Global & domestic access - kosano.org.tr

Global & domestic access - kosano.org.tr

An Overview of Economic Incentives in the United States Kocaeli 9 February, 2015 John Woodward Senior Director, Foreign Investment Metro Atlanta Chamber Atlanta, GA, USA Federal / State / Local

Statutory / Discretionary Industry specific Geographic specific Macro State Often Tax Credits Jobs-based Infrastructure (local collaboration) Workforce Training, e.g., Georgia Quick Start Targeted Industries, e.g., Georgia Film production,

also included, digital media, interactive entertainment, etc State assets e.g., Georgia ports R&D Local Real estate tax abatements Personal property / machinery & equipment Sales tax, e.g., construction, machinery Grants, Loans Industrial Development Authority Industrial Revenue Bonds

Public Utilities Permitting (Money & Time) Macro Incentives initial, up front, maybe 3, 5, 10 years if lucky Best economic incentive is selection of appropriate location Chosen and managed correctly, these are incentives: Expenses - Operating & Capital

Labor Costs Real Estate Taxes Regulations Workforce Skilled, educated Right-to-Work Access to Market Customers Suppliers Universities Quality of Life

And other Intangibles Demographics, Economic Indicators, Transportation Cost of Business, Cost of Living Cost of Living Index 240.0 220.4 220.0

200.0 180.0 161.6 160.0 139.7 140.0

120.0 100.0 95.3 95.9 104.2 107.6

140.1 115.3 U.S. Average: 100 80.0 Source: C2ER/ACCRA Cost of Living Index, 2013 Strategic Location

Most of the U.S. population lives in the eastern third of the country More than 80% of U.S. consumers can be reached from Atlanta in two flight hours or two truckload delivery days Atlanta GL O BA L &

D O M ES TI C AC CE SS Georgia ranked as Top U.S. State for Business all in 2014

Atlanta FORTUNE 500 FORTUNE 1000 Sources: FORTUNE magazine, June 2, 2014 TURKISH PRESENCE IN ATLANTA Turkish Society of

Georgia Tech Incentives cannot make a bad site good. Joseph Folz General Counsel Porsche Cars North America In fact, incentives, when you look at the whole picture, it's just a small piece. We're making a 50-year decision, and a pile of incentives in Year One, Two or Three over a 50-year decision doesn't make a gigantic impact. Steve Cannon

CEO Mercedes-Benz USA Guidance/Assistance with:

Business Incentives & Taxes Land Site & Building/Space Search Customized Market Research Talent Availability, Quality & Cost Access to Business & Academic Leadership Facilitation with Regulatory Authorities Relocation Assistance Global Business Expansion

Gratis and Confidential John Woodward Senior Director, Foreign Investment Metro Atlanta Chamber 235 Andrew Young International Blvd, NW Atlanta, GA 30303 USA +1.404.586.8447 [email protected]

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