Atlanta Economic Development Thread

[Ric 0_0]

Hire Dynamics ( hiredynamics.com ), a 10-time winner of ClearlyRated’s Best in Staffing award for superior service as rated by both clients and talent, today announced it has acquired Trace Staffing Solutions, a commercial staffing company headquartered in Savannah, Ga. The combined company will serve more than 2,000 clients and put more than 10,300 people to work each week, making it the largest commercial staffing company focused in the Southeast.

https://www.thedailytimes.com/busine...4213befa4.html

[Ric 0_0]

One of the prospective "Atlantic Yards" tenants is a Fortune 50 technology company that is considering relocating its headquarters from another state to Atlanta, said Terri Kerr, managing director with site developer Hines.

https://saportareport.com/fulton-pan...ing-incentive/

Would be absolutely incredible if we could land an F50 HQ, but I'm not keeping my hopes up. Any ideas on who it could be?

[jpk1292000]

Originally Posted by Ric 0_0

One of the prospective "Atlantic Yards" tenants is a Fortune 50 technology company that is considering relocating its headquarters from another state to Atlanta, said Terri Kerr, managing director with site developer Hines.

https://saportareport.com/fulton-pan...ing-incentive/

Would be absolutely incredible if we could land an F50 HQ, but I'm not keeping my hopes up. Any ideas on who it could be?

Wow!

First, I wonder if they really mean Fortune *50* or Fortune 500.

If it's a Fortune *50* tech company, the list of possible contenders is quite small and it would be stunning and surprising to get any of these.

Apple
Amazon
AT&T
Alphabet
Microsoft
Dell
IBM
Intel

[Ant131531]

IBM/Microsoft woud probably be my top contenders. Apple, Amazon, and AT&T aren't moving here(Amazon didn't even put their HQ2 here and AT&T have been moving jobs out). So that leaves the bottom 5. Microsoft is looking at a significant expansion of presence here over the next few years and IBM's HQs is in the middle of NY State.

[jpk1292000]

Originally Posted by Ant131531

IBM/Microsoft woud probably be my top contenders. Apple, Amazon, and AT&T aren't moving here(Amazon didn't even put their HQ2 here and AT&T have been moving jobs out). So that leaves the bottom 5. Microsoft is looking at a significant expansion of presence here over the next few years and IBM's HQs is in the middle of NY State.

Was thinking the same thing. This is my top 4 in decreasing order of liklihood, with the top 2 being far ahead of the others, and with Alphabet unlikely but I listed it given recent rumors in ABC / AJC articles of Google looking at "a significant additional expansion beyond the 1000 jobs already announced for the 1105 W. Peachtree project".

1. IBM
2. Microsoft
3. Dell
4. Alphabet

[Ric 0_0]

I definitely would also think that IBM would be the most likely to move as well.

On a different note...

Atlanta-based Arrow Exterminators announced the strategic merger and acquisition of 5 Star Termite & Pest Control. This transaction expands Arrow Exterminators to the Tucson market, where it will serve both residential and commercial customers throughout southern Arizona.

https://www.pctonline.com/article/ar...5-star-tucson/

[Ric 0_0]

Honest Tea will relocate from Bethesda, Maryland to owner company Coca-Cola’s corporate headquarters in Atlanta following the resignation of Seth Goldman.

The company will be relocated to new offices by the end of January 2020, according to a press release.

Coca-Cola said the move “allows us to fully integrate the Honest business into the company’s portfolio, as well as strengthen collaboration among the team and increase opportunities for career development for these associates.”

Goldman founded the company in 1998 with his Yale business school professor and friend Barry Nalebuff, producing “freshly brewed and barely sweetened” bottled tea as alternate to the heavily sweetened teas reconstituted from tea powder. The firm generated first year sales of $250,000 but now Honest Tea and its related lemonades, juices and kid’s drinks earned $600 million last year. In September the brand launched Honest Coffee, a cold brew.

https://www.teaandcoffee.net/news/23...-headquarters/

[Ric 0_0]

News From Macon (I still think it's close enough to ATL)

As soon as it officially opened its new plant, Irving Consumer Products Inc. had already sold out its production capacity.

The Canadian company over the last two years has hired 200 people at a $470 million Macon plant that attracted the likes of U.S. Commerce Secretary Wilbur Ross to a 2017 announcement showcasing its factory design.

Last month, at an official grand opening attended by Georgia Lt. Gov. Geoff Duncan, the company unveiled another architectural rendering: this time of a second-phase plant that will bring an additional $400 million into Macon’s Sofkee Industrial Park. The expansion will add 150 jobs along with the massive equipment needed for the operation.

https://www.globalatlanta.com/canada...r-400-million/

[Ric 0_0]

Gov. Brian Kemp announced last week that Collibra, the data intelligence company, will create more than 200 jobs at a new office in Atlanta.

“We are excited to welcome Collibra to Atlanta,” Kemp said in a news release. “Georgia has become a hub for the tech industry, with major data and cybersecurity companies locating in communities from Augusta to Atlanta to Columbus. Collibra’s investment in our state is a testament to our No. 1 state for business ranking, our pro-business climate, and the skilled talent in the region.”

Newly-created positions in Atlanta will include sales, operations, support and marketing.

https://www.news-daily.com/news/data...51ce794c4.html

[Libertarian]

From Wikipedia:
In August 2018 Intercontinental Exchange announced it was forming the new company Bakkt,[43] which is intended to leverage Microsoft online servers to manage digital assets. Bakkt was said to be working with Boston Consulting Group (BCG), Microsoft, Starbucks, and others to create a software platform. The Bakkt ecosystem is expected to include federally regulated markets and warehousing along with merchant and consumer applications. Its first use cases will be for trading and conversion of Bitcoin (BTC) versus fiat currencies. Kelly Loeffler is Bakkt's CEO.[44]

As an initial component of the Bakkt offering, Intercontinental Exchange's U.S.-based futures exchange and clearing house plan to launch a 1-day physically delivered BTC contract along with physical warehousing in 2019, subject to CFTC review and approval, which was delayed.[45] These regulated venues will establish new protocols for managing the specific security and settlement requirements of digital currencies. In addition, the clearing house plans to create a separate guarantee fund that will be funded by Bakkt.

In December 2018 Bakkt completed its first round of funding, raising US$182.5 million from investors such as Boston Consulting Group, Li Ka-shing's Horizons Ventures, Intercontinental Exchange, Microsoft’s venture capital arm, M12, Pantera Capital, PayU, and Naspers.[46] On May 13, 2019, Bakkt announced a firm date for the launch of the platform in July.[47]

In January 2019, Bakkt announced that it had entered into an agreement to acquire certain assets of Rosenthal Collins Group (RCG, to close in February.[48] In April 2019, Bakkt announced that it had acquired Digital Asset Custody Company (DACC). Terms of the transaction have not been disclosed.[49] In September 2019 the exchange began trading of bitcoin futures.[50]

[Ric 0_0]

ATLANTA--(BUSINESS WIRE)--Americold Realty Trust (NYSE:COLD) (the “Company” or “Americold”), the world’s largest publicly traded REIT focused on the ownership, operation and development of temperature-controlled warehouses, announced today that the Company has entered into a definitive agreement to acquire Nova Cold Logistics (“Nova Cold”), based in Canada, for CAD $337 million from Brookfield Business Partners L.P. (NYSE:BBU) (TSX:BBU.UN), together with its institutional partners (collectively “Brookfield”). The closing of the acquisition is subject to customary closing conditions and is expected to occur in the first quarter of 2020.

Separately, the Company announced today that is has completed the acquisition of two cold storage facilities owned by MHW Group Inc. (“MHW”), one in Maryland and one in Pennsylvania, and exercised an option to purchase the underlying land, for $54 million.

https://www.businesswire.com/news/ho...eement-Acquire

A nice acquistion for a decently sized Atlanta company.

[Ric 0_0]

Classic Collision Inc., an Atlanta-based collision repair company, announced that it has acquired Carolina Auto Body across the South Florida region.

Carolina Auto Body has served the Southeast Florida area since 2014, operating seven locations in Fort Lauderdale, Boca Raton, Deerfield Beach, Hallandale Beach, Hollywood, Pompano Beach, and Tamarac.

The addition of Carolina Auto Body to the Classic Collision family will increase the Classic Collision footprint to 34 shops in Georgia, Alabama, South Carolina, and now Florida. In addition, this will bring the Classic Collision employee count to over 720.

https://www.prnewswire.com/news-rele...300971803.html

[Ric 0_0]

Delta and LATAM Airlines said they have agreed on codeshare arrangements for flights operated by LATAM affiliates in Colombia, Ecuador and Peru beginning in the first quarter of 2020. The collaboration, which is subject to regulatory approvals, is the first major step in aligning operations after Delta announced plans in September to take a 20% stake in LATAM. With codesharing, each airline can market flights operated by the other carrier on its own schedule, making it easier for passengers to find and schedule connections and earn miles.

LATAM said it also plans to establish codeshare agreements between Delta and its subsidiaries in Chile and Brazil next year.
Air cargo experts say the Delta-LATAM joint venture holds excellent potential to increase cargo capabilities and revenue.

https://finance.yahoo.com/news/delta...141108797.html

[Ric 0_0]

YKK AP America Inc. has acquired a Canadian firm that will help the Austell, Ga.-based company meet growing demand for its prefabricated building products.

“As we looked to the future of our business, it was clear that we needed to grow our offering for prefabricated, pre-assembled products. By bringing Erie AP under the YKK AP umbrella, we are making a progressive move to meet what we see as a growing market demand for unitized products,” said Oliver Stepe, YKK AP America Inc.’s president, in a news release. Erie focuses on gleaming glass facades, providing a variety of engineering and technical support services to builders, designers and glazing contractors.

The acquisition includes the Canadian headquarters and factory, which has 250 employees. That brings YKK AP’s North American headcount to more than 1,000 people. The company operates plants in Dublin and Macon, Ga., as well as in Cincinnati and Dallas.

YKK AP America falls under the umbrella of YKK Corp. of America, the Marietta-based subsidiary of the Japanese zippier and architectural products giant. YKK was one of the earliest Japanese investors in Georgia and remains an active corporate citizen.

https://www.globalatlanta.com/ykk-ap...ding-elements/

[Ric 0_0]

Gladstone Investment Corporation (Nasdaq: GAIN) (“Gladstone Investment”) announced today the sale of its portfolio company Nth Degree, Inc. (“Nth Degree”) to MSouth Equity Partners, an Atlanta-based private equity firm. As a result of this transaction, Gladstone Investment realized a significant capital gain on its equity investment and retained a minority equity investment in Nth Degree. Gladstone Investment acquired Nth Degree in partnership with Capitala Finance Corp. (Nasdaq: CPTA) and Nth Degree’s management team in 2015.

Nth Degree, headquartered in Duluth, GA, is a market-leading provider of exhibit management services and event services to clients across the globe.

http://www.globenewswire.com/news-re...th-Degree.html

[smArTaLlone]

Wrong thread

[Ric 0_0]

2018 Gross domestic product (GDP) MSA, $billions: (Top 50)

1. New York-Newark-Jersey City, NY-NJ-PA- 1,772,319,824
2. Los Angeles-Long Beach-Anaheim, CA- 1,047,661,346
3. Chicago-Naperville-Elgin, IL-IN-WI- 689,464,744
4. San Francisco-Oakland-Berkeley, CA- 548,613,361
5. Washington-Arlington-Alexandria, DC-VA-MD-WV- 540,684,444
6. Dallas-Fort Worth-Arlington, TX- 512,509,778
7. Houston-The Woodlands-Sugar Land, TX- 478,778,576
8. Boston-Cambridge-Newton, MA-NH- 463,570,556
9. Philadelphia-Camden-Wilmington, PA-NJ-DE-MD- 444,148,100
10. Atlanta-Sandy Springs-Alpharetta, GA- 397,261,292
11. Seattle-Tacoma-Bellevue, WA- 392,036,945
12. Miami-Fort Lauderdale-Pompano Beach, FL- 354,740,098
13. San Jose-Sunnyvale-Santa Clara, CA- 331,020,137
14. Detroit-Warren-Dearborn, MI- 267,731,067
15. Minneapolis-St. Paul-Bloomington, MN-WI- 263,690,946
16. Phoenix-Mesa-Chandler, AZ- 255,211,769
17. San Diego-Chula Vista-Carlsbad, CA- 245,138,815
18. Denver-Aurora-Lakewood, CO- 214,157,605
19. Baltimore-Columbia-Towson, MD- 205,313,937
20. Riverside-San Bernardino-Ontario, CA- 187,109,114
21. Charlotte-Concord-Gastonia, NC-SC- 169,862,912
22. St. Louis, MO-IL- 169,839,353
23. Portland-Vancouver-Hillsboro, OR-WA- 164,419,551
24. Tampa-St. Petersburg-Clearwater, FL- 159,002,758
25. Pittsburgh, PA- 152,840,999
26. Austin-Round Rock-Georgetown, TX- 146,784,519
27. Sacramento-Roseville-Folsom, CA- 145,479,978
28. Cincinnati, OH-KY-IN- 141,052,659
29. Indianapolis-Carmel-Anderson, IN- 140,762,237
30. Orlando-Kissimmee-Sanford, FL- 138,947,819
31. Cleveland-Elyria, OH- 134,369,570
32. San Antonio-New Braunfels, TX- 133,633,572
33. Kansas City, MO-KS 132,703,700
34. Nashville-Davidson--Murfreesboro--Franklin, TN- 132,202,284
35. Columbus, OH- 129,328,017
36. Las Vegas-Henderson-Paradise, NV- 122,423,873
37. Milwaukee-Waukesha, WI- 103,731,937
38. Virginia Beach-Norfolk-Newport News, VA-NC- 100,976,295
39.Hartford-East Hartford-Middletown, CT- 99,465,315
40. Salt Lake City, UT- 94,306,889
41.Bridgeport-Stamford-Norwalk, CT- 89,387,658
42. Providence-Warwick, RI-MA- 87,414,900
43.Richmond, VA- 85,792,587
44. Raleigh-Cary, NC- 83,665,937
45.Jacksonville, FL- 83,186,521
46.Oklahoma City, OK- 81,016,823
47. New Orleans-Metairie, LA- 80,287,397
48. Memphis, TN-MS-AR- 76,749,486
49. Louisville/Jefferson County, KY-IN- 72,093,890
50. Urban Honolulu, HI- 69,252,343

Via the resident09 on CD
http://www.city-data.com/forum/city-...p-metro-5.html

[Ric 0_0]

Delta Air Lines is taking a step back from its private-jet charter business after 20 years, selling the struggling operation to Wheels Up Partners in a deal expected to close early next year.

The airline will retain an unspecified equity stake in closely held Wheels Up, Delta said in a statement Thursday. Financial terms weren't disclosed. Wheels Up Chief Executive Officer Kenny Dichter will continue leading the combined company, which is based in New York.

The transaction allows Delta to get out of the luxury jet charter business that has been "marginally profitable" and hasn't grown as the carrier had hoped, Chief Executive Officer Ed Bastian said in an interview. The combination will give Wheels Up a fleet of more than 190 private aircraft and over 8,000 members and customers.

Separately at the investor event, Delta said it expects 2020 adjusted earnings of $6.75 to $7.75 a share, which compares with an average estimate of $7.06 from analysts, on continued strong travel demand. Top-line revenue will grow 4% to 6%, the company said, and Delta expects to generate $4 billion of free cash flow.

https://www.sfchronicle.com/business...l-14901929.php

[Pemgin]

It seems like Atlanta’s economy grew slower relative to every other large major metro except for Miami. That’s interesting because in the ground it looks like everything is going gangbusters.

[jpk1292000]

Originally Posted by Pemgin

It seems like Atlanta’s economy grew slower relative to every other large major metro except for Miami. That’s interesting because in the ground it looks like everything is going gangbusters.

Source?