Best Cities to Start a Business in Georgia
For the fourth year in a row, Site Selection Magazine ranked Georgia as the top state for business. More and more Fortune 1000 companies, including Anthem Inc. and Honeywell, are relocating to the state, adding up to twenty-six Fortune 1000 companies total with headquarters in Georgia.
These companies create thousands of jobs, and with them, consumers, generate opportunities for an entrepreneur to find a niche in a growing economy. What Georgia has in common with other business-friendly states in the Southeast is low tax rates and an affordable way of life. What sets it apart is its well-developed tech infrastructure and cooperation between universities and the private sector to fund breakthroughs in medical technology.
The Georgia Research Alliance is an organization that directs both public and private funds into research facilities of the state’s top schools (Georgia Tech, Emory University), supporting research into projects that yield new technology aligning with industry demand. GRA grants have underwritten successful and exciting improvements in medical technology, including an advanced, non-invasive MRI system and a cutting-edge, cryo-electron microscope that produces three-dimensional, high-resolution images of virus particles unparalleled in quality.
Successful coordination between government, business, and universities for the sake of bolstering the economy is a sure sign of a mature business environment that rewards enterprise.
Only cities with over 50,000 inhabitants are reported in the results. Some data had to be interpolated to the county level and extrapolated to all the cities in the county. We concentrated on the following metrics to obtain our ranking: Cost of living, Best state for business, Unemployment, Kauffman index, and Universities.
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