Allocation will help attract private investment to distressed Atlanta communities
ATLANTA – Invest Atlanta announced today that it has been awarded a $50 million allocation of New Markets Tax Credits (NMTC) from the U.S. Department of the Treasury. The award will go to Atlanta Emerging Markets, Inc. (AEMI), Invest Atlanta’s NMTC entity. Invest Atlanta, through AEMI, will use the NMTC award to provide gap financing for transformative projects, which will help jumpstart economic development, create jobs, and revitalize neighborhoods in Atlanta. Read More
Package delivery company to invest $400 million in distribution hub and create 1,250 jobs.
ATLANTA – Mayor Kasim Reed and Governor Nathan Deal today announced that United Parcel Service Inc. (UPS), a package delivery company, will create 1,250 jobs and invest more than $400 million to establish a regional sorting and distribution hub in Atlanta by the end of 2018. Read more
As a math major in college, Tonya Hicks was told by a professor that her only career option was math teacher. Hicks didn’t think that was for her, and after learning that electricians too need to be good at math, she left college and signed up for the apprenticeship program at the International Brotherhood of Electrical Workers Local 917 in Meridian, Mississippi. Read More
The NCR Innovation Lab brings together the company’s global R&D teams to focus on creating solutions for digital commerce
NCR Corporation (NYSE: NCR), a global leader in omni-channel solutions, today announces the NCR Innovation Lab, a brand new research and development hub, which will focus on cross-functional research, innovation, and design-thinking. The NCR Innovation Lab will bring together NCR’s R&D teams with its global innovation labs to drive a unified omni-channel focus and build upon NCR’s position as a leader in the digitally connected economy.
The City of Atlanta’s Better Buildings Challenge has passed a milestone – 100 million square feet.
Grants will incentivize new development and building improvements to increase business growth, mixed income housing, employment activity and the sustainability of neighborhoods
ATLANTA – Invest Atlanta today announced that it is accepting new applications for qualified development and improvement projects in the Eastside Tax Allocation District (TAD). Through the Eastside TAD, the City of Atlanta is providing tax increment financing to attract infill projects in Downtown and surrounding neighborhoods and to promote the implementation of public infrastructure and amenities that are critical to building a sustainable community.
First program of its kind in Georgia can bridge the gap to home ownership when traditional mortgage financing is not attainable
ATLANTA – Invest Atlanta announced today it will launch a new program to increase homeownership in Atlanta through the Trio Lease-to-Own Home Financing Program. The program provides a flexible financing solution to help prospective homebuyers who may have difficulty attaining a traditional mortgage. Open to residents of the City of Atlanta, Trio offers the opportunity to secure a lease on a home with the option to buy it at a locked-in mortgage interest rate and term based on today’s pricing and underwritten to FHA standards.
Mayor Kasim Reed and Invest Atlanta Announce New Affordable Housing Policy
ATLANTA – Mayor Kasim Reed and Invest Atlanta today announced a new omnibus Workforce Housing Policy to increase the availability of affordable housing in the City of Atlanta. The policy enhances existing economic incentives for new multifamily real estate to increase the number of housing units available to tenants at specified income levels.