Georgia's Economy Poised for Modest Growth in 2025, Innovation and Clean Technology Drive Economic Momentum


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Dec 11 2024 2 mins  
Georgia is bracing for a slowdown in economic growth in 2025, according to University of Georgia economists. The state's economy is projected to expand by 2.4% next year, down from 3.1% this year, as reported by Georgia Trend Daily[1]. Despite this, Georgia is expected to fare better than the nation as a whole.

In business news, American International Group Inc. (AIG) is establishing an innovation hub in DeKalb County, which will create over 600 new positions over the next five years[1]. Additionally, Hyundai has launched 21 heavy-duty hydrogen fuel-cell electric trucks in Georgia, marking a significant step towards cleaner transportation[1].

On the legislative front, the Georgia Budget and Policy Institute has updated its bill tracking, indicating that the legislative session has passed Sine Die, and the Governor's deadline to sign or veto bills has been met[2]. However, there are no recent updates on specific policy changes.

In environmental news, Georgia Conservation Voters has released its 2024 scorecard, highlighting the voting records of state legislators on critical environmental and climate issues[4]. The scorecard emphasizes the need for state and local leaders to protect Georgia's lands, air, and water.

In local government decisions, Chatham County commissioners have tabled a controversial "urban camping" ordinance that opponents argue would criminalize homelessness[1].

Looking Ahead:
- The 2025 Georgia Economic Outlook presentation has set the stage for discussions on the state's economic future.
- The establishment of AIG's innovation hub and Hyundai's hydrogen fuel-cell electric trucks are expected to have long-term impacts on Georgia's economy and environment.
- The Georgia Conservation Voters' scorecard will continue to hold legislators accountable for their environmental actions, shaping future policy decisions.