An Impact Analysis of Kia Motors Investment on the Regional Economic Growth - Focused on Troup County in Georgia -

As a part of its policy to entice international automotive investments, in 2006 the State of Georgia won the Kia Motors bid to bring about an automobile assembly plant in West Point Town, Troup County, Georgia at the cost of about $258 million worth of incentive package. Since publicizing a proposal in 2006 to build the Kia Motors Manufacturing Georgia (KMMG) plant on 2,200 acres in West Point and Troup County in Georgia, the research analyzed the economic impact of the Kia Motors investment on the Troup County region . The findings revealed that the international automotive investment would create substantial direct and indirect employment and income for the regional economic growth. The research shows that KMMG had a noteworthy influence on the Troup County and the adjacent regions; therefore, the effect would be increased by the regional economic development. The Troup County region maintains active economy due to KMMG and its supplies’ employment creations. Accordingly, the study shows that there are vital and positive relationships between the investment of external firm and the regional economic growth.