|
Clean and Green Manufacturing Within Atlanta
Atlanta continues to maintain a strong manufacturing presence, with clean and green manufacturing quickly gaining momentum. Many manufacturing companies within Atlanta have adopted new eco-friendly practices that improve the local community, while a growing number of startups have introduced inventive methods of sustainable manufacturing. One organization making an impact on the City is Refuel, which recycles used cooking oil produced by Atlanta restaurants, and processes it into biodiesel for the Atlanta market. Atlanta’s commitment to implementing sustainable practices has helped create an eco-friendly culture that is inviting to green manufacturers.
In an effort to bring awareness to green jobs in the City and around the nation, Atlanta will host a 2012 Good Jobs, Green Jobs Regional Conference, which aims to help build a foundation for a green economy.
Recent Clean and Green Manufacturing Wins
Clean and Green Manufacturing Industry Companies in Atlanta
National and International Industry Associations
Workforce Statistics
In 2011, there were 20,322 workers employed in manufacturing jobs in Atlanta.
Incentives Provided by Invest Atlanta
City of Atlanta Economic Opportunity Fund – This Invest Atlanta administered deal-closing fund supports the growth of targeted industries in the City of Atlanta. Invest Atlanta uses the fund to recruit and retain businesses resulting in job retention and creation. This discretionary fund is structured on a project by project basis based upon criteria such as job retention and creation in the City of Atlanta, financial strength of the business, and amount of business investment in the project.
Lease Purchase Bonds – Invest Atlanta has the ability to abate a portion of real and personal property taxes for projects that stimulate job creation and investment. Invest Atlanta holds title to the client’s real and personal property allowing for a ten year partial abatement on these taxes starting at 50% and decreasing by 5% for the next 9 years until they are paying full taxes in year 11 of the project. Invest Atlanta may not be able to offer this program in a TAD since the TAD’s rely on the property tax increment to fund their bonds.
Small Business Loans – Invest Atlanta offers a variety of small business loan programs. The Phoenix Fund provides loans ranging from $10,000 - $100,000 for 3 to 7 years and ½ of prime plus 2%. The Opportunity Loan Fund provides gap financing from $100,000 - $200,000 for 3 to 7 years at ½ of prime plus 2%. Invest Atlanta is also an SBA 504 lender for loans up to $4 million for a maximum term of 20 years at an interest rate based on a 10-year Treasury note.
Permitting Assistance – Invest Atlanta can act as an advocate for developers or tenants in their permitting approval process with appropriate City departments. Invest Atlanta can help clarify the process to obtain a permit and make connections between the client and the appropriate department to help expedite the process.
Invest Atlanta Contact Information
Bill Cronin
Vice President Economic Development
Invest Atlanta
86 Pryor Street, Atlanta, GA 30303
404.880.4100
404.880.0863 fax
wcronin@investatlanta.com
|
|
