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Economic Development

Georgia Entrepreneur & Small Business Quick Facts
404.962.4820   /   This email address is being protected from spambots. You need JavaScript enabled to view it.
Revised 2/15/10

  • There are approx. 728,000 incorporated businesses in Georgia (SOS: 2/10)
  • 97.5% categorized as small by the Federal Gov’t. (< 500 employees) compared to 99.7% nationally
  • 95% employ fewer than 50
  • 87% of all of GA businesses employ 5 and under (AEO / US Census)

Georgia Rankings

  • GA ranks #1 in US for Entrepreneurship – up from #3 (Kauffman 5/09)
  • GA ranks #1in US for best workforce - #3 in cost of living, transportation and infrastructure network – Top 20 in cost of doing business, technology & innovation, business friendliness and access to capital (CNBC 8/09)
  • GA ranks #10 in US for states with a majority of women-owned firms (Center for Women’s Business Research 12/09)
  • GA ranks 8th best state in US to do business, up from #10 (Site Selection 11/09)
  • GA ranks #20 in US as having the best state tax systems (Small Business Survival Index 12/09)
  • GA winner of Silver Shovel award recognizing the state’s business-friendly policies (Area Development 6/09)
  • GA ranks 20th in US for Friendliest Policy Environment for Entrepreneurship (SBE Council 12/09)
  • GA ranks 19th in US for best Business Tax Index for Entrepreneurship & Small Business (SBE Council 4/09)
  • GA ranks 4th (from 7th in ’08) as best state for jobs and business growth (Chief Executive Jan/Feb ’09)
  • GA ranks in top 3 in US for number of franchisors (>100) headquartered in GA – (IFA 1/09)
  • Minority Business Enterprises (MBE) are the fastest growing business segment; Women Business Enterprises (WBE) are the second fastest growing segment  (GMBEC 2/10)
  • GA ranks #6 as Best State for Business (Forbes Magazine 9/09)
  • GA ranks #8 in Top 10 Pro-Business States (6 years running) (Pollina Corporate Real Estate ’09)
  • 18 GA companies made Inc. 500 list of nation’s fastest growing private businesses (Inc. 500 9/-09)
  • 13 Fortune 500 companies are home to GA (Hoover’s 2/10)
  • GA’s Stage 1 business growth rate is 2.8 times national average and 2.4 times national average for Stage 2 growing companies (Lowe Foundation 11/08)
  • Six GA women-owned companies made the list of the 50 fastest growing, women-owned companies in the U.S. (Entrepreneur.com 11/08)

Miscellaneous

  • From ’05-07: Stage 1 (1-9 empl.) establishments created 73.2% of job growth and Stage 2 (10-99 empl.) created 25.8% of job growth (Lowe Foundation ’09)
  • Second stage companies represent 10% of established businesses and 37% of jobs (EG 09)
  • Between ‘07 and ‘08, GA added the 4th most people and was the 9th fastest growing state in terms of its year-over-year   growth rate.” (US Census)
  • Half of the businesses started in ’08 were by minorities (FRBA ’08)
  • Small businesses comprise over 50% of the workforce (SOS 2/09)
  • Small firms with fewer than 20 employees created 80% of net new jobs from ’90-‘03 (SBA 3/08)
  • Small businesses in inner cities added nearly 3x the number of new jobs than larger companies in ’95-’02 (SBA 3/08)
  • Entrepreneurs responsible for 67% of inventions & 95% of radical innovations since WW II. (Public Forum Institute)
  • 14% of Inc. 500’s fastest growing companies in the U.S. started with less than $1000
  • The first 90 days of a business start up account for 14% of all hiring (WSJ 09)
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Dahlonega-Lumpkin County Chamber & Visitors Bureau  |  13 South Park Street  |  Dahlonega, GA 30533  |  (706) 864-3711 or (800) 231-5543