Gwinnett Place CID is only one percent of the entire land area of Gwinnett County, but as the main commercial core, the area’s sphere of influence provides a massive economic impact. In fact, Gwinnett Place has an annual economic impact of $13.4 billion on the State of Georgia.
Did you know Gwinnett Place has …
- 27,904 jobs
- 2,841 companies with $1.4 billion in payroll and $6.3 billion in sales
- Over 8 million SF of retail space, 14% of Gwinnett County’s total retail space
- 3.4 million SF of office space, nearly 10% of the County’s total office space
- 27% of all the management jobs and 17% of all the finance/insurance jobs in Gwinnett County
Annually, retailers in the Gwinnett Place area sell an estimated $1.5 billion in retail products. Economic activity in the Gwinnett Place area generated $208 million in public revenues last year. Area restaurants sold $118 million in food and beverages in 2019 alone.
More than 96,000 people live in 34,000 households within three miles of the Gwinnett Place CID, with more Millennials and Generation Xers than Gwinnett County and the Atlanta MSA. Millennials are the highest educated group of young adults with the most spending power of any generation. Millennials lead the demand for compact, walkable communities.
Diversity and inclusion make Gwinnett Place great. 32% of the market area is white, compared to 45% of the Gwinnett County population and half of the Atlanta MSA population. Over a third of the Market Area residents identify as Hispanic/Latino compared to less than a quarter of Gwinnett residents. 17% of the market area residents are Asian American and 29% are African American. Nearly half of Gwinnett Place households speak a language other than English at home, compared to 38 percent county-wide.
Endless possibilities …
While Gwinnett Place CID has tremendous impact on the County, our greatest chapter is still being written. Imagine the economic impact possibilities once redevelopment in this area has truly occurred. The best is yet to come with the continued partnership between Gwinnett County and the private sector businesses that support the Gwinnett Place CID and the vision for an internationally diverse, livable urban community in the strategic heart of Gwinnett. With the willingness to act boldly, and with a continued investment in and commitment to Gwinnett Place, anything can be accomplished.
Click on the reports below created by KB Advisors to learn more.