Georgia House Bill HR456

Georgia 2023-2024 Regular Session

• Introduced: 3/9/23
• Enrolled: 3/9/23
• Passed: 3/9/23

Caption

Building Owners and Managers Association of Georgia (BOMA Georgia); BOMA Georgia Day at the state capitol; February 21, 2023; recognize

Impact

The impact of this resolution is largely symbolic, serving to honor the legacy and role of BOMA Georgia in elevating the commercial real estate landscape in the state. By highlighting BOMA Georgia's achievements, the resolution may bolster the organization's efforts in advocacy and policy discussions, ensuring that the commercial real estate sector continues to receive attention and support from lawmakers. Additionally, recognizing such a significant milestone can foster a sense of pride and community among members and stakeholders involved in the industry, enhancing collaboration and future initiatives.

Summary

House Resolution 456 is a commendatory resolution recognizing the Building Owners and Managers Association of Georgia (BOMA Georgia) for its significant contributions to the commercial real estate industry in the state. Founded in 1913, BOMA Georgia has played a crucial role in supporting this sector, which currently contributes approximately $5.5 billion annually to Georgia's economy and sustains nearly 50,000 jobs. The resolution acknowledges February 21, 2023, as BOMA Georgia Day at the state capitol, celebrating the organization's 110 years of service and its ongoing efforts in promoting commercial real estate and related initiatives in Georgia.

Contention

While the resolution itself does not present direct points of contention, it reflects the appreciation for a well-established organization in the commercial real estate domain. It may, however, spark discussions regarding the need for ongoing support and development of the industry amidst shifting economic conditions, as sectors such as real estate often face challenges related to regulation, economic fluctuation, and market dynamics. Such discussions could highlight differing opinions on the best strategies to promote growth and sustainability within the commercial real estate market.