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Entertainment/Film Industry Cluster in Atlanta – Highlights
Atlanta’s extensive transportation network, including the world’s busiest airport, combined with a temperate climate and high quality of life, offer an exceedingly high production value to location scouts and producers worldwide. Atlanta has been home to many films over many decades, and the entertainment industry continues to thrive. Media and entertainment giant Turner Broadcasting is based in Atlanta, and the Georgia Entertainment Association is a leading industry association also in the city.
Recent Entertainment wins in Atlanta (Projected number of jobs)
Major Industry Companies in Atlanta
- Turner Broadcasting
- CNN
- The Weather Channel
- EastCoast Entertainment
- US Road Sports & Entertainment of GA, LLC
- R&R Productions Worldwide
- Glorious Events
- Feld Entertainment Incorporated
- Absolute Entertainment, Inc.
- ABC Sports & Entertainment
Industry Associations in Atlanta
Workforce Statistics
In 2011, there were 8,647 workers employed in the entertainment industry in Atlanta. That number is expected to decrease to 8,328 (-4%) by 2021.
Available Incentives, Credits, Services from 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.
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
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Sources
www.metroatlantachamber.com
Metro Atlanta Economic Briefing Newsletter
Georgia Power Job by Industry Reports
Source: 1 Metro Atlanta Chamber of Commerce, Metro Atlanta Economic Briefing, Year-End 2011
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