Cost of Doing Business

Ranked Nationally for Sucess

The Augusta-Richmond County, GA-SC MSA has been ranked #85 in the nation by Forbes Magazine for Cost of Doing Business, and #161 on Forbes’ list of Best Places for Business and Careers.

Large image - desktop Large image - mobile

The Augusta Region’s Advantages


  • Tier One Job Tax Credits of $3,500 each year per new job created for five years
  • Low state corporate tax rate – flat 6%
  • Low state and local tax burden, below the national average
  • Low-cost utilities
  • Low union representation in manufacturing – only 2.7% state-wide
  • Competitive wage rates
  • Low real estate costs

Wage Rates & Unionization

State Avg. Hourly $ Unionization % Avg. Hourly $ Unionization %
Georgia $14.74 2.7% Illinois $16.67 10.6%
Arkansas $14.91 4.9% Mississippi $16.76 11.1%
Tennessee $15.40 6.9% South Carolina $16.83 1.4%
Alabama $16.03 7.7% Wisconsin $16.97 12.2%
Iowa $16.25 13.8% Minnesota $17.02 8.4%
Indiana $16.36 15.7% Ohio $17.02 14.7%
Missouri $16.38 15.6% Michigan $17.16 18.0%
Kentucky $16.63 13.6% Louisiana $19.01 10.5%
Source: Georgia Power Community & Economic Development, 2016