Significant economic development
in Coweta and Fayette counties.

In 2024, Coweta and Fayette counties experienced significant economic development, marked by strategic investments, business expansions, and community-focused projects. As we move into 2025, both counties are poised to build upon this momentum, leveraging their unique assets to foster continued growth and prosperity.

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Coweta County: A Hub of International Business and Sustainable Growth

Over the past several years Coweta County has experienced significant economic development, marked by substantial investments and job creation. Looking ahead, the county has ambitious plans to continue this trajectory.

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Coweta County’s economy is notably diverse, driven by 23 companies from 15 different countries, with 10 of these companies headquartered within the county. This international presence underscores Coweta’s appeal as a business-friendly environment with a global reach.

Between 2018 and 2022, Downtown Newnan, the county seat, witnessed substantial public and private investments totaling over $40 million. In 2023, an additional $12 million was invested, reflecting confidence in the area’s potential and laying a strong foundation for future growth.

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Coweta County Development Authority Attracts Businesses

In 2024, the Coweta County Development Authority (CCDA) continued its efforts to attract and support businesses. The CCDA offers various incentives, including acting as a conduit for taxable and tax-exempt bonds for qualified economic development projects and providing property tax reductions based on job creation, capital investment, and average wages.

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Between 2018 and 2021, the Coweta County Development Authority (CCDA) facilitated the creation of over 4,000 jobs and attracted more than $630 million in investments. In 2021 alone, the CCDA supported 76 new projects, resulting in over 800 new jobs and $333 million in investments.

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Looking forward, Coweta County is updating its Comprehensive Plan and Comprehensive Transportation Plan to guide future growth and development. These plans aim to create a long-range vision that integrates transportation, land use, housing, economic development, and community facilities, ensuring sustainable and strategic development.

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The county’s proactive approach to planning and development, combined with its recent successes, positions it well for continued economic growth in the coming years.

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Fayette County: Strategic Investments and Cultural Expansion

Fayette County, though one of Georgia’s smaller counties at 199 square miles, has demonstrated significant economic strength. In March 2024, the Fayette County Development Authority (FCDA) awarded grants totaling $1,229,785 to local municipalities, funding transformative projects aimed at enhancing economic vitality.

The county’s economic development strategy includes a focus on the film and television industry, supported by the continuation of tax credit programs. This initiative aligns with the presence of Trilith Studios, a major film production facility in the county.

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Trilith Continues to Contribute

Trilith Studios has significantly bolstered Fayette County’s economy through substantial investments, job creation, and the development of a vibrant community.

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Between fiscal years 2014 and 2022, construction related to Trilith Studios and the adjacent Town at Trilith contributed approximately $881 million in economic output. This includes $605 million in direct output, $154 million in indirect output, and $122 million in induced output. Looking ahead, from fiscal years 2023 to 2027, planned construction is anticipated to generate an additional $2.91 billion in economic output.

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In terms of Gross Value Added (GVA), which measures the additional economic value created, Trilith-related construction contributed a total of $475 million between fiscal years 2014 and 2022. This is broken down into $333 million of direct GVA, $76 million in indirect GVA, and $67 million in induced GVA. Between fiscal years 2023 and 2027, construction activity is projected to support an additional $1.57 billion in GVA.

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Trilith Studios has been a significant catalyst for economic growth in Fayette County, particularly in terms of job creation. Since its establishment in 2015, the studio has attracted numerous film and television productions, leading to a substantial increase in employment opportunities within the county.

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In fiscal year 2022, construction activities at Trilith Studios and the adjacent Town at Trilith supported approximately 1,500 jobs. This figure encompasses direct construction roles, positions within the construction supply chain, and jobs generated by the spending of construction workers in the local economy.

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Looking ahead, the impact on employment is expected to grow significantly. With planned expansions, the number of jobs supported by Trilith’s construction activities is projected to peak at around 8,600 in fiscal year 2025.

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U.S. Soccer to Benefit the Area

Another much anticipated development that is in the process of coming to reality is establishment of the U.S. Soccer Federation’s new headquarters and National Training Center (NTC) in Fayette County. The headquarters will produce a substantial economic and social impact on the region.

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U.S. Soccer’s decision to relocate its headquarters to Fayette County involves a significant financial commitment, with an investment of approximately $228 million. This project is expected to create over 440 new jobs in the area, encompassing roles in administration, facility management, coaching, and support services.

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The NTC is planned to span over 200 acres and will feature more than a dozen soccer fields, over 100,000 square feet of indoor courts, and more than 200,000 square feet of high-performance facilities, including locker rooms, meeting spaces, and offices for U.S. Soccer staff. This state-of-the-art infrastructure will serve all 27 U.S. Soccer National Teams, providing a centralized location for training and development.

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Groundbreaking for the NTC occurred in April 2024, with construction progressing steadily. Upon completion, the facility is expected to serve as a central hub for U.S. Soccer’s national teams, offering state-of-the-art spaces for training, rehabilitation, and development.

The addition of the US Soccer Federation’s headquarters and National Training Center is expected to have a considerable economic impact on the area, including job creation, infrastructural development, and increased community engagement.

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Job Market Improves

In 2024, Fayette County experienced a decrease in the unemployment rate, falling to 2.9% in March, indicating a strengthening job market. Statewide housing starts also increased by 9.6% between March 2023 and March 2024, suggesting a robust housing market that could benefit the county.

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Looking forward to 2025, the county is expected to continue its strategic investments in infrastructure and community development. Projects like the Alleyway Improvement Project in downtown Fayetteville, scheduled for completion in summer 2025, aim to enhance aesthetics, safety, functionality, and accessibility, contributing to the county’s appeal as a place to live and work.

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Regional Outlook and Collaborative Growth

Both Coweta and Fayette counties benefit from their proximity to Atlanta, providing access to a major metropolitan market while maintaining their unique local identities. The Georgia Chamber of Commerce has highlighted the state’s robust economic development, attributing it to a diversified economy, world-class workforce, and sound political leadership.

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In 2025, both counties are expected to continue leveraging their strategic advantages, focusing on sustainable growth, infrastructure improvements, and community development to enhance economic prosperity and quality of life for their residents.