Innovation Increases Profitability in Georgia

These days, just about every manufacturer is facing some kind of economic challenge. From cancelled products to reduced spending to legislative changes that will affect their bottom line, Georgia businesses are working hard to retain their market share.  Not surprising, the manufacturing industry is one of the sectors hit hardest by the recession. So how are manufacturers that have operations in Georgia fairing in light of the recession? Relatively speaking, the manufacturing economy in Georgia is doing as well the rest of the nation and in some cases better than comparable states. To gauge the recessionary activity of the state’s manufacturers, the recent 2010 Georgia Manufacturing Survey looked at how manufacturers in the state are responding to the economic downturn. Conducted by Georgia Tech, KSU, and the accounting firm, Habif, Arogeti & Wynne, the survey included almost 500 regional, national and global manufacturers that have operations in Georgia.