Office relocation to the city will bring over 650 jobs, including 150 new employment opportunities
ATLANTA – Invest Atlanta today announced that Atlanta-based Equifax (NYSE:EFX), a global insights company and multinational leader in consumer, commercial and workforce information solutions, has signed a multi-year lease to expand its offices into 100,000 square-feet of space at One Atlantic Center (OAC) in the heart of midtown. The expansion is expected to generate over $75.8 million of economic impact as a result of Equifax’s $17 million investment in the project.
“I am pleased that Equifax, one of Atlanta’s premier home-grown companies, will deepen its commitment to our city through additional investment and growth. As CEO, Rick Smith has demonstrated his dedication to supporting the success of our city while also building a successful and innovative company,” said Mayor Reed. “Over the past decade, Equifax has transformed itself from a credit bureau to a global data and analytics company, contributing to Atlanta’s strong and growing FinTech sector. Forward-looking, technology-driven companies are choosing Atlanta as the place to expand their businesses and add well-paying, family-supporting jobs.”
“It is always a great day when we have the ability to celebrate quality job opportunities for Georgia citizens,” said GDEcD Commissioner Chris Carr. “On behalf of the Georgia Department of Economic Development (GDEcD), we would like to congratulate Equifax Inc. on this expansion which will create more than 150 net new jobs, and we look forward to future growth.”
Built in 1987 between the intersection of 14th and West Peachtree Streets, the new office space in the 50-story iconic skyscraper will serve as an extension of Equifax’s operations and join the company’s other two current metro Atlanta locations. Construction is expected to begin in September 2016 and the company plans to begin occupying the space in two phases, with the first occurring in February 2017 and the final phase occurring in July 2017.
“After considering several locations, we decided it was in the best interest of the company, our Atlanta-based employees, and the community to expand in Atlanta and further strengthen our roots that date back 117 years, and position for a great future that includes a growth trajectory of 600-700 jobs over the next several years,” said Andy Bodea, Chief Global Operations Officer for Equifax. "We naturally gravitated to midtown with its terrific access to a prominent engineering school and a growing reputation for innovation and technology hubs that are a magnet for great talent.”
As the economic development authority for the City of Atlanta, Invest Atlanta played a key role in supporting this project and the company’s decision to expand. The opportunity to grow into the space in Midtown and the strength of the Atlanta’s FinTech sector affirmed Equifax’s decision. The project was also supported by the Georgia Department of Economic Development.