Metro Atlanta Economic Facts

On Thursday I attended the 2006 Real Estate Conference presented by the Georgia Society of CPAs. I learned some interesting facts about the Atlanta MSA and thought I’d share some with all of you…

  • Georgia has been the 4th fastest-growing state in the country in the last 10 years – growing twice as fast as the national average.
  • At the same time, metro Atlanta has been the 4th fastest-growing metropolitan area in the country- growing at over 2.5 times the national average rate.
  • Metro Atlanta adds 100,000 people per year (over 273 people per day) – 60% of whom move here (164 people move to metro Atlanta every day).
  • In 2005 Atlanta saw more than 70,000 new housing starts.
  • Last year Atlanta gained more than 69,000 new jobs.
  • Personal income growth continues to be higher than the national average.
  • Of the nearly 4,000 companies that located in Atlanta in 2005, roughly two-thirds were small and mid-size businesses.

These facts make it hard to read the “Letters to the Editor” segment of local newspapers, because every week there is someone new complaining about High Density Growth. I have stated my opinions on density growth several times in the past few months and just to remind everyone again… studies show density to be more desirable than sprawl. I think we can all agree that the people are coming, at a rate of 164 per day, we should be prepared to make better decisions on where to put them.

I encourage everyone to read this study published by the Urban Land Institute that was conducted by the National Multi Housing Council, the American Institute of Architects and the Sierra Club (America’s oldest, largest, and most influential grass-roots environmental organization). If you are a community leader or a concerned citizen, you should download the power point presentations posted here and share them with your community.

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