GEORGIA ECONOMIC DEVELOPMENT TRENDS NEW & NEXT AROUND THE STATE

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1 GEORGIA ECONOMIC DEVELOPMENT TRENDS NEW & NEXT AROUND THE STATE

2 Tom Croteau Georgia Department of Economic Development Brian Kastick PortFresh Logistics Steve Grable Jones, Lang, LaSalle Bert Brantley Georgia Department of Economic Development

3 LOGISTICS SUMMIT April 9, 2018

4 Distribution, E-commerce & inland ports: GDEcD GDEcD Logistics and Distribution projects were up 39% from FY16 to FY17 FY17 50 projects, $1.17B investment, 7,137 jobs created FY18 to date 45 projects, $600M investment, 4,857 jobs created Recent Locations: ASOS Union City, Fulton County Tory Burch McDonough, Henry County Safavieh Savannah, Chatham County Variety Wholesalers Newnan, Coweta County

5 Distribution, E-commerce & inland ports: Georgia Ports AUthority $128 million Mega-Rail Project Will allow the GPA to better handle unit trains Will position Savannah to rapidly increase service to inland markets, from Atlanta to Memphis, St. Louis, Chicago and the Ohio Valley Completion is expected at the end of 2020 The Appalachian Regional Port Inland rail yard in Chatsworth, Ga Expected completion in fall of 2018 Will cut Atlanta truck traffic by 50,000 trips per year, and expand GPA s reach into Tennessee, Northeast Alabama and Kentucky

6 Data Centers, Software & innovation: Atlanta and peeking out Facebook recently announced the location of a new data center in the Stanton Springs Park. The company will invest $750M in the project. Data centers have created nearly $2 billion investment since Software and Technology companies have created $121M investment and over 3,500 jobs in FY18 to date. New Data Center legislation in 2018

7 Cyber security: Augusta s Hull McKnight Georgia Cyber Innovation and Training Center Governor Deal announced in January, construction to be completed in Summer 2018 Comprised of two buildings with a total of 332,000 square feet and budgeted at more than $100 million, it is the single largest investment in a cybersecurity facility by a state government to date Augusta s civilian cyber workforce estimated to reach 2,880 - including military, that number will be over 12,000 Average annual salary for these cyber security positions is approximately $77,000

8 International projects: Tariff-driven Projects Auto, White Goods, Solar, etc. General Investment Hesitation U.S. Economy Risk/Reward Riddle 59% of locations, 71% of jobs created and 50% of investment comes from companies based in European countries FDI projects make up approximately 20-25% of total locations, jobs and investment For FY18 to date, international companies have generated 70 locations 5,146 jobs $1.5 billion investment

9 Sites & Buildings: Product development Industrial Parks Lakes at Green Valley Spalding County Highland 75 Industrial Park Bartow County Repurposing Buildings Springs Hart County Fruit of the Loom Rabun County CAT Thomas County Megasites Heart of Georgia Laurens County East Atlanta Walton County GRAD Program The Lakes at Green Valley

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12 Our integrated services Supply Chain Decisions Analyze network strategy, inventory optimization and transportation Logistics outsourcing evaluation Facility design and planning Location selection ilocate / Orion Blackbird Workforce analysis and interviews Real estate due diligence Project profiling Feasibility assessment Analysis and modeling Negotiations Application and documentation Monitor and tracking Procurement of proposals Proposal analysis Negotiate proposal terms Contract documentation Lease vs. buy analysis Accounting, tax and finance expertise Debt and equity financing Build-to-suit financing Building modification planning Budget and schedule preparation Site / building due diligence Design and construction management Value engineering Sustainable strategies Baseline and benchmark portfolio performance Portfolio-wide Energy/Sustainability Management programs

13 Our clients face many challenges today. Economic uncertainty, volatile fuel costs, increasing customer service requirements and global complexities, all play a critical role in your real estate decisions. That s why, at JLL, we make it our job to understand your entire business not just your real estate needs to save you time, reduce costs and mitigate risk. Supply Chain & logistics solutions

14 GEORGIA ECONOMIC DEVELOPMENT TRENDS NEW & NEXT AROUND THE STATE