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Economic Development

Posted on: October 15, 2014

IT'S A TEST- Do You Know What Percentage of Georgia Businesses Are Considered "Small"?

GEDA logo_thumb.jpg

QUESTIONS:


-Do you know what percentage of Georgia businesses are considered small?

-What grade did Georgia get for government transparency?

Use the answers to sell your business---


FACTS:

• There are 680,159 registered establishments in Georgia (SOS: 9/2/14)
• According to the GA Dept. of Labor, 274,629 business establishments represented GA employment in the third quarter of 2013; of those:
o 99.8% are categorized as small (fewer than 500 employees)
o 97.7% employed fewer than 100
o 94.6% employed fewer than 50
o 77.6% employed fewer than 10
Georgia Rankings
• GA ranks #1(up from #8) in US for top state for business and remains #1 in workforce (CNBC 7/14)
• GA ranks #1 for being the top competitive state in US (Site Selection 5/14)
• GA ranks #1(2nd straight year) in US for fastest growth in number of women-owned firms (American Express OPEN 3/14)
• GA ranks #11 in US as a top exporting state (Trade & Economic Analysis 3/14)
• GA ranks #1 in US for best state for business (Site Selection 11/13)
• GA ranks #2 Overall in US for top states for doing business; #3: best business environment & labor climate; #2: overall infrastructure & global access (Area Development 9/13)
• GA ranks #9 in US for best states for starting a business; “Entrepreneur Friendly” cited (Entrepreneur.com 5/13)
• GA ranks #10 for Small Business Friendliness, gets an “A” for ease of hiring; “B” for training & networking programs (Thumbtack/Kauffman 4/13)
• GA gets an “A” grade for online government transparency (Sunlight Foundation 3/13)
• GA ranks #8 for Best State for Business - up from #11 (Forbes 12/12)
• Emory University and Georgia Tech among top 100 universities in the world (Center for World University Rankings 7/12)
• GA (& Utah) will add more health-care jobs than any other states between 2010-2020 (Georgetown Univ. Center 7/12)
• GA’s economic outlook ranks 10th among 50 states (American Legislative Exchange Council 4/13)
• GA ranks #2 for states experiencing the largest increases in entrepreneurial activity rates over the past decade; Atlanta/Marietta/Sandy Springs tied at # 2 for entrepreneurial activity by metro area (Kauffman 3/12)
• GA ranks #2 in US for highest number of black-owned businesses at 20.4% (2/13: US Census 2/11)
• Georgia Tech among top 12 universities for creating economic impact through innovation (Innovation U 2.0 5/14)
• 89% of Georgia’s companies employ 5 and under (AEO/US Census)
Miscellaneous
• Atlanta ranks #5 in US for green office buildings and other commercial properties (Green Building Adoption Index 7/14)
• Atlanta ranks #5 on Enterprising Cities list (US Chamber 5/14)
• Atlanta ‘burbs Sandy Springs & Marietta rank #6 in US as top ten fastest growing places to retire (Nerdwallet.com 3/14)
• Atlanta ranks #12 for America’s Fastest Growing Cities 2014 (Forbes 2/14)
• Atlanta ranks #1 in US as the Top City to which people are moving (CNNMoney 1/14)
• Metro Atlanta in Top 5 nationally (out of 100) for the “World’s Most Competitive Cities” (IBM/Site Selection 12/13)
• Atlanta ranks #3 in job growth (AZ State Univ 7/13)
• Atlanta gets an “A-“ for overall Small Business Friendliness (Thumbtack/Kauffman 2013)
• Atlanta is #22 best city in US for business and careers (Forbes 8/13)
• Atlanta is 4th smartest city in US (Movato LLC 6/13)
• Atlanta earned an “A” for best American city in which to start a business (NerdWallet Inc. 4/13)
• Atlanta in Top 100 world cities for an innovation economy in 2012-13 (2thinknow 2013)
• Atlanta is a top U.S. market for life science companies (Jones Lang LaSalle 1/13)

ENTREPRENEUR & SMALL BUSINESS QUICKFACTS from the Georgia Department of Economic Development

phone: 404.962.4820
email: memcclanahan@georgia.org
website: georgia.org/smallbusiness

Small business resources...
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