NEW & NEXT
AROUND THE STATE
GEORGIA ECONOMIC
DEVELOPMENT TRENDS
Tom CroteauGeorgia Departmentof Economic Development
Steve GrableJones, Lang, LaSalle
Brian KastickPortFresh Logistics
Bert BrantleyGeorgia Departmentof Economic Development
LOGISTICS SUMMIT
April 9, 2018
Distribution, E-commerce & inland ports: GDEcD
► GDEcD
► Logistics and Distribution projects were up 39% from FY16 to FY17
► FY17 – 50 projects, $1.17B investment, 7,137 jobs created
► FY18 to date – 45 projects, $600M investment, 4,857 jobs created
► Recent Locations:
► ASOS – Union City, Fulton County
► Tory Burch – McDonough, Henry County
► Safavieh – Savannah, Chatham County
► Variety Wholesalers – Newnan, Coweta County
Distribution, E-commerce & inland ports: Georgia Ports AUthority
► $128 million Mega-Rail Project
► Will allow the GPA to better handle unit trains
► Will position Savannah to rapidly increase service to inland markets, from Atlanta to Memphis, St. Louis, Chicago and the Ohio Valley
► Completion is expected at the end of 2020
► The Appalachian Regional Port
► Inland rail yard in Chatsworth, Ga
► Expected completion in fall of 2018
► Will cut Atlanta truck traffic by 50,000 trips per year, and expand GPA’s reach into Tennessee, Northeast Alabama and Kentucky
Data Centers, Software & innovation: Atlanta and peeking out
► Facebook recently announced the location of
a new data center in the Stanton Springs
Park. The company will invest $750M in the
project.
► Data centers have created nearly $2 billion
investment since 2017.
► Software and Technology companies have
created $121M investment and over 3,500
jobs in FY18 to date.
► New Data Center legislation in 2018
• Governor Deal announced in January, construction to be completed in Summer 2018
• Comprised of two buildings with a total of 332,000 square feet and budgeted at more than $100 million, it is the single largest investment in a cybersecurity facility by a state government to date
• Augusta’s civilian cyber workforce estimated to reach 2,880 - including military, that number will be over 12,000
• Average annual salary for these cyber security positions is approximately $77,000
Cyber security: Augusta’s Hull McKnight Georgia Cyber Innovation and Training Center
International projects:
► Tariff-driven Projects
► Auto, White Goods, Solar, etc.
► General Investment Hesitation
► U.S. Economy Risk/Reward
Riddle
► 59% of locations, 71% of jobs created and 50% of investment comes from companies based in European countries
► FDI projects make up approximately 20 - 25% of total locations, jobs and investment
► For FY18 to date, international companies have generated
► 70 locations
► 5,146 jobs
► $1.5 billion investment
Sites & Buildings: Product development
► Industrial Parks
► Lakes at Green Valley – Spalding County
► Highland 75 Industrial Park – Bartow County
► Repurposing Buildings
► Springs – Hart County
► Fruit of the Loom – Rabun County
► CAT – Thomas County
► Megasites
► Heart of Georgia – Laurens County
► East Atlanta – Walton County
► GRAD ProgramThe Lakes at Green Valley
Supply Chain Decisions
• Analyze network
strategy, inventory
optimization and
transportation
• Logistics outsourcing
evaluation
• Facility design
and planning
• Location selection –
iLocate / Orion
• Blackbird
• Workforce analysis
and interviews
• Real estate due
diligence
• Project profiling
• Feasibility assessment
• Analysis and modeling
• Negotiations
• Application and
documentation
• Monitor and tracking
• Procurement of proposals
• Proposal analysis
• Negotiate proposal terms
• Contract documentation
• Lease vs. buy analysis
• Accounting, tax and
finance expertise
• Debt and equity
financing
• Build-to-suit financing
• Building modification
planning
• Budget and schedule
preparation
• Site / building due
diligence
• Design and construction
management
• Value engineering
• Sustainable strategies
• Baseline and benchmark
portfolio performance
• Portfolio-wide
Energy/Sustainability
Management programs
Our integrated services
Supply Chain
& logistics
solutions
Our clients face many challenges today. Economic uncertainty, volatile fuel costs, increasing
customer service requirements and global complexities, all play a critical role in your real estate
decisions. That’s why, at JLL, we make it our job to understand your entire business—not just
your real estate needs—to save you time, reduce costs and mitigate risk.
NEW & NEXT
AROUND THE STATE
GEORGIA ECONOMIC
DEVELOPMENT TRENDS
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