Page 25 - Georgia Forestry - Issue 2 - Spring 2024
P. 25
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By Stasia Kelly
What do persimmon seeds, tarot cards and the place- ment of the stars have in
common? They’ve all been used by humans seeking answers to what the future may hold. Of course, statistics proving the outcome of these pursuits are, predictably, ambiguous.
Today’s business-forecasting tools are much more reliable, and likely to include formulas that have dependable track records for predicting outcomes. When dollars are on the line, no matter how many, trends matter.
The Georgia Forestry Commission (GFC) relies on numerous tools to mea- sure and address the many forest char- acteristics that affect timber growth and output. One of the most highly anticipated reports is the annual “Eco- nomic Benefits of the Forest Industry in Georgia,” co-produced by the GFC and the Georgia Institute of Technol- ogy’s Enterprise Innovation Institute. In great detail, the report quantifies the economic activity of forestry and its impact on the state of Georgia. The GFC’s Forest Services, Utilization and Marketing (SUM) Department has been working with Georgia Tech to produce this information since 2002.
“The forest products industry is one of the leading manufacturing industries in the state, in terms of employment and job compensation,” said Devon Dart- nell, GFC’s director of forest services, utilization and marketing. “This report provides a way of demonstrating that value to the Georgia legislature and federal entities that can support our industry through funding and policies.”
The report is also of great benefit to Georgia’s economic-development ambassadors and their business prospects. Statistics that quantify industry output and employment conditionsin Georgia — recognized as the “Number- One Forestry State in the Nation” — are critical to decision makers at every juncture.
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