Archives for December 2016

CEO Message for December 2016

As we say farewell to 2016, it’s a great time to reflect on Invest Atlanta’s accomplishments. We have had the privilege to facilitate $1.2 billion in investment, 7,472 direct jobs and 3,101 indirect / induced jobs. These efforts have generated a total economic impact of $3.07 billion within the City of Atlanta. Numbers, however, only… Read more

Sweet Auburn Ballroom Receives Resurgens Grant

The Sweet Auburn Ballroom will receive the first grant from Invest Atlanta’s recently-established Resurgens Fund in the Eastside TAD. Named after the historic downtown neighborhood, the vacant former Butler Street YMCA building at 17 Jesse Hill Jr. Drive will soon be transformed into a 1,200-person capacity live music venue for established and rising artists alike.… Read more

Coda Tower Breaks Ground in Tech Square

Construction has officially begun on the 25-story Coda tower between Spring and West Peachtree Streets in Midtown. Once operational, the high performance computing center within Coda will strengthen Atlanta’s position as a global technology hub, foster new collaboration between those in private industry and academic research, and attract new talent to the area. The center… Read more

Invest Atlanta Gives Back Through United Way During Holidays

Staff from Invest Atlanta and the Mayor’s Office of International Affairs came together to support needy families through the United Way. On Friday, December 2, the group gathered together to pack hundreds of snack bags destined for children at City of Refuge. Serving Atlanta’s Westside neighborhoods since 1997, City of Refuge provides housing, health care,… Read more

Board Makes Initial Move to Complete High-Tech Healthcare Project

The Invest Atlanta board took a first step toward restarting construction on the $200 million Emory Proton Therapy Center at the corner of Peachtree St. and North Ave. in Midtown. With a unanimous vote, the board approved an inducement resolution to issue tax-exempt 501(c)(3) bonds, with the proceeds going toward final construction costs and a… Read more

Invest Atlanta Supports New Early Education Center in Peoplestown

Invest Atlanta’s New Markets Tax Credits entity, Atlanta Emerging Markets, inc. (AEMI), has closed a major transaction that will support the construction of a new Sheltering Arms early education center in the Peoplestown neighborhood. AEMI is providing $6.3MM in New Markets Tax Credit (NMTC) allocation to assist with the new development at D.H. Stanton Elementary… Read more

Board Member Anna Foote Honored at Final Meeting

Mayor Kasim Reed, Council Member Andrew Dickens, Invest Atlanta President and CEO Eloisa Klementich came together at the December 5 board meeting to bid a fond farewell to Anna Foote. A board member since 2008, Anna was recognized for exemplifying what being a true community leader is all about. During her tenure Invest Atlanta went… Read more

New Westside Financial Capability Center Receives TAD Support

The Invest Atlanta Board of Directors recently approved a $100,000 Westside TAD Community Improvement Fund grant to help fund a new Westside Financial Capability Center in Vine City. Once open, the Center will provide residents with high-quality financial counseling, entrepreneurship training, and homeownership education. Former 1st Choice Credit Union CEO Sheilah Montgomery, who spoke passionately… Read more

Westside Students Receive Early Holiday Surprise

Invest Atlanta is living up to its long-term commitment to help stabilize Westside communities. The goal is to ensure current residents of neighborhoods like English Avenue, Vine City, and Castleberry Hill benefit from the new investments being made around the new Mercedes-Benz Stadium. To date, Invest Atlanta has injected approximately $56 million into the transformation… Read more