Manufacturing firms generate nearly $6 billion in sales each year, accounting for more than 10 percent of all sales in Atlanta. They employ more than 35,000 people, representing more than 6 percent of the city’s workforce. The average wage for these middle-class jobs is more than $76,000 per year.
Georgia is one of only 14 states with an inventory tax. Previously, the city offered a 20 percent inventory tax exemption on raw material, work-in-process and finished goods inventory. The annual revenue from those taxes was about $2 million.
Since 2000, Atlanta has lost nearly 4,700 manufacturing industry jobs according to a study by the Georgia Institute of Technology. The ordinance will go into effect Jan. 1, 2015.