Economic Development Update

Georgia Legislative Black Caucus  What the Augusta Economic Development Authority does…  Incentives…financial and human relations  A big part? Health Care and Wellness  Important for potential employers

Some words about wellness…  One of the reasons for the growth of healthcare costs to employers is the rise in obesity-related illnesses brought about by lack of physical activity  Another is the effect of an aging workforce and the associated increase in chronic health conditions driving higher health care utilization.

In 2000 the health costs of overweight and obesity in the US were estimated at $117 billion. Each year obesity contributes to an estimated 112,000 preventable deaths. Continued…

 Being overweight increases yearly per person health care costs by $125, while obesity increases costs by $395.  A survey of NC Department HHS found that approximately 70 cents of every healthcare dollar was spent to treat employees who had one or more chronic conditions, two thirds of which can be attributed to three major lifestyle risk factors: physical inactivity, poor diet, and tobacco use Even more….

 Respond to our prospects requirements for utilities, incentives, location, transportation, and more importantly…a good workforce  That includes a healthy workforce. Our goal?

New investments in Augusta Electrolux

 Announced investment since 2009: $832,000,000  Planned - $112,000,000 New and Expanded Projects

 Announced jobs since 2009: 3272 new jobs  Planned: 415 new jobs New Jobs Created

New investments in Augusta Electrolux

 Augusta Economic Development Authority  Augusta-Richmond County GIS, Administrator, Planning & Development  Augusta Regional Airport  Augusta Technical College  Augusta Utilities  AGL Resources  AT&T  CSX Railroad  Georgia Department of Economic Development  Georgia Department of Labor  Georgia Department of Transportation  Georgia Power  Georgia QuickStart  Georgia Regents University  Jefferson Energy  Norfolk Southern Railroad  Paine College Rapid Response Team

 Three and Five Year Plan  New speculative industrial buildings  New access road into the Augusta Corporate Park  Focus on Existing Industry  New Project Manager to focus on Life Sciences  Opportunity Zone for South Augusta  “Get Away From the Name CSRA”  Encourage media, local government and nonprofits On the Agenda

Augusta Economic Development Authority Suite 560, 1450 Greene Street, Historic Enterprise Mill Augusta, Georgia Website: ©2010 Development Authority of Richmond County