2016 Invest Atlanta Annual Report

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Eastside TAD Investments 340 Auburn Avenue In 2016, Invest Atlanta’s Downtown Façade Improvement Grant (DFIG) program provided 16 businesses a total of $1.29 million in matching grants toward revitalizing Atlanta’s building exteriors. The program provides a two-thirds matching grant to property and business owners to make exterior improvements to commercial property in the Eastside and Westside Tax Allocation Districts. The exterior renovation of 340 Auburn Avenue, which was partly financed through DFIG, included the installation of new storefront systems, front and back windows and awnings, as well as graffiti removal and brick repair. The grant provided $63,371 of the total project cost of $156,237 and is just one of the 16 grants awarded in 2016. DFIG was launched in 2014 to enhance the appearance of commercial areas, while in the process supporting the Atlanta Streetcar, leveraging private investment, and complementing community revitalization efforts. “The Eastside TAD fosters greater partnership among the City of Atlanta, real estate firms, business owners and others to bring additional development to this cherished area and create greater equity in our communities.” - Gene Kansas, President, Gene Kansas Commercial Real Estate Through the Eastside TAD, the City of Atlanta is providing tax increment financing to attract infill projects and build a more sustainable community through increased public infrastructure and amenities. Funding is sourced, in part, through the Resurgens Fund Grant, which provides gap financing for real estate projects, as well as the Downtown Façade Improvement Grant, which offers matching grants toward the exterior improvement of buildings. In 2016, Invest Atlanta and the City of Atlanta refunded $36.4 million of Atlanta’s outstanding Eastside Tax Allocation District bonds, saving Atlanta $10 million on interest payments over the next 14 years. 2016 Additional TAD Projects Throughout Atlanta $4.05M Atlantic Station Roadway Improvements $250,000 Campbellton Road Pedestrian Improvements $250,000 Lakewood Multi-Use Trail $350,000 Lee Street Multi-Use Trail $650,000 Streetcar Purple Line $250,000 Cleveland Avenue Improvements 51 Elevating Communities Annual Report 2016 52
Advancing Social Equity Invest Atlanta supports balanced initiatives that advance social equity and materialize the dreams of more Atlantans.
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 and 12: The Lure Of Atlanta NCR Expands Its
Page 13 and 14: Assisting Atlanta Businesses H&F Br
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: Westside TAD At Work Quest Communit
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
Page 47 and 48: Statement of Cash Flows Proprietary

2016 Invest Atlanta Annual Report

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