Archives for March 2017

Mayor Kasim Reed Announces Closing of Sale of Underground Atlanta

Mayor Kasim Reed announced on March 31, 2017 the closing of the sale of Underground Atlanta to WRS, Inc. for $34.6 million. WRS, Inc., a real estate investment company based in Charleston, South Carolina, will redevelop the 12-acre site into a live-work-shop community with retail, hospitality, entertainment and residential space. The sale will result in… Read more

Resurgens Fund Grants to Bring New Life to Eastside Properties

At their March meeting, the Invest Atlanta board approved two Resurgens Fund grants, including one that will allow The Ethical Property Group create a new space for non-profit organizations. “The Resurgens Fund was deliberately created to with the intention of reactivating these vacant and obsolete buildings,” said Jennifer Fine, Invest Atlanta’s Vice President of Planning… Read more

UK Women Entrepreneurs Learn About IA Small Business Financing

Cynthia Freeman, Loan Service Coordinator at Invest Atlanta, spoke to a group of women entrepreneurs from the north of England looking to expand their business in Atlanta. On Tuesday, March 21, at the Women’s Entrepreneurship Initiative (WEI) office in the Flatiron building in Downtown, Freeman participated in the session, “Creative Financing for Startups & Small… Read more

CEO Message for March 2017

Why Economic Development? There are many economic indicators a city can analyze to determine its health, and one is payroll employment. Since 2010, Atlanta's percentage growth in payroll employment is 18.7% (Bureau of Labor Statistics). Only five other cities grew faster than Atlanta by this indicator. For me, this is a good sign of vibrancy… Read more

Key Sectors Targeted at Global Mobility and Health IT Conferences

Members of the Business Attraction team were busy in February and March focusing on communicating with leaders in two key industry sectors: mobility and Health IT. Senior VP of Economic Development Kevin Johnson traveled to Barcelona for Mobile World Congress, the world’s largest gathering for the mobile industry. Randi Mason, Invest Atlanta’s Economic Development Director,… Read more

Invest Atlanta Helps Cristo Rey Serve More Students

Atlanta Emerging Markets, Inc., Invest Atlanta's certified Community Development Entity, has closed an $11 million New Markets Tax Credits transaction that will allow Cristo Rey Atlanta to complete the renovations of their new high school building in Downtown Atlanta. The Cristo Rey network serves students of limited means, most whom are Hispanic or African-American, and… Read more

Work Begins on Phoenix House Affordable Housing

The groundbreaking ceremony for Phoenix House, the future site of a 69-unit affordable housing complex reserved for the homeless and mentally disabled, took place on Friday, March 3. Leading the project are Invest Atlanta, The National Housing Trust Enterprise Preservation Corporation (NHT-Enterprise)—a Washington, D.C. non-profit affordable housing owner and developer—Tapestry Development Group, and 3Keys, Inc.… Read more

Hagar Celebrates Renovation of Nine Affordable Units

With a cut of a blue ribbon, the partners involved in completing the Hagar Housing Development celebrated the opening of nine retained and renovated affordable units in the English Avenue Neighborhood. “I love turning concept into concrete,” said Akilah Ali of Hagar Civilization Missionary, an all-volunteer organization that spearheaded the effort. “We’re working to keep… Read more

Castleberry Park Breaks Ground on Westside

Mayor Kasim Reed and Invest Atlanta President and CEO Dr. Eloisa Klementich were among those who celebrated the official groundbreaking for Castleberry Park, a new $90 million mixed-use development in the Castleberry Hill neighborhood on Atlanta’s Westside. “Castleberry Park is yet another example of how our Administration is keeping our promise of promoting revitalization and… Read more

Invest Atlanta Joins College and Career Week at Hollis

President and CEO Dr. Eloisa Klementich, Assistant General Counsel Justin Giboney, Mortgage Loan Specialist Michele Lewis, and Vice President of Compliance Christie Barnes recently took part in Michael R. Hollis Innovation Academy’s College and Career Week. The team spent a day in February with the students, and it was part of a full week of career-related activities… Read more