During the past five years the job market has left job-seekers with little hope; and while the numbers are not changing drastically there is some good news on the horizon for Atlanta job seekers.
The Georgia Department of Labor reported the unemployment rate for March 2013 as 8.4%; a decrease of .7 points from last year. This decrease may be attributed to companies expanding into the area, such as Marmoluna Tile, MLT Vacations, and ExactTarget, a leading marketing software firm.
Atlanta offers potential employers valuable resources, such as a large recruiting pool of technology talent, prime real estate space, low costs, and quality of life necessary to grow a successful business. According to the Atlanta Metro Chamber, Fortune 500’s 2012 List ranked Atlanta number three for cities with the most Fortune 500 headquarters.
These advantages are what draw companies, such as ExactTarget an email marketing provider to the metro Atlanta area. In a $95 million business venture the company acquired B2B marketing automation software provider Pardot located in Atlanta, Ga.
Urvaksh Karkaria, staff writer for the Atlanta Business Chronicle, reports the high supply of technology talent in Atlanta combined with vacant space in the Pardot Buckhead office is what drew the interest of ExactTarget. The email marketing provider’s decision to relocate its headquarters to Buckhead will bring more than 200 jobs to the area.
Marmoluna Tile, a Turkey based company, plans to invest $17 million over five years as it launches its new location in Atlanta in May 2013, according to Jacques Couret. Their initial startup employing 12 people will expand to an additional 20 employees at the close of 2013, with a total of 100 people in five years.
Another non-Atlanta based firm, MLT Vacations established in Minnesota, has relocated its headquarters to the Metro Atlanta area as part of an internal restructuring. The firm, which manages Delta Vacations transferred to Atlanta to be closer to Delta’s marketing department, bringing 100 new jobs to the area immediately, and more to come in the future.
With commercial real estate available at lower costs, technology talent availability, and quality of life in terms of diversity, restaurants, housing, attractions, and entertainment, growth intensive companies continue to expand into the Atlanta market. They create more jobs in their companies and stimulate business for existing companies in the Atlanta area. Watch out everyone, employment prospects are looking up for Atlanta job seekers.