2016 Invest Atlanta Annual Report

Innovation
Lives Here
Construction on the 25-story Coda Tower in Midtown is underway. 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 city.
The Invest Atlanta board approved the issuance of up to $440 million in bonds to support
the creation of the 90,000-square-foot data center. The overall mixed-use Coda project,
scheduled to open in late 2018, will create approximately 2,400 new jobs and produce an
estimated economic impact of $813.8 million over the next two decades.
With access to Coda’s powerful tools and resources, Atlanta’s students, faculty, and tech
entrepreneurs will be better equipped to conduct research and commercialize new
applications. The computing center will also further elevate Georgia Tech’s reputation as
one of the world’s top engineering and research institutes.
Coda Tower
“Atlanta is a hub for technology, a magnet for millennials and the perfect place
for Coda. This project will establish Atlanta as the place for collaborative
research that will rival other cities around the world. The City of Atlanta and
Invest Atlanta actually played a very broad-based role way beyond just the
financing. Without that help and without that engagement, this project would
not be possible.”
Ambrish Baisiwala, CEO, Portman Holdings
19 Accelerating Economic Momentum Annual Report 2016 20