NEWS.
NEWS. THAT AND MORE TODAY ON BIZ.
>> Announcer: "ATLANTA BUSINESS
CHRONICLE'S BIZ".
CHRONICLE'S BIZ". SPONSORED BY GEORGIA POWER.
>>> GOOD MORNING.
AND THANKS FOR JOINING US.
AS WE WRAP UP THE YEAR, WE WANT
TO TAKE A LOOK BACK AT SOME THE
TOP BUSINESS TRENDS, NOT JUST
OF 2019, BUT OF THE DECADE.
THE BUSINESS AND KEEP HAS
CHANGED SIGNIFICANTLY SINCE
2009.
2009.
2009. 10
2009. 10 YEARS AGO, THE NATION AND
THE METRO ATLANTA AREA WERE
COMING OUT OF THE WORST
ECONOMIC DOWNTURN SINCE THE
GREAT DEPRESSION.
GREAT DEPRESSION. ONE SECTOR OF THE ECONOMY THAT
HAS THINGS END UP IN CHANGE,
THE LOCAL HOUSING MARKET.
ALANNA HAD ONE OF THE NATION'S
HIGHEST FORECLOSURE RATES.
MANY OF THOSE HOMES ABANDONED.
FAST FORWARD TO TODAY AND IN
TOWN ATLANTA IS TEAMING WITH
NEW APARTMENT TOWERS AND
TOWNHOMES.
TOWNHOMES. BUT NEW CONSTRUCTION OF SINGLE-
FAMILY HOMES IS STILL SLUGGISH
BY COMPARISON.
BY COMPARISON. >> UNFORTUNATELY, THE COST TO
BUILD A HOME TODAY IS MOVING AT
A VERY RAPID RATE.
UPWARDS KNOW HER CLOSE TO
PEOPLE'S INCOMES, IMPACT.
SO IT IS NOT TRANSLATING OVER
TO THE SINGLE FAMILY PART OF
THE EQUATION.
THE EQUATION. >> HOME PRICES ARE WELL ABOVE
RECESSION LEVEL.
RECESSION LEVEL. IT MAY BE WORTH IT TO LIVE
CLOSE TO WORK.
HOWEVER, THE COST TO OWN OR
RENT WITHIN THE CITY LIMITS IS
FORCING SOME EXISTING RESIDENTS
UP.
UP.
UP. REPORTS SHALL BETWEEN 2011 AND
2017, AVERAGE RENTS IN THE
MENTOR AREA INCREASED 35%.
THE AVERAGE SALES PRICE ROSE
60%.
60%.
60%. IN
60%. IN JUNE, MAYOR KEISHA LANCE
BOTTOMS UNVEILED A PLAN TO ADD
20,000 WORKFORCE HOUSING UNITS.
>> WE WANT TO MAKE SURE THAT
SOMEONE MAKING MINIMUM WAGE,
THAT THEY CAN AFFORD TO LIVE IN
THE CITY IN THE SAME WAY THAT
SOMEONE WHO MAYBE MAKING
$40,000 A YEAR CAN AFFORD TO
LIVE IN THE CITY.
>> THE ATLANTA REGIONAL
COMMISSION HAS AN INTERACTIVE
WEBSITE THAT LISTS SOLUTIONS
FOR AFFORDABLE HOUSING.
IT PROVIDES STATISTICS AND
SPECIFIC STRATEGIES IN THE
REGION.
REGION.
REGION. >>> MORE COMPANIES ARE CALLING
GEORGIA HOME.
GEORGIA HOME. THIS YEAR, THE NUMBER INCREASED
TO 18.
TO 18.
TO 18. ONE NOTABLE ADDITION, BRIDGE
ROAD GIANT NORFOLK SOUTHERN.
MORE TECHNOLOGY FIRMS HAS ALSO
BEEN TAKING AN INTEREST IN THE
REGION.
REGION.
REGION. GOOGLE PLANS TO AT HUNDREDS OF
JOBS AND A NEW TOWER IN MIDTOWN.
ATLANTIC STATION HAS BEEN
LINKED TO EARLY INTEREST FROM
MICROSOFT.
MICROSOFT. TESLA IS ALSO CONSIDERING
EXPANDING THE CALL.
ATLANTA IS ALSO LOSING A
LONGTIME CORPORATE CITIZEN.
SUNTRUST BANK HAS MERGED WITH
BB&T TO FORM TRUITT.
THE NUMBER OF LARGE FIRMS
INCLUDING BLACKROCK AND GOOGLE
ARE FLOCKING TO OFFICERS AND AT
THE ATLANTA BELTLINE.
IN 2009, THAT PART OF THE PLAN
WAS JUST DIRT AND GRAVEL.
WITH DEMAND FOR MORE URBAN
STYLE LIVING IN CREATIVE
WORKSPACES, THE BELTLINE
ESTIMATES THAT BY 2030, IT
COULD ATTRACT $10 BILLION IN
PRIVATE INVESTMENT ACROSS THE
CITY.
CITY.
CITY. ATLANTA BUILD ON CEO SAYS THE
22 MILE LOOP IS MORE THAN A
SERIES OF TALES.
IT IS A JOB CREATION ENGINE.
>> RIGHT NOW, WE ARE
FORECASTING ABOUT 18,000 FROM
TO DO JOBS THAT HAVE BEEN
CREATED ALONG THE BELTLINE
CORRIDOR.
CORRIDOR.
CORRIDOR. THAT IS SIGNIFICANT.
SOMEONE IN COMMUNITY CAN
LITERALLY WALK TO A JOB THAT IS
PAYING A LIVABLE WAGE AND THAT
IS WHAT WE ARE TRYING TO DO FOR
THE BELTLINE.
THE BELTLINE. BRING THE ENTIRE SOLUTION.
>> THE TREND OF URBANIZATION
EXTENDS BEYOND THE BELTLINE, IN
2009, THE GOLD WAS A SERIES OF
PARKING LOTS AND RAILROAD
TRACKS.
TRACKS.
TRACKS. NOW, THAT AREA HAS BEEN RENAMED
CENTENNIAL YARD.
CENTENNIAL YARD. THE DEVELOPER'S GROUP IS TREND
FORMING THE 50 ACRE SITE TO
INCLUDE SHOPS, HOTELS, AND
OFFICES.
OFFICES.
OFFICES. >>> GEORGIA HOESING MORE
LIGHTS, CAMERAS, AND ACTION
FROM THE FILM SECTOR DURING THE
PAST DECADE.
PAST DECADE. THE GEORGIA ENTERTAINMENT
INDUSTRY INVESTMENT ACT KICKED
OFF IN 2008, OFFERING A 20% TAX
CREDIT.
CREDIT.
CREDIT. THAT TAX INCENTIVE HAS
ATTRACTIVE FILM MAKING
FACILITIES.
FACILITIES. TURNING OUT A SERIES OF
BLOCKBUSTERS INCLUDING THE
HIGHEST GROSSING FILM OF ALL
TIME, LAST SUMMER'S MARVELS
"AVENGERS: ENDGAME".
"AVENGERS: ENDGAME". TYLER PERRY FILLED HIS NEW
STUDIO.
STUDIO.
STUDIO. THE PROPERTY HAS 12th THAT
SOUND STAGES.
SOUND STAGES. SEVERAL MEDIA COMPANIES PUTTING
DISNEY, NETFLIX, AND
WARNERMEDIA SAID THEY WOULD
TAKE A CAUTIOUS APPROACH TO
DOING BUSINESS IN GEORGIA
BECAUSE OF THE STATE'S NEW ANTI-
ABORTION LAW.
ABORTION LAW. IN OCTOBER, A FEDERAL JUDGE
BLOCKED THE LAW FROM TAKING
EFFECT ON GENERATE FIRST.
>>> ATLANTA'S SPORTS SECTOR HAS
MADE SOME MAJOR TRADES AND
SCORED SOME SIGNIFICANT WINS
SINCE 2009.
SINCE 2009. HAWKS HOME, PHILIPS ARENA, HAS
BECOME STATE FARM ARENA.
THE BRAVES MOVED TO COBB
COUNTY.
COUNTY.
COUNTY. MEANWHILE, THE TEAM'S FORMER
HOME IS NO OWNED BY GEORGIA
STATE UNIVERSITY.
STATE UNIVERSITY. THE GEORGIA DOME IS DEMOLISHED
IN 2017, MAKING ROOM FOR THE
ATLANTA FALCONS NEW HOME,
MERCEDES-BENZ STADIUM.
MERCEDES-BENZ STADIUM. THAT IS WHERE THE CITY HOSTED
SUPER BOWL LIII EARLIER THIS
YEAR.
YEAR.
YEAR. IT
YEAR. IT IS ALSO HOME TO ONE OF
ATLANTA'S NEWEST PROFESSIONAL
SPORTS TEAMS, ATLANTA UNITED.
"FORBES" RANKS THE FIVE STRIPES
THE MOST VALUABLE MAJOR LEAGUE
SOCCER TEAM WORTH $500 MILLION.
>>> COMING UP, A SMARTER WAY TO
PARK.
PARK.
PARK. THE
PARK. THE CEO OF PARKMOBILE GIVES US
THE DOWN LOW ON HOW TO TAKE THE
HASSLE OUT OF FINDING A PARKING
SPACE.
SPACE.
SPACE. >>> AND LATER, WE FLIPPED
THROUGH THE PAGES OF TIME.
PICTURES FROM SOME THE CITY'S
MOST UNFORGETTABLE MOMENTS OF
THE PAST DECADE.
>>> BEFORE WE GO TO BREAK, IT
IS TIME FOR OUR BIZ QUIZ.
HOW MUCH MONEY DOES ATLANTA'S
GENERATE FROM PARKING TICKETS
EACH YEAR?
EACH YEAR? IS