
Fax: +1 404 364 0777
www.honturkishconsulga.org
Contact Us : Contact Us Antje Abshoff, Managing Director
State of Georgia European Office
Im Amerika Haus, Karolinenplatz 3
80333 Munich
Tel: +49 (0) 89 517 027 40
Fax: +49 (0) 89 517 027 45
munich@georgia-europe.org
www.georgia-europe.org