Atlanta-based Equifax, the credit reporting and financial technology giant that is a global leader in consumer, commercial and workforce information solutions, will make a $17-million investment expansion into offices at One Atlantic Center, in Midtown, bringing 650 jobs into the city.
The move into a 100,000-square foot space in the iconic, 50-story skyscraper at the intersection of 14th and West Peachtree Streets will bring 150 net new jobs into Atlanta – the remaining 500 will relocate from offices in Alpharetta and Sandy Springs – and should create an economic impact of more than $75.8 million. Construction on the new expansion is set to begin in September, with Equifax planning to occupy the new space in two phases, in February and July 2017.
“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,” said Atlanta Mayor Kasim Reed. “Forward-looking, technology-driven companies are choosing Atlanta as the place to expand their businesses and add well-paying, family-supporting jobs.”
Equifax officials cited the company’s history in Atlanta and Midtown’s status as a center of leading-edge technology development as reasons for its decision.
“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 ourselves for a great future that includes a growth trajectory of 600 to 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.”
Invest Atlanta played a key role in support of the expansion project, which increases the local footprint of a company that is the market leader in 17 of the 21 countries where it operates, including the U.S., and employs about 9,200 people around the globe.