Business Booming in Roswell

By February 25, 2016Business News, News

City at highest retail and office occupancy rate in four years

Relocations and new openings fuel job growth in the City of Roswell

ROSWELL, Ga. (Feb. 17, 2016) – Roswell is starting 2016 with news that the North Fulton city achieved the highest commercial occupancy rate in four years, coming in at 90 percent in 2015. This welcome news, along with other positive economic indicators, were announced by Mayor Jere Wood and Roswell Inc Executive Director Steve Stroud earlier this month at the city’s annual Mayor of Roswell State of the City address and luncheon.

“Employers across various sectors – from technology to hospitality – are increasingly choosing Roswell,” said Stroud. “Our city offers the convenience and quality of life that is attractive to job creators and employees alike, which makes us a natural fit for many companies. All of the relocations and new openings that have taken place during the past five years in Roswell are paying dividends and boosting business.”

Roswell Attracts Corporate Relocations

Some of the new corporate citizens taking up residence in the city of Roswell that were recognized at the luncheon include:

  • Courion Corporation (relocated from Boston – 80 jobs)
  • Crum & Forster (relocated from Perimeter Center – 70 jobs)
  • GM (expansion of Technology Innovation Center – 1,400 jobs)
  • Hunter’s Specialties (relocated from Cedar Rapids, Iowa – 33 jobs)
  • John Deere Headquarters (relocated to combine regional operations – 124 jobs)
  • Talent Served (relocated from Marietta, Ga. – 12 jobs)

Lowest Unemployment Rate in Five Years

In addition to corporate relocations and expansions, the City of Roswell is seeing an increase in new business openings – the city celebrated 76 ribbon cuttings, with 518 new business licenses issued in 2015. Job numbers for 2015 in the City of Roswell were strong, with 1,945 total new jobs generated last year. Of jobs created, 547 are in Roswell’s Opportunity Zone – the largest zone of its kind in the state, running from Atlanta Street through the Holcomb Bridge Corridor, with 202 participating companies taking advantage of tax credits and incentives for new hires. Roswell’s overall unemployment rate came in at 3.9 percent in 2015, well below the state’s rate of 5.5 percent.

Restaurant, Tourism and Hospitality Business Booming

Restaurant and hospitality sectors saw huge gains in Roswell over the past year, with 33 new restaurants creating 450 new jobs. The restaurant industry in Roswell serves up 3,964 jobs overall, according to data from Applied Geographic Solutions. The city’s continued business and culinary appeal attracted more than $100 million in tourism-related spending last year, 30 percent of which was spent in food and beverage establishments. Just last month, Roswell Restaurant Week, presented by Roswell Inc, attracted a record number of online visitors and was the most geographically expansive Roswell Restaurant Week to date.

“As more and more businesses open their doors in Roswell, our team at Roswell Inc will continue to support, connect and educate business owners,” said Stroud. “Our organization has over 25 events already planned thus far for 2016 – we are more committed than ever to make the City of Roswell the ideal place to do business.”

To learn more about Roswell Inc, visit www.RoswellInc.org.

ABOUT ROSWELL INC

Roswell Inc promotes economic development and a strong business community through a public-private partnership with the City of Roswell, Georgia.

 

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