Historical Timeline of Invest Atlanta

Invest Atlanta's decades-long commitment to a prosperous Atlanta for all

 

Mayor Maynard Jackson (1974 - 1981) 

1976 Atlanta Economic Development Corporation (AEDC) is created; Timothy Alexander named President.
1979 Joe Martin named President of AEDC.
1979 Urban Residential Finance Authority (URFA) is created.

 

Mayor Andrew Young (1982 - 1989) 

1982 Downtown Development Authority Created.
1983 AEDC purchased 330 acres of land in NW Atlanta and developed the city's first industrial park since the mid-1960s.  Atlanta Industrial Park becomes Georgia's first Urban Enterprise Zone.
1985 URFA staffed and Marty Nance named President.  URFA begins issuing tax-exempt bonds for single-family and multifamily housing.
1985 Tarby Bryant is named President of AEDC.
1985 The Redevelopment Powers Law is enacted with support of 71% of Georgia voters and paves the way for the use of tax increment financing as an economic development tool. 
1986 The Southside Industrial Park, a 280-acre site two miles east of the airport, receives its Industrial Urban Enterprise Zone designation.
1988 Walter R. Huntley, Jr. is named President of AEDC.
1989 The revitalization of Underground Atlanta is financed with bonds issued by the downtown Development Authority.
 

Mayor Maynard Jackson's 3rd Term (1990 - 1993) 

1992 Georgia's first tax allocation district, the Techwood Park TAD, is created to help redevelop land in Downtown in preparation for hosting the 1996 Olympic Games.  The site will later become known as Centennial Olympic Park.
 

Mayor Bill Campbell (1994 - 2001) 

1996 Atlanta hosts the Olympic Games.
1997 The Atlanta Development Authority (ADA) is formed and Kevin Hanna is named President.  Atlanta Economic Renaissance Corporation is also formed - AEDC is rolled into this new structure.
1998 The Techwood Park TAD renamed and replaced with the expanded and renamed the Westside TAD to spur revitalization around Centennial Olympic Park and the Vine City and English Avenue neighborhoods.
1999 The Atlantic Station TAD is created.
2001 The first TAD bonds in Atlanta, in the amount of $15 million, are issued in the Westside TAD to provide gap funding to six projects in downtown Atlanta.
2001 The first Atlantic Station TAD bonds are issued in the amount of $76.5 million.
 

Mayor Shirley Franklin (2002 - 2009)

2002 Ernestine Garey is named Interim President of ADA.
2005 The Perry/Bolton and Princeton Lakes TADs are created.
2003 Greg Giornelli is named President of ADA.
2003 The Eastside TAD is created.
 
2004 ADA launches the city's first 5-year comprehensive economic development plan.
2004 ADA expands to include an economic development department focused on business attraction/retention and job growth.
2005 $47.5 million in TAD bonds are issued to provide gap funding for seven projects in the Eastside TAD.
2005 $82.6 million in TAD bonds are issued to provide gap funding for seven projects in the Westside TAD.
2005 The BeltLine TAD is created.
2005 The U.S. Army announces that the Ft. McPherson military base will be closing in 2011.  ADA creates the McPherson Planning Local Redevelopment Authority, and Jack Sprott is named Executive Director.
2006 A second round of Atlantic Station TAD bonds are issued in the amount  of $166.5 million.
2006 $21 million in TAD bonds are issued for projects in the Princeton Lakes TAD.
2006 The Economic Opportunity Fund is created and receives its first infusion of $5 million from the city for job creation and economic development.
2006 $25 million in Homeless Opportunity bonds are issued to incentivize permanent supportive housing for Atlanta's homeless population.
2006 The four commercial corridor TADs are created - the Stadium Neighborhoods TAD, Campbellton Road TAD, Hollowell/MLK TAD and the Metropolitan Parkway TAD.
2006 Peggy McCormick is named President of ADA.
2007 Terri Montague is named CEO of Atlanta BeltLine Inc., the newly formed implementation agency for the BeltLine Project.
2007 Imagine Downtown Inc., a partnership formed in 2006 between ADA and Central Atlanta Progress, wins its first New Markets Tax Credits allocation in the amount of $60 million from the federal government.
2007 $35 million in Housing Opportunity Bonds issued to incentivize multifamily and single family development in the City of Atlanta.
2008 $69 million in TAD bonds is issued for six development projects in the Westside TAD.
2008 The first BeltLine TAD bonds are issued in the amount of $64.5 million. 
2009 Brian Leary is named CEO of Atlanta BeltLine Inc.
2009 BeltLine TAD bonds are issued in the amount of $78.1 million, which included the refinancing of the Series 2008 BeltLine TAD bond issue.
2009 URFA issued $25 million in single family bonds making homeownership a reality for 180 families.  The city of Atlanta was designated as a recovery zone.
 

Mayor Kasim Reed (2010 - 2017)

2010 Ernestine Garey is named Interim President of ADA. 
2010 Atlanta Urban Redevelopment Agency created.
2010 The City was awarded a $47 million grant by the U.S. Department of Transportation for the construction of the Atlanta Streetcar. 
2011 Brian McGowan was named President and CEO.  
2011 The "Invest Atlanta" brand and logo were created to represent a new mission and vision for the City of Atlanta and its economic development efforts. 
2011  The sale of City Hall East (now Ponce City Market) to Jamestown Properties was consummated, becoming the largest adaptive reuse project in the history of Atlanta.
2012 Porsche North America developed its $100,000 million North American headquarters at Aerotropolis Atlanta.
2012 Walmart Supercenter at Historic Westside Village opened in a community that once was a food desert, creating 150 new jobs.
2013 Paul Morris named President and CEO of ABI.  
2013 Pulte Group relocated its corporate headquarters from Michigan to Atlanta, and Athenahealth relocated to Ponce City Market, bringing 500 new jobs to Atlanta.
2013  A Community Benefits Plan was approved for the neighborhoods of Vine City, English Avenue and Castleberry Hill.
2014 Craig Richard was named President and CEO of Invest Atlanta.
2014 Perry Bolton Tax Allocation District bonds were issued in the amount of $24 million to spur redevelopment in northwest Atlanta.
2015 NCR relocated its corporate headquarters to Midtown Atlanta, bringing 3,600 jobs. 
2015 The City of Atlanta was awarded a $30 million in Choice Neighborhood grant by the U.S. Department of Housing and Urban Development.  
2015 $200 million in bonds were issued by Invest Atlanta to help finance the construction of the $1.4 billion new Mercedes Benz Stadium for the Atlanta Falcons.  
2016 Dr. Eloisa Klementich was named President and CEO of Invest Atlanta.  
2016 $155 million TAD of bonds issued in refunding and new money TAD bonds for the Atlanta BeltLine Project.   
 

Mayor Keisha Lance Bottoms (2018 -2021)

2019 The Women's Entrepreneurship Initiatives becomes part of Invest Atlanta.
2019 Invest Atlanta introduces new core value on equity to guide economic development initiatives.
2020 Invest Atlanta hires its first Chief Equity Officer to lead diversity and inclusion initiatives.
2020 Mayor Bottoms and Invest Atlanta Board launch the One Atlanta: Economic Mobility, Resiliency and Recovery Plan.
 

Mayor Andre Dickens (2022 - )

2022 Mayor Dickens establishes the City of Atlanta's first department of Labor, including reintegrating WorkSource Atlanta.
2022 Invest Atlanta receives $20 million small business program grant through WellsFargo.
2022 Creative Industries Grant Fund established.
2023 Invest Atlanta Board approves $100 million Housing Opportunity Bond program.
2023 Invest Atlanta launches a Faith-Based Organization predevelopment loan program, providing funding supporting development of affordable housing to churches and related organizations.
2023 Mayor Dickens launches the "Year of the Youth" focused on empowering teenagers and young adults with job trainng and other services.
2023 Pivotal Director of Small Business Lonnie Saboor retires after 44 years of service to Invest Atlanta.
2024 Invest Atlanta rolls out food access strategy to eliminate food deserts and reduce food insecurity in the city.
2024 Chief Operating Officer Dawn Arnold surpasses 30 years of service with Invest Atlanta.
2024 Anti-Displacement Tax Relief Fund program to support legacy residents introduced.
2025 Invest Atlanta launches the city's first Legacy Business program.
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