General Electric and Atlanta Have Opportunity for Mutually Beneficial Relationship as GE Looks to Relocate

General Electric Corporation is in the process of relocating their global headquarters, currently located in Fairfield, Connecticut, and many view Atlanta as the early favorite. Although the company is not planning to name a location until the end of the year, GE officials will be touring the state of Georgia this October, in hopes of narrowing in on a suitable location to house the approximately 800 employees who work in the corporate office. The apparent reason for relocation stems from Connecticut’s hefty corporate tax rates and, according to CEO Jeffrey Immelt, a desire to benefit from a state with a “more pro-business environment.” 

While GE has received inquiries from several cities from multiple states, Atlanta has several advantages. In terms of the corporate taxes that influenced GE to actively search for a new home, Georgia is much lower than many other states, with a flat rate of 6% and the possibility for further downward adjustments. In addition, many of these low-business tax states are offering training programs for the local labor force, which point to an emphasis on job growth and economic development. GE, being a global company, must also feel positively about Hartsfield-Jackson International Airport having more non-stop flights than any other airport in the nation.  

The state of Georgia and its real estate developers have been exceptionally proactive in their fight to reel in a Fortune 500 company such as GE. Specifically, the Integral Group LLC and their leasing representative Cushman & Wakefield have created outlines that describe how GE’s headquarter could occupy their mixed-used project called Assembly, which was formerly the General Motors plant in Doraville, Georgia. Another layout for a potential GE office came from Tishman Speyer regarding their Three Alliance Center tower in Buckhead. Both of these spaces will surely be discussed during GE’s visit to Georgia this October. 

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Virginia MacKoul

Virginia is a graduate from the University of Florida's College of Design Construction and Planning with a degree in Sustainability and the Built Environment, and a minor in Urban Regional Planning. Virginia joined the Front Street team in 2011, as an intern. Upon graduation, Virginia joined the Front Street team full-time as the Director of Client Services. Ms. MacKoul’s addition furthers Front Street’s continued growth and expansion within Gainesville and other North Central Florida markets. She was promoted to Director of Marketing in 2014 and now manages the firm’s team of interns and oversees all marketing and branding activity. Virginia was born in Boston and moved to Lee County, Florida in 1997. Virginia graduated her high school's International Baccalaureate program and started at the University of Florida with a focus on Architecture. Virginia shares Front Street's passion of giving back to the community and those in need. Virginia's hobbies include photography, cooking, football, movies, music, and spending time with her dog, Brinkley.

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