When choosing where to start or expand a business, you want a location with a positive economic outlook and ready availability of top talent. You may find just what you’re looking for in the bustling city of Atlanta.
High Rankings in Key Areas
Atlanta has the distinction of ranking highly in several categories important to business growth and career success:
• No. 1 in availability of internships
• No. 1 most affordable big city
• No. 1 U.S. city for startups, aside from New York and San Francisco
• No. 1 world’s busiest airport
• No. 2 area for economic growth potential
• No. 2 city for professional opportunities
• No. 3 market for labor growth rate in tech talent, showing a 34.7 percent increase between 2012 and 2017
• No. 4 “most fun city”
Why is all of this important for businesses? These factors make Atlanta attractive not only to business owners but also to talented candidates seeking solid career opportunities.
Establishing your company or opening a new location in the city puts you practically on top of a stream of activity flowing through the airport, which has the potential to open up more opportunities as people from across the country and around the globe visit Atlanta for business and pleasure.
Promising Atmosphere for Growth
For three years in a row, Georgia has ranked first for business among all states in the U.S. Atlanta in particular is known for its growing fintech, supply chain and bioscience industries, making the city a smart choice for companies dealing in new and emerging technologies.
Startups are welcomed and encouraged in Atlanta, helped along by a network of accelerators and incubators and guidance from both the city and the Chamber of Commerce. According to Forbes, Atlanta ranks 11th in “best places for business and careers,” a statistic reflected by the $1.15 billion in venture funding given to startups in 2018.
Positive Economic Outlook
Atlanta’s job growth rate remains above the national average despite some slowing in recent years. Sectors such as construction and hospitality show the strongest year-over-year employment growth rate. The rate for the city as a whole stands at 2.4 percent, making Atlanta sixth out of the 12 largest metro areas in the country.
Construction of office and retail space continues to thrive, with a total of nearly 7 million square feet currently in the building stages. If you’re looking for a modern location for your company, it’s worth checking into availability in these new buildings. With the city’s GDP ranking 10th in the U.S., the outlook is good for companies setting up shop in the area.
Although economic outlooks change over time, Atlanta has continued to show promise for several years running. Yearly predictions and quarterly outcomes provide valuable information to help you decide whether Atlanta is good fit for your company. Keep an eye on the area as you consider how to move forward with your business, and consider how the resources and talent available could help you reach your goals.
Interested in Working from a Coworking Space?
CEO Centers FLEX is a modern, collaborative workspace in Duluth, Georgia curated around a community of entrepreneurs and creative early-stage companies. We offer a variety of coworking spaces – from hot desks to private, executive offices – all at an affordable price.
Contact CEO Centers FLEX Today
If you are looking for a coworking space, contact CEO Centers FLEX. We offer several membership levels that all include high-speed internet, access to the kitchen and lounge with a free coffee and tea bar, use of our business center and concierge services. Contact us today to learn more about the FLEX community.