Atlanta Economic Development Thread

[Pemgin]

Originally Posted by jpk1292000

Source?

The BEA data tables let you compare year over year changes in GDP for every metro. From 2017 to 2018, most of the top metros gained like $30B or more. Atlanta gained half of that.

[jpk1292000]

Originally Posted by Pemgin

The BEA data tables let you compare year over year changes in GDP for every metro. From 2017 to 2018, most of the top metros gained like $30B or more. Atlanta gained half of that.

I saw this data:

2013-2018 Metro Area(MSA) GDP Growth:
+$332.642B New York +23.10%
+$227.308B Los Angeles +27.70%
+$165.369B San Francisco +43.14%
+$117.882B Dallas +29.87%
+$115.532B San Jose +53.61%
+$111.800B Chicago +19.35%
+$107.778B Seattle +37.91%
+$97.900B Boston +26.77%
+$97.343B Atlanta +32.45%
+$92.619B Washington +20.67%
+$69.674B Philadelphia +18.60%
+$83.263B Miami +30.67%
+$57.268B Phoenix +28.93%
+$55.012B Houston +12.98%
+$53.627B San Diego +28.00%
+$51.840B Denver +34.03%
+$50 538 Minneapolis +23.60%
+$47.886B Detroit +21.78%
+$46.783B Riverside +33.33%
+$35.070B Baltimore +20.59%

Read more: http://www.city-data.com/forum/city-vs-city/3110148-12-12-19-2018-gdp-metro-5.html#ixzz67zyVTqe3

[tturner39]

Pulled this together real quick to kind of give a visual. Not sure if I posted the image right...

https://imgur.com/a/MiQ72YU

[Street Advocate]

Originally Posted by tturner39

Pulled this together real quick to kind of give a visual. Not sure if I posted the image right...

Updated

[tturner39]

Noticed I left out Houston, so I updated the image... sorry to all the Houstonians out there

[Ric 0_0]

Originally Posted by tturner39

Pulled this together real quick to kind of give a visual. Not sure if I posted the image right...

https://imgur.com/a/MiQ72YU

Nicely done... it's nice to see that Atlanta has kept on growing its economy. It was slightly behind Dallas for overall growth, but I was surprised to see Atlanta had higher growth than Houston. I guess that because Houston shrank with the oil crisis.

[Ric 0_0]

Indianapolis-based tech company Sigstr is under new ownership. The email signature marketing platform has been acquired by Georgia-based Terminus, though financial terms of the deal were not disclosed. As a result of the deal, all Sigstr employees will join the Terminus team and Sigstr Chief Executive Officer Bryan Wade will join the executive team at Terminus.

Terminus is an account-based marketing platform headquartered in Atlanta. In a news release, the company said it plans to maintain and grow its presence in both the Atlanta and Indianapolis markets, which it describes as high-growth technology hubs.

https://www.insideindianabusiness.com/story/41459669/sigstr-acquired-by-atlanta-company

[Ric 0_0]

The ambitious Atlanta-based asset manager announced its acquisition of the old-line Bedford, N.H., rebalancing software firm on Dec. 11. It declined to name the price and terms.

The RedBlack acquisition adds an estimated $350 billion in assets-under-rebalancing from 160 RIAs, family offices, pension funds, broker-dealers and other financial institutions that use its software. Invesco, also bought Boston-based portfolio management system Portfolio Pathway in August.

Compared to RedBlack, Portfolio Pathway was a small acquisition, with its estimated $34 billion in assets and 800,000 investor accounts. It also acquired NYC-based Oppenheimer Funds from Massachusetts Mutual Life Insurance in May.

It fired 12% of Oppenheimer's workforce in October, a move Invesco president and CEO Martin Flanagan called "uncomfortable." On Nov. 10, the Financial Times reported that Oppenheimer topped a "worst-selling league table" and was bleeding $1 billion a week in fund outflows.

Invesco, which manages $1.2 trillion, and employs 8,000 in 25 offices worldwide also bought IntelliFlo, an analytics vendor, in 2018 -- making it a full-fledged RIA software roll-up.

https://riabiz.com/a/2019/12/16/feasting...-billion-of-aua-added-to-jemstep-holding

[smArTaLlone]

https://www.ajc.com/business/employment/...tched-record-low/X9HXIoEW8ASHH7kiauBrxK/

The unemployment rate for Metro Atlanta last month dropped to 2.6%, as low as the rate has been since the government started keeping track in 1976, the Georgia Labor Department said Thursday.

The jobless rate for the region improved from an already-low 2.9% in October to equal the all-time lows set in late 2000 at the end of the tech and telecom boom.

[atlwarrior]

https://www.bizjournals.com/atlanta/news/2019/12/26/top-stories-of-2019-commercial-real-estate.html

"Midtown emerges as powerful Southeast tech hub. Alphabet Inc.’s Google (Nasdaq: GOOG) announced a major expansion of its Atlanta office that will put hundreds of workers on the top floors of a new Midtown tower. Microsoft began ramping up hiring in Midtown, taking an entire mid-rise building, as a larger expansion loomed. Tesla Motors was said to be looking in Midtown for new office space. And Georgia Tech, with its powerful engineering school, fueled the expansion of Tech Square. All of it came together to make Atlanta an new outpost for Silicon Valley. "Amazon’s HQ2 search actually helped Atlanta a lot because it was a top 5 finalist on almost anybody’s list," said Portman Holdings’ Travis Garland. "A lot of companies besides Amazon are starting to see everything that Atlanta has going for it.”

[bigstick]

Originally Posted by atlwarrior

https://www.bizjournals.com/atlanta/news/2019/12/26/top-stories-of-2019-commercial-real-estate.html

"Midtown emerges as powerful Southeast tech hub. Alphabet Inc.’s Google (Nasdaq: GOOG) announced a major expansion of its Atlanta office that will put hundreds of workers on the top floors of a new Midtown tower. Microsoft began ramping up hiring in Midtown, taking an entire mid-rise building, as a larger expansion loomed. Tesla Motors was said to be looking in Midtown for new office space. And Georgia Tech, with its powerful engineering school, fueled the expansion of Tech Square. All of it came together to make Atlanta an new outpost for Silicon Valley. "Amazon’s HQ2 search actually helped Atlanta a lot because it was a top 5 finalist on almost anybody’s list," said Portman Holdings’ Travis Garland. "A lot of companies besides Amazon are starting to see everything that Atlanta has going for it.”

Yes, it is Amazon's loss.

[Libertarian]

We dodged that bullet.

[ATLMidcity]

Originally Posted by atlwarrior

https://www.bizjournals.com/atlanta/news/2019/12/26/top-stories-of-2019-commercial-real-estate.html

"Midtown emerges as powerful Southeast tech hub. Alphabet Inc.’s Google (Nasdaq: GOOG) announced a major expansion of its Atlanta office that will put hundreds of workers on the top floors of a new Midtown tower. Microsoft began ramping up hiring in Midtown, taking an entire mid-rise building, as a larger expansion loomed. Tesla Motors was said to be looking in Midtown for new office space. And Georgia Tech, with its powerful engineering school, fueled the expansion of Tech Square. All of it came together to make Atlanta an new outpost for Silicon Valley. "Amazon’s HQ2 search actually helped Atlanta a lot because it was a top 5 finalist on almost anybody’s list," said Portman Holdings’ Travis Garland. "A lot of companies besides Amazon are starting to see everything that Atlanta has going for it.”

Microsoft is going into which building? And, which building's top floors are being occupied by Alphabet Inc's Google? Thx

[Buck]

I heard Microsoft was going into the renovated Campanile...

[atlantaguy]

Originally Posted by Buck

I heard Microsoft was going into the renovated Campanile...

I'm hearing they're eyeing Atlantic Yards very closely...perhaps the entire building.

[atlantaguy]

Originally Posted by ATLMidcity

And, which building's top floors are being occupied by Alphabet Inc's Google? Thx

1105 West Peachtree

[atlHawks]

Originally Posted by atlantaguy

I'm hearing they're eyeing Atlantic Yards very closely...perhaps the entire building.

Yeap, this is what is being reported.

[Ric 0_0]

Law firm software provider Aderant has acquired Sewickley-based Bellefield Systems, a software company that helps lawyers recover more billable time and grow revenue. The acquisition is a continuation of the Atlanta company’s commitment to cloud solutions for law firms and the growing market for compliance with outside counsel guidelines. It further broadens Aderant’s solutions and expands its ability to support law firms regardless of their practice management solution.

Aderant operates as a unit of Roper Technologies, a constituent of the S&P 500, Fortune 1000 and the Russell 1000 indices.

https://www.smartbusinessdealmakers.com/articles/topic/aderant-buys-bellefield-systems/

[Ric 0_0]

NCR Corporation (NYSE: NCR), a global enterprise technology company for the retail, hospitality and banking industries, today announced the acquisition of U.K.-based Zynstra, a provider of edge virtualization technology.

“This acquisition is another demonstration of our strategy to acquire new companies to enhance product capabilities and extend our leadership in the vertical industries we serve,” said NCR President and Chief Executive Officer Michael D. Hayford. “The addition of Zynstra’s virtualization technology to our software stack gives NCR even more solutions to help our customers run their store or restaurant end-to-end.”

NCR purchased Zynstra for approximately 100 Million British Pound Sterling. The acquisition is expected to be slightly dilutive to earnings per share in 2020.

https://www.businesswire.com/news/home/2...-Edge-Virtualization-Technology-Provider

[Ric 0_0]

ATLANTA--(BUSINESS WIRE)--Newell Brands Inc. (NASDAQ: NWL) announced today that it has completed the sale of The United States Playing Card Company (“USPC”) to Cartamundi Group. USPC, based in Erlanger, KY is the leader in the production and distribution of premier brands of playing cards, including BICYCLE®, BEE®, AVIATOR®, HOYLE®, and FOURNIER®. This transaction marks the conclusion of the Accelerated Transformation Plan that the company had initiated in January 2018.

https://www.businesswire.com/news/home/2...pletes-Divestiture-United-States-Playing