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Atlanta receives $1 million to guide investment in distressed areas

On Wednesday, Mayor Keisha Lance Bottoms and the Rockefeller Foundation announced a partnership to help encourage socially conscious investment in Atlanta’s 26 opportunity zone neighborhoods, and to reduce the risk of displacement of longtime residents and businesses. A significant part of the partnership is a $1 million grant from the Rockefeller Foundation.

SOURCE: AJC

Under-The-Radar Investors in the Atlanta Startup Ecosystem

Donray spent his first act building a successful career in the music industry, managing artists such as The Roots, Cody Chestnutt, and Outkast. Donray’s most recent venture through his recently founded Elevator City Partners is the redevelopment of West End Mall with co-founding partner, Ryan Gravel.

SOURCE: Medium

SBA Opportunity Zones in Metro Atlanta

One of the first significant projects beginning to take shape is a revitalization of the aging Mall West End. … If projects like Gravel and Von’s are successful over the long-term, then it could be a model for others who want to invest in distressed locations in the city.

SOURCE: Atlanta Small Business Network

Don Peebles is launching $500M fund for emerging minority and women developers

For minorities and female developers, “access to capital has been the biggest challenge,” said Peebles, who has been an outspoken advocate for diversity in the industry. In addition to supplying capital, Peebles said his company will look at ways to support the emerging developers. Through co-developing or partnerships, he hopes the fund will “help mitigate risk and help them grow quicker.”

SOURCE: The Real Deal

It’s Up To Developers To Avoid Turning Philly Into Another Gentrified Metropolis

Philadelphia is as fertile ground for commercial real estate development as it has ever been, giving rise to inevitable, difficult conversations about how that growth affects communities.

SOURCE: Bisnow

UnitedHealth Group, Atlanta’s HBCUs launching data science initiative

The Atlanta University Center Consortium has received an $8.25 million investment from UnitedHealth Group Inc. to strengthen the offerings of the colleges in the fields of data science.

SOURCE: Saporta Report

The rise of Southwest Atlanta’s food scene

A BeltLine-inspired restaurant boom has created an important new food destination—but its main mission is to serve the locals.

SOURCE: Atlanta Magazine

Goodbye, Silicon Valley, hello, Atlanta: Black entrepreneurs part of new migration to South

For a growing number of African-Americans in the tech world, Atlanta is beckoning.

SOURCE: USA Today

D.C.-Based Opportunity Zone Fund Focused On Development Around HBCUs

Investors are utilizing the opportunity zone program to help spark the transformation of HBCUs’ neighborhoods around the country.

SOURCE: Bisnow

Tristan Walker announces acquisition by Procter & Gamble, will remain as CEO and move company to Atlanta

Once a beacon for more minorities to join him in Silicon Valley, the former tech and media darling enters a deal that will help to secure his legacy—and P&G’s.

SOURCE: Fast Company