Georgia Economy to Recover… but slowly

October 19, 2009 by Dustin
Filed under: Uncategorized 

A recent article I read in the AJC indicates that Georgia’s economy will recover, but it may be slower. Part of the reason is due to the housing market, which is part of what made Georgia’s economy so great in the last decade:

Home building put metro Atlanta on the map for most of the last decade. Between 1998 and 2005, the region was the No. 1 housing market in the country. That led to staggering growth. Housing was the sun and all other industries — carpet, retail, shipping — orbited around it.

There have also been 24 regional banks in Georgia that have failed. However, there are some signs of improvement that the article notes:

• Mohawk Industries 400 jobs added in September 2009

• NCR Corp. 2,120 jobs added in December 2009

• Kellogg’s 300 jobs added in December 2009

• Mitsubishi Power Systems 500 jobs added in March 2010

• Corrections Corp. of America 300 jobs added in September 2010

• Kia Motors 1,200 jobs added in December 2010

• First Data Corp. 1,000 jobs added in 2012

• College Football Hall of Fame 100 jobs added in September 2012

• Cancer Treatment Centers 500 jobs added in 2014

Keep your fingers crossed, and more importantly, BUY LOCAL!!! Keep money from Georgia in Georgia!

Share and Enjoy:
  • Facebook
  • Twitter
  • Twitthis
  • Print
  • Digg
  • Sphinn
  • del.icio.us
  • Mixx
  • Google Bookmarks
  • email
  • Reddit

Tags: ,

Comments

Tell me what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!