A guide to help you understand the ins and outs of business in Georgia
Georgia is a state located in the Southeast, along Florida’s north border. Along with Florida, it shares borders with South Carolina, North Carolina, Tennessee, Alabama, as well as the Atlantic Ocean. Atlanta, the state’s largest city, is also its capital. Georgia is the 24th largest state and the 8th most populated. Georgia’s GDP for 2019 was $625,714,000,000.
Georgia’s top industries are aerospace, agribusiness, automotive, defense, energy, film and entertainment, food processing, life sciences, logistics, manufacturing, and technology. Over 30% of the top US food processing companies are located in Georgia, making up 20 million square feet of cold storage space. Georgia is also home to 200 automotive related facilities, which account for $3 billion. The aerospace industry produces the state’s most exports ($11 billion per year), and the state’s second largest manufacturing industry ($57.5 billion per year).
In 2019, Georgia imported $105,794,899 from Qatar. Its top imports are: aluminum, special classification provisions, fertilizers. In 2019, Georgia exported $407,443,840 to Qatar with its top exports being: aircraft, spacecraft, and parts, nuclear reactors, boilers, machinery, and miscellaneous chemical products.
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Georgia has a flat corporate income tax rate of 5.75%. The Peach State has three free trade zones located in Atlanta, Brunswick, and Savannah.