Businesses with headquarters in Georgia—including 16 Fortune 500 headquarters and 31 Fortune 1000 companies—can lower their cost of production, grow their skilled workforce, optimize access to the world’s top business markets, and improve their bottom line.
Companies with headquarters in Georgia are able to leverage the second lowest union membership rate in the country. They can also combine economical access to an advanced transportation and logistics infrastructure, quality lifestyle, low cost of living that leads the nation in attracting highly-educated 25-34 year olds, and a world-class R&D-driven university and technical college system. These benefits enable businesses to achieve competitive advantages in workforce, logistics and innovation, while focusing on the primary business of maximizing profits.
In addition, a “Single Factor Gross Receipts” apportionment tax formula treats a headquarters’ gross receipts—or sales in Georgia—as the only relevant factor in determining a company’s income subject to tax. Combined with a low corporate income tax rate of six percent, low unemployment insurance rate, and a low Franchise Tax maximum of $5,000 annually, companies with headquarters in Georgia can significantly lower their tax burden.