Annual Economic Development Report

Annual Economic Development Report

The Gainesville-Hall County Economic Development Council (EDC) and the Greater Hall Chamber of Commerce report that new and expanded business developments for 2007-2008 included 41 new and expanded industries creating nearly 1,500 new jobs and investing $333 million in new capital investment projects. The EDC surpassed its goal for investment for $200 million for the same period. Capital investment for new and expanded firms has steadily grown over a five year period. The EDC’s fiscal year 2008, ending on June 30, included project investments from 16 firms totaling $187 million, the best single year investment recorded in the history of the Economic Development Council.

Investments were from Wrigley, ElringKlinger (Sevex), Stork, TRW, Fieldale Farms, and Atex, to name a few. Prospects for the EDC’s new fiscal year 2009 remain upbeat and began with announcement that ZF Industries will construct a new automatic transmission plant in Gainesville to employ 150 and include $41 million in capital improvements/additions. Construction will begin in the first quarter of 2009 in Gainesville Industrial Park West.

Among the 41 firms that contributed new capital investments and job creation in 2007-2008 were 25 existing industry expansions and 16 firms new to the Gainesville-Hall County MSA.

To date, the outlook for recruitment and existing industry activity remain positive for Gainesville-Hall County. The EDC is currently managing between 40 and 50 active retail, commercial and industrial development projects.

2007-2008 Accomplishments

• Development of the new Gainesville Business Park

• Expanded the life sciences initiative prescribed in VISION 2030

• Hired a professional manager to carry out the Retail Development Initiative

• Coordinated the Human Resource Council and Industry Roundtable programs

• Encouraged and promoted Urban Redevelopment – TAD

• Implemented a Project Control Tracking System

• Expanded Drugs Don’t Work program to reduce employer insurance premiums

• Coordinated Regional Commercial Broker gatherings

• Hosted an Economic Development Tour for Statewide Economic Developers

• Coordinated programs of the Small Business Council

• Continued Statewide Developer and Commercial Broker Mailings

• Enhanced partnerships with developers to encourage new industrial, office and

retail parks/developments

• Continued support for the VISION 2030 objectives

For more on the Gainesville-Hall County Economic Development Council, contact Tim Evans, 770-532-6206. Email: