State Issues
Georgia Job Creation Remains Strong
October 2, 2024
Late last month, Governor Brian P. Kemp announced another record-breaking year of sustained momentum for business recruitment and expansions for the State. Between July 1, 2023, and June 30 of this year, the Georgia Department of Economic Development (GDEcD) Global Commerce team supported 429 facility expansions and new locations resulting in more than $20.3 billion in investment and the commitment of 26,900 new, private sector jobs statewide.
The Governor’s office also announced that 83% of expansions and new locations are on their way to communities outside the 10-county Atlanta region, representing more than 18,300 new jobs and $12.5 billion in investment.
In the Metro Atlanta area, growth continues to support the State’s overall economy as a logistics and business hub, attracting nearly $7.8 billion in investments. Statewide, new locations account for $12.8 billion in investments, and expansions are responsible for 9,800 new jobs.
About the ARA Market Brief
The Atlanta REALTORS® (ARA Market Brief is compiled by First Multiple Listing Service (FMLS) and provides the only regionally focused synopsis of monthly sales and home prices for single-family residential properties. The Market Brief covers the following 11 counties: Cherokee, Clayton, Cobb, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Paulding, and Rockdale.
The data in this report was compiled by First Multiple Listing Service (FMLS). For more information on details of this month's report, please contact the Association at 404.250.0051.
*Each month, the numbers reported for the previous month are updated to reflect additional recordings.
About the Atlanta REALTORS® Association
The Atlanta REALTORS® Association (ARA) has been an instrumental factor in the growth of real estate in the state of Georgia for more than a century. With over 14,000 members, Atlanta is the largest association in Georgia and is considered to be one of the strongest and most successful REALTOR® organizations in the nation. ARA serves as a central source of information for its members, mainly focusing on real estate education, the promotion of professionalism in the industry, and representing REALTORS® members with legislative initiatives to create positive change for the real estate community.
About First Multiple Listing Service
First Multiple Listing Service (FMLS) is the premier data services provider for real estate professionals in Georgia. FMLS was founded in 1957 by a group of Brokers who wanted to share their listings and connect buyers and sellers. Today FMLS is the largest MLS in Georgia & the 4th largest MLS in the United States, serving nearly 54,000 real estate Agents & Brokers. For additional information or to start a discussion about how to partner with FMLS please contact join@fmls.com.