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Invest Atlanta highlights tax-allocation district wins, launches Local Legacy small-business program
Summary
Invest Atlanta reported $2.6 million in TAD increment financing leveraged into roughly $431 million in city investment for 2024 and outlined new small-business support—including an April 1 launch of the Atlanta Local Legacy program and grants for storefront improvements and marketing.
Invest Atlanta President and CEO Dr. Eloisa Clementich told the City of Atlanta Finance Executive Committee on April 7 that the agency’s tax-allocation district (TAD) work produced $2,600,000 in increment financing in 2024, leveraging about $431,000,000 in private and public investment for projects across the city.
Clementich said Invest Atlanta now oversees 10 TADs — two resolved and eight active — and reviewed 2024 project highlights including a planned conversion of 3500 MLK from a Family Dollar to a community food center, a Westside housing project at 471 English Avenue with five units (four rented, one owner-occupied), and a proposed small-business incubator and 30-room hotel at 410 Marketing on a…
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