The Invest Atlanta board has approved $1.26M in Westside Tax Allocation District (TAD) for energy-efficient upgrades at The Walton Building, which is being redeveloped into a 110-room hotel. The TAD funds will pay for part of a $3.1M energy-efficiency project that includes window replacement and insulation, lighting with occupancy sensors and laundry water recycling.

Venture capital investing in the Peach State is on the rise. VC dollars plowed into local companies soared nearly 150 percent in the second quarter compared with the prior year. Georgia companies drew $133.3M in the second quarter, compared with $54.7M a year earlier, according to the MoneyTree report.

Cook County can thank USDA Rural Development for helping them to obtain funding for essential upgrades at the Cook County Airport. USDA implemented two programs for the project: a $55,950 Rural Business Enterprise Grant which will be used to purchase equipment and a $1.1M Rural Development Community Facility Loan for construction of twenty-two aircraft hangars.

Medient Studios, Inc. has announced that the Property Committee of the Effingham County Industrial Development Authority has formally approved the Master Plan for major movie studio on the company's 1,550-acre property.  The Studioplex is said to be "the largest of its kind in the United States."

The Georgia Department of Community Affairs has designated the area between Atlanta's Cleveland Avenue and Metropolitan Parkway to be eligible for jobs tax credits through the state's Opportunity Zones program. Businesses inside opportunity zones receive an income tax credit of $3,500 for each new job they create, as long as they create at least two net jobs.

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John Kingery describes access to capital tools utilized by the Georgia Department of Community Affairs. These tools include the Jobs Tax Credits Program, Downtown Development RLF, Opportunity Zones, and the State's SSBCI-supported programs.

This policy focus report explores the challenges of regenerating America's legacy cities - older industrial cities that have experienced sustained job and population loss over the past few decades. It identifies the powerful obstacles that stand in the way of fundamental change in the dynamics of these cities, and suggests directions by which cities can overcome those obstacles and embark on the path of regeneration.

In an effort to help states participating in the U.S. Department of the Treasury's SSBCI program, CDFA developed a number of technical assistance service options. CDFA's SSBCI Assessment Services provide a comprehensive, third party evaluation of your state's activities related to this important economic development program. This fee service offers an independent and unbiased review of your state's SSBCI programming.

Cheryl Strickland of Stifel, Nicolaus & Company, Inc. presents information on market and economic trends in Georgia as well as the national municipal bond market and the role that bonds play in development finance.

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