In a recent government meeting, officials announced significant advancements in local economic development, highlighting a $25 million investment from a major advanced manufacturing company that is expected to create 120 to 150 new jobs in the area. This company will be located in the local industrial park, marking a substantial boost to the region's employment landscape.
Additionally, the inaugural year of the Small Business Development Grant Program was celebrated, with 32 grants awarded totaling $441,784. These grants provided essential support for small businesses, including capital improvements, payroll assistance, and relocation aid. Officials noted that the program has revealed valuable insights into the needs of local businesses, prompting plans for a more extensive annual program moving forward.
The meeting also addressed the completion of an updated Economic Development Strategic Plan, which will guide local initiatives over the next five years. This comprehensive plan, developed through public involvement and data analysis, aims to inform future goals and objectives based on community and business feedback.
Moreover, the launch of the LCI Gateway study, funded by a $250,000 grant from the Atlanta Regional Commission, aims to enhance connectivity and pedestrian mobility in the downtown area. Recent data indicated a notable increase in pedestrian traffic, with an average of 3,586 pedestrians recorded in April, reflecting growing activity in the downtown region.
Plans for an education campus expansion were also unveiled, which will include residential development aimed at addressing the need for affordable housing for middle-income families. This initiative aligns with the broader goals outlined in the LCI Gateway project.
Lastly, the meeting highlighted the success of the 2024 Fairburn Third Fridays concert series, which has showcased over 162 small businesses and attracted record crowds, with attendance rising from 500-800 to approximately 2,000 per concert. This event has become a vital platform for local businesses and community engagement.