ATLANTA (AP) – Economic development officials in Atlanta are hoping a new project can lure new businesses downtown by making the area’s buildings more energy efficient.
The Atlanta Journal-Constitution reports (http://bit.ly/a1eK ) that the board of Invest Atlanta, the city’s economic development arm, on Thursday approved a plan to upgrade the buildings that
would house new businesses.
The plan calls for using up to $8 million in funding from the Westside tax allocation district to help building owners conduct energy audits or retrofit structures, especially offices that struggle with vacancies.
Invest Atlanta, formerly the Atlanta Development Authority, would pay as much as 40 percent of the cost of the work, with the landlord footing the rest of the bill.