Atlanta, GA ~ Atlanta, GA - In a recent announcement, Governor Brian P. Kemp and the Georgia Department of Economic Development (GDEcD) revealed that the state has been named the top spot in Site Selection's annual Prosperity Cup rankings for successful investment recruitment in 2023. This prestigious national award takes into account various factors such as the total values of new and expanded facilities, business-climate attractiveness, and workforce readiness.

Governor Kemp expressed his pride in Georgia's achievement, stating, "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 also highlighted Georgia's strategic location with access to global markets through logistics assets like Hartsfield-Jackson International Airport and rapidly growing ports.

According to Site Selection, Georgia secured the top ranking by attracting 318 new and expanded facilities in 2023. This includes major projects such as Hyundai Motor Group Metaplant America (HMGMA), which announced an additional 400 jobs and $2 billion in investment last year. With a total investment of $7.59 billion, HMGMA is set to create 8,500 new jobs for Georgians. Another significant project is Anovion Technologies' $800 million synthetic graphite manufacturing facility in southwest Georgia, which will bring 400 new jobs.

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In northeast Georgia, Meissner Corporation plans to create over 1,700 new jobs at its new campus that will double its manufacturing footprint in the U.S. These success stories demonstrate Georgia's consistent delivery of location attributes required by capital investors.

Mark Arend from Site Selection explained that "The Prosperity Cup recognizes state-level economic development competitiveness." He added that "Georgia's consistent delivery of location attributes required by capital investors demonstrates to our readers that it competes to win."

Georgia's economic development team, including sister state agencies, utility partners, and local economic developers, has been praised for their collaborative efforts in attracting businesses to the state. GDEcD Commissioner Pat Wilson stated, "Taking the top spot in the 2024 Prosperity Cup reaffirms that the Georgia Way works." He also acknowledged the support of Georgia's leaders in promoting pro-business policies and creating a conducive environment for economic growth.

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The recognition comes on the heels of Hyundai Motor Group Metaplant America's groundbreaking in October 2022. In 2023, Georgia welcomed over 10 Hyundai and automotive suppliers, bringing a combined investment of $1.2 billion and creating more than 4,300 new jobs. Additionally, expansions at Kia's facility in West Point and Toyota's campus in Pendergrass added a combined 440 new jobs and $286 million in investment.

For more information on Georgia's selection for this recognition or the 2024 Prosperity Cup, visit Site Selection's website at The success of Georgia's economic development efforts serves as a testament to the state's commitment to fostering a business-friendly environment and creating opportunities for its citizens.

Filed Under: Government, State

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