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City of Peachtree Corners Receives Excellence in Economic Development Award

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The City of Peachtree Corners won a gold category award for its Town Center project in the category of Public-Private Partnerships of the International Economic Development Council (IEDC). The honor was presented on Oct. 30, 2020 at an awards ceremony during the IEDC Annual Conference.

IEDC’s Excellence in Economic Development Awards recognize the world’s best economic development programs and partnerships, marketing materials, and the year’s most influential leaders. Thirty-five award categories honor organizations and individuals for their efforts in creating positive change in urban, suburban, and rural communities. Awards are judged by a diverse panel of economic and community developers from around the world, following a nomination process held earlier this year. IEDC received over 500 submissions from 4 countries.

The City of Peachtree Corners completed a 21-acre Town Center on Peachtree Parkway in 2019, creating a city center and a strong economic driver. Construction of the Town Center stems from the city’s 2013 Comprehensive Planning process, during which residents expressed a desire for a place to gather. At that time, the city was newly incorporated. Citizens wanted appropriate land use, greater walkability and an improved sense of community.

“The Town Center was the community’s first priority and greatest wish after Peachtree Corners became a city,” said Peachtree Corners Community Development Director, Diana Wheeler. “The realization of this project now stands as a testament to the hard work and commitment of citizens who wanted to give this new city a special place to make wonderful, shared memories now and for generations to come.”

A 10-year bond was floated to purchase the property. Opened on April 27, 2019, the Town Center consists of 18,570 square feet of retail space, 51,000 square feet of restaurant space, a dinner theater, 74 townhomes, and a 2-acre Town Green.

With the creation of 28 new businesses at the Town Center, there were more than 210 temporary jobs created in trades such as construction, design and engineering. There were 528 permanent jobs created at the new retail businesses and restaurants, with $16.4 million in expected annual sales and $1.3 million in anticipated annual sales tax revenue.

The city invested $19 million of the total $80 million project.

“The winners of IEDC’s Excellence in Economic Development awards represent the very best of economic development and exemplify the ingenuity, integrity, and leadership that our profession strives for each and every day”, said 2020 IEDC Board Chair and One Columbus CEO Kenny McDonald. “We’re honored to recognize the more than 100 communities whose marketing campaigns, projects and partnerships have measurably improved regional quality of life.”

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American Rescue Funds coming to small businesses

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small business administration

The American Rescue Plan Act (ARPA) is providing additional relief for the nation’s small businesses and hard-hit industries. Applications for funding are currently being accepted by the Small Business Administration (SBA). Shuttered venues, like movie theaters, as well as restaurants, may be eligible for grants through the SBA. There is also another round of Paycheck Protection Program (PPP) funding and Economic Injury Disaster Loans (EIDL).  In a separate measure, ARPA funds are expected to trickle down through the state of Georgia to local municipalities around July 1. The monies will be disseminated in two allocations, with the second coming 12 months after the first. Peachtree Corners is planning to offer another small business assistance grant program. Specific details are currently being finalized. For more information about the American Rescue Plan Act of 2021, visit sba.gov

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City in line for positive retail growth and activity: From the Mayor’s Desk April 2021

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ptc town center
Peachtree Corners Town Center, photo courtesy of its Facebook page.

From the Mayor’s Desk                                                                            April 2021

Over the last year we have all seen how retail has been directly impacted by COVID-19. The pandemic acted as a closure catalyst for those retail and restaurant brands already struggling and put others at risk that run on thin margins. With that said, it is not all doom and gloom.

Peachtree Corners is fortunate to have two lifestyle centers in The Forum and Town Center along with other power centers anchored by Publix, Target, ALDI, and LA Fitness among others.

Categories like grocery, home improvement, general merchandise, pet supplies, and fast food all showed strong sales figures over the last 12 months. People were at home doing more DIY projects and buying more groceries to eat at home with their families. Take it from these headlines “Store openings are outpacing closures in 2020: Coresight”, “Retailers Now Opening More Stores Than They’re Closing”, and CNBC’s “Rent is Cheap, vacant space is everywhere: Retails seize the moment to open stores.”

Some property owners weathered the storm better than others. Take Bayer Properties, the Forum’s leasing and property management firm, for instance. Instead of taking below market rents and short-term leases during 2020, Bayer held out for stronger, higher-credit brands that will strengthen the center and give it long-term staying power which benefits Peachtree Corners.  They could have easily signed a tenant at a lower rent to fill vacancies, but that would have had an overall negative impact to the health of the center. Bayer has done a great job at looking long-term while simultaneously riding out the pandemic.

Retailers put a pause on new store openings and many struggled to get their product as manufacturing and shipping came to a halt. With that said, the 2020 pipeline of new stores was pushed to this year while many tenant reps are being tasked as we speak to add new markets and spaces to the 2022-2023 pipeline. Peachtree Corners is well-positioned with the current real estate available to take advantage of the new brands looking to expand in metro Atlanta.

Retail is constantly changing and the brands that adapt will thrive. So, as we work to stay on top of the ever-changing trends, Peachtree Corners will be well represented as restaurants and retail make their comeback.

-Mayor Mike Mason

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“Heroes Wanted: Why the world needs YOU to live your heart out” author speaks at May 7 SWGC Breakfast

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Southwest Gwinnett Chamber of Commerce First Friday Breakfast- May

Building Bridges… Connecting Businesses and Communities

About the speaker: Rodney Bullard

Vice President, Corporate Social Responsibility- Chick-fil-A, Inc. and Executive Director, Chick-fil-A Foundation

Rodney leads the company’s corporate community and philanthropic strategy, which is focused on fostering youth and furthering education.  Prior to Chick-fil-A, Rodney served as an Assistant United States Attorney prosecuting complex criminal cases.  For his service, the United States Attorney General presented him with, one of the Department of Justice’s highest honors, the Director’s Award. Prior to this role, Rodney was selected as a White House Fellow, the nation’s most prestigious public service Fellowship.  As a White House Fellow, Rodney was placed at NASA working directly for the NASA Administrator.  A decorated veteran, Rodney also served in the United States Air Force Judge Advocate General Corps eventually working at the Pentagon as a Congressional Legislative Liaison in the Office of the Secretary of the Air Force.
 
Rodney is a an alumnus of the United States Air Force Academy, Duke University School of Law, the University of Georgia’s Terry School of Business and the Harvard Business School’s Advanced Management Program.  

Rodney currently serves on several national and local boards of directors to include: the Salvation Army National Advisory Board of Directors, the University Of Georgia Terry School Of Business Board of Directors, the Junior Achievement USA National Board of Directors, the Professional Association of Georgia Educators (PAGE) Foundation Board of Directors, The National Fellowship of Christian Athletes Board of Directors, and the Leadership Atlanta Board of Directors.  

A few of Rodney’s recent recognitions include: Recognition by the Atlanta Business Chronicle as one of Georgia’s top young Business Leaders for 2013; by the Atlanta Business League as one of the 2013 Men of Influence; The University of Georgia’s 2013 listing of the 40 alumni leaders under the age of 40; The Georgia Trend Magazine’s 2011 listing of the 40 Best and Brightest Leaders Under 40; Leadership Atlanta; Leadership Georgia; and, as one of 10 Outstanding Young Leaders in Atlanta for 2010. 

Location: Atlanta Tech Park 107 Technology Parkway Peachtree Corners, GA 30092

Date/Time Information: Friday, May 7

7:30- 8:00 AM – Networking

8:00- 9:00 AM – Breakfast and Speaker

Fees/Admission:
Includes a Breakfast Sandwich, Coffee & Juice

Register Prior to noon Thursday, May 6 to reserve your seat. $15  Members, $20  Non – Members 

Seating capacity will be limited. We will NOT be able to accommodate walkups and we will NOT be doing an online presentation of this event. When registering for this event please note if you are vegetarian to provide the appropriate quantities and selections for all attendees.

Cancellation Policy: You can cancel with a full refund by Wednesday noon May 5.  After that date no refunds will be given, but substitution of an attendee is allowed if you are not able to attend the day of the event.

Source: Southwest Gwinnett Chamber of Commerce

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