Forsyth continues on top for Local Investment

Forsyth County has been named the top county in state by SmartAsset for incoming investment. The latter is a financial technology company. The results were from its second yearly study. The study examined the largest total tranche of investments in local economies. The county had acquired the same distinction in 2015 as well.

Forsyth County was also ranked at the top in state when it came to issuance of building permits. In 2015, the statistic was 39.1 for every 1,000 homes. It is now 52.1 for every 1,000 homes in 2016.

Bigger picture

County rankings across the United States were ranked as per the growth of business and their establishment. Other factors include domestic product growth, municipal bond investment and permit for construction of new buildings. In the national level, Forsyth’s rankings, however, dipped. It went from number seven in 2015 to ninth ranking in 2016. Even then, there has been notable development in the county. Business in Forsyth County spurted in excess of eight percent over the previous 365 days. It was 6.6 percent in 2015 and about 14.7 percent in 2016.

According to James McCoy, the CEO and president of Cumming-Forsyth County Chamber of Commerce, the rapid economic growth in the county is due to the initiatives the Chamber has pursued over a number of years. He specifically cited the county’s “Business First” strategy. The said strategy examines the important areas where the county must focus and the areas where it should improve the economy so that larger investments would come in. McCoy further elaborated when he said that there were a number of initiatives and number one among them is the issue of advanced manufacturing space and fully occupied offices. During a public hearing at the planning commission, he said that the county enjoys 98 percent occupancy in the region of industrial and also office space.

Success

It is apparent that the initiatives brought by the Chamber have been a success. According to McCoy, four brand new buildings were approved, adding almost one million square feet of total commercial space. More buildings are slated to be constructed.

Forsyth Country County continues to trail behind Chatham, Gwinett, Cobb and DeKalb counties. As McCoy pointed out, these counties are much bigger than Forsyth. He said that Gwinnett is quadruple Forsyth’s size and DeKalb a minimum of six times. In this context, Forsyth County can be ranked among the top three in the United States.

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