Turner established the headquarters of the Cable News Network at CNN Center, adjacent today to Centennial Olympic Park. Annexation was the central strategy for growth. Other films set in Atlanta include Little Darlings (1980), Sharky's Machine (1981), Outbreak (1995), Tyler Perry's Meet the Browns (2008), Life as We Know It (2010), Contagion (2011), and Baby Driver (2017). The US average is 4.6%. Atlanta has seen the job market increase by 2.9% over the last year. Future job growth over the next ten years is predicted to be 46.8%, which is higher than the US average of 33.5%. All told, my forecast calls for 65,100 new jobs in the state by year end.”. [50], List of companies headquartered in Metro Atlanta, 10th largest in the country and 18th in the world, Centers for Disease Control and Prevention, List of HGTV television shows set in Atlanta, Hartsfield-Jackson Atlanta International Airport, Learn how and when to remove this template message, North American Electric Reliability Corporation, "Cities with 5 or more FORTUNE 500 headquarters", "AeA ranks Atlanta 10th-largest U.S. cybercity", "Bureau of Labor Statistics, U.S. Dept. The city is a major cable television programming center. Expect an average of 196,000 new jobs per month in 2014, 186,000 per month in 2015 and 203,000 per month in 2016. The following is a list of the most notable companies that were founded or have their corporate headquarters in Atlanta or the surrounding metro area. Auto sales will average 15.5 million units in 2014, and increase slightly to 15.6 million units in 2015 and 15.7 million units in 2016. Reserve", "Wachovia to put headquarters of card subsidiary in Atlanta", "Top 10 High-Tech Companies to Work for in Atlanta", "Plans for the 2009 BIO International Convention in Atlanta, Georgia", "Supplier to build at Kia site in West Point", "SEC Info - Hyco International, Inc. - IPO: 'S-1' on 5/12/06". All this will ultimately impact financial markets back at home. In calendar year 2014 (January-December), growth will slow with the state adding 65,100 jobs, (14,800 premium jobs). Other headquarters for some major companies in Atlanta and around the metro area include Arby's, Chick-fil-A, Earthlink, Equifax, First Data, Foundation Financial Group, Gentiva Health Services, Georgia-Pacific, NCR, Oxford Industries, RaceTrac Petroleum, Southern Company, Mirant, and Waffle House. Over 75% of the Fortune 1000 companies have a presence in the Atlanta area, and the region hosts offices of about 1,250 multinational corporations. [19] Atlanta is a major center of television production and is the hub of the nation's third-largest film industry. Income will rise by a strong 5.3% rate in 2015 and an even better 5.6% in 2016. But while Atlanta's current job growth mirrored that of the 2002-2007 housing boom, "to say it's normal and robust would be wrong," according to AJC business reporter Michael Kannell. Expect this to moderate in 2014 as Atlanta will add 46,800 jobs, including 10,800 premium jobs. [15][16] Its Cox Communications division, headquartered in unincorporated DeKalb County,[17] is the third-largest cable television service provider in the United States. [3][needs update], The top employment sectors in Metro Atlanta are (November 2011, excludes agriculture):[4], Atlanta has a sizable financial sector. Among the differences: Extremely low interest rates and a disinflationary environment. Dhawan comments that, “This is no surprise, given millenials’ preference to live in town near their jobs,” a trend he anticipates will easily continue. “Vehicle sales cracked the 16-million mark, housing starts are still decent and home prices grew by double digits in 2013.” New home sales are rising, too, but sales of discretionary items remain flat. Dhawan’s concerns will be assuaged when “we witness consistent growth in all GDP categories, including exports, and that can happen only when our trading partners are back on their feet and our businesses are investing, which leads to sustained hiring.” As for the Fed, the forecaster says the nation’s central bank won’t move on interest rates until it has concrete evidence that business investment growth is here to stay. of Labor, Nov. 2011 preliminary figures", "Beers built marble monument for Fed. The US average is 7.3%. And beyond that? The Federal Reserve System has a district headquarters in Atlanta; the Federal Reserve Bank of Atlanta, which oversees much of the deep South, relocated from downtown to Midtown in 2001. Turner Broadcasting is a division of WarnerMedia. Multi-family housing permits in metro Atlanta also increased during 2012-2013; two-thirds of the permits originating in Fulton County. Rajeev Dhawan of the Economic Forecasting Center at Georgia State University’s J. Mack Robinson College of Business. The numbers put Atlanta’s growth well ahead of Washington, D.C., which has a larger overall population than Atlanta, too. In December 2013, Invesco reported assets under management (AUM) of $778.7 billion. Housing starts will average 0.953 million units in 2014, rise sharply to 1.223 million units in 2015, and increase further to 1.323 million units in 2016. The Atlanta economy is the 10th largest in the country and 18th in the world with an estimated 2014 GDP of over $324 billion. [13] Hyco International Inc, one of the world's largest manufacturers of hydraulic cylinders, is headquartered in Atlanta.[14]. US Census Bureau. Executives and policymakers want to know when rates will rise, as evidenced by the questioning of Federal Reserve chair Janet Yellen when she testified before the U.S. Congress Joint Economic Committee earlier in May. [7] Before being acquired by BB&T in 2019, SunTrust Banks, the seventh largest bank by asset holdings in the United States,[8] had its home office on Peachtree Street in downtown.[9]. [2] Several major national and international companies are headquartered in metro Atlanta, including seven Fortune 100 companies: The Coca-Cola Company, Home Depot, United Parcel Service, Delta Air Lines, AT&T Mobility, and Newell Rubbermaid. How exactly people calculate fullness, of course, is subjective, but there’s no question that Atlanta has plenty of room for growth. (See also: Film industry in Georgia) The Weather Channel, owned by a consortium of NBC Universal, Blackstone Group, and Bain Capital, has its offices in the Cumberland district northwest of downtown Atlanta. Government jobs were revised slightly upwards. Copyright © 2020, The Shumacher Group, Inc. Contact Steven Josovitz at 770-840-2121 or steven@shumacher.com, Previous Listing: Shumacher Sells 66-Acre Farm to “King of Pops”, Newer Listing: Shumacher Sells Mama Maria’s Italian Grill. As a result, we have spent a majority of 2019-2020 ensuring we can cover a substantial area for our clients. Employment will grow strongly in calendar year 2015, gaining 61,300 jobs (14,300 premium), and by 67,800 jobs (15,800 premium) in 2016. A new report ranks it the eighth fastest-growing large city in the country. “Buyers are moving into new homes with old furniture.”. Atlanta is one of ten U.S. cities classified as an "alpha-world city" by a 2010 study at Loughborough University,[1] and ranks fourth in the number of Fortune 500 companies headquartered within city boundaries, behind New York City, Houston, and Dallas. As of 2006 Atlanta Metropolitan Area ranks as the 10th largest cybercity (high-tech center) in the US, with 126,700 high-tech jobs. Ted Turner began the Turner Broadcasting System media empire in Atlanta, where he bought a UHF station that eventually became WTBS. Atlanta is the setting for popular TV shows such as the Real Housewives of Atlanta and Tyler Perry's series. In 1952, Atlanta annexed Buckhead as well as vast areas of what are now northwest, southwest, and south Atlanta, adding 82 square miles (210 km 2) and tripling its area. Unincorporated DeKalb County is also home to the Centers for Disease Control and Prevention (CDC). Cox Enterprises, Inc. “You might assume that we are back in the late 1990s when we looked to the future with great anticipation, but I see quite a few differences between now and then,” Dhawan writes in his Forecast of The Nation, released today. CDC has 10 other offices throughout the United States and Puerto Rico, and other staff in 45 countries around the world. It will drop further to 6.9% in 2014, 6.3% in 2015, fall below 6% to 5.7% in 2016. According to the Case–Shiller index, home prices in Atlanta increased 19.1% between March 2012 and March 2013. [26] Delta operates the world's largest airline hub at Hartsfield-Jackson Atlanta International Airport and, together with the hub of competing carrier Southwest Airlines, has helped make Hartsfield-Jackson the world's busiest airport, both in terms of passenger traffic and aircraft operations. Income … Investment will grow by 3.7% in 2014, 5.1% in 2015 and 6.5% in 2016. In 2008 Tyler Perry established his studios in Southwest Atlanta; and in 2010 EUE/Screen Gems opened soundstages in Lakewood Heights, south Atlanta. Atlanta counts the presence of Turner Studios, which produces content for the Turner Broadcasting family of stations; since 2008 the Tyler Perry Studios in Southwest Atlanta; and since 2010 the EUE/Screen Gems soundstages in Lakewood Heights, south Atlanta. Atlanta Says Bring It On", Software firm AirWatch announces 800 New Jobs in Atlanta, Zoning Ordinance of Atlanta, Georgia Sheet No. Furthermore, China’s continued stagnation is impacting its suppliers in the emerging markets. “2016 will mark a great year by the current recovery standard.”, Highlights from the Economic Forecasting Center’s National Report. For now. Shumacher Sells 66-Acre Farm to “King of Pops”, Shumacher Sells Mama Maria’s Italian Grill. [27], Source: Metro Atlanta Chamber of Commerce, 2016.[28]. Atlanta has a growing hi-tech community[10] The Atlanta economy is the 10th largest in the country and 18th in the world with an estimated 2014 GDP of over $324 billion. The March benchmarking process revised 2013 job growth downward by a miniscule 0.2%, to 83,200, including a 2% reduction in the corporate sector triggered in part by a slowdown in hiring due to global factors such as the Russia-Ukraine standoff and a stagnant Chinese economy. State unemployment averaged 8.2% in 2013. ATLANTA – Strong job growth, rising home prices and continued stock market appreciation point to economic health, but global tensions and lack of business spending are cause for concern, according to Rajeev Dhawan of the Economic Forecasting Center at Georgia State University’s J. Mack Robinson College of Business. Nominal personal income rose 2.7% in 2013 and will increase 3.3% in 2014. Cox Enterprises, a privately held company controlled by James C. Kennedy, his sister Blair Parry-Okeden and their aunt Anne Cox Chambers, has substantial media holdings in and beyond Atlanta; it is headquartered in the city of Sandy Springs. In 2015, growth picks up as Georgia adds 89,200 jobs (18,400 premium jobs). A sharp decline in export growth is also contributing to the forecaster’s tempered expectations. After a slow start to 2014 caused by January’s “snowpocalypse,” Georgia will add 20,000 jobs per quarter for the rest of the year, according to Rajeev Dhawan of the Economic Forecasting Center at Georgia State University’s J. Mack Robinson College of Business. The transportation sector encountered an even larger downward revision of 2.9%. That said, Dhawan asserts the news is not all bad. ...news and listings from The Shumacher Group.