Funds to Expand the Peachtree Corners Technology Incubator
The U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.8 million grant to the city of Peachtree Corners, Georgia, to help expand the Peachtree Corners Technology Incubator in the wake of Hurricane Irma. According to grantee estimates, the project is expected to create 143 jobs, retain 46 jobs and spur $27.5 million in private investment.
“The Trump Administration is continuing to work diligently to help rebuild
communities devastated by hurricanes and other natural disasters,” said
Secretary of Commerce Wilbur Ross. “The expansion of the Peachtree Corners
Technology Incubator will boost entrepreneurship in the region and help local
businesses grow and thrive.”
“From Lawrenceville to Savannah, Georgia has the one of the best climates
for job creation in the nation,” said Congressman Woodall. “High tech
entrepreneurs are flocking to the Seventh District because they have incredible
opportunities to build and grow their businesses. I would like to thank
President Trump and Secretary Ross for investing in Peachtree Corners. I have
seen firsthand how Peachtree Corners Technology Incubator empowers local
startups and helps them unlock their true potential. This grant will bolster an
innovative hot spot and brings Georgia entrepreneurs one step closer to a
better and brighter future.”
This investment funds the purchase the 28,000 square-foot, building that Prototype Prime is currently leasing. Eliminating the rental cost will allow Prototype Prime to better support its hardware and software startups. The Incubator will focus on start-up companies engaged in software development, gaming programs, and web applications.
This project was made possible by the regional planning efforts led by the Atlanta Regional Commission. EDA funds the Atlanta Regional Commission to bring together the public and private sectors to create an economic development road map to strengthen the regional economy, support private capital investment and create jobs.
