International companies that worked with the Georgia Department of Economic Development announced 46 investment projects worth $379 million during fiscal year 2011, which ended June 30.
Foreign projects accounted for 1,500 projected jobs, representing 6.8 percent of the 22,022 new jobs announced by all companies the state’s sales and marketing arm helped throughout the year, according to a news release.
The department worked on deals valued at $4.39 billion, up 17 percent from the previous fiscal year.
Its Global Commerce Division attracted a total of 360 projects, a 6.5 percent increase from 338 the year before. About two-thirds of those were related to existing companies.
Gulfstream Aerospace Corp. in November 2010 announced a $500 million expansion in Savannah that will create 1,000 jobs over seven years, making it the biggest project for the year by jobs announced.
Georgia was recently ranked No. 2 in the U.S. behind Texas as a site-selection location by Area Development magazine. The state ranked first in labor availability and workforce development programs.
Visit www.georgia.org for more information.
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