2016 Invest Atlanta Annual Report

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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
Assisting Atlanta Businesses H&F Bread Company Invest Atlanta’s Business Retention and Expansion (BRE) team worked with hundreds of local business owners in 2016 to help them stay, grow, and hire locally in the City of Atlanta. These conversations covered a wide variety of topics, including access to capital, site location, government procurement, supply chain, workforce, and tools to help them grow their businesses. 2016 Business Retention and Expansion 394 Business Visits 795 New Full-Time Jobs 436 Number of Jobs Retained $40K Average Wage of Jobs Retained $651.4M Total New Economic Output* *Based on IMPLAN Analysis. 21 Accelerating Economic Momentum Annual Report 2016 22
Page 1 and 2: Atlanta Rising Annual Report 2016 w
Page 3 and 4: Atlanta Rising The South’s Shinin
Page 5 and 6: Message from President & CEO Dr. El
Page 7 and 8: Invest Atlanta Scorecard Headquarte
Page 9 and 10: Photo courtesy of Midtown Alliance
Page 11: The Lure Of Atlanta NCR Expands Its
Page 15 and 16: Naan Stop The Spotted Trotter “We
Page 17 and 18: A Global City Atlanta is home to 2,
Page 19 and 20: Bonjour, International Opportunitie
Page 21 and 22: Invest Atlanta Focus Group 2016 Ope
Page 23 and 24: Elevating Communities Invest Atlant
Page 25 and 26: The Transformative TAD Effect Tax A
Page 27 and 28: Westside TAD At Work Quest Communit
Page 29 and 30: Advancing Social Equity Invest Atla
Page 31 and 32: Supporting Affordable, High-Quality
Page 33 and 34: Lease to Own With Trio In 2016, May
Page 35 and 36: Atlanta Logistics Powerhouse Plants
Page 37 and 38: Atlanta’s Advanced Therapy Georgi
Page 39 and 40: Affordable Housing on the Atlanta B
Page 41 and 42: Board Members Executive Team The Ho
Page 43 and 44: Statement of Net Position June 30,
Page 45 and 46: Statement of Cash Flows Proprietary
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2016 Invest Atlanta Annual Report

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