Business owner from NY says Georgia allowed manufacturing company to flourish: ‘We are busting at the seams’
foxbusiness.comFOX Business' Ashley Webster speaks to Winton Machine Company CEO and owner Lisa Winton about why she moved operations from the northeast to Georgia.
A husband and wife who began their manufacturing operation in the basement of their home is now a booming business.
The CEO and owner of Winton Machine Company said she couldn't imagine accomplishing the same level of success in the Northeast.
«I'm from New York, my husband's from New Jersey, and I'm just grateful that we're here in Georgia because it's a really business-friendly state,» Lisa Winton told FOX Business’ Ashley Webster on "Varney & Co." Monday. «There's a lot of really great resources for manufacturers in the state.»
Recent data analysis from Bloomberg indicates that many other business owners agree with Winton’s sentiment: six southern states are now contributing more to the United States’ gross domestic product (GDP) than the Northeast combined.
U.S. Bureau of Economic Analysis numbers show Texas, Florida, Georgia, Tennessee, North Carolina and South Carolina made up 23.64% of the national GDP in Q1 2023, while the Northeast was responsible for 19.87%.
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«Right now we are busting at the seams, and for us to expand, we need to double our size,» Winton said.
Georgia economy has proved to be «really business-friendly,» Winton Machine Company CEO and owner Lisa Winton said on «Varney & Co.» Monday. (iStock)
However, economic challenges currently pose risks for southern businesses attempting to grow their workforce and profit margin.
«There is challenges due to inflation… it’s three times the price right now,» Winton pointed out. «We're really struggling to fill some of those
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