Economic Development Manager
Interview with Adam Jones-Kelley, President of Conway, Inc.
Interview with James P. Cate, Managing Principal and Founder of Glenfield Capital.
Interview with Ron Osterloh, Senior Vice President at POND.
The city of Peachtree Corners is vibrant and growing, with leadership focused on well-conceived, strategic development sure to generate business interest and inspire future expansion.
Read the city's 2017-2022 Economic Development Plan and click the links below to learn why over 2,300 businesses call Peachtree Corners home.
As Gwinnett County’s largest city, Peachtree Corners is a regional technology hub about 30 minutes north of Atlanta. The city is vibrant and growing, with leadership focused on comprehensive, well-conceived planning and meaningful development.
One unique aspect of conducting business in Peachtree Corners is the low cost. There is a zero millage rate in Peachtree Corners which means no municipal property taxes — either for commercial or residential property. No other city in the metro Atlanta area can make this claim.
Easy access to I-85 and a short drive to the world’s busiest airport, Hartsfield-Jackson Atlanta International, make Peachtree Corners especially attractive to international companies, corporations and small businesses. Many occupy Technology Park/Atlanta, a campus of low-rise office buildings nestled in a wooded, 500 acre parcel between two major thoroughfares.
In addition to the 40,000 people who call Peachtree Corners home, the city is the headquarters of numerous technology and life sciences companies including IT services company 5Q Partners, and the transdermal research and development company, 4P Therapeutics. It is also the regional headquarters of large, national and international companies including Comcast, Level 3 and United Arab Shipping Company.
As a new city, Peachtree Corners is alive with activity and momentum. In the next few years, a new mixed use town center will open on Peachtree Parkway, new housing options will emerge and additional parks and trails will be created. While the downtown business center is bustling, the waters of the Chattahoochee on Peachtree Corners’ northern boundary provide a place to unwind and rejuvenate the soul.
|Hispanic or Latino||17|
|Two or more races||2.9|
|Families with children||38.7|
|(U.S. Census 2014 population estimate)|
1. No Millage Rate
In surrounding metro cities, a commercial property (business) assessed at $1,000,000 pays annually city property taxes of:
- $11,580 in Decatur (11.580 mills)
- $10,250 in City of Atlanta (10.250 mills)
- $8,750 in Doraville (8.750 mills)
- $6,003 in Norcross (6.003 mills)
- $5,991 in Duluth ( 5.991 mills)
- $0 in Peachtree Corners
2. Great Schools
- In 2012, Simpson Elementary students scored second highest in Gwinnett County on CRCT and ITBS tests.
- At Wesleyan, 34 percent of the class of 2013 was recognized by the College Board as AP Scholars, compared with 19 percent nationwide.
3. Excellent Amenities
- Access to the Chattahoochee River at Jones Bridge Park, Holcomb Bridge Park, and Simpsonwood Park.
- Great shopping at the Forum, a regional outdoor shopping center.
- 122 Restaurants, 13 hotels.
4. Robust Home Values
- The median home value in Peachtree Corners is $273,000, 63 percent higher than Gwinnett County ($167,000) and 84 percent higher than Georgia ($148,000).
5. Affluent Community
- Median income is $63,431, which is 5 percent higher than Gwinnett County ($60,329).
- More than 13 percent of households earns $100,000 or more.
6. Educated Workforce
- More than 33 percent of people age 25 and over have a college degree, as compared to 23 percent in Gwinnett County and 18 percent in Georgia.
- Nearly 23 percent of the workforce is employed in some type of professional or financial field.
7. Committed Leadership
- Purchase of 20.6 acres of land to construct a Town Center.
- Contribution to parkland to preserve a 230-acre natural habitat and conservation area on the Chattahoochee River. Financial commitment to a Comprehensive Land Use Plan, Town Center Plan, Multi-Use Trail system, Holcomb Bridge Road improvements, and Winters Chapel Road upgrades.
8. A City in Great Financial Shape
- From the very first year of operations, the fiscally conservative City Council adopted a balanced budget that included money in reserves, yet imposed no property taxes on homeowners and businesses.
9. A Record of Success in the First Five Years
- The city was established in 2012. Staff was hired and boards and commissions were appointed to handle the city’s day-to-day operations.
- Agreements were put in place with Gwinnett County to provide essential services such as police, fire and emergency response.
- A municipal court was established, a judge was appointed, and dozens of cases have been adjudicated.
- Sanitation services were transferred from the county and new, improved terms were negotiated at lower rates for citizens, including a recycling program.
- The city now has improved roadway conditions and regular maintenance.
- Peachtree Corners has become a Certified City of Ethics, A Certified Green Community, and a Tree City USA.
10. A High Energy, Focused Vision for the Future
- As a new city, Peachtree Corners is generating a lot of activity and creating momentum toward accomplishing its objective of becoming an innovative and remarkable community. In the next few years, the city will have a Town Center, a reimagined Holcomb Bridge Road Corridor, a new park on the Chattahoochee River, more housing within existing office areas, revitalized shopping centers at key locations, and enhanced amenities including a multiuse trail that loops through the city.
Norcross High School
As the top International Baccalaureate school in the state of Georgia, Norcross High School provides a world-class education to students, balancing rigorous academics with excellence in athletics and fine arts. Norcross High School began offering the prestigious International Baccalaureate program in 1999 and this highly rigorous curriculum now serves over one-third of the student population.
In February 2016, the Georgia Gwinnett high schools as AP Honor Schools. They were among 272 schools from across the state to make the list. Norcross High School made the list in five of six categories. According to Gwinnett County Public Schools, 14,815 students took 28,620 AP exams in 2016 with more than 60 percent scoring a 3.0 or higher to earn college credit or advanced placement.
The 440-square-foot building opened in 2001 with a student population of 2,400 students who live in the attendance area bordered by Peachtree Corners on the west and Beaver Ruin and I-85 on the east.
Duluth High School
Duluth High School was acknowledged by the Georgia Department of Education as a 2103 Advanced Placement (AP) Honor School in three categories—AP Merit, STEM and AP STEM Achievement.
Enrollment is approximately 2,720 students, with roughly 33 percent enrolled in AP courses. More than 27 percent of students graduate with honors.
US News and World Report has ranked Duluth High School in the top 50 public high schools in Georgia, with students exceeding the state and national averages for SAT and ACT scores.
Peachtree Elementary School
Peachtree Elementary enrolls 1,600 students in grades K-5. The school has received numerous awards at the national, state, and local levels. In addition to being selected as a U.S. Department of Education Blue Ribbon School, Peachtree Elementary is a 2-time winner of both the Georgia School of Excellence and Georgia Pay for Performance Awards. Peachtree has received the Distinguished Title 1 School award for eight consecutive years and is an International Baccalaureate School.
Simpson Elementary School
Simpson Elementary enrolls 1,000 students and has consistently held high scores on local, state and standardized tests. In 2005, Simpson was one of three elementary schools in Gwinnett County to receive the State of Georgia’s highest award – the Platinum Award for Excellence in achievement on the state assessment. Since then, the school has received the Platinum Award six years in a row. In 2010, Simpson was named a Georgia School of Excellence. Sixty-three percent of the staff holds a master’s degree or higher.
Pinckneyville Middle School
Pinckneyville Middle enrolls 1,100 students and has been named a Georgia School of Excellence and a National Blue Ribbon School. For six years Pinckneyville has earned the State Department of Education Pay for Performance Grant. Pinckneyville students continually earn top honors in academic and fine arts competitions and the school has one of the highest gifted student populations in Gwinnett County. In order to provide a rigorous academic curriculum and to take advantage of the rich mixture of cultures, Pinckneyville implemented the International Baccalaureate Program in 2004. Pinckneyville students have the unique opportunity to take three years of a foreign language in middle school.
Ivy Preparatory Academy School
Ivy Prep, a single-gender charter school, has three campuses, including one in Peachtree Corners. The location in Peachtree Corners is an all-girls, college-prep school serving grades six through eight. The school, which enrolls about 400 students in Peachtree Corners, is a tuition-free public school with admission determined by lottery if demand exceeds available seats.
The Wesleyan School, located on an 85-acre campus, is a K-12 Christian college preparatory school with 1,132 students. Of the 138 faculty members, 70 percent have advanced degrees. The high school has 430 students, and is a member of the Georgia High School Association, competing in the AA classification. Student-teacher ratios are between 7:1 and 9:1.
Cornerstone Christian School
The Cornerstone Christian School serves students in kindergarten through eighth grade. Cornerstone firmly believes that the total learning experience must be rooted not just in a rigorous math and science curriculum, but also in the development of writing skills and analytical thinking. The school was voted the best private middle school by Inside Gwinnett Magazine.Collapse
Multi-Use Trail System
The city is in the process of creating a multi-use trail system that will encircle the city and run directly through Technology Park. By linking Technology Park to residential and retail areas through the use of a multi-use trail, there are increased opportunities for walking or bicycling to work. The first phase will enable alternative travel between Peachtree Parkway and Medlock Bridge Road. By adding a multi-use trail, the city will build a healthier, more livable community and spur greater diversity in housing, while increasing connectivity to bus stops and businesses. In the long term, a continuous trail loop through the city will be similar to the Atlanta Beltline and will further enhance commuting options. The city is working with Colonial Pipeline on this project.
In November 2015, the city adopted a Trails and Open Space Preservation Ordinance providing an incentive for private land owners to donate property to the multi-use trail system. Under the ordinance, density credits are traded for trail land donations.
Gwinnett County Parks
One of the many benefits to living or working in Peachtree Corners is the award-winning park system. There are four Gwinnett County Parks in the city: Simpsonwood, Jones Bridge, Pinkneyville, and Holcomb Bridge Road, with a total acreage of 489. There are miles of walking trails along the Chattahoochee River, boat launches, athletic fields, as well as outdoor space for special events. The Gwinnett County Parks and Recreation Department offers a variety of recreational classes, adult and youth athletic programs, summer day camps, art classes, and senior recreational programs.
According to a 2012 survey conducted by the A.L. Burruss Institute of Public Service and Research, the vast majority of Gwinnett County adults utilize the park system. Most respondents indicated they were satisfied with park services, and respondents of all ages indicated their favorite activity was walking.
Three units of the Chattahoochee River National Recreation Area, part of the National Park Service system, are located in Peachtree Corners; the Medlock Bridge National Recreation area, Holcomb Bridge Park, and Jones Bridge Park. Popular with anglers, the Chattahoochee River is stocked with both rainbow and brown trout.Collapse
In 2013, the city adopted a Comprehensive Plan for the next 20 years. The impetus for the Livable Centers Initiative (LCI) study came from the Comprehensive Plan. In 2014, the city applied for, and was awarded, an LCI grant through the Atlanta Regional Commission to conduct a planning study for its Town Center, which will include restaurants, retail shops, office space, townhomes and a town green area. The city is partnering with Atlanta-based Fuqua Development on the 20-acre project, which is moving forward.
In early 2017 the Peachtree Corners City Council approved an $11.5 million bond resolution to pay the city’s portion of the construction cost. The transportation portion of the project will ultimately be funded by Special Purpose Local Option Sales Tax (SPLOST) dollars.
Holcomb Bridge Road Redevelopment
The city is working to redevelop the Holcomb Bridge Road corridor. More than 25 percent of city residents currently reside in the Holcomb Bridge Road area and the vast majority are renters, living in structures constructed between 1975 and 1985.
A focus of the Holcomb Bridge Road Redevelopment project is to create diversity in housing along the corridor and provide more residential options to workers employed in Technology Park and elsewhere in the city. Such redevelopment encourages workers to live close to work and pursue alternative commute methods which is in keeping with regional planning priorities. Mixed-use developments are also encouraged in this area to bring services closer to residents.
|NAME||# OF EMPLOYEES|
|Pond & Company||500|
|Computer Generated Systems (CGS)||379|
|ACI Worldwide Corp.||302|
|Milner Document Products Inc.||234|
|Nextel South Corp.||226|
|Navex (The Network)||229|
|Veritiv Operating Company (Unisource)||218|
|Suzanna's Kitchen Inc.||212|
|GC&E Systems Group Inc.||210|
|Construction Market Data Group||210|
|Lakeview Behavioral Health||197|
|Elite Flooring & Design||195|
|LMS Intellibound Inc.||189|
|Professional Career Development Institute||172|
|Atlanta Peachtree Corners Residence Inn||5500 Triangle Drive|
|Comfort Inn & Suites||5200 Peachtree Industrial Blvd.|
|Courtyard by Marriott||3209 Holcomb Bridge Rd.|
|Extended Stay America||7065 Jimmy Carter Blvd.|
|Garden Plaza Inn||6050 Peachtree Industrial Blvd.|
|Hampton Inn||440 Technology Parkway|
|Holiday Inn Express||7035 Jimmy Carter Blvd.|
|Homewood Suites Hotel||450 Technology Parkway|
|Hyatt Place||5600 Peachtree Parkway|
|Marriott Atlanta||475 Technology Parkway|
|Norcross Inn & Suites||6650 Bay Circle|
|Northeast Atlanta Hilton||5993 Peachtree Industrial Blvd.|
|Towne Place Suites||6640 Bay Circle|
|Cafe / Bistro||9|
The City of Peachtree Corners is experiencing a remarkable renaissance in its growth and development. As a regional employment center with as many jobs as residents, Peachtree Corners has positioned itself to lead Gwinnett’s economic resurgence. According to the Atlanta Business Chronicle, several of “Atlanta’s Best Places to Work” are in Peachtree Corners, including: Insight Sourcing Group, BECA, Relus Technologies, NanoLumens Inc., and I.B.I.S., among others. The city is also home to one of Atlanta’s top 25 engineering firms, Pond & Co., and top commercial contractors Fortune-Johnson Inc. and Hogan Construction Group LLC.
Of course, one of the biggest incentives that Peachtree Corners offers is no municipal property taxes. No other area communities can make such a claim. The city recognizes that certain “targeted businesses” in fields such as technology and life sciences are particularly beneficial. As a result, the City Manager is authorized to offer inducements to targeted businesses, such as a reduction in development or building permit fees and an acceleration of the plan review and permitting processes.
The City Manager is authorized to offer inducements to Targeted Businesses meeting threshold requirements and those inducements may include:
- Reduction of development permit fees
- Reduction of application fees for public hearings
- Reduction of any current or future impact fees
- Reduction of building permit fees
- Reduction of business occupation taxes
- Acceleration of the plan review process
These inducements may be offered to Targeted Businesses which meet the following thresholds:
- Tier 1: Targeted Business adds at least 25 new jobs and the jobs pay an average salary of at least 1.25 times the county average for that industry.
- Tier 2: Targeted Business adds at least 100 new jobs and the jobs pay an average annual salary of at least 1.25 times of the county average for that industry or $60,000 plus health benefits, whichever is greater. (City Ordinance 2013-02-07)
A tax exemption is available to businesses in certain fields related to high technology, life sciences, information technology and intellectual property by reference to those classifications as provided in the North American Industry Classification System (NAICS).
- Job Tax Credit (JTC) for businesses or headquarters engaged in manufacturing, warehousing and distribution processing, telecommunications, broadcasting, tourism or research and development industries. Businesses creating 25 new jobs are eligible for a tax credit of $750 per new job under Tier 4 guidelines.
- Small business credit initiative (SSBCI), a program designed to help increase credit availability to small businesses, provides access to capital in underserved markets and to women-and-minority-owned small businesses.
- Local revolving funds (RLF) are potential sources of funding for new or expanding businesses in select areas. The goal is the creation of job opportunities for low-and moderate-income persons. Funds are capitalized with Community Development Block Grant (CDBG) Employment Incentive Program (EIP) grants.
- Entrepreneur and small business support through the Georgia Department of Economic Development that includes one-on-one interaction, connections and incentives, as well as research, resources, mentorship programs and other tools.
- Small Business Administration (SBA) loans and loan guarantees are available to businesses which cannot borrow on reasonable terms from conventional lenders. Loans may be used for land and building acquisition, machinery and equipment, building renovation, working capital, among other uses.
More than 30 percent of households in Peachtree Corners have an income of more than $100,000, making Peachtree Corners one of the most affluent areas of Gwinnett County. Nearly 25 percent of residents in the workforce are in the "Professional Pride" group, well-educated career professionals who maintain upscale, suburban lifestyles. Families are mostly married couples and more than half of this segment have children.
Approximately 27 percent of the Peachtree Corners workforce consists of a tapestry segment known as the “Young and Restless” or well-educated young workers in professional/technical occupations, as well as sales and administrative support roles (Esri.com/tapestry). They are typically renters in single-family households with a median annual income of $36,000.
The "Enterprising Professionals" group comprises more than 15 percent of the city's workforce. They are well-educated and climbing the ladder in science, technology, engineering and mathematics occupations. They have a median household income of $77,000 (Esri.com/tapestry).
|Graduate degree or higher||19.1%|
|Mean Income Families||$115,000|
|Mean Household Income||$94,594|
|Professional, scientific, management, administrative||22.8|
|Finance, insurance, and real estate||10.4|
|Arts, entertainment, recreation, food services||10|
The Forum in Peachtree Corners was designed to resemble a European village and was originally called Hamburg Village Shops. Today, this regional shopping center offers an elite collection of shops and restaurants in a beautiful, outdoor setting.
A few of the stores at the Forum are:
- Atlanta Bread Company Bakery Cafe
- Barnes & Noble
- Ann Taylor
- DSW Shoes
- J. Crew
- Pottery Barn
- Soft Surroundings
- Bath & Body Works
- Jos. A. Bank Clothiers
- Banana Republic
- Clair's Boutique
New and existing businesses are encouraged to review the Business Startup Guide for information about obtaining a business license and getting a space ready for occupancy.