Background Image
Previous Page  10 / 12 Next Page
Show Menu
Previous Page 10 / 12 Next Page
Page Background

Technology is poised to lead

Georgia out of the recession.

Georgia is home

to more than 250,000

technologists and 13,000

technology companies

(both producers of

technology and tech-enabled

businesses). Fourteen

Fortune 500 companies are

headquartered in our state,

including recent technology

wins NCR and First Data.

And we were recently ranked

by the Kaufman Foundation as

the top state in the nation for new

businesses (tied for first with Nevada).

Even during the depths of the recession,

Georgia’s technology industry remained

fairly stable and even grew in some

segments, including internet, multimedia

and telecommunications; this as many other

industries, and even the national technology

economy, experienced nominal growth and


A quick examination of the tech

market in shows it is quickly picking

up steam. In TAG’s 2010 Technology

Decision-Maker’s Survey (conducted

with partners CMS Research and Internet

Decisions), 70-percent of the more than

120 respondents declared plans to expand

their workforce in the next year. And, by the

end of 2010, technology companies here

announced plans for more than one-billion

dollars in investment in the state—which is

anticipated to generate at least 5,000 jobs.

Technologists are in hot demand.

Every month, TAG and partner SkillProof

track the number of open technology jobs

in the state. In April, there were a record

5,050 technology jobs open (up more than

2,000 jobs from the same time last year).

Positions topping the list

were systems engineers,

software developers and IT


The state is taking


Science and technology

have not historically

been priorities for state

lawmakers, but—especially

with the stream of recent

announcements of

technology companies

expanding or moving to

Georgia—they are starting

to take notice. Recently,

TAG worked with Georgia legislators, Sen.

Barry Loudermilk and Rep. Doug Holt,

among others, to pass Senate Resolution

68 to establish a commission to conduct

extensive interviews with technology

stakeholders around the state and gather

data that will ultimately lead to the creation

of a strategic plan for science and technology.

This would be the first ever plan of this type

for our state, and is an excellent example of

Gov. Deal and state lawmaker’s commitment

to the industry and job creation.

And young companies received a shot in

the arm from legislators in the spring of 2010

with the passage of the Angel Tax Credit.

Even with such a strong entrepreneurial

community, Georgia has been challenged to

keep young companies here. The tax credit is

designed to provide motivation for early-

stage investors in Georgia to support local

start-ups and give them the resources needed

to grow and thrive in our state.

The combination of technology industry

growth and increasing support from

lawmakers will have significant impact on

both Georgia’s technology developers—and

the companies who rely on technology to

help their businesses run.

Industry clusters are taking hold.

Georgia’s growing technology prowess

is strongly tied to particular industries that

are expanding at a faster rate than others,

including health IT, financial technology,

information security, IT communication

and logistics. These are the clusters where

Georgia leads.

Numerous studies have shown that

strong industry clusters lead to further

growth for a community because they create

increased competition, a more robust talent

pool and support the growth of related

industries. Combined, our top clusters

bring in more than 80-billion dollars in

revenue each year. And software and IT

communications companies alone supply

state with more than 70-thousand jobs—or

one-third of the high-tech jobs in our state.

Several other industries in Georgia

are picking up steam as well, including

SmartGrid, entertainment and interactive

marketing. A number of these areas,

particularly in gaming and interactive

marketing, thrive on innovation driven by

the educated, young adults that flock to

Atlanta. Georgia is home to more than 60

video game developers and development

companies—resulting in more than

1,600 employees around the state in this

space. And we’ve become a hub for many

nationally-recognized interactive marketing

firms like SilverPop and Definition6.

From high-tech to tech-enabled, the

expansion of these industry clusters will lead

to new opportunities for Georgia and help

fuel our economy.

Don’t keep the secret.

Even with our incredible businesses,

expanding industries and important assets

(including one of the most sophisticated

Technology: Georgia’s Secret Economic Weapon

Tino Mantella , President & CEO, Technology Association of Georgia