Peach Tree Times

Atlanta, GA – Governor Brian P. Kemp, along with the Georgia Department of Economic Development (GDEcD), announced today that Georgia has earned the No. 1 spot in Site Selection’s annual Prosperity Cup rankings for successful investment recruitment in 2023. The national award takes into account the total values of new and expanded facilities in the state, business-climate attractiveness, and workforce readiness.

Governor Brian Kemp stated, “I always proudly tell companies across the country and the world how great Georgia is for operating and growing a business. This award from Site Selection just adds to a decade of evidence that the way we do business in the Peach State is working." He added that when job creators choose Georgia, they gain access to global markets through logistics assets like Hartsfield-Jackson International Airport and some of the fastest-growing ports in the nation.

In 2023, Georgia attracted 318 new and expanded facilities which secured its top ranking according to Site Selection. Among these was an expanded scope for Hyundai Motor Group Metaplant America (HMGMA) -- which marked the largest project in state history. Last year, HMGMA announced an additional 400 new jobs and $2 billion in investment bringing its total investment to $7.59 billion.

Site Selection’s Mark Arend commented on this achievement saying, “The Prosperity Cup recognizes state-level economic development competitiveness. Georgia’s consistent delivery of location attributes required by capital investors demonstrates to our readers that it competes to win.”

Georgia also welcomed more than 10 Hyundai and automotive suppliers in 2023 reaching middle Georgia and beyond. These suppliers will ultimately create over 4,300 new jobs and bring $1.2 billion in combined investment.

GDEcD Commissioner Pat Wilson said, “Across Georgia, our economic development team is truly collaborative... Taking the top spot in the 2024 Prosperity Cup reaffirms that the Georgia Way works. Decades of partnerships and laying the groundwork for intentional economic development from the community level to the state level, combined with our consistent pro-business policies, have led to these positive results."

For more information on Georgia’s selection for this recognition or more about the 2024 Prosperity Cup, visit Site Selection’s website.