Demographics and Data

Sources: ESRI, Dec. 10, 2015; U.S. Census Bureau, ACS Survey; 2014 Bureau of Economic Statistics

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INNOVATION CRESCENT MEDIAN AGE
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INNOVATION CRESCENT LAND AREA (SQ. MILES)
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FORTUNE 500 COMPANY HEADQUARTERS

Population

2015 INNOVATION CRESCENT POPULATION

4,078,959

2020 PROJECTED INNOVATION CRESCENT POPULATION

4,311,610

GEORGIA POPULATION

10.1 M

GEORGIA POPULATION LIVING IN THE CRESCENT

40.4%

GEORGIA’S CIVILIAN LABOR FORCE (AGES 16+)

62.4%

GEORGIA’S GDP PER CAPITA

$42,959

2015 Household Income

INNOVATION CRESCENT MEDIAN HOUSEHOLD INCOME

$54,239

INNOVATION CRESCENT AVERAGE HOUSEHOLD INCOME

$78,392

U.S. MEDIAN HOUSEHOLD INCOME

$53,217

U.S. AVERAGE HOUSEHOLD INCOME

$74,899

Educational Attainment

Innovation Crescent residents who have some college education, no degree – 20%
Innovation Crescent residents who hold Associate’s degrees – 8%
Innovation Crescent residents who hold Bachelor’s degrees – 24%
Innovation Crescent residents who hold graduate or professional degrees – 15%

MORE THAN 38% OF THE INNOVATION CRESCENT POPULATION AGES 25+ HOLD A BACHELOR’S DEGREE OR HIGHER.

MORE THAN 60,000 STUDENTS GRADUATE EACH YEAR FROM THE GEORGIA UNIVERSITY SYSTEM.

Tax Rates by Comparison

Sources: Applicable State Departments of Revenue, California State Board of Equalization, New York Department of Finance, Tax Foundation, New Jersey Department of Treasury, www.taxbrackets.org.

City or MSA Corporate Tax Rate Personal Income Tax Rate Sales Tax Rate
Boston 8% 5.1% 6.25%
Charlotte 6.9% 5.75% 7.25%
Innovation Crescent 6% 1-6% (based on income) 6-7% (based on county)
Minneapolis 9.8% 5.35-9.85% (based on income) 7%
New Jersey 9% 1.4-8.97% (based on income) 7%
New York 8.85% (based on net income only. Other variables may affect rate) 4-8.82% income over $65K. Variable for income below $65K. 4% plus city taxes. Total NYC rate is 8.875%)
Philadelphia 9.99% 3.07% 8%
San Diego 8.84% 1-12.3% (based on income) 8%
San Francisco 8.84% 1-12.3% (based on income) 8.75%

Transportation and Technology Infrastructure

BY LAND

Georgia’s six interstates connect to 80 percent of the U.S. population within a two-day truck drive. Georgia’s 5,000 miles of rail is the most extensive rail system in the Southeast featuring the largest intermodal hub.

BY SEA

The Georgia Ports Authority (GPA) facilitates global trade through deepwater ports in Savannah and Brunswick, located approximately three hours from the Innovation Crescent. It also conducts inland operations in Bainbridge and Columbus. The Port of Savannah is the fourth largest and fast growing U.S. container port.

BY AIR

Atlanta’s Hartsfield-Jackson International Airport is the busiest and most efficient in the world. No other airport offers more scheduled flights than Atlanta’s, with direct flights to 75 international destinations in 50 countries. The airport provides access to 80 percent of the U.S. market within a two-hour flight.

BY ELECTRONIC COMMUNICATION

Businesses and individuals in Georgia and the Innovation Crescent enjoy connectivity through 500,000 fiber-optic lines, including the country’s two largest fiber-optic trunk routes intersecting in the Innovation Crescent.