The economy in Gainesville-Hall County continues to improve, reports show, including new and expanded industries that have generated millions of dollars in capital investment for the area this year.
According to the Greater Hall County Chamber of Commerce, in 2012, 24 new and expanded industries created more than 1,200 jobs and generated $164 million in capital investment.
“I feel positive about it, particularly on the industrial side,” said Kit Dunlap, chamber president and CEO.
“There are several existing businesses that are hiring and doing expansions and then there are the new businesses that have relocated, as well as a couple on the horizon.”
Since 2010, Hall County has seen more than 2,600 jobs created and $485 million generated in capital investment from 62 new and expanded industries.
“You see more positive signs than the last couple of years,” said Dunlap. “Every year it’s improved some.”
Dunlap also said the health care industry continues to grow as well as the retail climate. The diversity of the county’s economic base, she said, is one of the reasons the chamber is seeing steady growth.
“I feel good about it,” said Dunlap. “Yes, it’s still slow in some areas, like homes, but we see a little glimmer in that, too. I think with the diverse economy of Hall County we’re in pretty good shape.”
According to the 2012 economic development report, the average residential home purchase price in 2011 was $131,150 and the county’s population has increased 29 percent from 2000 to 2010.
“I really feel good,” said Dunlap. “And of course the health care continues to expand.”
More than 150,000 square feet of new medical space has also been added in Gainesville and Hall County in the last year and the Northeast Georgia Health System is planning on investing more than $200 million in the next five years on improving services.
Next year, construction will begin on the 700,000-square-foot New Holland Market Retail and Commercial Complex on Jesse Jewell Parkway at the intersection of Limestone Parkway, and the retail industry on Ga. 53 continues to grow.
“I think there’s a lot of positive things happening,” Dunlap said. “We think that Gainesville and Hall County is a good place for business.”
For the complete report, visit the website.