12:15 pm October 5, 2009, by Henry Unger
Ken Stewart, commissioner of Georgia’s Economic Development Department, hopes to add to the half-dozen Chinese companies that have located here.
“I’m very excited about China,” said Stewart, who recently returned from a 10-day trip there to promote Georgia. “They are growing at about an 8 percent rate. … We hope they look to Georgia to put capital and hire people.”
During an interview Monday, Stewart said he traveled to five cities, including Beijing, Shanghai and Hong Kong, to host “Invest in Georgia” seminars. Attendance among the business and government officials varied from about 25 to 125, he said.
“It’s incumbent upon us to prove the value concept to them,” he said, citing the state’s ports, transportation infrastructure, labor force and the supply-chain expertise of some companies here.
He acknowledged that other states are making similar trips.
At least six Chinese companies have announced locations in Georgia in the past three years, creating at least 700 jobs and $60 million in investment, the department said. They include:
Georgia has three employees in Beijing working for Stewart’s department.
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One comment Add your comment
JTK
October 6th, 2009
12:53 am
Most of those manufacturing investments have not begun producing yet. All have been fraught with problems at the outset, ranging from economic difficulty to FBI investigations. The job figures are also deceiving. Most of those cited by the department represent a maximum number of jobs that will be realized only when the company reaches full capacity. Any frank assessment of the impact of Chinese companies in Georgia would look more at individual entrepreneurs running small travel companies, translation firms and restaurants, not the big, sexy factory announcements that make quick headlines but have a long gestation period before bearing real fruit.