Archives for June 2016

Refunding of Eastside TAD Bonds Saves Atlanta $10 Million

Invest Atlanta and the City of Atlanta have refunded $36.4 million of Atlanta’s outstanding Eastside Tax Allocation District bonds. The transaction will save Atlanta $10 million on interest payments over the next 14 years. The Eastside Tax Allocation District, encompassing parts of east and south Downtown, Sweet Auburn, the Old Fourth Ward and Grant Park,… Read more

Housing Team Plays Key Role in Events Promoting Home Ownership and Renovation

The Invest Atlanta Housing team conducted or otherwise participated in three May events that spotlighted and promoted tools to finance home ownership and renovation opportunities to Atlanta residents. On May 7, one of Invest Atlanta’s participating lenders, Prime Lending, taught House Rules, a home renovation education workshop, that told 17 prospective homebuyers how they could… Read more

Sale of Trolley Barn Keeps Historic Property Open to the Public

Invest Atlanta has closed on the $650,000 sale of the historic Inman Park Trolley Barn to the Atlanta and Edgewood Street Railway Company (AESRC). As a result of the sale, AESRC no longer will pay monthly rent but will continue operating, maintaining and preserving the property as a public events venue that can be rented… Read more

New Joint Venture to Increase Skills, Wages for H&F Bread Company Employees

As a catalyst for growth, Invest Atlanta has established a joint venture between the Atlanta Workforce Development Agency and H&F Bread Company for a job creation and training program. Under this agreement, AWDA and H&F will fund training for H&F employees in the company’s new processes for making high-quality, artisanal bread. In addition, AWDA will… Read more

CEO Message for June 2016

I believe that employees are a company's greatest asset as it is their passion that drives innovation. Steve Jobs said, "The only way to do great work is to love what you do." I am proud that the Invest Atlanta Team loves what they do. Today, I have the pleasure to announce that Invest Atlanta… Read more

Invest Atlanta Expands with Sixteen New Faces

If you haven’t visited Invest Atlanta recently, you may think that you’ve arrived on the wrong floor because you’re surrounded by sixteen new faces. In just two months, Invest Atlanta has welcomed eight new interns and temporary employees, two coordinators, three managers, two vice presidents and a remarkable CFO, Pricilla Carter. With this influx, the… Read more

Loan to Finance Rehabilitation of Apartments For Senior and Disabled Citizens

Invest Atlanta has closed on a $9.5-million tax-exempt loan to acquire and renovate the 100-unit Ralph David Abernathy Towers Apartments in the Historic West End. The property, which houses people who are 62 years of age and older as well as physically disabled persons, will receive new energy-efficient appliances, kitchen cabinets, fixtures, countertops and flooring.… Read more