MCDONOUGH — Henry County has seen $283.5 million in new economic development investments, creating 2,100 new jobs, in the third quarter of the year, according to the Henry County Development Authority. The investment is the result of project announcements from The Home Depot, Purple Innovations and Zinus, among others.
Over the past five years Henry County has seen some of its greatest numbers of jobs, investments and projects on record, according to the Authority. Population and employment forecasts released in August 2019 by the Atlanta Regional Commission showed that Henry County will reach a population of 370,000 by 2050. The Development Authority expects that the county’s rapidly growing population will benefit from the increased demand for workforce caused by these new and established businesses.
Over the past five years, 6,489 new jobs have been created in Henry County. The county has seen 34 new economic development projects and expansions, totalling more than $1 billion in new investments.
“HCDA has purposely worked to attract more manufacturing and international companies that can leverage the county’s strategic location and skilled workforce to accomplish their business objectives,” said Pierre Clements, Chairman of the Development Authority.
Over the past five years companies, including De Wafelbakkers, Encompass Health, The Home Depot, Luxottica, and TSYS have decided to choose and expand in Henry. One of the newest additions to Henry’s advanced manufacturing sector is Purple Innovation Inc. (“Purple”). Gov. Brian P. Kemp announced in July that Purple, the comfort technology company known for creating the Purple Mattress, will create 360 jobs and invest $21 million in its advanced manufacturing facility in McDonough. Purple designs and manufactures a variety of innovative, premium, branded comfort products, including mattresses, pillows, cushions, frames, sheets and more.
The proximity to Hartsfield-Jackson Atlanta International Airport, the world’s busiest and most traveled airport, and metro Atlanta location has made Henry County a desired destination for global commerce with foreign direct investment (FDI) from companies like ALPLA, Luxottica, Sangsin Technology America and Zinus, USA, according to the Authority. Zinus, an international Korea-based corporation, chose McDonough as the site of its first North American advanced manufacturing facility in August, a move that will create 804 jobs and invest $108 million in Henry County. With over 40 years of experience in the home furnishings industry, Zinus is known for engineered products that infuse natural ingredients, including green tea, olive oil, and charcoal, into their mattresses and home furniture.
The Development Authority also assisted 34 companies with expansions and locations over the past five years. These new and established industries will employ more than 6,489 people and generate over $1 billion in new investments for the county’s tax digest. For comparison the $1 billion in added digest value that HCDA has attracted equals the entire fair market value of city of Locust Grove. The Development Authority expects to see continued growth in industry sectors such as advanced manufacturing, professional services, e-commerce and health care.
“As our population continues to grow it is imperative that we continue to grow our commercial tax base to keep a balanced tax digest and ease the burden on residential taxpayers,” said HCDA Executive Director F.J. “Josh” Fenn. “As a commercial or industrial property only requires $.60/per tax dollar collected in services and a residential property requires $1.40/per tax dollar collected, these investments are key to keeping balance for Henry County as a whole. For a county of our size and location, the Development Authority’s achievement of attracting $1 billion in investments in just under five years is a major accomplishment for an economic development agency.”
About the Henry County Development Authority
As the lead economic development agency for Henry County, the Development Authority works to help retain local companies and to foster new relationships and opportunities with companies looking to relocate or grow their operations into Henry County. Learn more and connect with the HCDA team by visiting ChooseHenry.com.