Georgia Ranked High for Business

By Kate Gaier
5:15 pm - August 25, 2006

Now open for business, there's more and more of the signs popping up in the Peach State, and recent findings by seem to agree with what some residents already know.

Nan Myers, a Thomasville business owner, said, "I know personally our store has had a record year and I don't know what to attribute that to, but I know it's been our best year ever."

Record sales alone are not what got Georgia ranked number ten. Six categories were considered when choosing the best state to do business: the cost of doing business, labor, growth prospects, quality of life, economic climate, and regulatory environment.

Mickie Ivey, a Thomasville retailer, said, "If you're running a business then you would definitely consider this because it is less expensive than other places."

With a population of more than nine million residents, in 2005 Georgia pulled in a gross state product of $345 billion. In Thomasville, many retailers agree that business is good.

Myers added, "Summer is usually our slowest time, and it hasn't been the case. It's definitely been a record summer."

Record summer or not, 40 other states have a lot to live up to when it comes to getting down to business. Florida ranks ninth among the "Best States for Business", pulling in $616 billion in gross state product.