| Tucker Summit CID March 2021 Newsletter
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| How Community Improvement Districtsare Building the Future
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A recent report released by Georgia Tech and Lexicon Strategies found that Community Improvement Districts, like Tucker Summit, have a significant economic impact on metro Atlanta. The 34 legal CIDs operating around Atlanta had a total assessed value of $16 billion in 2019, roughly equating to $41 billion in fair market value. Georgia CIDs levied an estimated $875 million in total tax assessments between 1988 and 2019 that went to improve infrastructure, transportation, security and beautification.
The study showed that CIDs help propel cities into the future through innovation and by having clear goals regarding infrastructure improvements. In fact, nearly 75% of a CID’s annual budget is typically allotted to capital projects, programs, services and planning to improve infrastructure.
“CIDs are a powerful tool used by commercial property owners as a means to protect and grow real estate investments. CIDs allow the private sector to improve the public realm and public infrastructure through efforts typically under the purview of governmental entities,” the study stated.
Learn more about the CID study in this Atlanta Business Chronicle article.
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| Georgia Furniture Mart Gives Back to the Community
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TSCID member Georgia Furniture Mart recently announced its Give Back campaign to make sure every woman and child throughout metro Atlanta has a place to call home. Their mission to end homelessness includes supporting Atlanta Mission and Restoration House project, which provides innovative, low-barrier shelter for women and children.
We’re so proud to have successful and philanthropic businesses in our district. Learn more about the program here.
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| Get to Know the District’s Businesses
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TSCID is pleased to highlight some of the district’s prospering businesses!
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Lindner Group, Europe’s leading company for the building envelope, interior design/finishes, construction and insulation, has its U.S. location in TSCID. Through GATc’s international “incubator,” which provides custom solutions for foreign businesses entering the U.S. market, the Lindner Group’s incubation has been a huge success. In fact, the German-based company recently acquired 40,500 square feet at 4661 Hammermill Road and anticipates completing the necessary repairs and renovation to move in by June. Lindner worked diligently with the City of Tucker to find a permanent location within the district and we couldn’t be more excited.
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The sonnen, Inc. InnovationHub, located at 1578 Litton Drive, serves as the U.S. headquarters for the German-based organization that focuses on clean, reliable and affordable energy solutions.
sonnen builds innovative home batteries known as the “ iphone of batteries,” that use long-lasting and recyclable lithium iron phosphate battery technology to reliably and safely power individual homes – day, night and even when the grid goes down. Beyond single-family customers, the company also is an innovator in clean energy virtual power plant projects around the U.S. and the world – helping reduce CO2 emissions and support a smarter, cleaner and more flexible electricity grid. Their Tucker location gives them convenient access to metro Atlanta’s thoroughfares to efficiently serve their customers. In March 2019, sonnen became a wholly-owned subsidiary of Shell in its Renewables and Energy Solutions division.
TSCID is the place to locate a high-quality business that wishes to thrive!
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| Blog: Commercial Real Estate Update
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Atlanta has seen a tech boom over the past few years and has earned the nickname, “Silicon Valley of the South.” Announcements by Facebook, Google and most recently Microsoft’s move to Midtown Atlanta and a large campus planned for 90 acres on Atlanta’s Westside, make the nickname a reality. This tech surge is helping to ignite metro Atlanta’s economy in the wake of the pandemic. Tech leaders agree that Atlanta’s diverse population combined with its local start-up scene and the ability to recruit from prominent schools are factors that were not considered during the Silicon Valley boom, which is experiencing a corporate exodus.
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Tucker Summit CID is poised to capitalize on this tech boom given its flexible space options, proximity to great schools and higher education institutions and its unprecedented access to major thoroughfares.
As the pandemic continues to slow, TSCID believes now is the time to consider a relocation or remodel of space to give employees the opportunity to work closer to home, avoid crowded high-rise office buildings and have the ability to distance. The office and industrial options within the district are perfect for that model.
Considering a move? Now is the time to relocate and build a business in our district.
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| Tucker SPLOST Road Resurfacing Ribbon-Cutting
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It’s going to be smooth driving as the City of Tucker kicked off the 2021 SPLOST-funded Road Resurfacing campaign on March 11! Between now and the fall, 62 of the City’s most poorly conditioned roads will get repaved in the $4 million project.
Learn more about the resurfacing in this Atlanta Journal-Constitution article here and watch the ribbon-cutting video here.
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TSCID is home to numerous companies focused on logistics. The following is a compilation of stories to provide an update on supply chain and logistics issues for our readers.
- When the pandemic struck last year, consumers made a hard shift to e-commerce by ordering more products online than ever before. Unfortunately, pandemic buying behavior has snarled the trade network causing gridlocks at sea and chaos ashore, according to this recent Atlanta Business Chronicle article.
- Cold storage is hot right now! Online grocery shopping increased as an effect of the pandemic, upending food supply chains creating a greater demand for cold-storage facilities. In addition, the need to keep certain vaccines at low temperatures has also affected the market. In fact, Lineage Logistics LLC, the largest refrigerated storage company, raised $1.9 billion in funding for additional acquisitions, building new facilities and upgrading warehouse automation technology.
- Americold Realty Trust, an Atlanta-based cold-storage real estate investment trust, closed $2.6 billion in acquisitions in 2020 generating $1.99 billion in revenue, up 11.4% from the previous year.
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| TSCID Project News and Updates
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Hugh Howell Marketplace Update
Want to get your turkey at a new Publix this year? Branch Properties’ Hugh Howell Marketplace is making great progress on construction and is on track to open its new Hugh Howell Road location at Mountain Industrial Boulevard by this Thanksgiving. The 89,510 square foot shopping center will also include a curated array of national, regional and local shop tenants in the district’s primary arterial roads.
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Amplio Recruiting Provides DeKalb County with Skilled Labor
As we emerge from the pandemic, businesses in Tucker may be looking to hire more employees. If you’re hiring, Amplio Recruiting is DeKalb County’s best-kept secret in skilled workforce. Candidates are hardworking, documented refugees from the Refugee Workforce — and Tucker businesses that have hired Amplio candidates have seen an 80% decrease in turnover.
Amplio Recruiting, with offices off North Druid Hills and Church Street, has placed more than 5,000 dependable employees with more than 300 factories and warehouses across the Atlanta metro area over the past seven years.
Contact Chris Chancey for more information on Amplio recruits.
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State of DeKalb County Recap
DeKalb County CEO Michael Thurmond took the opportunity during the February 24 State of DeKalb County Address to thank the first responders and frontline healthcare workers for their efforts during the COVID-19 pandemic.
Thurmond urged everyone to stay vigilant and to keep going as the community will survive and come out stronger on the other side.
“At this time, what will fuel us, what will fortify us, what will make us strong and successful, is that we have to love the people that have lifted us up,” Thurmond said. “That is my message, that is my commitment.”
The entire event with Thurmond’s message and dedication videos is available to view on the TSCID website.
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DeKalb County COVID-19 Vaccine Updates
Earlier this month, the DeKalb County Board of Health announced a transition to a new vaccine appointment system. Those with existing vaccination appointments will receive a new appointment confirmation email. Read more about the DeKalb vaccine appointment system in this Decaturish article.
Governor Brian Kemp recently announced the expansion of vaccination qualification for the current phase of distribution to those 55+ and those with high-risk conditions. All remaining adults will become eligible in April.
Pre-register and get notified for COVID-19 vaccine availability in your area at myvaccinegeorgia.com or call the new vaccine scheduling hotline at 888.457.0186.
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