Atlanta Sleep Tech Innovator To Expand Thanks to IA Support
Tuesday, January 30, 2018
Responsive Surface Technology, an Atlanta-based sleep technology innovator, announced it had received funding through two Invest Atlanta-affiliated programs, the Atlanta Advantage Loan Fund and New Markets Tax Credit financing. The additional capital provided will enable ReST to grow its inventory and expand marketing and research efforts.
Managed through Advantage Capital Partners, the Atlanta Advantage Loan Fund is a revolving loan program for businesses in the City of Atlanta located in census designated distressed neighborhoods. Invest Atlanta’s New Markets Tax Credit program is administered through Atlanta Emerging Markets Inc. and aims to attract private investment to Atlanta’s underserved neighborhoods and financially support catalytic projects that provide services or create quality jobs accessible to low-income residents.
“Invest Atlanta is proud to play a key role in helping innovative businesses like Responsive Surface Technology expand and grow in the City of Atlanta,” said Dale Royal, President, Atlanta Emerging Markets, Inc. “Tech companies like ReST employ over 270,000 people in metro Atlanta alone. Through a variety of programs like the Atlanta Advantage Loan Fund and New Market Tax Credits, Invest Atlanta and Atlanta Emerging Markets, Inc. offer businesses additional ways to access to capital so they can prosper in Atlanta’s vibrant economy and help bring new investment to neighborhoods throughout the city.”
As the company expands, ReST aims to become the leading sleep technology innovator in the world. ReST is committed to expanding its Atlanta footprint by continuing to grow its operations in West Midtown and creating new jobs. The company plans to invest in local talent, including skilled workers from Atlanta’s Westside neighborhoods.
“We are excited to have received additional funding through Invest Atlanta,” said Lloyd Sommers, General Manager of ReST. “The funds will support our efforts to expand distribution so that more people than ever before will have the opportunity to experience why the ReST Bed™ has in less than two years become the leading mattress for endurance athletes and those with back pain.”