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Invest Atlanta reports $1.5 billion in capital investment in 2024, highlights small‑business grants and housing pipeline
Summary
Invest Atlanta told the City Council committee it helped generate more than $1.5 billion in capital investment last year, directed most of that toward disinvested neighborhoods, and closed out a water‑grant program that funded 472 small businesses.
Eloisa Clemente, president and CEO of Invest Atlanta, told the Community Development & Human Services Committee on Feb. 5 that the agency’s investments produced “more than $1,500,000,000 in 2024,” representing a 22% increase over 2023. She said total economic impact — the agency’s measure of direct, indirect and induced activity — was about $1.9 billion.
Clemente said Invest Atlanta directed more than 62% of total investment to disinvested neighborhoods, more than double the share in 2023. She said the agency provided $14,800,000 in direct investment to small businesses across programs last year, delivered 590 grants or loans, and supported 1,844 small businesses through financing, technical assistance and consultations. The city’s recovery fund closed with 472 small businesses funded, $4,400,000 in awards and an average award of $9,446 per business, she said.
The Invest Atlanta leader described workforce and business outcomes: the agency supported 4,433 jobs in 2024, of which 1,675 met the city’s definition of “good jobs” (annual pay between $40,000 and…
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